Rick Dover of Knoxville Discusses Tax Break for Alexander Inn
Oak Ridge landmark to become senior living facility, according to Rick Dover.
OAK RIDGE, Tenn. – June 9, 2013 – Rick Dover, Knoxville entrepreneur, is proud to announce the Oak Ridge Industrial Development Board is behind a tax break to convert the Alexander Inn into a senior living community. Rick Dover, Knoxville general manager of Family Pride Corporation, repurposes historic buildings to create quality, affordable living for today’s growing senior population.
The committee discussed the project at a late 2012 meeting, where the board voted to support a tax break for the project. As Rick Dover of Knoxville explains, the tax break would extend to 10 years and include the renovation of the Alexander Inn, a historic building located in the historic district of Oak Ridge. The Alexander Inn was built in 1943 as part of the Manhattan Project, a top-secret initiative to build atomic bombs during World War II, according to Rick Dover. Knoxville neighbor Oak Ridge needed a place to house visitors during the project, Rick Dover of Knoxville explains, and the Alexander Inn provided that hospitality. Following the war, the Alexander Inn was converted into a hotel, accepting guests until the mid-’90s. After closing its doors in the ’90s, Rick Dover, Knoxville entrepreneur, explains that the Alexander Inn was allowed to gradually deteriorate despite a 1993 addition to the National Register of Historic Places.
Rick Dover and Knoxville-area developers make an effort to locate historic and otherwise notable places that can be revitalized. With an ever-growing population of retirees, it’s more important than ever that developers and builders find a way to leverage existing properties for use as senior living communities, says Rick Dover. Knoxville is rife with properties that can be renovated for modern-day use, Rick Dover of Knoxville adds, and Family Pride Corporation works hard to locate them.
As Rick Dover of Knoxville points out, the board decided the property would receive as much revenue during renovations as it did during the years the hotel sat idle. The Alexander Inn has been on the endangered list, with several organizations showing interest in buying over the years, explains Rick Dover. Knoxville entrepreneur Rick Dover told the Oak Ridge Development Board that the basic structure of the Alexander Inn is still viable, and with the help of an energy grant around $500,000, Rick Dover of Knoxville and his team are able to put major effort into renovating the property.
Family Pride Corporation is a firm based in Loudon, Tenn., that focuses on preserving the buildings that make up the history of an area, describes Rick Dover. Knoxville has a deep, rich history and the Loudon team works hard to save historical structures by reimagining them as senior communities. Added to that, Rick Dover of Knoxville stresses that Family Pride Corporation is a family-owned and operated business that works hard to ensure the environment remains safe for future generations.
Each Family Pride Corporation community provides great customer service and affordable prices for East Tennessee families, according to Rick Dover. Knoxville entrepreneur Rick Dover leads the business, which is responsible for communities throughout East Tennessee, including Loudon, Knoxville, Oak Ridge and Lenoir City. As Rick Dover of Knoxville explains, Family Pride Corporation provides a variety of communities for seniors, including Alzheimer’s and memory care, independent living, and assisted living communities. According to Rick Dover, Knoxville area communities have a plentitude of opportunities for revitalization in order to remain sustainable in an ever-changing world.
Contact Rick Dover:
1125 Grove Street
Loudon, TN 37774