Commission discusses transferring property to IDB for new business

TOP PHOTO: County Mayor Jack Lynch, right, asked for the commission to vote next week on transferring industrial property to the Industrial Development board. Also pictured is Commission Chairman Johnny Bruce. 

By Charlotte Underwood

JACKSBORO, TN (WLAF)- County Commissioners met Monday evening in their workshop, discussing the consideration of transferring industrial land at Oswego to the county’s Industrial Development Board, so it could be easier to sell to a company with interest in it.

“We have a company that would like to purchase the three lots of land left on it, and I would like to move it over to the Industrial Development Board, so the county does not need to have an auction,” said County Mayor Jack Lynch.

The property is next to the rail spur in Oswego, on the north side of Campbell County, and the company would use the rail spur.

Commissioner Beverly Hall asked about the business and what it did.

Vice Mayor Randy Brown spoke about the company Traxion Materials which is already in operation at the Oswego Industrial property and is wanting to purchase the additional three lots.

“They have 24 full time employees working here. They want all 33.2 acres up there. They are going to recycle tires into crude oil, and they already sell rotor chips to Kentucky Power,” Brown said.

He also said the company “hopes to expand” and has a five-year plan that could lead to hundreds of jobs for the area.

“The business owners are two lawyers in Knoxville and two local boys; They bought all of JR’s tires and are already selling to Kentucky Power,” County Mayor Jack Lynch said.

“I talked to the state, and they said they have done everything they have been asked to do and that it sounds like it could be a good business for the county,” Brown said.

He said the state required them to keep the tires off the ground and that was why they wanted the additional lots to build storage areas to hold the tires. Brown also said most of the 24 employees working for the company were local.

“Their five-year plan is a couple hundred employees, it could be great for Campbell County,” Brown said.“The big thing is when they start refining the tires to make the crude oil,” Bruce said. (WLAF NEWS PUBLISHED-07/15/2025-6AM)