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Follow-up: AC Commission concurs with city’s mall TIF extension

Posted at 7:40 am November 4, 2014
By John Huotari Leave a Comment

Oak Ridge Village Area Rendering

Note: This story was updated at 10:02 a.m.

County’s part of agreement does not change

The Oak Ridge City Council has agreed to add another 10 years to the agreement that will be used to help redevelop the former Oak Ridge Mall, and during its regular meeting in October, the Anderson County Commission concurred with the change.

There were no objections, and the Commission’s concurrence with the city’s 10-year extension of the tax increment financing, or TIF, passed 15-0. The city’s portion of the TIF has been extended from 20 years to 30, and the county’s remains unchanged at 20.

The city’s TIF extension had also been approved by the Oak Ridge Industrial Development Board, and the County Commission concurred with that change as well.

Ray Evans, retail consultant for the City of Oak Ridge, told commissioners that Crosland Southeast, the North Carolina firm that has proposed the redevelopment, could close on the property at the end of the year. Demolition could start in the first quarter of 2015, and retailers could have space in the redeveloped 59-acre site by mid-2016, Evans said.

“We think we’re very close to getting across the finish line,” Evans said. [Read more…]

Filed Under: Anderson County, Business, Government, Oak Ridge, Top Stories Tagged With: Anderson County Commission, Anderson County Operations Committee, Belk, City of Oak Ridge, Comptroller of the Treasury, Crosland Southeast, JCPenney, Main Street—Oak Ridge, Oak Ridge City Council, Oak Ridge Industrial Development Board, Oak Ridge Mall, Ray Evans, redevelopment, retailers, tax increment financing, Tennessee Department of Economic and Community Development, TIF, TIF extension

ThreeStar status awarded to 85 counties, including Anderson, Roane

Posted at 9:20 am August 17, 2014
By Oak Ridge Today Staff Leave a Comment

Bill Hagerty

Bill Hagerty

Submitted

93 out of 95 counties meet audit committee requirement

NASHVILLE—The Tennessee Department of Economic and Community Development on Thursday announced that 85 out of 95 counties, including Anderson and Roane, have been awarded ThreeStar status. In addition, since the ThreeStar community development program began requiring eligible communities to create and maintain a County Audit Committee in January 2013, the number of counties with Audit Committees has increased substantially. As of March 2013, there were 32 audit committees around the state; as of July 2014, there are 93.

“The ThreeStar program is a vital component to our state’s overall level of success, providing counties with a proven roadmap for continued economic and community strength, which in turn helps Tennessee win new investment and jobs,” Economic and Community Development Commissioner Bill Hagerty said. “Tennessee has been recognized as the number one state in the nation for economic development, and these audit committees support Governor Haslam’s overarching goal of making Tennessee the most efficiently run state on every level. I congratulate all of our ThreeStar counties and those communities who are taking the initiative to create Audit Committees and work toward achieving fiscal strength and efficient government.”

The Audit Committees are designed to help each county improve their financial management and reporting practices, and help ensure the implementation of good internal controls to prevent or detect fraud, a step towards achieving fiscal strength and efficient government. [Read more…]

Filed Under: Anderson County, Business, Front Page News, Government, Roane County, State, Tennessee Tagged With: Audit Committee, Bill Hagerty, Bill Haslam, community development, Comptroller of the Treasury, economic development, Five Pillars, governor, Justin P. Wilson, Tennessee, Tennessee Department of Economic and Community Development, ThreeStar, ThreeStar status, TNECD

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Classifieds

Public Notice: NNSA announces no significant impact of Y-12 Development Organization operations at Horizon Center

AVAILABILITY OF THE FINAL ENVIRONMENTAL ASSESSMENT FOR THE OFFSITE HOUSING OF THE Y-12 DEVELOPMENT … [Read More...]

ADFAC seeks contractors for five homes

Aid to Distressed Families of Appalachian Counties (ADFAC) is a non-profit community based agency, … [Read More...]

Public notice: Draft environmental assessment for Y-12 Development Organization at Horizon Center

AVAILABILITY OF THE DRAFT ENVIRONMENTAL ASSESSMENT FOR THE OFFSITE HOUSING OF THE Y-12 DEVELOPMENT … [Read More...]

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