Request to eject hiring clause temporarily grounds PILOT10:00 am | July 12, 2013
Carter County’s Industrial Development Board wanted more details before allowing a potential investor to take flight with an existing PILOT agreement.
On Thursday morning, the board agreed that more information was needed before it would approve the transfer of the The Highlands Group’s payment-in-lieu-of-tax — or PILOT — agreement for an Elizabethton facility to an investor seeking to relocate to Carter County.
For the past two years, The Highlands Group has operated the facility, located at 200 Smoky Mountain Way, which is owned by the THE Partnership, also known as the Tittle Construction Company.
According to TCC Vice-President Jeff Hale, almost one month ago, his company was approached by the investor about transferring the PILOT agreement currently named for The Highlands Group.
“This company has come in and looked at the existing lease, the building and the PILOT agreement, of course,” Hale said. “What they’ve asked us to do … is to come to you and ask if the board is OK with transferring the PILOT to the other company.”