(WBIR-Knoxville) An historic Knoxville building has new owners, at least for now.
On Monday, Knox County Schools handed over the old Knoxville High School building to Knox County, but the county doesn't want to hold on to the property for long.
Officials hope to issue a request for proposals to develop the property on Sunday. Developers have expressed interest in turning the former high school building into a residential development.
County officials believe redevelopment is a viable option.
"The building has problems that any hundred year old building has, there's some environmental issues to go along with it. Nothing that's insurmountable, there's some ADA compliance issues that need to be taken care of with the building. All those things that the new owner/developer will address in their development plan to the county," said Hugh Holt, Knox County's Purchasing Director.
On Tuesday, Knox County will hand over the keys to another property it put on the market a couple of years ago. Hillcrest Health Care will give the county a check for more than $5.2 millions dollars in exchange for the three properties where it runs assisted living centers.