NASHVILLE, Tenn. -- One of the hottest pieces of real estate in Nashville is on the market again.

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Developers have begun making their pitches to Nashville for the use of the old thermal plant site downtown.

After months of negotiations and missed deadlines, Mayor Bill Purcell said Tuesday that the site won’t be home to the Sounds.

Channel 4 News helicopter Air 4 flew over the site Tuesday.

Purcell said that the site is now open to offers from other areas of business.

So what is the future for the multimillion dollar property?

Purcell said he's getting ready to make an announcement about what it will look like in the future.

The developers, including Streuver Brothers Construction of Baltimore, the firm who originally worked with the Sounds to build a ballpark there, are once again trying to make a deal.

Purcell said he could not say much about the property and its future.

"I should have an announcement here in the near future about that,” Purcell said.

Hal Barry of Hal Barry Real Estate said he has had several preliminary discussions with the city.

Streuver Brothers met with Purcell last week.

Officials said the Streuver Brothers have revamped their original offer with the ballpark to include condos, a hotel or possibly an amphitheater.

"But I think the notion of increasing the number of venues for music in the city obviously is one that appeals to everybody,” Purcell said.

Purcell said he hasn't forgotten about the Sounds, but said that they can play ball in many places and don’t have to necessarily play downtown.

The Nashville Sounds management said they know there won't be baseball at the site and they've accepted it. Their game plan is to watch how Nashville's political climate changes in the next few months and try again for a different site.

A city task force spent months figuring out the best use for the 11 acres, which is how they came up with the ballpark deal in the first place.

Purcell implied that it won't be long before a new development plan is solidified.

Nashville residents have their own ideas about what the plan should be.

"Maybe some sort of family attraction. There's not much for families that come to visit Nashville to do downtown,” said Stacy Bernard.

"I think a good use would be a park for the kids to have fun in the summertime,” said Angelo Copeland.