• About
    • About Us
    • What We Cover
  • Advertise
    • Advertise
    • Our Advertisers
  • Contact
  • Donate
  • Send News
  • Subscribe

Oak Ridge Today

  • Home
  • Sign in
  • News
    • Business
    • Community
    • Education
    • Government
    • Health
    • Police and Fire
    • U.S. Department of Energy
    • Weather
  • Sports
    • High School
    • Middle School
    • Recreation
    • Rowing
    • Youth
  • Entertainment
    • Arts
    • Dancing
    • Movies
    • Music
    • Television
    • Theater
  • Premium Content
  • Obituaries
  • Classifieds

 

Mall TIF could be worth $13 million, last 20 years

Posted at 2:56 pm October 24, 2013
By John Huotari Leave a Comment

Oak Ridge Mall Concept Plan Featured

The proposed tax financing agreement to help redevelop the Oak Ridge Mall could be worth up to $13 million and last 20 years, and when complete, the 60-acre site in the center of the city could include a mix of mostly retail and some office space, a hotel, and up to 50 multi-family residential units.

The proposed tax financing agreement to help redevelop the Oak Ridge Mall could be worth $13 million and last 20 years, and when complete, the 60-acre project in the center of the city could include a mix of mostly retail and some office space, a hotel, and up to 50 multi-family residential units.

The developer, C4 Investments LLC of North Carolina, could spend more than $85 million converting what is now a mostly empty enclosed mall into an open-air, retail-driven, mixed-use property.

The redevelopment plan calls for about 400,000 square feet of retail space and roughly 60,000 to 100,000 square feet of office space, according to an economic impact plan to be discussed at a public hearing at 5 p.m. today (Thursday) and considered during a special meeting of the Oak Ridge Industrial Development Board.

The project would use tax increment financing—also known as a TIF—to help pay for part of the public infrastructure costs as well as other “permitted costs.” TIFs allow new property tax revenues generated at a site to be used for site development.

If the IDB recommends the TIF today, it would still have to be considered by Oak Ridge City Council and Anderson County Commission.

The public hearing and special meeting start at 5 p.m. in the Oak Ridge Municipal Building Courtroom. See the resolution and economic impact plan that will be considered there: Oak Ridge Mall Resolution and Economic Impact Plan.

More information will be added as it becomes available.

Filed Under: Anderson County, Business, Government, Oak Ridge, Oak Ridge, Top Stories, Uncategorized Tagged With: Anderson County Commission, C4 Investments LLC, hotel, Oak Ridge City Council, Oak Ridge Industrial Development Board, Oak Ridge Mall, office, public infrastructure, redevelopment, residential, retail, site development, tax financing, tax increment financing, TIF

Advertisements

 


Join the club!

If you appreciate our work, please consider subscribing. Besides helping us, your subscription will give you access to our premium content.

Some of our stories are free, brought to you by Oak Ridge Today with help from our members—advertisers, subscribers, and sponsors.

But some are premium content, available only to members. Those are in-depth, investigative, or exclusive stories that are available only on Oak Ridge Today. They generally require significant time to report, write, and publish.

You can subscribe for as little as $5 per month.

You can read more about your options here.

We currently offer five primary subscription options to readers, and they include benefits.

Basic

  • Basic monthly subscription ($5 per month)—access premium content
  • Basic annual subscription ($60 per year)—access premium content

Pro

  • Pro monthly subscription ($10 per month)—access premium content, get breaking news emails first, and submit one press release or public service announcement per month
  • Pro annual subscription ($100 per year)—save $20 per year, access premium content, get breaking news emails first, and submit one press release or public service announcement per month

Temporary

  • Temporary access ($3 per week for two weeks)

We also have advanced subscription options. You can see them here.

We also accept donations. You can donate here.

If you prefer to send a check for a subscription or donation, you may do so by mailing one to:

Oak Ridge Today
P.O. Box 6064
Oak Ridge, TN 37831

Thank you for your consideration and for reading Oak Ridge Today. We appreciate your support.

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.
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 held for review, usually from those posting for the first time, may not post if they violate these guidelines. Thank you for your patience and understanding. Thank you also for reading Oak Ridge Today and for participating in the discussion.

More information is available here.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

More Business News

Company could evaluate leaving rail in place at airport

The Brentwood company performing preliminary studies for the proposed Oak Ridge Airport could evaluate leaving a short section of railroad in place and building a runway bridge over it. The short section of railroad … [Read More...]

CNC Bootcamp returns to Oak Ridge High School this spring

A popular bootcamp is returning to Oak Ridge High School this spring thanks to a recent partnership between Roane State Community College and the Institute for Advanced Composites Manufacturing … [Read More...]

Trapuzzano receives Eugene L. Joyce Achievement Award

The Oak Ridge Chamber of Commerce presented Tim Trapuzzano with the Eugene L. Joyce Lifetime Achievement Award at its annual awards gala, An ExtraORdinary Evening, in late January. Trapuzzano is president and chief … [Read More...]

Speakers mostly support TRISO-X fuel facility at meeting

A small group of residents who spoke at a public meeting on Wednesday were mostly supportive of a proposed nuclear fuel facility in west Oak Ridge. None of the seven local speakers opposed the project, but they had some … [Read More...]

Residents discuss Dollar General in Marlow

A handful of Anderson County residents have expressed mixed opinions in government meetings about a reported proposal to build a Dollar General store next to Oliver Springs Highway in Marlow, but the Anderson County … [Read More...]

More Business

More Government News

Eby elected chair of state school board

Bob Eby, a former chair and vice chair of the Oak Ridge school board, has been elected chair of the Tennessee State Board of Education. He will serve a two-year term. Eby was appointed to the state school board by … [Read More...]

McNally has pacemaker surgery

Tennessee Lieutenant Governor Randy McNally reported on Friday that he had pacemaker surgery and it went smoothly. McNally had said on his official Facebook page that, before the surgery, he had experienced the … [Read More...]

Company could evaluate leaving rail in place at airport

The Brentwood company performing preliminary studies for the proposed Oak Ridge Airport could evaluate leaving a short section of railroad in place and building a runway bridge over it. The short section of railroad … [Read More...]

Residents discuss Dollar General in Marlow

A handful of Anderson County residents have expressed mixed opinions in government meetings about a reported proposal to build a Dollar General store next to Oliver Springs Highway in Marlow, but the Anderson County … [Read More...]

Read city manager’s retirement letter

This is a copy of the January 17 retirement letter from Oak Ridge City Manager Mark Watson to the seven Oak Ridge City Council members. Since August of 2010, I have been proud to serve the City of Oak Ridge as its … [Read More...]

More Government

Recent Posts

  • Ken Tarcza, Ph.D., joins ORAU as chief of staff
  • Community Band to perform ‘Music for Spring’
  • Eight new members join DOE’s environmental advisory board
  • DOE conducting controlled burns on Oak Ridge Reservation
  • Schools publish number of open seats per school
  • History Museum to celebrate new Hutment Exhibit
  • Community Egg Hunt is Saturday, April 1
  • Austin Knight Foundation donates $5,000 to Roane State’s EMS program
  • Roane State to host Virtual FAFSA Workshop on March 24
  • Today: International Festival at Children’s Museum

Search Oak Ridge Today

About Us

About Oak Ridge Today
What We Cover

How To

Advertise
Subscribe

Contact Us

Contact Oak Ridge Today

Copyright © 2023 Oak Ridge Today