By RICK WAGNER
rwagner@timesnews.net
KINGSPORT — The Kingsport Economic Development Board has sold the last piece of property it owned along Martin Luther King Drive to the Kingsport Housing and Redevelopment Agency.
Elaine Bodenweiser of the Kingsport Area Chamber of Commerce said the KHRA paid the KEDB $200,000 in cash to retire part of a KEDB promissory note. The remaining amount on the note, a little more than $120,000, was issued into a new promissory note and first deed of trust on the p r o p e r t y.
City Manager John Campbell said he and city leaders hope the property is soon redeveloped. He said the property would be prime for multistory townhouses and some restaurants.
