IDB Archives - Oak Ridge Today

General Assembly approves bill that would establish CROET as ETTP manager

Posted at 4:35 pm April 21, 2017
By John Huotari Leave a Comment

The East Tennessee Technology Park, now known as Heritage Center in west Oak Ridge, is pictured above in this aerial photo from 2015. The large building that extends from left to right at left-center is the former K-27 Building, where demolition work was completed in August 2016. (Photo courtesy CROET)

The Tennessee General Assembly has approved legislation that would establish the Community Reuse Organization of East Tennessee, or CROET, as the manager of the 1,300-acre East Tennessee Technology Park in west Oak Ridge, a press release said.

The legislation was sponsored by Tennessee Senator Ken Yager and Representative Kent Calfee, both Kingston Republicans. It has been sent to Tennessee Governor Bill Haslam for his signature.

East Tennessee Technology Park, or ETTP, is also known as Heritage Center and the former K-25 site. It once housed the K-25 Gaseous Diffusion Plant, which was built during World War II as part of the Manhattan Project. That was a top-secret federal program to build the world’s first atomic weapons, before Germany could.

The ETTP site, once used to enrich uranium, is slowly being cleaned up. K-25 operations ended in 1985, and the site was permanently shut down in 1987. Now, it is being slowly converted into a large industrial park. Proponents hope it will become one of East Tennessee’s prime locations for new industry, the press release said.

CROET President Lawrence Young said the state legislation “is the latest step in efforts by the Department of Energy and CROET to reindustrialize the former K-25 site and help diversify the region’s economy.” [Read more…]

Officials celebrate sale of DOE land to IDB, which sold to Protomet, for economic development

Posted at 10:11 am December 6, 2016
By Oak Ridge Today Staff 2 Comments

Protomet Corporation is pictured above in the Bethel Valley Industrial Park in south Oak Ridge on Tuesday, Nov. 22, 2016. (Photo by John Huotari/Oak Ridge Today)

Officials are celebrating the sale of federal land east of Oak Ridge National Laboratory that could be used to help an industrial company expand.

The 20-acre parcel had been owned by the U.S. Department of Energy in Oak Ridge. The property is adjacent to the Bethel Valley Industrial Park in south Oak Ridge and west of Protomet. The company had sought the property for a planned expansion.

The parcel was sold to the Oak Ridge Industrial Development Board, or IDB, on October 20.

The IDB, which served as a conduit, then sold the land to Protomet. The company is evaluating the site as one option as it plans for a $30 million expansion that could add 200 jobs over a five-year period. [Read more…]

After acquiring more land, Protomet evaluating Oak Ridge for $30 million expansion

Posted at 1:49 pm November 23, 2016
By John Huotari Leave a Comment

Protomet Corporation is pictured above in the Bethel Valley Industrial Park in south Oak Ridge on Tuesday, Nov. 22, 2016. (Photo by John Huotari/Oak Ridge Today)

Jeff Bohanan

Protomet Corporation has purchased about 20 acres of former federal land on Bethel Valley Road in south Oak Ridge, and the company is evaluating that property as one option as it plans for a $30 million expansion that could add 200 jobs over a five-year period.

On Tuesday, Protomet founder and Chief Executive Officer Jeff Bohanan said the company prefers to stay in Oak Ridge, but there is no guarantee. The 19.47-acre parcel on Bethel Valley Road will have to be cut and filled, and drainage will have to be redirected, Bohanan said. It’s not clear yet how much that work might cost.

Protomet needs about 100,000 square feet for its expansion, which was announced in February. Protomet now has 70 workers in a 40,000-square-foot building on eight acres, so the company could more than triple in size.

“The new facility will dramatically increase Protomet’s capacity and capabilities for the customers it serves,” Bohanan said. “We have already started purchasing equipment for the new facility, and some of it is already in use at our current facility.”

Protomet bought the Bethel Valley Road land from the Oak Ridge Industrial Development Board for $103,000 on October 20. The property, which was previously owned by the U.S. Department of Energy, is west of Protomet and east of Oak Ridge National Laboratory.

“This is a big step in our ability to evaluate this site as an option,” Bohanan said. [Read more…]

Main Street: Ready to close by end of June, AMSE property the one remaining hurdle

Posted at 5:22 pm June 9, 2016
By John Huotari 25 Comments

The American Museum of Science and Energy property is pictured above in central Oak Ridge. The wide road running vertically at center-right through the aerial photo is South Tulane Avenue. The proposed Main Street Oak Ridge would be on the right side of South Tulane Avenue at the former Oak Ridge Mall. The road running horizontally at bottom is South Illinois Avenue. AMSE is the brown-roofed building at top-center.

Note: This story was last updated at 8 p.m. June 13.

RealtyLink, the developer that has proposed redeveloping the former Oak Ridge Mall, says it is ready to close on the roughly 60-acre site by the end of June and start construction immediately, but there is one last hurdle: The company is concerned about any redevelopment of the property across the street at the American Museum of Science and Energy that could compete with its proposed project, known as Main Street Oak Ridge.

So, RealtyLink has asked that, if the federal government wants to dispose of the AMSE property at some point in the future, the city would negotiate with the U.S. Department of Energy through the General Services Administration to either have the property transferred to the city, or allow RealtyLink to negotiate directly with DOE and GSA for a property transfer.

The Oak Ridge City Council will consider a resolution allowing the city manager to start the negotiations, should they become necessary, during a meeting on Monday, June 13.

So far, DOE and GSA have not publicly announced plans to dispose of the 17.12 acres in and around AMSE. But there have been public discussions about what to do with the property during the past 15 years or so. DOE has said it is not in the museum business. [Read more…]

Protomet announces $30 million, 200-job expansion, but moving is an option

Posted at 11:49 am February 2, 2016
By John Huotari Leave a Comment

Protomet Corporation on Tuesday, Feb. 2, 2016, announced a $30 million, 200-job expansion, but the landlocked company could move to another county—or even another state. Pictured above is Protomet production associate Walt Weaver. (Photo by John Huotari/Oak Ridge Today)

Note: This story was last updated at 11:35 a.m. Feb. 3.

Protomet Corporation on Tuesday announced a $30 million, 200-job expansion, but the landlocked company could move to another county—or even another state.

Protomet is now located in the Bethel Valley Industrial Park in south Oak Ridge.

The company hopes to break ground on the 100,000-square-foot expansion in June and plans to add 200 new jobs during the next five years. Protomet now has 70 workers in a 40,000-square-foot building on eight acres, so the company would more than triple in size.

Besides staying put, Protomet is also looking at sites in Roane County (the Horizon Center in west Oak Ridge), Loudon and Monroe counties, and South Carolina. The company is looking at some tracts of land outside Anderson County that are more than 25 acres. Protomet needs about 25-30 acres for the expansion, and right now, it doesn’t have it. [Read more…]

Mall demolition could start end of Nov., eight new stores could open by Christmas 2016

Posted at 4:52 pm October 19, 2015
By John Huotari Leave a Comment

Demolition work at the former Oak Ridge Mall could start at the end of November at the former Sears store, and eight new stores could open at the redeveloped 60-acre site by Christmas 2016, officials said Monday. (Photo by John Huotari/Oak Ridge Today)

Note: This story was last updated at 6:55 p.m.

RealtyLink, the new master developer announced in September, has been looking at the mostly vacant shopping center in the heart of Oak Ridge since 2009. They replace Crosland Southeast, which had been working on the $80 million redevelopment project for more than two years.

RealtyLink, which is based in Greenville, South Carolina, hopes to close on the property, which is now owned by Oak Ridge City Center LLC, at the end of November.

A demolition permit has already been issued, but it’s not in RealtyLink’s name. [Read more…]

With new developer at work, AC to consider amendment to Oak Ridge mall economic plan

Posted at 10:22 am October 12, 2015
By John Huotari 2 Comments

The Oak Ridge City Center, which could be redeveloped as a multi-use town center known as Main Street, is pictured above. Also known as the former Oak Ridge Mall, the L-shaped building is at center. The white building at center left is Walmart, and it is not part of the proposed redevelopment. Neither is the white building at center top, the Tinseltown Theater. (Photo by John Huotari/Oak Ridge Today)

The Anderson County Operations Committee on Monday night will consider an amendment to the economic impact plan for the Oak Ridge Mall economic development area. Officials have said some minor changes would be required after a new master developer become involved in the redevelopment of the former mall.

The Oak Ridge City Council and Industrial Development Board are also expected to consider some minor changes to the mall-related documents. The IDB has a special-called meeting on October 19.

The Anderson County Operations Committee meets at 6 p.m. Monday, October 12, in Room 312 of the Anderson County Courthouse in Clinton. The Committee is expected to forward a recommendation on the amended economic impact plan to the Anderson County Commission for its October 19 meeting. [Read more…]

IDB to consider financing-related resolution for Main Street Oak Ridge on Monday

Posted at 11:37 pm August 19, 2015
By John Huotari 7 Comments

The Oak Ridge Industrial Development Board will consider a financing-related resolution for Main Street Oak Ridge during a special meeting on Monday. Main Street Oak Ridge would redevelop the former Oak Ridge Mall, the L-shaped structure pictured at center above. (Photo by John Huotari/Oak Ridge Today)

The Oak Ridge Industrial Development Board will consider a financing-related resolution for Main Street Oak Ridge during a special meeting on Monday.

The resolution would approve documentation related to the tax increment financing, or TIF, for Main Street Oak Ridge. The $13 million, 30-year TIF agreement would use new property tax revenues generated within the economic impact area to assist in the redevelopment.

The special IDB meeting starts at 4 p.m. Monday, August 24, in the Oak Ridge Municipal Building Training Room. [Read more…]

Crete Carrier named Industry of Year in Roane, Sound Aviation gets Beautification Award

Posted at 11:16 pm August 1, 2015
By Oak Ridge Today Staff Leave a Comment

Roane IDB Industry of the Year Crete Carrier

Crete Carrier Award: Pictured above are Wade Creswell, left, of The Roane Alliance, James Owens of JR Global Manufacturing, and Jeff Hazlewood of Crete Carrier. (Photo courtesy Roane Alliance)

The Roane County Industrial Development Board has named Crete Carrier Corporation as Industry of the Year and presented a Beautification Award to Sound Aviation.

The IDB recognizes an industry each year for providing outstanding leadership in Roane County, a press release said.

“In addition, the Roane Beautification Award is given annually to an industry that demonstrates a strong sense of community pride and a standard of excellence through the presentation of their facilities on a consistent basis,” the release said. [Read more…]

Companies contributing $500K to Main Street Oak Ridge wanted to help

Posted at 6:17 pm July 3, 2015
By John Huotari 3 Comments

Ray Evans

Note: This story was last updated at 7 p.m.

The six companies contributing $500,000 for public infrastructure at Main Street Oak Ridge approached the city and volunteered to help, a consultant said Friday.

The companies are Methodist Medical Center; Oak Ridge Associated Universities; UCOR, a federal cleanup contractor; Restoration Services Inc., a cleanup contractor; Consolidated Nuclear Security, which manages and operates Y-12 National Security Complex; and UT-Battelle, which operates and manages Oak Ridge National Laboratory.

The companies understand how important the project is to the city and to them, said Ray Evans, retail consultant for the City of Oak Ridge.

“They approached us and said, ‘How can we help?'” Evans said. “They just want to ensure the success of this project.” [Read more…]

Six employers pledge $500,000 for Main Street Oak Ridge infrastructure

Posted at 12:53 pm July 3, 2015
By John Huotari 4 Comments

Warren Gooch

Six Oak Ridge employers have pledged $500,000 to support public infrastructure at Main Street Oak Ridge, the $80 million redevelopment of the former Oak Ridge Mall.

Officials said it shows unprecedented community support for the project.

The six companies are Methodist Medical Center; Oak Ridge Associated Universities; UCOR, a federal cleanup contractor; Restoration Services Inc., a cleanup contractor; Consolidated Nuclear Security, which manages and operates Y-12 National Security Complex; and UT-Battelle, which operates and manages Oak Ridge National Laboratory.

“All Oak Ridgers realize the successful development of the Main Street town center project is of critical importance not only to the citizens of the City of Oak Ridge and the business community but to the region in general,” Oak Ridge Mayor Warren Gooch said. “We appreciate these great corporate citizens stepping up the plate to help make Main Street Oak Ridge a reality.”

Tim Sittema

Project executives said critical final decisions are being made on the ramp-up to the project.

The relocation and reconstruction of public infrastructure such as Wilson Street and the two Main Streets are key elements of the project and the Oak Ridge City Council and the Industrial Development Board have pledged $1.5 million toward these improvements. According to the city’s consultants, costs will exceed this amount, so the corporate pledges are a welcomed addition to the development’s financial backing, a press release said.

[Read more…]

IDB meets Feb. 2

Posted at 12:14 pm February 2, 2015
By John Huotari Leave a Comment

The Oak Ridge Industrial Development Board will meet at 4 p.m. Monday, February 2, in the Municipal Building Training Room.

See the agenda here: IDB Agenda for February 2, 2015.