It’s already been approved by the Oak Ridge City Council, and a 10-year extension of the $13 million tax agreement that could be used to help redevelop the former Oak Ridge Mall will next be considered by Anderson County officials.
The agreement will be considered by the Anderson County Operations Committee on Monday evening. It could then be considered by the full Anderson County Commission later this month.
Like Oak Ridge officials, Anderson County officials will consider extending the tax agreement for the 59-acre project by 10 years—from 20 years to 30.
Officials have described the proposed redevelopment, named Main Street Oak Ridge, as an $80 million project that could fill a “hole in the heart” of Oak Ridge, bring new retail life to the city’s downtown, and build a lasting legacy. [Read more…]