Members of the city Finance & Revenue and Parks & Recreation committees on Monday voted unanimously to recommend approval to sell a portion of the Exit 8 Athletic Complex land to a Nashville-based solar energy provider for a 15-megawatt generated facility.
Under a considerable purchase agreement by the City Council, if solar energy provider Silicon Ranch executes the option, it will receive a three-year plan to purchase 140.2 acres of the property from the city for $3.36 million, according to CDE Lightband General Manager Brian Taylor.
In 2018, the city purchased the entire 347.5-acre site for $4,083,000, according to city spokesperson Richard Stevens.
The purchase would be for the construction of the solar farm, which would sell electricity to CDE Lightband at half the price of Tennessee Valley Authority, a federal agency that provides electricity for local power companies in Tennessee.