Investors Seeking to Turn Butcher Mansion into Nursing Home

Clinton, Anderson County (AP) - The former Clinton home of convicted Banker Jake Butcher may soon become an assisted-living facility.

The 22,000-square-foot mansion known as Whirlwind overlooking Melton Hill Lake was turned into five condominiums after the collapse of Butcher's banking empire in 1983.

The house is up for sale for about $3 million, and a group wanting to turn it into a nursing home has made a request with the Anderson County Board of Zoning Appeals.

Butcher and his brother, C.H., together operated 27 banks in Tennessee and Kentucky, once valued at $3 billion. They both pleaded guilty to bank fraud. Jake Butcher was paroled from prison in 1992 and moved away.

He was the Democratic nominee for Governor in 1978, losing to Lamar Alexander.

Copyright 2006 by the Associated Press. All rights reserved.


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