KINGSPORT — Work to renovate and expand J. Fred Johnson Stadium is finally coming to pass.
The Board of Mayor and Aldermen voted unanimously this week to appropriate $4.59 million toward the stadium project. The money will come from a $28.9 million bond issuance, expected to take place next week, with the proceeds going to fund the city’s 2014 capital improvement plan.
The measure requires a second vote by the BMA, scheduled to take place in two weeks.
In addition, the BMA agreed to award the stadium project to the low bidder — GoinsRashCain. The contract is for a guaranteed maximum price of $4.59 million — a stipulation sought by the BMA, though the maximum price was originally set at $4.4 million.
Preliminary work will likely begin this fall with the renovation to the existing grandstand not taking place until after Nov. 4 — the end of the 2013 football season. According to the contract, the deadline for the project is Nov. 7, 2014.
Read more in Thursday’s print edition of the Times-News or in the expanded electronic edition.