Since 2008 the City of Alcoa has been pushing and spending to develop a city center.
The city wants to use a 252 acre site that used to be the Alcoa Aluminum Company West Plant. However, it definitely would take some time to develop since the site is "Classified as a brownfield, the site has a limited number of known environmental constraints affecting development placement."
Fourteen years later and who knows how many millions of dollars the entire project is still in the development phase.
As a positive for the city, a Texas Roadhouse is being built on the site to replace a smaller Texas Roadhouse across the street. In addition, a Food City is being built to replace an existing Food City two miles down the road. And, then there is a new apartment complex in development to add to the tax coffers?
TDOT spent millions of dollars to build "better" access to the site, which is located just south of the Alcoa Highway/Hunt Road intersection.
"City Manager Mark Johnson said land preparation will be complete once Alcoa is returned a check for $2 million and approximately 30 acres within Springbrook."
In addition, as has been said over the 14 years, tax generation, tax generation, tax generation.
"Outlined in the original agreement [from 2016], Alcoa estimated investing $8 million that ACDP (Airport Center Development Partners, LLC) would pay back over time as it sold property to developers. However, ACDP has yet to pay the city back for the $6.5 million the city spent." ... "Alcoa paved Tesla Boulevard, installed street lights, provided utility access and fronted other development costs for which ACDP would reimburse the city."
So is that $8.5 million that the City of Alcoa has spent of taxpayer monies over the past 14 years that has not realized any return? I would almost bet that the city has spent more than that.
"ACDP signed over their monetary responsibility to another company — TN Alcoa Primary, LLC.Along with the debt owed to the city, TN Alcoa Primary acquired ACDP’s remaining land assets within Springbrook Farm."
Then there is a lawsuit filed by "Plaintiff NAI Knoxville, Inc" in December, 2021, "against ACDP and other interwoven LLCs for the anticipated agreement change that materialized April 22 in Alcoa’s commission chambers." The lawsuit apparently alleges that the defendants are trying to get out of paying approximately $900,000 in "sale commissions on Springbrook Farm land."
It appears the city claims that "Three apartment complexes, a townhome community and the Mills Street houses will add 1,072 tax-assessed properties to the city." Not all of these residences will be in Springbrook Farm. However, the city has yet to explain how the increase in citizens will be managed for the school system. The Alcoa Schools are already near capacity. Is any increase in taxes going to be offset by an increase in the cost for a bigger schools system?
"The City of Alcoa originated in 1918 as the first planned community in the State of Tennessee. A planned community is any community that was carefully planned from its inception. In the original plans, Alcoa, Inc., included one acre of park space for every 100 city inhabitants."
..."a 2-acre park to be named Centennial Park is planned for the middle of Springbrook Farms. "Johnson said each greenspace project will be completed as the city has room in the budget or receives grants."
That's 2 acres of park space for 1,092 residential units, not even city inhabitants. Whereas, to keep the City of Alcoa as desirable as it is now, there should be at a minimum 11 additional acres of park space.
We can only hope that some day this project will be a success and the City of Alcoa will continue to be an asset.
|
Discussing
- Louisville, TN, town center coming soon? (1 reply)
- Alcoa Schools close for teacher shortages (1 reply)
- City of Alcoa's costly wish list for Alcoa Highway. (1 reply)
- Blount County coronavirus cases at 39,189 as of 4/23/2022 (1 reply)
- Blount County coronavirus cases at 39,079 as of 4/2/2022 (1 reply)
- Blount County coronavirus cases at 38,344 as of 2/12/2022 (1 reply)
- Blount County coronavirus cases at 33,274 as of 1/22/2022 (2 replies)
- Blount County coronavirus cases at 26,253 as of 1/03/2022 (1 reply)
- Blount Memorial at record high for COVID-19 hospitalizations (1 reply)
- Blount County coronavirus cases nearly 16,000 as of 07/12/2021 (3 replies)
- Blount County coronavirus pandemic numbers (2 replies)
- The City of Alcoa's uncontrolled and costly development (2 replies)
TN Progressive
- Alcoa property taxes will probably not go up (BlountViews)
- Smith & Wesson not a good fit for Blount County (BlountViews)
- Pellissippi Parkway extension delayed again (BlountViews)
- Blount County early voting record turnout (BlountViews)
- WATCH THIS SPACE. (Left Wing Cracker)
- America As It Is Right Now (RoaneViews)
- A friend sent this: From Captain McElwee's Tall Tales of Roane County (RoaneViews)
- The Meidas Touch (RoaneViews)
- Massive Security Breach Analysis (RoaneViews)
- (Whitescreek Journal)
- My choices in the August election (Left Wing Cracker)
- July 4, 2024 - aka The Twilight Zone (Joe Powell)
TN Politics
- Flood of poll watchers, observers, monitors to descend on midterm voters (TN Lookout)
- Tennessee’s biggest drag show is the 6th District Republican primary (TN Lookout)
- Stockard on the Stump: Congressional candidate says he’ll drop Chinese military stocks (TN Lookout)
- Vance Boelter sentenced to two life terms plus 40 years in killing of Hortmans (TN Lookout)
- Federal court denies restraining order in ACLU lawsuit challenging Tennessee’s new congressional map (TN Lookout)
- US House and Senate split on ending Trump’s war in Iran, as gas prices rise (TN Lookout)
Knox TN Today
- What really matters: Offensive line improvement (Knox TN Today)
- Daily Connections: Your East Tennessee Guide | July 27 (Knox TN Today)
- Coming Wednesday: Step Inside Tennessee Basketball History (Knox TN Today)
- Det. ‘Lucky’ Luethge: Sex crimes & soul bruises (Knox TN Today)
- Meet Roman Monday’s Parent-A-Child (Knox TN Today)
- Faith Along the Way: Welcoming never wears out (Knox TN Today)
- Mission Monday: Empowering community ministries. Today’s focus is Interfaith Health Clinic (Knox TN Today)
- Treatment of Alzheimer’s disease. (Knox TN Today)
- Food City continues commitment to fighting hunger in Knoxville (Knox TN Today)
- Sunday Conversation (Knox TN Today)
- Community Snapshot (Knox TN Today)
- Avery Mills prepares for comeback after knee surgery (Knox TN Today)
Local TV News
- 'Homes Not Hedge Funds' Knox County to consider ordinance after state law fails (WATE)
- Knoxville Weather: Storm potential Sunday night with better chances Tuesday (WATE)
- One airlifted after motorcycle crash in Loudon County (WATE)
- Claiborne County mourns Mayor Joe Brooks after fatal motorcycle crash (WATE)
- Knoxville Weather: Scattered showers and storms Saturday night (WATE)
- Grainger County Mayor declares state of emergency after flooding (WATE)
News Sentinel
State News
- US and Iran pause their attacks after days of escalation - Chattanooga Times Free Press (Times Free Press)
- Annual Prep Tour kicks off countdown to season’s kickoff - Chattanooga Times Free Press (Times Free Press)
- ‘Very frustrating’: Salaries frozen as Chattanooga holds up pay increases for region’s 911 operators - Chattanooga Times Free Press (Times Free Press)
- Remember When, Chattanooga? Leo Smith was driving force behind Medal of Honor museum - Chattanooga Times Free Press (Times Free Press)
Wire Reports
- Mass shooting at Seattle Center leaves 2 dead, toddler wounded - The Seattle Times (US News)
- Family seeks help finding North Carolina mom missing in Grenada - NewsNation (US News)
- Stock futures climb, oil prices fall as U.S. and Iran pause attacks: Live updates - CNBC (Business)
- Chinese chipmaker CXMT soars almost 500% in market debut - Financial Times (Business)
- Shein swings to a loss as Donald Trump's trade rules hit sales - BBC (Business)
- Colorado River reservoirs hit record lows as Trump administration threatens major cuts - CBS News (US News)
- KCCI Investigates: Iowa Cyclospora cases likely may be part of national outbreak - KCCI (Business)
- Netanyahu accuses NYC Mayor Mamdani of 'fomenting hate' after arrest threat - BBC (US News)
- Pentagon Changes How It Reports Casualties in Iran War - The New York Times (US News)
- Would you choose £50,000 over the chance of £1m? - BBC (Business)
- Microsoft's Next Earnings Report on July 29 Could Send the Stock Soaring. Here's Why. - The Motley Fool (Business)
- Sweltering heat wave grips central and southern US for a second straight day - AP News (US News)
- ICE prepares major operation targeting Haitians losing TPS after Supreme Court ruling - Fox News (US News)
- Wildfire updates: Emergency Conflagrations invoked for Beachcomb & Bench fires and 2nd Flat Fire - 9th & 10th this year - KPTV (US News)
- Fed Faces Growing Pressure to Hike Rates as Price Risks Rebound - Bloomberg.com (Business)
Local area websites:
Blount DemsMC Democrats
Raven Society
League of Women Voters
Wendy Pitts Reeves
Stop Alcoa Parkway
KnoxViews
Knox Dems
RoaneViews
TennViews
TN Clean Water Network
TN Dems
Government websites:
Blount CountyCity of Alcoa
City of Maryville
State of Tennessee
TN Code Annotated
TN General Assembly
UT CTAS
UT MTAS
Media websites:
Maryville Daily TimesKnox News Sentinel
