GREENE COUNTY, Tenn. (WJHL)- A major development is coming to Mosheim near Interstate 81, and town leaders are now revealing more about the plans.
The proposed site that will be known as ‘Mosheim Crossing’ includes 30 acres with around 19 plots for development just off of Interstate 81 at Exit 23.
Mosheim Mayor Tommy Gregg along with the developer, Randy Corlew, confirmed that Shoney’s along with other national franchises are interested in the site.
Gregg said on Monday that just recently the town approved to sell two of the lots at the property to the Avid Franchise.
According to Corlew, this would be the second Avid Hotel in the country, the first is in Oklahoma City.
“The community’s very excited about the prospect of the development down there,” Gregg said. “We need it, as you know, tax incentives and such are our lifeline here in Mosheim. We don’t have a property tax.
“I think (the developer) is going to see the support of the community and all the surrounding areas as is going to be good.”
Corlew said working with Greene County to get the ball rolling on tax-increment funding to develop the infrastructure in the area – but, as Corlew put it, the issue quickly became a chicken-or-the-egg situation.
Tax increment-funding requires businesses to fuel it, but without businesses on the land. Corlew said the town has until 2022 to get development in place in order for the tax increment.
“Part of the problem is a project of this size takes up so much infrastructure,” he said. “Do you build the infrastructure and they come, or do you get the business and they come?
He added that there has been discussion of a medical center for acute care, but as of now, but he said he couldn’t release any other details.
Ground is expected to start moving at the site in Mosheim in six weeks, with projects nearing completion in about 16 months.
We’re told traffic on both I-81 and 11E in Mosheim will not be impacted by this development.