The CEO of the organization that is deeding over the Lula train depot to the city is speaking out to set the record straight on a transaction she describes as a generous donation and not a sale.
Mere Barbee told The Times that the property is valued at 20 times more than the $9,000 the city is giving to the Lula Area Betterment Association, which she says merely reimburses the group for $5,000 in equipment members purchased and is staying with the property, along with $4,000 to pay legal fees associated with the transaction.
Lula group says train depot deal is donation, not a sale