Oak Ridge Today

New China Palace waterfront lease extended through Labor Day

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New China Palace Restaurant

The New China Palace on Melton Lake Drive has been granted a three-month lease extension on this city-owned waterfront site through Labor Day. The restaurant plans to re-open later this year on Central Avenue.

The New China Palace restaurant has been given a three-month lease extension that will allow it to stay on the Oak Ridge waterfront through Labor Day.

It’s expected to be the last lease extension for New China Palace at the city-owned property at Melton Lake Park. The restaurant received one other three-month extension that started in March and runs through the end of May.

The restaurant plans to re-open later this year at the former Village Restaurant property on Central Avenue.

On Thursday, Oak Ridge Economic Development Consultant Ray Evans said Tony Cappiello, who owns the Central Avenue property, has a final architectural review for the proposed new restaurant today and could submit site plans on Monday. [Read more…]

City board recommends tax break for Alexander Inn project

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Note: This story was updated at 11:16 p.m.

An Oak Ridge board has endorsed a 90 percent, 10-year tax break for a project to convert the vacant, run-down Alexander Inn into an assisted living center.

The Oak Ridge Industrial Development Board recommended the tax break, officially known as a payment-in-lieu-of-taxes agreement, in a 6-0 vote during a special meeting Thursday. It will now be considered by Oak Ridge City Council on Oct. 22.

Even with the temporary tax break, Oak Ridge and Anderson County will continue to receive at least as much in property taxes as they do now, said Ray Evans, an economic development consultant for the city.

The project to redevelop the two-story hotel on three acres in Jackson Square has been proposed by Family Pride Corp. of Loudon and InSite Development Corp. of Knoxville.

Construction of the $4.5 million, 60-unit assisted living center could take roughly a year.

The payment-in-lieu-of-taxes agreement, or PILOT, could help with public improvements that include a new road for cars that now drive through the Alexander Inn property, relocation of a storm sewer under the building, environmental remediation, building stabilization, and code compliance. Family Pride has said the project is not economically feasible without the tax break.

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Oak Ridge mall owner focuses on one buyer, no sale date announced

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Oak Ridge City Center

The Oak Ridge City Center, pictured at center above, is for sale and the owners say they are working with potential buyers, although no sale date has been set.

Local officials have announced a few different timelines and deadlines for the redevelopment of the Oak Ridge Mall since April, but the company that owns the property last week declined to set a specific sale deadline.

“We are working diligently with buyers, and there will be an announcement forthcoming,” said Steve Arnsdorff, chief manager of Oak Ridge City Center LLC, which owns the mall.

Mall owners are focused on one buyer, Arnsdorff said during an interview last week.

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Council approves tourism, economic development contracts

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The Oak Ridge City Council on Monday unanimously approved $450,000 worth of tourism and economic development contracts.

The city’s tourism agency, the Oak Ridge Convention and Visitors Bureau, got a slight increase in city funding compared to last year. Its new one-year contract is worth up to $410,000, up from a maximum of about $404,000 last year.

The second contract, valued at $42,000, is with economic development consultant Ray Evans.

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Oak Ridge city manager asks for tuition reimbursement

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Mark Watson

Mark Watson

Oak Ridge City Manager Mark Watson has asked the city to reimburse him for tuition and textbooks as he pursues a doctorate at the University of Tennessee.

In exchange, Watson would have to earn at least a “B” average and continue working for the city for three years after he finishes his classwork. If he leaves before then, he would have to repay the city.

Watson is studying political science, with a concentration in public administration.

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