Chattanooga Paves Way to Fund Volkswagen Preparations

Daisy Madison, City Finance Officer, "We are just trying to make sure that we have the financing in place so that as the details are worked out specifically relative to the projects that money or the funding of it will not be a hinderance to timely completion."

Along with a welcome center for Exit 9 off I-75, the money would help pay for site preparation, railroad lines, a training center, roads, sewers, a fire station and related equipment, and telecommunications related to the Volkswagen plant.

Madison, "It's our expectation that it will not be that much. We went on what we think at this point to be a high dollar amount."

Madison says the City plans to split costs related to Volkswagen 50/50 with Hamilton County...the same way it has always divided projects at Enterprise South.

Madison, "Quite honestly the state is the really big money spender in this project. It's definitely a joint effort with the state being a major player and the city and county stepping up as well."

Madison says when the City learns exactly how much it will have to spend for the Volkswagen related projects, Council members will consider a resolution with the exact amount that needs to be borrowed.