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Kingsport, Food City set to finalize property purchase

December 16th, 2013 10:18 pm by Matthew Lane

Kingsport, Food City set to finalize property purchase

KINGSPORT — Kingsport and Food City are expected to officially sign off on a property purchase along Clinchfield Street this week, a key step in ensuring the carousel project becomes a reality in downtown next year.

 However, the property purchase has been anything but swift in the eyes of some on the Board of Mayor and Aldermen, given that city leaders approved the purchase this past summer and were told more than six weeks ago an agreement had been reached.

 Chris McCartt, assistant to the city manager, told the BMA on Monday that Food City officials felt good about the agreement and were advising Kingsport to move forward with setting a closing date for the purchase.

 McCartt said the city would move forward with getting the necessary signatures on Kingsport’s end, then forward the contract to Food City officials on Tuesday. The goal is to have a signed contract in place by the end of the week.

 The deal involves Kingsport buying back from Food City a 0.6 acre lot along Clinchfield for $140,000. The lot is between the two entrances to the new Food City shopping center and is being purchased to fulfill a promise to Engage Kingsport that Kingsport would build a small city park adjacent to the carousel.

For an expanded version of this article, please see Tuesday's print edition or our expanded electronic edition.

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