CLARKSVILLE, TN (CLARKSVILLE NOW) – Silicon Ranch Corp., a Nashville-based solar energy provider, is seeking an option to purchase half of the land that the city has designated for an athletic complex near Exit 8.
The purchase, which will be considered by City Council members on Monday, would include approximately 142 acres of the 300 acres purchased by the city for a new athletic complex.
When asked about the potential purchase, city spokesperson Richard Stevens said the property in question is largely composed of a bluff that could be used only for passive recreation, such as hiking trails and bike routes.
Silicon Ranch is seeking a three-year option to purchase the land. The company would pay $10,000 for the first one-year option, with two additional years for $20,000 and $30,000 respectively.
Should Silicon Ranch decide to buy the property based on this agreement, the price would be $3.48 million.
According to Stevens, those funds would primarily be used to advance the Exit 8 athletic complex.
Green energy in Clarksville
According to the resolution, Silicon Ranch would primarily sell electricity to Clarksville Department of Electricity (CDE Lightband).
While local power companies like CDE are typically required to purchase electricity from TVA, TVA’s green sustainable energy program would allow them to purchase power from other companies so long as those companies use a green, sustainable source such as solar.
According to Stevens, the partnership could allow up to 60% of Clarksville’s electricity to come from a green source.
CDE General Manager Brian Taylor will give a presentation on the proposal at Monday’s meeting.
The meeting will be held Monday at 4:30 p.m., with a vote next Thursday at the regular session.
Correction: City spokesman Richard Stevens was the one who said the partnership could allow up to 60% of Clarksville’s electricity to come from a green source. A previous version of the article attributed the comment to the wrong person.