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.



Many Waldens Ridge Scenes Featured In Stokes Picture Book

A number of early views of Waldens Ridge are among the rarities found in the Stokes Photo Collection. There are many photos of the roads up the mountain showing streetcars, wagons and early autos. There are scenes at Rainbow Lake, Falling Water Falls, Signal Point and other scenic spots. Several photos are included of the Signal Mountain Hotel. The more than 700 photos ... (click for more)

Man Shot At Apartments On Tunnel Boulevard Wednesday Afternoon

Chattanooga police officers responded to the apartment buildings at 404 Tunnel Blvd. Wednesday at 1:21 p.m., where residents say they heard multiple shots fired.  Witnesses said they saw multiple suspects fleeing the scene on foot behind the complex.  The male victim was taken to a local hospital for life threatening gunshot wounds.  Chattanooga Police ... (click for more)

Chattanooga Has Lost Its Most Popular Citizen - Luther Masingill - And Response

Chattanooga has lost its most popular citizen – Luther Masingill. Although we are saddened we cherish the memories.  All of us have a Luther story.  Mine is the first time I met Luther.  This was before TV and all of Chattanooga listened to Luther on the radio.  I was 12-years-old.  Some of my buddies and I had gone to the State Theater in downtown ... (click for more)

Roy Exum: The Policeman’s Prayer

Every year, when the Law Enforcement Foundation of Greater Chattanooga holds its annual luncheon, it is one of the most heartening displays of what America really believes, down deep inside. The most prominent and influential leaders in the community – well over 1,000 -- gather to pay tribute and pledge their support to our heroes in blue who are unfaltering in their devotion, service ... (click for more)

Boyd-Buchanan Sweeps Loretto To Open Class A State Volleyball

(Story will be updated) MURFREESBORO, Tenn. – Playing what coach Alfie Dodd called a sub-par match, Boyd-Buchanan’s Lady Bucs were still good enough to sweep Loretto, 3-0, Wednesday in the opening match of the Tennessee Secondary School Athletic Association’s Class A state volleyball tournament at Blackman High School. Set scores were 25-19, 25-14, 25-20. With the ... (click for more)

Red Bank Loses In State Volleyball Opener

SMYRNA, Tenn. – The TSSAA State Volleyball tournament didn’t start off like the Red Bank Lionettes would have liked. Facing the Lady Irish from Knoxville Catholic here at Stewarts Creek High School in the first match Wednesday morning, the Lionettes never got comfortable and lost in three sets, falling by scores of 25-16, 25-13 and 25-19. Red Bank got an ace from Allison Walker ... (click for more)