The National Nuclear Security Administration has purchased the LeMond Carbon building at Horizon Center in west Oak Ridge. The building is pictured above in August 2016.
Note: This story was updated at 9:45 a.m. Dec. 30 to correct that the building has been purchased.
The National Nuclear Security Administration has purchased a building in west Oak Ridge that has been the site of two major industrial announcements, one by CVMR and the other by LeMond Composites. Both projects had promised at least $125 million in investments and hundreds of jobs, but neither has proceeded as expected.
In the five or six years since those announcements, there have been few signs of activity at the facility when Oak Ridge Today has stopped by, although company executives have held out hope, when contacted, that their projects could still proceed.
The LeMond Carbon Facility is on Palladium Way at Horizon Center. The NNSA plans to use the building for the development organization at the Y-12 National Security Complex in Oak Ridge.
The sale price was $6.9 million, and the NNSA had 18 months to buy the building under an option-to-purchase agreement, the first of its kind for the agency. The sale was completed December 15. The NNSA is part of the U.S. Department of Energy, and it maintains the nation’s nuclear weapons stockpile, among other activities.
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The National Nuclear Security Administration has purchased the LeMond Carbon building at Horizon Center in west Oak Ridge. The building is pictured above in August 2016.
Note: This story was updated at 9:45 a.m. Dec. 30 to correct that the building has been purchased.
The National Nuclear Security Administration has purchased a building in west Oak Ridge that has been the site of two major industrial announcements, one by CVMR and the other by LeMond Composites. Both projects had promised at least $125 million in investments and hundreds of jobs, but neither has proceeded as expected.
In the five or six years since those announcements, there have been few signs of activity at the facility when Oak Ridge Today has stopped by, although company executives have held out hope, when contacted, that their projects could still proceed.
The LeMond Carbon Facility is on Palladium Way at Horizon Center. The NNSA plans to use the building for the development organization at the Y-12 National Security Complex in Oak Ridge.
The sale price was $6.9 million, and the NNSA had 18 months to buy the building under an option-to-purchase agreement, the first of its kind for the agency. The sale was completed December 15. The NNSA is part of the U.S. Department of Energy, and it maintains the nation’s nuclear weapons stockpile, among other activities.
The rest of this story is available if you are a member: a subscriber, advertiser, or contributor to Oak Ridge Today. Already a member? Great! Thank you! Sign in here. Not a member? No problem! Subscribe here: 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
If you prefer to send a check, you may do so by mailing one to: Oak Ridge Today P.O. Box 6064 Oak Ridge, TN 37831 We also have advanced subscription options. You can see them here. We also accept donations. You can donate here. A donation of $50 or more will make you eligible for a subscription. Thank you for reading Oak Ridge Today. We appreciate your support!
