Selling the President's House

A UT Board of Trustees committee will discuss the possibility of selling the President's House at a meeting in Nashville on May 5.

The home, in Sequoyah Hills, was sold to UT  back in 1960 for $60,000.  At the time, it was appraised at $90,000. It's value is considerably higher today.

It's also a very expensive perk.  It's annual budget for maintanance and staff is $180,000.

UT's Gina Stafford says the idea of selling the house actually came up in 2007.

Current resident Dr. John Petersen is scheduled to move out on May 31. So now would seem an opportune time to move forward on the idea.

I would imagine lots of folks would be interested in the property. In addition to its lake view, boat slip and location, it's got one of the most famous grills in Big Orange Country.  

And let's not forget the pants warmer in the master bedroom closet.

Who wouldn't want that???