fxvol

Thanks guys, I'll passed along the news.

There's a rumor floating among Southern Land's the Vertis residents (probably started by Southern Land management) that George Tomlin has canceled his plan to construct Eden House on the old fire station property on Richard Jones Rd. in Green Hills (next to the Vertis).

And it's all Tony G's fault! Did he have it in for Mr. Dudley? :)

I'm like Smeags in that I don't remember the details about the mishandling of the 2010 flood by the Corps of Engineers; however, I was in attendance at a Wednesday night presentation given in 2014 (I think) at our church to about 400 people by Representative Jim Cooper about his investigation into the Corps and how Congress forced the Corp to change. I do remember that the investigation found that the communication system used by the Corp to measure and send water level data and to open and close flood gates to the control center malfunctioned. Rep. Cooper pointed out that the Corp's Mission Statement included five priorities. My memory has faded, but I think the Mission Statement was changed after the investigation to move "flood control" from the fifth priority to the top priority. Cooper was rather angry that the Corp had place Electricity Generation, Fishing, Navigation and Recreation above Flood Control. He felt that the investigation showed that the Corp's Flood Control System had been neglected, poorly funded and mismanaged. Subsequent to the investigation, Rep. Cooper said he made a presentation on his plans to change the way the Corp was organized and operated to a Nashville civic club and afterward one member said to Cooper, "It would take an act of Congress to do that!" Cooper said he responded with, "Who do you think I am?" Smeag's history lesson on TVA is very important. For those who may no have lived in Tennessee very long, it's important for you to understand TVA's uniqueness and how it has benefitted what is know as the Tennessee River Valley. TVA serves all of Tennessee and parts of seven other states. Prior to WWII, Tennessee was an agrarian state and "dirt poor," Dolly Parton can tell you all about it. Those who lived in the Tennessee River Valley suffered from frequent flooding and not having access to electricity. Farmers' crops were often destroyed by flood waters and pests. Today, there are three types of electric companies (1) Investor-owned Utilities known as IOUs, City-owned utilities known as Municipals, and member-owned utilities known as Member Service Corporations, or Cooperatives, and usually referred to as "the Co-ops" In general, think of the IOUs as the Big Boys like Consolidated Edison in NYC, Detroit Edison, Texas Utilities and Pacific Gas & Electric. These are large publicly-traded entities. They have the highest electric rates and are regulated by some sort of rate commission. Their tax status if for-profit. There are no IOUs in Tennessee. The Municipals are a smaller group and were founded in the smaller cities like Memphis, Nashville, Knoxville and Chattanooga by the local government. Those living in rural areas had no electric service until the farmers banded together and formed electric cooperatives. Congress passed the Rural Electrification Act (and the TVA Act) in 1933 creating an agency known at the REA which makes low-interest loans to co-ops so that they can build sub-stations, power lines and service drops for commercial and residential service. Middle Tennessee Electric Membership Corporation is one of the largest co-ops in the country. It, like Duck River EMC, Nashville Electric Service and Knoxville Utilities Board are known as "TVA Distributors." TVA, which reports to Congress, is the "Generation and Transmission Company," or G&T. TVA built the facilities like the Gallatin Steam plant and the Kingston Steam Plant which are fired by coal to generate electricity. It then wholesales electricity to the "Distributors" (NES, MTEMC etc.), then the Distributors build and maintain "the grid" and retail the electricity to everyone. Because of TVA, the Distributors in the Valley have historically had some of the lowest electric rates in the nation. For decades now, with flooding under control by TVA Hydroelectric and US Army Corp of Engineer Dams Tennessee is no longer "dirt poor." These historic initiatives created the foundation for everyone to thrive and prosper. This model has been copied by many countries around the world, and the US, through agencies like the National Rural Electric Cooperative Association, REA, USAID, and the World Bank, over the past 60 plus years has assisted countries in Asia and South America and elsewhere to provide electricity to the rural parts of their countries by copying this model. It's a great success story and having been raised in Tennessee, I will be forever grateful to the men and women at TVA and the electric power distributors for what they have accomplished. Noble is cause and deed, they are.

Smeags, I'm right there with ya, pal. I did a deep dive on Scenic, and all I found were rabbit trails that exponentially raise the number of questions I have. Any info on any partner that is published is ambiguous and means nothing. Nor could I find any evidence that they have developed anything. It's clear to me that they don't want anyone to know anything about their business. IMHO, the likelihood that they are nothing but a banker is very high or nefarious. FX

I am here because of an ancestor who fought in that war from New York for which he was granted land in White County Tennessee. I was told, that at that time, White County stretched from the Kentucky line to the Alabama line. I'm unsure of the eastern and western boundaries. When my ancestors arrived in Tennessee and learned their acreage was in the wilderness they settled on Market St. in Nashville.

Haha, you're alright, you know that Smeags, you're alright.

Yeah, that's the guy, Glazer. I didn't know about the plane crash and my time line was off. Thanks for letting me know, Smeags. Just one thing, did you find that in the 8 ball?

When the CEO of the Indianapolis development company that built the Aertson, died unexpectedly, just as construction was beginning, I strongly doubted that the Buckingham Tower would ever be built. I'm still hopeful that it will, though.

We are so fortunate that Oracle has chosen Nashville. This development will open thousands of doors of opportunity for Nashvillians for many years to come.

Sounds quite plausible. Thanks Smeagol

Great question. You make a good point. No doubt the One Hotel / Embassy project is slow. I'd like to know why, too.

From the looks of things at The Pit and at Amazon 2, it appears that SWVP is taking a breather. The question is for how long?

If this project stagnates, for those who make maps, how deep does the water have to be and how long does it have to exist before it's depicted on a map as Lake 'O the Yards?