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Audit Report: IG-0623

October 14, 2003

Reindustrialization of the East Tennessee Technology Park

The Community Reuse Organization of East Tennessee (CROET), with Bechtel Jacobs Company, LLC, (Bechtel Jacobs) assistance, has acted as a leasing agent to attract private companies interested in leasing buildings, space, and equipment at the East Tennessee Technology Park (ETTP). The Department of Energy (Department) leased facilities and equipment to CROET at no cost, and CROET sublet these facilities to commercial companies. CROET attracted tenants with innovative leasing arrangements such as favorable lease terms for buildings where commercial entities assumed some or all of the responsibility for cleanup activities.