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For members: Companies have agreement to make nuclear fuel

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The carbonization and heat treatment furnace used to produce TRISO fuel, a high-assay, low-enriched uranium fuel, at a pilot production facility at Oak Ridge National Laboratory. (Photo courtesy X-energy)

 

A company that has a trial fuel fabrication facility at Oak Ridge National Laboratory is collaborating with a joint venture led by GE with Hitachi to produce nuclear fuel for the U.S. Department of Defense and NASA.

The company, X-energy of Rockville, Maryland, announced the collaboration with Global Nuclear Fuel on November 6.

The two companies have an agreement to develop high-assay, low-enriched uranium TRISO fuel. The fuel could be used in defense micro-reactors and by NASA for nuclear thermal propulsion, a press release said.

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Cirrus Aircraft, Coquí Radio Pharmaceuticals could use Oak Ridge Airport

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This is an aerial image of the current layout plan for the proposed Oak Ridge Airport at the Heritage Center (the former K-25 site) in west Oak Ridge. (Image courtesy Metropolitan Knoxville Airport Authority)

Cirrus Aircraft and Coquí Radio Pharmaceuticals could both use the proposed Oak Ridge Airport, a project consultant said Tuesday.

Oak Ridge Today has previously reported that Coquí Radio Pharmaceuticals Corporation could use the airport, which would have a 5,000-foot runway and be located at Heritage Center, the former K-25 site. Coquí has announced plans to build a $500 million medical isotope production facility at Heritage Center.

The company makes medical isotopes with a half-life of 62 hours, airport project consultant Billy Stair said at an Oak Ridge Chamber of Commerce breakfast on Tuesday. Using the Oak Ridge Airport, rather than spending 42 minutes driving to McGhee Tyson Airport in Blount County, would save Coquí about $2.3 million per year, Stair said. It would also avoid the loss of about 1,000 doses per day of isotopes used for medical treatments, Stair said.

The Federal Aviation Administration conditionally approved the Oak Ridge Airport in March. That was a very significant step after four years of work, Stair said. The master plan has been approved; the precise location of the runway has been set; and a model of likely traffic has been developed.

As part of the conditional approval, the FAA wants an environmental assessment and a benefit-cost analysis.

[Read more…]
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Frank Callaghan Towers to be renovated, renamed

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LHP Capital Closing Fairbanks Tower Sept 3 2019
Officials from LHP Capital and the City of Oak Ridge celebrate the closing of a transaction that will enable LHP to acquire and renovate Frank Callaghan Tower, an affordable housing community for seniors on fixed incomes. Pictured above from left to right on Tuesday, Sept. 3, 2019, are Oak Ridge City Manager Mark Watson, Oak Ridge Industrial Development Board Chair David Wilson, LHP Development President Carr Hagan, and LHP Development CEO Alvin Nance. (Submitted photo)

The Frank Callaghan Towers on Fairbanks Road in Oak Ridge will be renovated and renamed, a housing developer and manager said this week.

Officials with LHP Capital LLC announced Tuesday that they have signed the last document necessary to close on the acquisition and renovation of Oak Ridge’s Frank Callaghan Towers. That’s a 110-unit affordable rental housing community for seniors 62 and older and adults with disabilities, and it is located at 115 Fairbanks Road in east Oak Ridge.

LHP will oversee more than $5.8 million in renovations to the property, which was originally constructed in the late 1970s, a press release said. The sale to LHP will assure preservation of the property’s affordability status under federal guidelines, the press release said. LHP will also manage the apartments.

The renovations to the property will begin immediately and will start with a new name, according to Carr Hagan, president, LHP Development, a division of Knoxville-based LHP Capital, a real estate development firm specializing in affordable housing.

[Read more…]
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Dairy Queen coming to Oak Ridge

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Dairy-Queen-Site-Aug-19-2019
A Dairy Queen restaurant will be located at the corner of Rutgers Avenue and Oak Ridge Turnpike, where a Taco Bell restaurant used to be. Workers were at the site on Monday morning, Aug. 19, 2019. (Photo by John Huotari/Oak Ridge Today)

Note: This story was last updated at 5 p.m. Aug. 20.

Dairy Queen is coming to Oak Ridge.

The Dairy Queen will be located at the corner of Rutgers Avenue and Oak Ridge Turnpike, where a Taco Bell restaurant used to be. A new Taco Bell has been built east on the Turnpike, at the intersection with Bus Terminal Road.

Workers were at the Dairy Queen restaurant site on Monday, putting up a “DQ Coming Soon!” sign and unloading construction equipment.

[Read more…]

FAA conditionally approves Oak Ridge Airport

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This is an aerial image of the current layout plan for the proposed Oak Ridge Airport at the Heritage Center in west Oak Ridge. (Image courtesy Metropolitan Knoxville Airport Authority)

The Federal Aviation Administration provided a conditional approval for the proposed Oak Ridge Airport in a February letter, a consultant said Thursday.

The conditions included in the February 22 letter included the completion of a benefit cost analysis and an environmental assessment for the airport property, project consultant Billy Stair said.

In response to the conditional approval, the Metropolitan Knoxville Airport Authority’s board of directors approved a work authorization for CHA Consulting Inc. during a June 19 meeting. CHA Consulting, which has an office in Louisville, will provide professional services for “qualifications development and agency scoping” for the design, environmental assessment, and benefit cost analysis for the proposed airport.

“This puts in motion the process for undertaking the BCA (benefit cost analysis) and EA (environmental assessment),” Stair said.

[Read more…]

Planet Fitness could open July 30

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Planet Fitness is building a gym in Oak Ridge in part of the former Kmart store on South Illinois Avenue. Construction is pictured above on Tuesday, May 21, 2019. (Photo by John Huotari/Oak Ridge Today)

The Planet Fitness gym in Oak Ridge is tentatively scheduled to open July 30, the company said Wednesday.

“The 27,000-square-foot Oak Ridge club will offer state-of-the-art cardio machines and strength equipment, 30-Minute Express Circuit, fully equipped locker rooms with day lockers and showers, and numerous flat screen televisions,” according to a response to questions provided by Josh Gerber, vice president of marketing for PF Growth Partners LLC in Timonium, Maryland. “The club will also have a signature Black Card Spa area that will feature HydroMassage beds, massage chairs, tanning beds, a Total Body Enhancement booth and more.”

The club will be staffed 24 hours a day, seven days a week, the company said. People can begin signing up online starting June 10, Planet Fitness said.

[Read more…]

DosBros Fresh Mexican Grill opening in Oak Ridge

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DosBros Fresh Mexican Grill is opening a restaurant in a shopping center on South Illinois Avenue in Oak Ridge. The shopping center is pictured above on Thursday, May 22, 2019. (Photo by John Huotari/Oak Ridge Today)

DosBros Fresh Mexican Grill is opening a restaurant in Oak Ridge.

The restaurant could open in August, the company said in a response to a customer question on its Facebook page.

It appears that the restaurant will be located where the former Chipotle Mexican Grill was on South Illinois Avenue, according to a photo posted by DosBros Fresh Mexican Grill. That is in a shopping center next to Great Clips, Fast Pace Urgent Medical Care, Hwy 55 Burgers, Shakes & Fries, and Aspen Dental.

[Read more…]

Planet Fitness building gym in Oak Ridge

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Planet Fitness is building a gym in Oak Ridge in part of the former Kmart store on South Illinois Avenue. Construction is pictured above on Tuesday, May 21, 2019. (Photo by John Huotari/Oak Ridge Today)

Note: We have posted a second story here with more information about the new gym, which is tentatively scheduled to open July 30.

Planet Fitness is building a gym in Oak Ridge.

The new gym will be in part of the former Kmart store on South Illinois Avenue.

The new gym has been announced on the company’s website, which says the Oak Ridge fitness club is coming soon.

[Read more…]

Four new stores at Main Street could generate more than $600,000 in tax revenues, city says

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A revised master plan for Main Street Oak Ridge. The Oak Ridge Municipal Planning Commission was to discuss the proposed revisions during a work session on Thursday, April 11, 2019.

The four new stores at Main Street Oak Ridge could create 150 jobs and generate more than $600,000 in sales and property tax revenues for Oak Ridge and Anderson County, according to calculations by the city’s economic development consultant.

The estimated new revenues could include $572,096 in sales tax revenues and $116,965 in property tax revenues for Oak Ridge and Anderson County, according to the calculations. The portion of new sales tax revenues for just Oak Ridge could total $385,158, according to the calculations.

The four new stores are part of a revised plan for Main Street Oak Ridge, the 58-acre redevelopment of the former Oak Ridge Mall.

A new version of that plan is scheduled to be considered by the Oak Ridge Municipal Planning Commission on Thursday. The economic benefit calculations for the new stores are included in the agenda for Thursday’s meeting.

Here is the specific breakdown of the economic benefits of the four new stores, which could total 75,000 square feet, according to the calculations:

[Read more…]

Company could invest $500 million at medical isotope production facility

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Pictured above is a rendering of the proposed Coquí Radio Pharmaceuticals Corporation medical isotope production facility at the Heritage Center in west Oak Ridge. (Image courtesy Coquí)

Pictured above is a rendering of the proposed Coquí Radio Pharmaceuticals Corporation medical isotope production facility at the Heritage Center in west Oak Ridge. (Image courtesy Coquí)

 

Note: This story was last updated at 12:45 p.m.

Coquí Radio Pharmaceuticals Corporation announced Wednesday that it could invest $500 million at a new medical isotope production facility at the Heritage Center in west Oak Ridge.

The facility could start production in late 2025, said Carmen Bigles, founder and chief executive officer of Coquí Radio Pharmaceuticals.

The U.S. Department of Energy has transferred land for the facility and provided research support through the national laboratories, the company said in a press release Wednesday morning.

Coquí’s facility will produce medical isotopes that diagnose and treat diseases, primarily molybdenum-99 (Mo-99), which is used in 18 million medical procedures a year in the U.S., the press release said.

The facility will provide more than 200 high-paying, permanent jobs, Coquí said. [Read more…]

Burkes Outlet to open in Oak Ridge on Thursday

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Burkes Outlet will open its new store at Main Street Oak Ridge on Thursday, April 11, 2019. (Photo by John Huotari/Oak Ridge Today)

Burkes Outlet will open its new store at Main Street Oak Ridge on Thursday, April 11, 2019. (Photo by John Huotari/Oak Ridge Today)

 

Burkes Outlet will open its new store at Main Street Oak Ridge on Thursday, April 11.

Burkes Outlet has a changing assortment of name-brand fashion, beauty, and home items at up to 70 percent off other stores’ prices, a press release said.

“From clothing and shoes for the family to unique home items to handbags, accessories, beauty items, and more, Burkes Outlet is constantly bringing in new product,” the press release said.

“We shop the competition so you don’t have to,” says Dave Alves, president of Burkes Outlet. “Our buyers are constantly in market looking for one-of-a-kind buys and excess inventory. We negotiate deep discounts with manufacturers all over the world, which translates into huge savings for our customers. We love surprising our customers. It’s all about the treasure hunt. That’s why when you see something you love, you have to grab it fast.” [Read more…]

City estimates monthly revenue loss for Main Street delay at about $100,000

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Most of Main Street Oak Ridge is pictured above in this proposed plan from Nov. 29, 2018.

Most of Main Street Oak Ridge is pictured above in this proposed plan from Nov. 29, 2018.

 

The city has estimated about a $100,000 revenue loss per month for each month that the next phase of the Main Street Oak Ridge project is delayed.

Oak Ridge City Manager Mark Watson provided the rough estimate of probable sales tax revenues per month, based on “quick calculations,” to the Oak Ridge Industrial Development Board on Monday and League of Women Voters of Oak Ridge on Tuesday.

The project was delayed in January when the Oak Ridge City Council voted 4-3 in its second and final vote to reject a revised plan that had been drafted as the developer, RealtyLink, prepared to welcome a second wave of tenants to the 58-acre site.

It hasn’t been clear since then what might happen next or whether there will still be a second phase.

But on Monday, Watson said he has talked to RealtyLink, and on Tuesday, he said, “I think we will see a re-submittal.” [Read more…]

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