• About
    • About Us
    • What We Cover
  • Advertise
    • Advertise
    • Our Advertisers
  • Contact
  • Donate
  • Send News
  • Subscribe

Oak Ridge Today

  • Home
  • Sign in
  • News
    • Business
    • Community
    • Education
    • Government
    • Health
    • Police and Fire
    • U.S. Department of Energy
    • Weather
  • Sports
    • High School
    • Middle School
    • Recreation
    • Rowing
    • Youth
  • Entertainment
    • Arts
    • Dancing
    • Movies
    • Music
    • Television
    • Theater
  • Premium Content
  • Obituaries
  • Classifieds




Guest column: Won’t support tax increase, urges residents to prevent further waste

Posted at 11:51 am July 9, 2015
By Trina Baughn 15 Comments

Trina Baughn

Trina Baughn

Sixteen years ago, Partners for Progress successfully lobbied the city to spend over $15 million of your (the taxpayer) money to launch a major development on the West End of Oak Ridge. The promises were enough to make people starry eyed. There was to be a picturesque subdivision of nearly 4,000 homes along with an industrial complex that, when all was said and done, would produce 17,000 jobs, $1 billion in payroll, and nearly $13 million in additional annual property taxes.

Three years ago, many of the same folks behind Partners for Progress began a similar PR campaign touting the sale and redevelopment of the mall. “More shopping choices are coming!” they proclaimed. To date, the city has approved the use of $1.5 million of your money for infrastructure costs and a $13 million TIF (tax increment financing), which will  suppress property tax revenue at current levels for the next 30 years. In other words, no matter what happens, the 64 acres will continue, as it has for the last decade, to produce only 10 percent of its original value because any increases will be used to repay the TIF loan. Developers and city officials claim that the project will produce $1 million (or 20 percent) in additional sales tax revenue to the city, though, historically, the national retail sales growth rate range is between -11.51 percent to +11.18 percent. Even if we find a way around the notoriously stringent Wal-Mart non-compete covenants and actually bring in real retail, it is absolutely impossible to expect these projections to materialize, since, even in the best of times, we’ve not seen half that level of growth. [Read more…]

Filed Under: Guest Columns, Opinion Tagged With: Board of Education, Bob Eby, budget, Chamber of Commerce, City Council, CVMR, Leonard Abbatiello, mall, Oak Ridge, Oak Ridge City Council, Partners for Progress, PILT, property tax revenue, property taxes, Rarity Ridge, subdivision, tax abatement, tax incentives, tax increment financing, Thom Mason, TIF, Trina Baughn, USEC

Search Oak Ridge Today

Classifieds

Public Notice: NNSA announces no significant impact of Y-12 Development Organization operations at Horizon Center

AVAILABILITY OF THE FINAL ENVIRONMENTAL ASSESSMENT FOR THE OFFSITE HOUSING OF THE Y-12 DEVELOPMENT … [Read More...]

ADFAC seeks contractors for five homes

Aid to Distressed Families of Appalachian Counties (ADFAC) is a non-profit community based agency, … [Read More...]

Public notice: Draft environmental assessment for Y-12 Development Organization at Horizon Center

AVAILABILITY OF THE DRAFT ENVIRONMENTAL ASSESSMENT FOR THE OFFSITE HOUSING OF THE Y-12 DEVELOPMENT … [Read More...]

Recent Posts

  • Rocky Top woman pleads guilty to murder, sentenced to life
  • REAC/TS welcomes new team members: John Crapo, Josh Hayes and David Quillen
  • NASA Postdoctoral Program seeks early career and senior scientists for prestigious fellowships at its locations across the U.S.
  • ORAU names Brandon Criswell associate general counsel
  • Update on downtown Oak Ridge Tuesday
  • TVA has virtual open house for Clinch River Nuclear Site
  • Science and supercomputers at ORNL topic of Mar. 8 talk
  • First Presbyterian offers free meals & groceries on Mar. 10
  • Secret City Academy student charged with terrorism after alleged shooting, bomb threats
  • ORHS Masquers presents ‘Into the Woods’
A Twitter List by OakRidgeToday

Recent Comments

  • Matt Bailey on Dodson also wants to serve as mayor pro tem
  • Mark Caldwell on Dodson also wants to serve as mayor pro tem
  • Matt Bailey on Dodson also wants to serve as mayor pro tem
  • Mark Caldwell on Dodson also wants to serve as mayor pro tem
  • Matt Bailey on Dodson also wants to serve as mayor pro tem
  • Tracy Powers on Planning Commission to consider Main Street apartments, plan revisions
  • johnhuotari on Four incumbents re-elected to Oak Ridge City Council
  • Levi D. Smith on Four incumbents re-elected to Oak Ridge City Council
  • samuel hopwood on Housing: Apartments proposed on former AMSE site
  • Matt Bailey on Robin Smith named Oak Ridge police chief

About Us

About Oak Ridge Today
What We Cover

How To

Advertise
Subscribe

Contact Us

Contact Oak Ridge Today

Copyright © 2022 Oak Ridge Today