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Oak Ridge North City Council approved the modification of a sales tax preservation agreement with Townsen Memorial Surgery Center on July 13, after project representatives discovered inaccuracies in the previously estimated square footage of the center’s expansion.
What you need to know: The incentive was originally $73,000 per year to be paid to the city in lieu of sales tax for five years, applicable to Townsen’s currently operating Building B.
Sarah McClure, Oak Ridge North’s director of economic development and community programming, explained to the council on Monday that this amount was based on their initial size estimate of 18,329 square feet for the building’s expansion.
However, upon further examination of the plans in the permitting process, McClure confirmed the building will actually occupy 19,686 square feet.
Another detail: Also at the July 13 meeting, council members approved a separate sales tax preservation agreement involving a secondary building on the east side of Townsen’s property, Building C.
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