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Mall TIF could be worth $13 million, last 20 years

Posted at 2:56 pm October 24, 2013
By John Huotari Leave a Comment

Oak Ridge Mall Concept Plan Featured

The proposed tax financing agreement to help redevelop the Oak Ridge Mall could be worth up to $13 million and last 20 years, and when complete, the 60-acre site in the center of the city could include a mix of mostly retail and some office space, a hotel, and up to 50 multi-family residential units.

The proposed tax financing agreement to help redevelop the Oak Ridge Mall could be worth $13 million and last 20 years, and when complete, the 60-acre project in the center of the city could include a mix of mostly retail and some office space, a hotel, and up to 50 multi-family residential units.

The developer, C4 Investments LLC of North Carolina, could spend more than $85 million converting what is now a mostly empty enclosed mall into an open-air, retail-driven, mixed-use property.

The redevelopment plan calls for about 400,000 square feet of retail space and roughly 60,000 to 100,000 square feet of office space, according to an economic impact plan to be discussed at a public hearing at 5 p.m. today (Thursday) and considered during a special meeting of the Oak Ridge Industrial Development Board. [Read more…]

Filed Under: Anderson County, Business, Government, Oak Ridge, Oak Ridge, Top Stories, Uncategorized Tagged With: Anderson County Commission, C4 Investments LLC, hotel, Oak Ridge City Council, Oak Ridge Industrial Development Board, Oak Ridge Mall, office, public infrastructure, redevelopment, residential, retail, site development, tax financing, tax increment financing, TIF

Oak Ridge Chamber will lay off some workers, Economic Partnership to become dormant

Posted at 9:30 pm June 24, 2013
By John Huotari 15 Comments

Oak Ridge Chamber of Commerce

The Oak Ridge Chamber of Commerce will lay off some employees, and its support corporation, the Oak Ridge Economic Partnership, will become dormant.

Its funding has been cut, and the Oak Ridge Chamber of Commerce is laying off some employees, an official said Monday.

It will be a smaller organization, and the Chamber’s support corporation, the Oak Ridge Economic Partnership, will become dormant, its work absorbed by the Chamber, said Parker Hardy, president and chief executive officer of the Oak Ridge Chamber of Commerce.

Hardy declined to name the employees who will be laid off or say how many workers might be affected, although he said the information could be shared later. [Read more…]

Filed Under: Business, Government, Oak Ridge, Oak Ridge, Top Stories Tagged With: commercial, contract, Elisabeth Brown, funding, industrial, Innovation Valley, Kathy Barber, Kim Denton, marketing, Oak Ridge Chamber of Commerce, Oak Ridge City Council, Oak Ridge Economic Partnership, Oak Ridge Industrial Development Board, office, Parker Hardy, retail

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Classifieds

Public Notice: Comment period extended for Draft EA for Lithium Processing Facility at Y-12

EXTENSION OF THE COMMENT PERIOD FOR THE DRAFT ENVIRONMENTAL ASSESSMENT FOR THE LITHIUM PROCESSING … [Read More...]

Public Notice: Draft Environmental Assessment Available for Lithium Production Facility at Y-12

AVAILABILITY OF THE DRAFT ENVIRONMENTAL ASSESSMENT FOR THE LITHIUM PROCESSING FACILITY AT THE Y-12 … [Read More...]

Availability of the Final Environmental Assessment for the Oak Ridge Enhanced Technology and Training Center (ORETTC) (DOE/EA-2144), Finding of No Significant Impact, and Wetland Statement of Findings

The U.S. Department of Energy (DOE) National Nuclear Security Administration (NNSA) announces the … [Read More...]

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