Business
TPT Global Tech Initiates Tuskegee, Alabama "Smart City" Project Through Real Estate Sales Agreements with Limited Partnerships Led by Legendary Civil Rights Attorney Fred Gray Who Represented Martin Luther King and Rosa Parks
TPT Global Tech Initiates Tuskegee, Alabama "Smart City" Project Through Real Estate Sales Agreements with Limited Partnerships Led by Legendary Civil Rights Attorney Fred Gray Who Represented Martin Luther King and Rosa Parks.
About this update from Tpt Global Tech, Inc.
[{"type":"text","content":"SAN DIEGO, CA / ACCESSWIRE / May 17, 2022 / TPT Global Tech, Inc. www.tptglobaltech.com ("TPTW" or the "Company") (OTCQB:TPTW) announced today that the company has officially initiated its "Smart City" project with the execution of Real Estate Sales Agreements to acquire approximately 135 acres of land in Tuskegee, Alabama. CEO Stephen Thomas entered into the transactions with the Gray Family Limited Partnership and Lakeside Ranch, Inc. represented by legendary Civil Rights Attorney Fred Gray. The two parcels of land, which have been in Mr. Gray's family since the 1980s, are comprised of one approximate 45-acre parcel along Tuskegee Lake and the second an approximate 85-acre parcel along route 80 heading to Auburn, Alabama. Per the agreement, TPT Global Tech will be paying approximately $1.7M for the properties, of which it paid a combined $10,000 in down payments. The Company has until November 11, 2022, to close the transactions including paying the remainder of the purchase price which it intends to fund from current fundraising efforts. Closing of the transactions are subject to obtaining financing, all surveys, and finalizing master plans for the kick-off of the Company's "Smart City" project. The Company has been working with the Director of the Macon County Economic Development Corp., Joe Turnham, Tuskegee Mayor Tony Haygood, the Tuskegee City Council, and the Tuskegee Utility Company to secure additional land for its project.The Company is currently in negotiations with several manufacturing companies, and hotel chains, to locate or participate in the TPT Global Tech/Tuskegee Smart City project.Fred David Gray (born December 14, 1930) is a civil rights attorney, preacher, and activist in Alabama. He litigated several major civil rights cases in Alabama, including Browder v. Gayle, that reached the United States Supreme Court. He served as the President of the National Bar Association in 1985, and in 2001 was elected as the first African-American President of the Alabama State Bar.[1] During the Civil Rights Movement, Gray came to prominence working with Martin Luther King Jr. and E.D. Nixon, among others. Among his first cases as a young Alabama attorney (and solo practitioner), Gray defended Claudette Colvin and later Rosa Parks, who were charged with disorderly conduct for refusi...