Companies Are Abandoning Massive Offshore Wind Projects as Development Costs Skyrocket

Billions of dollars in scheduled offshore wind developments in waters of the U.K. and U.S. have been paused or canceled in recent weeks, according to Bloomberg News.

Three major offshore wind-related contracts have fallen through as rising costs and economic concerns have saddled developments off the American and British coasts, according to Bloomberg. While offshore wind proponents remain confident in the long term viability of offshore wind, the recent cancellations may be a sign of more substantial troubles for offshore wind despite strong support from the Biden administration, according to Bloomberg.

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‘2023 Property Taxpayer Protection Act’ to be Taken up by General Assembly this Week

A bill that would protect property taxpayers from bearing the brunt of new residential development across the state is set to be taken up in the General Assembly this week.

The “2023 Property Taxpayer Protection Act” will remedy a disparity between the ways in which cities and counties are able to fund the expansion of services brought on by the accelerated growth Tennessee is experiencing which was created by the 2006 County Powers Relief Act.

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Rutherford County Mayor Joe Carr Presents ‘2023 Property Taxpayers Protection Act’ to Sumner County Constitutional Group

HENDERSONVILLE, Tennessee – Rutherford County Mayor Joe Carr presented the 2023 Property Taxpayers Protection Act to the Sumner County Constitutional Republicans, during the group’s regularly scheduled meeting Saturday at the Shackle Island Fire Rescue Hall in Hendersonville.

The Sumner County Constitutional Republicans is a five-year old organization that formed and exists to recruit and train God-fearing, action-based conservatives to run for local office, its Chairman Kurt Riley told The Tennessee Star Report with Michael Patrick Leahy.

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Zoning Legislation Stirs Controversy in Connecticut

Democrats in Connecticut’s state House of Representatives are offering legislation they say will facilitate affordable housing and “racial justice,” though opponents of the measures say they will merely hamper local control of development.

One bill would mandate that municipalities permit housing containing a minimum of 15 dwelling units per acre within half-mile radiuses of rail stations. At least 10 percent of the units in such areas would be required to meet the state’s definition of affordable housing, i.e. that it costs an occupant no more than one third of his or her annual income. 

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Activists Look to the Future of Oil Pipelines Following Keystone XL Cancellation

Anti Keystone XL pipeline citizens

After the cancellation of the Keystone XL Pipeline struck a blow to the oil industry, energy jobs activists are pushing back by warning of increased costs and touting the benefits of transporting oil via pipeline.

TC Energy Corporation announced on Wednesday that it was cancelling the Keystone XL Pipeline less than five months after President Joe Biden rescinded a vital permit for the pipeline. The cancellation ends an over 12-year battle by activists from both sides over the oil pipeline. The pipeline would have started in the Canadian province of Alberta ultimately ending in Nebraska.

In a statement François Poirier, President and CEO of TC Energy Corporation, expressed disappointment.

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Nashville Plans Overhaul of Two Public Housing Developments For Mixed-Income Communities

housing

Nashville’s housing agency plans to rehab two properties even as the city takes over public housing from the federal government. The Nashville Metropolitan Development and Housing Agency will release its 600-page five-year plan to the federal government soon, Nashville Public Radio reports. The plan overview is available here. Council will consider it next Tuesday. The developments slated for an overhaul are J.C. Napier and Tony Sudekum. Much of the focus is on transforming an area adjacent to Fort Negley from low-income into apartments rented to low, moderate and higher income residents. It’s estimated to cost nearly $600 million dollars, Nashville Public Radio says. MDHA is using a federal policy that transfers ownership of housing property from the federal government to local agencies, allowing them to take out loans. In June the city broke ground on a 40-townhome affordable housing community in the Bordeaux Redevelopment District, WKRN recently reported. Target renters may be police officers or teachers who make up to 120 percent of the area’s median income.            

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