No To Overholt?
Yes To Thorton?
|When Dr. Bob Overholt was out begging for local
government to pay for the roads in his proposed development, he might
have been better off had he gone to Loudon City officials. They seem to
be more willing to hand out tax dollars to developers than Lenoir City
and Loudon County. Loudon committed to spend up to 1.3 million dollars
to build a new road into the gated Tennessee National Development.
Problem is, now Loudon wants the county to help pay for the road.
At Monday's commission meeting, 4/7/08, commissioners have an item on the agenda that if it passes will require the county to pay $390,000.00 to help pay for the new entrance to the golf community. Here's how it happened.
In the late nineteen nineties John Thorton partnered with a company
called The Hines Group began plans for the current development now known
as Tennessee National. They approached Loudon and Loudon County with a
request to participate in building a new road to the development. Many
things transpired over the years but ultimately both Loudon and Loudon
County voted to pay for the road. Loudon to pay 70% and the county to
pay 30%. The county resolution was passed on March 5th 2001. By November
of that same year the Thorton/Hines project had stalled. Ultimately the
project went belly up.
Now that the road has been built, Loudon is looking to the county to pay the 30%. Fortunately, the county is under no obligation to pay anything on the road. The 2002 vote to withdraw from the project relieved the county of any payment.
Commissioners are aware of the history of the project and hopefully will reject Loudon's request for payment.