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CoreTech announces abandonment of Lebanon plans at Council meeting

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By BEN DUDLEYThe Wilson Post

CoreTech Industries, Inc. is no longer considering locating its headquarters in Lebanon.

CoreTech President Greg Quinn said in a letter that was to be presented to media and Lebanon Mayor Philip Craighead at last night’s City Council meeting that “We, the management of CoreTech, are indeed sorry that we will no longer be locating our project in Lebanon, Tennessee.”

Quinn, in an article in the Sept. 11 edition of The Wilson Post, said questions surrounding CoreTech’s stability and financing were the result of politics and again said in the letter the decision to seek a site elsewhere was due to politics. He faulted in particular Ward 3 Councilor William Farmer and Commissioner of Public Safety Billy Weeks for their questions regarding the firm’s operations.

“CoreTech is not in trouble,” Quinn said. “CoreTech, like many other companies is the victim of a poor economy. Three years ago CoreTech moved to this region with the intention of moving our corporate operations to Middle Tennessee and we selected a site in Lebanon because we believed it represented the best location for CoreTech Park, which would become the first green technology research and development business park in North America.”

He continued, “Like many companies in Tennessee, over the last few months CoreTech has struggled, but unlike other organizations that have had to shut down altogether, CoreTech is surviving. We have not shut down operations, we have not laid off one employee, and we have not changed our plans. We still desire a Middle Tennessee location for our company.”

Council was expected last night to vote to rescind $13,000 approved previously in incentives for CoreTech. The money was to have been provided the firm once property for its operations had been purchased. The company had considered a site off South Hartmann Drive and Interstate 40 on which to locate its office and business park.

Quinn is his letter referred to council’s “political witch hunt to save $13,000 in pledged tax abatement.”

 Craighead, when contacted yesterday, said, “Because of the things discovered in the investigation, the council was just not comfortable with the situation. If they (CoreTech) had gotten their finances in order and purchased the land, I think the doubts would have faded.”

The mayor added, “I can’t speak on Mr. Farmer’s possible agenda or any of that.”

Quinn was in a meeting yesterday afternoon and not available for further comment.

In other business, council was also to vote on supporting Historic Lebanon’s Clock Tower project. If passed, a sign notifying the public that the old courthouse and clock tower are a historical site will be placed.

The mayor and his department heads are also trying to be more forthright with the council about monies being spent and received. There are two resolutions notifying the council of grant applications and two ordinances to authorize several line item transfers.

“We’re trying to be more informative so that there won’t be as many surprises later on,” Craighead said.

Before the meeting at 5 p.m., the council was to have a work session with the planning commission to discuss the sidewalks project.

Council meets on the first and third Tuesdays of every month at 6 p.m. in the Town Meeting Hall at the City of Lebanon Administration Building at Castle Heights.

Staff Writer Ben Dudley may be contacted at ben@wilsonpost.com. Check back for updates.

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