The City of Oak Ridge said it has received a $500,000 contribution from the UT-Battelle Development Corporation to help with the planned airport at Heritage Center, the former K-25 site in west Oak Ridge.
The contribution is meant to provide funding that can be used to secure state and/or federal grants that require a local funding match, a city press release said.
Thomas Zacharia, president and chief executive officer of UT-Battelle and director of Oak Ridge National Laboratory, and Jeff Smith, president of UT-Battelle Development Corporation, presented the contribution to Oak Ridge City Council at its March 8 meeting. Smith is also vice chair of the Metropolitan Knoxville Airport Authority.
“I believe the presence of a new airport will be a key differentiator for this community because it supports existing trends so clearly: The airport will make Oak Ridge more attractive to companies and professionals interested in low-cost, high-quality communities with easy access to other cities,” Zacharia said, according to the press release.[Read more…]