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Year in Review 2007
New business plans highlight 2007


2007 saw two highly debated ordinances for the town of Farragut that directly affected the business sector. One approved and one rejected, with both outcomes good for business.

The Farragut Board of Mayor and Aldermen proclaimed there would be no impact fees levied against new residential and commercial development in Farragut. The proposed fee that would have charged an upfront fee of $3,670 per new single-family dwelling and $2,614 per every 1,000 square feet of commercial space was rejected by a vote of 3-2.

FBMA approved an amendment to the Farragut alcoholic beverage ordinance to allow for five off-premise liquor stores within the town boundaries with a growth factor of one additional store per 5,000 increase in

population.

Farragut Wine & Spirits, the only liquor store so far to take advantage of the amendment, opened its doors for business in October amid concerns from residents that it was too close to Farragut High School for parents to feel comfortable. Owners David Purvis and Hugh Kaserman said all the proximity requirements were met and offered assurances that the establishment’s location would not contribute to underage drinking.

The following is a listing, by publication date, of other notable farragutpress business stories.

March 8: Farragut’s first indoor sports complex opened to the tune of $2.3 million, as phase 2 of developer Basil Skelton’s Icearium project.

July 5: Farragut Municipal Planning Commission members approved a plan that would include the old Regal Cinemas property off Kingston Pike for an Ingles shopping center. Plans for the center include the Ingles grocery store, a car wash and a gas station.

Aug. 23: JCPenney unveiled a plan to build a 104,715-foot department store located on Parkside drive (across from Gander Mountain). Jim Nixon, of Turkey Creek Land Partners, said they intended to open the store in fall 2008.

Oct. 25: The controversial Weigel’s Farm Store, located at the intersection of Smith Road and Kingston Pike, held its grand-opening. Bob Leonard, attorney for Weigel’s and former Farragut Mayor, said he did not think the store’s intrance/exit would create a problem for anyone.

Nov. 22: Ravenel Development Corp. advised FMPC of its intention to build a shopping center in Farragut/Dixie Lee Junction on a 2.3-acre lot that runs along Kingston Pike to the south approximately 200 feet west of Watt Road.

Dec 6: Regal Entertainment Group announced the addition of an IMAX theatre to its Pinnacle Stadium 18 at Turkey Creek.

 

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