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Urban Story Ventures has proposed transforming a former jail in downtown Chattanooga into Jailhouse Studios, a music, film, and art studio, alongside an Oracle AI data center aimed at boosting the local economy. The proposal faces opposition from residents concerned about potential environmental impacts and increased energy costs, with 612 signatures on a petition against the data center. Urban Story Ventures maintains that their project will differ from other controversial data centers, emphasizing cost-effective construction and environmental mitigation.