In 2003, the Anderson County Commission approved a county subsidy for a revitalization project at the Oak Ridge Mall.
Had that project succeeded, it would have generated a substantial increase in county revenue, allowing tax rates to be lowered. A successful mall project would have also helped stabilize the U.S. Department of Energy payroll gap with Knox County. Stabilizing this gap would have generated nearly $100 million more in DOE payroll for the Anderson County economy—in this year alone.
Obviously, the potential economic benefit from a successful mall project is huge.
To give the project the best chance for success, the Commission needs to couple the requested mall subsidy to four key Commission actions: [Read more...]