Developer could request tax incentives at Alexander Inn

An unnamed business could request tax incentives to redevelop the historic but run-down Alexander Inn, city officials said Friday.

The Oak Ridge Industrial Development Board could hear a few brief summary of the proposal during a meeting this afternoon, although few details are publicly available. The potential owner or developer could request tax increment financing, or TIF, which uses new property tax revenues generated at a site to pay for improvements.

On Friday, Oak Ridge officials said they only have preliminary information.

“This may come our way,” IDB Chairman Bill Biloski said. He said he doesn’t have a client name or TIF amount.

Oak Ridge City Manager Mark Watson said the TIF could be requested before the end of the year.

Famous scientists and Manhattan Project leaders once stayed at the Alexander Inn, a vacant, two-story hotel in Jackson Square, and historic preservationists have lobbied to save it for years.

As part of an East Tennessee Technology Park agreement announced Aug. 10, the U.S. Department of Energy said it is giving a $500,000 grant to the East Tennessee Preservation Association to help save the hotel. The grant will be used to buy the property and stabilize the structure until the inn can be transferred to a private developer.

Officials said the ETPA could receive the grant within 30 days.

Today’s IDB meeting begins at 4 p.m. in the Oak Ridge Municipal Building Training Room.

Advertisement
Advertisements


Join the club!

If you support Oak Ridge Today, please consider becoming a voluntary subscriber. You don't have to subscribe to read our stories, but your contribution will help us grow and improve our coverage.

We currently offer three subscription levels: $5, $10, or $25 per month. We accept payments through PayPal. You may also visit our subscription page for information on other options.

Thank you for your support.


Subscription options




Commenting Guidelines

We welcome comments, but we ask you to follow a few guidelines:

1) Please use your real name, including last name. Please also use a valid e-mail address. We do our best to confirm identities. If we are unable to confirm your identity or your comments don't appear to be posted using a real, full name, your comments may not post or may be removed.
2) Be civil. Don't insult others, attack their character, or get personal.
3) Stick to the issues.
4) No profanity.
5) Keep your comments to a reasonable length and to a reasonable number per article.

We reserve the right to remove any comments that violate these guidelines. Comments from readers posting for the first time may be held for review, and they will not be posted if they violate the guidelines. We urge you to do your best to follow the guidelines if you would like to see your comment posted. Thank you for your patience and understanding.

More information is available here.

  • Susie Williams Taylor

    In my opinion, Oak Ridge City Officials would be very wise in allowing this tax increment financing! Time will tell just how insightful our City Officials are~~~

  • Sam

    Please, please tell me we are not going to pour money into this bottomless pit. Let it collapse and die. OR has FAR more pressing needs than to continue this charade. let’s live for the future, not the past.

  • Robert Humphries

    Oh, no! Not another handout! The word must be out….hit the “suckers” in Oak Ridge. Their leaders (so-called) will soak them and give US a break!
    Robert H.

  • Ellen Smith

    It’s premature to start complaining about this. Nobody has requested any incentives yet, and the City most definitely hasn’t agreed to do anything for anybody. The Alexander was discussed briefly at the IDB meeting today (I was there), but very little information was provided.

More Business News

More Business

More Community News

More Community

More Education News

More Education

More Government News

More Government

More Police and Fire News

More Police and Fire

More U.S. Department of Energy News

More DOE

More 2014 Election News

More 2014 Election

More Entertainment News

More Entertainment

More Obituaries

Eleanor Louise Felts Hunter

Obituary: Eleanor Louise Felts Hunter

Louise went home to be with the Lord on Tuesday, January 20, passing peacefully at home surrounded by family and loved ones. She was preceded in death by her beloved husband Gerald and her brother Roland … [Read More...]

Mary Earline Banic

Obituary: Mary Earline Smith Banic

Mary Earline Smith Banic, age 90, of Oak Ridge passed away Thursday, January 22. Earline was born in Travelers Rest, South Carolina, on September 3, 1924, and moved to Oak Ridge in 1946 after graduating from Winthrop … [Read More...]

James Eugene Livesay

Obituary: James Eugene Livesay

James Eugene Livesay, age 91, of Oak Ridge, went home to be with the Lord on Wednesday, January 21. Jim was born January 10, 1924, in Frankfort, West Virginia, to Lock and Mary Livesay. He was the youngest of eight … [Read More...]

Donald Ray Long

Obituary: Donald Ray Long

Donald Ray Long, age 57, of Oak Ridge, passed away Sunday, January 4, at his home. He was born December 29, 1957, in Oak Ridge, the son of Ernest L. Long Jr. and Wilma Wynn Long. He had worked as a contractor with … [Read More...]

Betty Felton White

Obituary: Betty Felton White

Betty Felton White, 83 of Fort Collins, Colorado, formerly of Tennessee, passed away on Friday, January 2. She was born on August 12, 1931, in Ethridge, TN to Virgil and Delia (Alexander) Felton. Betty spent her … [Read More...]

More Obituaries

More Opinion

More Opinion

More Sports News

Oak Ridge Wildcats Geevantay Gee and Powell Panthers Cropped

Photos: Wildcats blow out Powell 85-44

  All 12 Wildcats scored, and four Oak Ridge players finished in double digits during a 85-44 blowout win at Powell on Friday night. The Panthers were shorthanded, playing without three injured starters. It … [Read More...]

More Sports