KINGSPORT, Tenn. - Downtown Kingsport is showing signs of success.
We learned property values are skyrocketing.
Kingsport officials report taxable property value in the Model City's downtown district jumped more than $22 million during the last year. That's a 20 percent increase in one year.
Kingsport city officials told us while all of downtown is showing a sign of improvement, most of the growth comes from the recent redevelopment of the Kingsport Press area of downtown.
"Having all that happen in five years, to transfer from a closed industry to a retail-medical office and farmer's market hub is a pretty remarkable story of any city," said Jeff Fleming, assistant city manager of development.
We're told Kingsport's downtown property value has nearly doubled since 2000, growing by more than $64 million.
- U.S. Marshals offering a reward for tips in the capture of Timothy England
- Former Kingsport armory coming down for commercial development
- Lexington at Johnson City nursing home to close doors Oct. 31
- Tennessee's Education Commissioner visits local schools
- Medical treatment of accused Volunteer Parkway shooter burdensome