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Saturday, September 29, 2007

Kingsport's Target Kohls Grand Openings


Kingsport Pavilion
2626 East Stone Drive

Kohl's opens Oct 3

Target opens Oct 14

If you would like to receive "good news" about Kingsport, please write to jeff_fleming@earthlink.net

Wednesday, September 19, 2007

Kingsport Construction Report

Kingsport blows out new construction totals for fiscal year 2007


KINGSPORT, TN -- New investment set a sizzling pace for fiscal year 2007 in Kingsport, with $123.35 million in new construction from July 1, 2006 through June 30, 2007.

Clearly,
Kingsport’s economic engine was hitting on all cylinders as fiscal 2007 eclipsed the previous high mark of $101.3 million set in FY 2001-2002, with an increase of 57 building permits and $44 million over the previous fiscal year.

Single family housing posted an increase for the fifth straight year, with 132 new homes constructed at a total value of $20.9 million.

The average cost of a newly constructed home was $157,774. At least 32 new homes were constructed at a value of $200,000 to $499,000.

Seventy-nine new condominiums and patio homes valued at $64 million were also constructed at
Pinebrook Place, Skyland Falls, Timers Edge Trace and Cooks Pointe.

In addition to new residential construction, another $22.14 million in building permits were issued for commercial and residential alterations.

On the new commercial construction side of the ledger, 56 new permits were issued for $66.15 million, an increase of $35.85 million over the previous year. Commercial permits cover retail and office construction.

Also, the leading edge of the $1.3 billion Project Reinvest at Eastman Chemical began late in the fiscal year, with two permits issued for $4.59 million for construction of a new laboratory and other items.

“Discounting the beginning of Project Reinvest,
Kingsport clearly eclipsed the previous record for new investment in the community,” City Manager John Campbell said. “When you look across-the-board, every sector is growing, and this proves a strong foundation as the Eastman investments begin to show up.”

Campbell also noted that the results for 2007 do not entirely capture the results of ongoing work at the new Kingsport Pavilion, new Lowe’s, and other commercial development on North Eastman Road, nor do they realize expected growth that will be fostered by strategic city investments, such as the new Higher Education Center and Allied Health building.

Kingsport's unemployment rate also posted a new low in the last quarter, at 3.8 percent, according to the latest survey.

 

 

Kingsport is located on the Tennessee-Virginia border at the crossroads of I-81 and I-26 near the geographic center of the Eastern U.S. This city of 50,000 in a metro of 308,000, was planned by renowned American planner John Nolen in his office at Harvard Square. Located in the lush green foothills of the Tennessee Valley, it is surrounded by the Southern Highlands and mountain lakes. Kingsport is home to Marriott’s www.MeadowViewResort.com and thousands of acres of unique, natural amenities at Bays Mountain and Warriors Path Parks. The natural geography provides a temperate, well-balanced climate with four seasons and a natural shelter from extreme weather. Population growth has also been well-balanced, ensuring you will not outgrow your decision to relocate. With no personal property taxes, special assessments, or state income taxes on salaries/wages, you’ll find that Kingsport has a very low cost of living coupled with an exceptionally high quality of life (see for yourself at www.BestPlaces.net). The regional airport (TRI) has direct flights to Atlanta, Charlotte, Orlando and St. Pete/Clearwater with easy access, parking, and virtually no security lines. The public education system was planned by Columbia University and Newsweek has repeatedly recognized the local high school as one of the best in America. Year in and year out our graduates go on to the top colleges and universities (and without costly private school tuition fees). Harvard also recognized Kingsport in 2009 with the Innovations in American Government Award for its higher education initiative. What are you waiting for? It’s time to leave the high costs, traffic jams, and stress behind and discover this hidden gem.