• 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

CROET president tells Oak Ridge story on national podcast

Posted at 10:38 am February 21, 2022
By Oak Ridge Today Staff Leave a Comment

Teresa Frady

Teresa Frady, president of the Community Reuse Organization of East Tennessee, is the Spotlight Interview guest on this week’s episode of the Gone Fission Nuclear Report podcast, which covers U.S. Department of Energy environmental management activities around the nation.

Hosted by Michael Butler, the episode is available on all podcast platforms and can be accessed at www.gonefissionpodcast.com, a press release said.

Frady shared with Butler’s listeners CROET’s mission to help DOE transition underused assets such as land, buildingsm and equipment to private sector companies at the East Tennessee Technology Park, also known as the Heritage Center. She recently replaced Lawrence Young, who had served as CROET’s president and chief executive officer since its founding in 1995.

“Our partnership with DOE in transferring federal land helps the region with creation of quality jobs but also adds the property to Roane County and City of Oak Ridge tax rolls,” she said in the press release. “This helps the communities and saves the federal government money since DOE no longer has to maintain those assets.”

In her new management role, Frady plans to build on the vision that was established for CROET when the organization was founded in 1995. “I want to finalize the remaining property transfers from DOE to get those properties into the hands of the private sector for redevelopment,” she said. “My emphasis in the near term is to continue working with our current clients to help them be successful as part of the Heritage Center.”

In 2017, CROET was established by the State of Tennessee as park manager of ETTP/Heritage Center and is overseeing the multi-use industrial park composed of former federal land transferred to the Oak Ridge community by DOE. To date, DOE has transferred approximately 1,300 acres of federal land to CROET following complete environmental remediation and state, federal, and Congressional review and approval.

Frady said a lot of companies find the location very attractive. “It’s on the outskirts of the City of Oak Ridge on a major highway and in close proximity to Interstates 40 and 75,” she said. “Most areas of the site have infrastructure already in place or very nearby, so that’s a plus. There’s also rail access that connects to the site.”

Progress is being made in attracting new industry to the former gaseous diffusion site, the press release said. Two companies, Kairos Power and Coqui Pharma, recently announced plans to locate at the park and plan to invest a total of $600 million and create dozens of new jobs. Ultra Safe Nuclear Corporation recently announced its acquisition of a facility at Heritage Center to site its Pilot Fuel Manufacturing Facility and at least three additional companies have shown interest in locating at the Park.

The Gone Fission Nuclear Report covers the latest developments in environmental cleanup across the DOE complex. DOE is now engaged in the largest environmental remediation program in history, cleaning up nuclear production sites across the U.S. that were used to support national security missions for 75 years.

“Some of the work on these sites dates back to the super-secret Manhattan Project, a national priority to develop the first atomic bomb that helped end World War II,” Butler said. “Cleanup of these sites is a multi-decade effort, requiring thousands of trained professionals and highly skilled crafts people with budgets in the billions of dollars.”

More information will be added as it becomes available.

Most news stories on Oak Ridge Today are free, brought to you by Oak Ridge Today with help from our advertisers, contributors, and subscribers. This is a free story. Thank you to our advertisers, contributors, and subscribers. You can see what we cover here.


Do you appreciate this story or our work in general? If so, please consider a monthly subscription to Oak Ridge Today. See our Subscribe page here. Thank you for reading Oak Ridge Today!

Alternatively, you can donate to support our work here. Thank you for your support!

Copyright 2021 Oak Ridge Today. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Filed Under: Business, East Tennessee Technology Park, Front Page News, Oak Ridge, Oak Ridge Office of Environmental Management, Roane County, Top Stories, U.S. Department of Energy Tagged With: Community Reuse Organization of East Tennessee, CROET, DOE, East Tennessee Technology Park, ETTP, Gone Fission Nuclear Report, Heritage Center, Michael Butler, Spotlight Interview, Teresa Frady, U.S. Department of Energy

Leave a Reply Cancel reply

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

More Business News

CNS honors Master Machine as small business of year

Consolidated Nuclear Security presented the small business of the year award to Master Machine Incorporated during a recent Partners in Excellence supplier outreach event. The Chattanooga-based business focuses on … [Read More...]

MCLinc donation funds ramp for Children’s Museum

Submitted Barry Stephenson believes the Children’s Museum of Oak Ridge is one of the city’s treasures. The laboratory he leads, employee-owned Materials & Chemistry Laboratory Inc. (MCLinc), wants to make sure … [Read More...]

ORNL Credit Union president retiring

ORNL Federal Credit Union President and Chief Executive Officer Colin Anderson plans to retire September 30. Anderson has been president and CEO since July 2015, and he has informed the ORNL FCU Board of Directors and … [Read More...]

Oak Ridge Housing Authority proposes home project in Scarboro

The Oak Ridge Housing Authority is interested in an affordable housing project on about 16-18 acres of city-owned land next to the Scarboro Community Center. The site was expected to be developed by Habitat for Humanity … [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...]

More Business

More U.S. Department of Energy News

NNSA Notice of Availability

AVAILABILITY OF THE DRAFT ENVIRONMENTAL ASSESSMENT FOR ACTIVITIES IN SUPPORT OF THE Y-12 NATIONAL SECURITY COMPLEX MATERIALS MANUFACTURING MISSION (DOE/EA-2218) The U.S. Department of Energy (DOE) National Nuclear … [Read More...]

CNS honors Master Machine as small business of year

Consolidated Nuclear Security presented the small business of the year award to Master Machine Incorporated during a recent Partners in Excellence supplier outreach event. The Chattanooga-based business focuses on … [Read More...]

Lunch with League: Global warming at a local level

A research scientist at Oak Ridge National Laboratory on Tuesday will discuss the expected impacts of climate change on extreme weather and cities. Melissa Allen-Dumas is a research scientist in the Computational … [Read More...]

SNS on hiatus for upgrade

The Spallation Neutron Source at Oak Ridge National Laboratory—already the world’s most powerful accelerator-based neutron source—will be on a planned hiatus through June 2024 as crews work to upgrade the … [Read More...]

Sholl named interim executive director of UT-Oak Ridge Innovation Institute

David Sholl, director of the Transformational Decarbonization Initiative at Oak Ridge National Laboratory, has been appointed interim executive director of the University of Tennessee-Oak Ridge Innovation Institute. His … [Read More...]

More DOE

Recent Posts

  • TVA retires Bull Run Fossil Plant
  • Artificial intelligence to be discussed Tuesday
  • Community Thanksgiving is Thursday
  • Windrock wildfire controlled
  • ORHS Masquers Showcase is Saturday
  • Minor traffic delays possible due to Secret City Half Marathon, 5K
  • Burn ban in effect in Oak Ridge, restrictions in OS
  • State: Rocky Top wildfire 100 percent contained
  • Rocky Top fire grows to 210 acres, 75 percent contained
  • AC man charged with murder

Search Oak Ridge Today

Copyright © 2023 Oak Ridge Today