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Land Bank plans to buy Wilson St. property

Land Bank plans to buy Wilson St. property
Oakridger
The city of Oak Ridge s Land Bank is planning to purchase land in the middle of the city to help establish a downtown-type development there.
The Oak Ridge City Council voted unanimously at its Feb. 8 meeting to allow the city Land Bank to borrow $900,000 to purchase this land on Wilson Street. However, the resolution Council passed stated it will not be borrowing city money, and Council will not be involved in paying off the debt.
Oak Ridge City Council voted last year to recommend a “vision” for the street and surrounding area with “apartments, condos, restaurants, local shops, offices and beautiful green spaces,” according to a city resolution recommended by city staff. The street runs between the restaurants Kume at South Rutgers Avenue and El Cantarito on South Tulane Avenue, but the vision also included the surrounding area. ....

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