Knox County Mayor Tim Burchett and his entourage stopped by to hang with the KNS editorial board this morning, mostly to talk about a proposal to turn - click right smack here for a Josh Flory story on this – Oakwood Elementary School into an assisted-living facility.
Good stuff. Good stuff. I showed up because it means I can score a free Diet Coke out of the refrigerator in the special meeting room. Naw, not really.
Here's the deal:
Family Pride, which thankfully has experience doing this kind of thing, wants the county to ante up (not to exceed) $712K in folding paper to fix the building and deal with the environmental issues, which includes removing the bird turds. The company would then spend $4.5 million of its own coin on the rest of the rehabilitation.
The plan is build a 58-unit facility and create 35 jobs with a $750,000 payroll. Burchett said the property would yield $77,000 in city and county taxes each year, but there's talk about a PILOT, or payment in lieu of taxes, that the developer plans to talk about with the Industrial Development Board.
The mayor said the neighborhood is on board with the proposal, which isn't a surprise because it's either this or a soup kitchen/homeless shelter. Kidding. Well, sort of.