Local Governments To Provide $52.5 Million In Incentives For VW Expansion

Wednesday, July 16, 2014

The city and county are agreeing to provide $52.5 million in funding for the Volkswagen expansion at the Chattanooga plant.

The state is providing a $165.8 million grant for infrastructure costs as well as $12 million for worker training.

VW commits to spend some $200 million for real property improvements and some $400 million for equipment.

Volkswagen is to receive a real property and personal property tax abatement, but will pay the school portion. It will pay an economic development fee of $250,000 per year for 10 years.

VW reserves an option on an additional 1,200 acres, but is releasing back to the city and county 300 acres.

The plant will hire some 2,000 additional employees for the production of a new mid-size SUV and for a research and development center.

County Mayor Jim Coppinger said the County Commission will be asked to have a special meeting next Wednesday to approve the memorandum of understanding. He said it must be approved by July 29. He called it "a really good deal for Hamilton County."

County Commission Chairman Fred Skillern said, through good money management, "We will be able to do this without even considering a tax increase."

Click here to read the Memo of Understanding.




AUDIO: County Commission Meeting 4/25/2018

Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: ADAMS, KIARA KATHLEEN  180 HALL LANE TRENTON, 307524421  Age at Arrest: 18 years old Arresting Agency:  THEFT OF PROPERTY (CONDUCT INVOLV.MERCHANDISE) UND --- ALLEN, DEDRICK LAMOUNE  125 ALTON PLACE CHATTANOOGA, 37410  Age at Arrest: 47 years old Arresting Agency: Hamilton ... (click for more)

Why Can't Someone Unstop The Water Buildup Problem At The I-24 Cummings Highway Exit? - And Response

Exit 174 on westbound Interstate 24 is closed again as is the westbound entrance ramp. Cummings Highway is shut as well. I inquired at TDOT on Dec. 28, 2015, why this continues to happen. The engineer’s response was that the drain from ground west of the interstate runs under private land and cover over it has caused that pipe to collapse. Obviously flow still goes through, ... (click for more)

Roy Exum: ‘We’ll Lose The Senate!’

A guy who I admire and respect wrote me yesterday. He had just read my story defending Bob Corker for honoring “The Code” due to his true friendship with Phil Bredesen. He is also no stranger to my vivid dislike of the Republican choice to replace Corker in the Senate. Marsha Blackburn is no match against Bredesen on any tier and it is clearly the Republican Party itself that has ... (click for more)

Peyton Manning To Be Inducted To Academic All America Hall Of fame

Legendary Tennessee quarterback Peyton Manning will be one of the newest members of the College Sports Information Directors of America (CoSIDA) Academic All-America Hall of Fame when the four-person 2018 Class is inducted this summer.   The Academic All-America Hall of Fame Induction Ceremony will take place at 7:30 p.m. on June 28 at the CoSIDA and NACDA ... (click for more)

Rahaan Gaulden Ready For 2018 NFL Draft

  Rashaan Gaulden is ready for the next level. His nearly four years at the University of Tennessee have prepared him for the NFL and the former Vol defensive back is expected to hear his name called this weekend at the 2018 NFL Draft at AT&T Stadium in Arlington, Texas. “There’s a relief and a calmness about it all because of all of the hard work I know I put in ... (click for more)