By Lance Coleman
Posted June 9, 2011 at 7:49 p.m.
Alcoa, Inc., will pay the city of Alcoa and Blount County $4.1 million to cover the cost of back taxes, ending a decade-long dispute relating to how raw materials at the company are assessed.
Blount County Property Assessor Mike Morton made the announcement at a press conference Thursday, saying that an estimated $2.1 million would go to Blount County and $2 million would go the City of Alcoa.
