It’s seen as a target for graffiti by some, and as a white elephant by others, but local officials agree the former General Mills site along West Walnut Street and West State of Franklin Road is a important piece in the downtown revitalization puzzle.
The Chamber of Commerce’s Chamber Foundation purchased the nearly 5-acre property for $400,000 in June 2008, using a line of credit provided by a partnership of 10 area banks with hopes of opening a new headquarters and a way to spur development near the downtown area.
Since the purchase nearly five years ago, the vacant property hasn’t seen any movement in the area of development. TCI Group-Jerry Petzoldt Agency has been working with the Chamber as the local developer and partner in the project.
Read the full story on the Johnson City Press website.