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Fri February 21, 2014
Oak Ridge Officials Say Plan Could Settle Debt Debate
For the past five years, Oak Ridge city officials and school board leaders have been trying to figure out how much financial weight each side must bear in paying off the debt incurred in renovating Oak Ridge High School. Now, two of those officials say they think they're hammered out an acceptable deal.
The details of of the plan proposed by Oak Ridge city manager Mark Watson and school superintendent Bruce Borchers will be unveiled at a midday meeting between municipal and school system leaders, according to the Knoxville News Sentinel.
Under the rough outlines of the plan, the city of Oak Ridge will shoulder some of the financial burden in paying off the $61-million renovation tab. In exchange, the school system will help pay for other needs that currently come out of the city's wallet.