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UT-Battelle Development Corp. contributes $500,000 for proposed airport

Posted at 12:20 pm March 22, 2021
By John Huotari Leave a Comment

Pictured above is Jeff Smith, president of UT-Battelle Development Corporation and vice chair of the Metropolitan Knoxville Airport Authority. (Photo courtesy City of Oak Ridge)

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…]

Filed Under: Business, Business, Front Page News, Government, Oak Ridge, Oak Ridge, Oak Ridge National Laboratory, Slider, U.S. Department of Energy Tagged With: airport, City of Oak Ridge, Jeff Smith, Mark Watson, Oak Ridge airport, Oak Ridge City Council, Oak Ridge National Laboratory, Thomas Zacharia, UT-Battelle, UT-Battelle Development Corporation, Warren Gooch

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