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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