The incentives (totaling $4.1 million) have been working their way through the governmental approval process the past two months, first securing the recommendation of the Kingsport Housing and Redevelopment Authority, then the BMA during its regular meeting Tuesday night.
The final approval needs to come from the Sullivan County Commission, which is expected to consider the incentives at its next meeting on Sept. 21.
Mitch Cox (of Johnson City) is developing Riverbend Villa – a 265 unit apartment complex located behind Walmart on Fort Henry Drive. K.D. Moore (of Bristol, Tenn.) is developing the Overlook at Indian Trail – a 168 unit complex located behind the Kmart on E. Stone Drive.
More on the developments from the Kingsport Times-News.