Oak Ridge Today

Power to TRISO at Horizon could cost $13 million

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This map shows the potential route of 69-kilovolt overhead power lines for the TRISO-X nuclear fuel facility at Horizon Center in west Oak Ridge, starting at the substation (SUB) on the south side of Highway 95/58 (lower right), continuing up Novus Drive (center right), crossing onto Horizon Center land, and then running east (to the right) on the back side of Site 6 (open area at upper right).

Building a new substation and electrical lines to supply power to a nuclear fuel company could cost $13 million, Oak Ridge officials said in December.

The nuclear fuel company, TRISO-X, needs about 32 to 35 megawatts of electricity at Horizon Center in west Oak Ridge. That would make the company the city’s biggest electrical customer. (Oak Ridge National Laboratory and Y-12 National Security Complex get most of their power directly from Tennessee Valley Authority.)

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For members: Chinns part of apartment project on former AMSE site

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AMSE-Site-Feb-11-2020
The former American Museum of Science and Energy is pictured above on South Tulane Avenue on Tuesday, Feb. 11, 2020. (Photo by John Huotari/Oak Ridge Today)

Note: This story was last updated at 10 p.m.

Oak Ridge Mayor Pro Tem Rick Chinn and his brother Ryan are minority partners in the project to build apartments at the former American Museum of Science and Energy site.

 
AMSE-Site-Feb-11-2020

The former American Museum of Science and Energy is pictured above on South Tulane Avenue on Tuesday, Feb. 11, 2020. (Photo by John Huotari/Oak Ridge Today)

 

Oak Ridge Mayor Pro Tem Rick Chinn and his brother Ryan are minority partners in the project to build apartments at the former American Museum of Science and Energy site.

Rick Chinn, a developer, said this month that the project will bring much-needed apartments to the city, allowing more people who work in Oak Ridge to live here. The apartments are being built as RealtyLink, a South Carolina developer, plans to build more new stores across South Tulane Avenue at Main Street Oak Ridge, the redevelopment of the former Oak Ridge Mall.

Now called Main Street Lofts, the apartment project has included an agreement to reduce property taxes and the transfer of what had been federal property from the U.S. Department of Energy to the city and then to a developer. It will include the demolition of the former AMSE building. It is expected to include seven three-story buildings with 226 apartment units on 10 acres.

Rick Chinn and his father, Richard Chinn, a member of the Oak Ridge Industrial Development Board, have been abstaining from votes related to the apartment project for at least a year.

They have not been required to explain their abstentions, but Oak Ridge Today has asked Rick and Richard Chinn why they have been abstaining.

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IDB approves tax abatement as MCLinc plans to build at Horizon Center

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Barry Stephenson, president and chief executive officer of MCLinc, discusses the analytical testing laboratory's plan to build a 29,000-square-foot building at Horizon Center during an Oak Ridge Industrial Development Board meeting on Monday, Oct. 2, 2017. (Photo by John Huotari/Oak Ridge Today)

Barry Stephenson, president and chief executive officer of MCLinc, discusses the analytical testing laboratory’s plan to build a 29,000-square-foot building at Horizon Center during an Oak Ridge Industrial Development Board meeting on Monday, Oct. 2, 2017. (Photo by John Huotari/Oak Ridge Today)

  A city board on Monday approved a six-year, 50 percent property tax abatement for a company that plans to move from Heritage Center, the former K-25 site, to Horizon Center, a few miles northeast. MCLinc is now in Building K-1006 at Heritage Center, which is also known as East Tennessee Technology Park. A conference center at ETTP’s main entrance is leased for special events, and MCLinc has the next building on the right. It’s been home to a laboratory since 1965. MCLinc (Materials and Chemistry Laboratory) has been there since 1998, when the company started. But the building is owned by the U.S. Department of Energy, and it is slated for demolition, said Barry Stephenson, MCLinc president and chief executive officer. Attempts to acquire the building have not panned out, Stephenson told the Oak Ridge Industrial Development Board on Monday. Three years ago, the company, an analytical testing laboratory, received notice that they have to move, Stephenson said. He told the IDB that MCLinc has to be out of the building by September 2018. [Read more…]

Report: Car runs red light, hits truck, which crashes into building

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Car Crash at Oak Ridge Turnpike and Florida Avenue

A two-car collision at Oak Ridge Turnpike and Florida Avenue on Friday, December 26, caused a 2012 Nissan pickup truck to crash into this two-story building south of the Turnpike. (Photos by Daniel Powers)

 

The driver of a four-door sedan allegedly ran a red light at Florida Avenue and Oak Ridge Turnpike last week and hit a pickup truck that then crashed into the side of a two-story commercial building, authorities said.

The driver of the car, Geary Q. McPeters, 59, of Oak Ridge, was taken by ambulance to Methodist Medical Center with possible injuries, an Oak Ridge Police Department report said.

ORPD Patrolman Kevin Merritt said McPeters was driving a 1996 Oldsmobile four-door sedan south on Florida Avenue at about 8:35 p.m. Friday, December 26, when he didn’t stop at a red traffic light on Oak Ridge Turnpike and collided with a 2012 Nissan pickup truck being driven east on the Turnpike by Ted M. Chapman, 73, of Sevierville. [Read more…]

Mall project clears critical hurdle Monday

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Oak Ridge Village Area Rendering

 

Tim Sittema

Tim Sittema

Council, IDB approve TIF extension, grant, roadway work

The proposed redevelopment of the Oak Ridge mall cleared a critical hurdle on Monday when city officials agreed to extend a property tax agreement for the 59-acre project, authorize $2 million in roadway and other infrastructure work, and offer a $500,000 grant if some federal funding is not approved.

Officials 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.

Monday’s moves were meant to reduce the risk for four local lenders that could combine to offer $13 million in loans to part of the redevelopment under a tax increment financing, or TIF, agreement. That incentive would use new property tax revenues generated at the mall site and 120 surrounding acres included in the TIF area to repay those loans. Officials said the loans could be repaid in 18 years, according to financial models.

David Bradshaw

David Bradshaw

But in two separate special meetings on Monday, the Oak Ridge Industrial Development Board and Oak Ridge City Council agreed to extend the TIF term from 20 years to 30. That extra 10 years is meant to act as a “shock absorber” and help make sure that the banks are repaid if there is a “glitch” in the project that would push the repayment past the previously approved 20-year term, officials said.

“This is not a ‘home run’ project for us as financial institutions,” said David R. Bradshaw, Oak Ridge president of CapitalMark Bank and Trust, one of the financial institutions that could participate. But, he added, “It is the right thing to do for the community.” [Read more…]

IDB endorses professional services contract with Chamber

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The Oak Ridge Chamber of Commerce could provide an office for the Industrial Development Board, store its files, prepare its meeting minutes and agendas, and take care of its accounting under a proposal endorsed Monday.

The Chamber would do the work for $25,000 per year, IDB Chair David Wilson told board members. [Read more…]