Oak Ridge Today

Anderson committee to consider tax agreement for OR mall redevelopment

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Oak Ridge Village Area Rendering

 

It’s already been approved by the Oak Ridge City Council, and a 10-year extension of the $13 million tax agreement that could be used to help redevelop the former Oak Ridge Mall will next be considered by Anderson County officials.

The agreement will be considered by the Anderson County Operations Committee on Monday evening. It could then be considered by the full Anderson County Commission later this month.

Like Oak Ridge officials, Anderson County officials will consider extending the tax agreement for the 59-acre project by 10 years—from 20 years to 30.

Officials have described the proposed redevelopment, named Main Street Oak Ridge, as an $80 million project that could fill a “hole in the heart” of Oak Ridge, bring new retail life to the city’s downtown, and build a lasting legacy. [Read more…]

Oak Ridge receives $3 million state wastewater loan

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City of Oak Ridge Seal

Tennessee awards more than $8.2 million in low-interest water, wastewater construction loans

NASHVILLE—Tennessee Gov. Bill Haslam and Department of Environment and Conservation Commissioner Bob Martineau on Tuesday announced that one community and one utility district have been approved to receive more than $8.2 million in low-interest loans for water and wastewater infrastructure improvements.

Oak Ridge received a $3 million state wastewater loan.

“It’s great to see local governments using this important program to help address critical drinking water and wastewater needs,” Haslam said in a press release. “Making these infrastructure improvements will benefit the health of these communities and economic growth.” [Read more…]

Guest column: Let’s work hard rather than ‘rubber stamping’ water, sewer debt

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We are only a few days into 2013 and most of us have discovered that we will have to make do with less this year. Before January ends, Oak Ridgers will realize that fact again when they receive their water and sewer bills, which will reflect the second rate hike since last May.

But before you have a chance to see your newly increased bill, Oak Ridge City Council may take an action that will cause your rates to rise a third time before 2013 ends. On Jan. 14, City Council will vote whether or not to apply for two state loans totaling $18 million. This debt, in addition to a large portion of the $15 million issued since September 2011, will pay for work affiliated with a U.S. Environmental Protection Agency administrative order that requires the city to stop sewer overflows.

All $33 million borrowed will be paid by Oak Ridgers through multiple increases in your water and sewer rates. The amount of those increases is not determined until after each round of debt is issued. In other words, the city first borrows on your behalf and then determines how much it will charge you without consideration for your ability to pay.

[Read more…]