East Bank scrapyard sells for $245 million

The intrigue: The main obstacle to redevelopment was that the business was profitable, making relocation expensive.

By the numbers: The property, owned by mogul Carl Icahn, sold for $245 million.

The big picture: The East Bank is in the midst of a dramatic revitalization, including a new Titans stadium, the surrounding mixed-use development by the Fallon Co., and the Oracle-led River North project.

What's next: The new owners did not unveil a detailed vision for the property.

• "There needs to be a vibrant and attractive downtown neighborhood where families have a sense of belonging and build strong, lasting memories together," Byerley said in a news release.
• "It should be planned with the riverfront as the front door to diverse living opportunities and blend unique urban amenities, activated with entertainment and retail that pair with the vision Metro has for the East Bank."