Jeff Fleming, AICP Jeff Fleming, AICP Assistant City Manager for DevelopmentAssistant City Manager for Development

JeffFleming@KingsportTN.gov

Kingsport, Kingsport, TennesseeTennessee

Is Kingsport a suburb of Knoxville? No, here's a comparison:Austin to San Antonio 1 hr 21 min 79.34 mi

Kingsport to Asheville 1 hr 33 min 85.69 mi

Sacramento to San Francisco 1 hr 34 min 86.92 mi

Kingsport to Knoxville 1 hr 40 min 101.71 mi

Buffalo to Toronto 1 hr 45 min 94.58 miMilwaukee to Chicago 1 hr 46 min 88.88 mi

Hartford to Boston 1 hr 49 min 101.07 mi

Tampa-St Pete to Orlando 1 hr 49 min 106.49 mi

Baltimore to Philadelphia 1 hr 50 min 97.04 mi

Philadelphia to New York 1 hr 52 min 94.18 mi

Richmond to Washington 1 hr 53 min 106.00 mi

Savannah to Charleston 1 hr 54 min 103.74 mi

Savannah to Jacksonville 1 hr 55 min 120.53 mi

Kingsport to Gatlinburg, TN 1 hr 55 min 103.35 mi

Cleveland to Pittsburgh 1 hr 56 min 114.90 mi

Richmond to Virginia Beach 1 hr 58 min 108.80 mi

489 miles417 miles

392 mile

s399 m

iles

281 m

iles

396 miles

350 m

iles

Kingsport, Kingsport, TennesseeTennessee

Logistically Correct

Kingsport is…Kingsport is…the largest city in the largest city in Tennessee’s Tennessee’s 55thth Largest Metro Largest Metro

Nashville-Murfreesboro-Franklin, TNNashville-Murfreesboro-Franklin, TN 1,550,7331,550,733

Memphis, TN-MS-ARMemphis, TN-MS-AR 1,285,7321,285,732

Knoxville, TNKnoxville, TN 691,152 691,152

Chattanooga, TN-GAChattanooga, TN-GA 518,441 518,441

Kingsport-Bristol, TN-VAKingsport-Bristol, TN-VA 304,689 304,689

Clarksville, TN-KYClarksville, TN-KY 261,220 261,220

Johnson City, TNJohnson City, TN 195,849 195,849

Morristown, TN Morristown, TN 135,914 135,914

Jackson, TNJackson, TN 112,685 112,685

Cleveland, TNCleveland, TN 112,143 112,143

Cookeville, TNCookeville, TN 102,982 102,982

Sevierville-Pigeon Forge-Gatlinburg, TNSevierville-Pigeon Forge-Gatlinburg, TN 84,835 84,835

Census Bureau, Metropolitan Statistical Area: July 1, 2008Census Bureau, Metropolitan Statistical Area: July 1, 2008

Kingsport is…Kingsport is…the largest city in the the largest city in the

55thth Largest Metro in Largest Metro inAmerica’sAmerica’s

Mountain SouthMountain South

Knoxville, TNKnoxville, TN 691,152691,152

Greenville, SC Greenville, SC 624,715624,715

Chattanooga, TN-GAChattanooga, TN-GA 518,441518,441

Asheville, NCAsheville, NC 408,436408,436

Kingsport-Bristol, TN-VAKingsport-Bristol, TN-VA304,689304,689

Charleston, WVCharleston, WV 303,944303,944

Roanoke, VARoanoke, VA 298,108298,108

Huntington, WVHuntington, WV 284,234284,234

Spartanburg, SCSpartanburg, SC 280,738280,738

Johnson City, TNJohnson City, TN 195,849195,849

Charlottesville, VACharlottesville, VA 194,391194,391

Anderson (Clemson) , SCAnderson (Clemson) , SC 182,285182,285

Blacksburg (Virginia Tech)Blacksburg (Virginia Tech) 158,328158,328

Census Bureau, Metropolitan Statistical Area: July 1, 2008Census Bureau, Metropolitan Statistical Area: July 1, 2008

1761 - British Fort Robinson (later taken by U.S. and renamed Fort Patrick

Henry)

1779 - Sullivan County, NC (later TN) formally established

1784-1789 The Lost State of Franklin

1796 - Tennessee statehood from North Carolina

1822 - "Old" Kingsport incorporated

1861-1865 - Civil War

1865-1877 Reconstruction

1914-1918 World War I

1917 - "New" Kingsport incorporated (nearly 100 years after “Old”

Kingsport)

2010 = 249 years after original settlement

Kingsport’s settlement pre-dates the Kingsport’s settlement pre-dates the State of Tennessee by 35 yearsState of Tennessee by 35 years

Kingsport (1917)Kingsport (1917)A John Nolen planned city

Planned City vs. Present CityPlanned City vs. Present City

DID YOU KNOW?Most of us were annexed at

some point. Only 29% of BMA, 20% of BOE, and 22% of City’s

Leadership Team live in original city limit

The 1999 Economic SummitThe 1999 Economic SummitEconomy in TransitionEconomy in Transition

► ““Last one out, turn out the lights”Last one out, turn out the lights”► Major manufacturing closures/lay-offsMajor manufacturing closures/lay-offs► Eastman spin-off from KodakEastman spin-off from Kodak► Major changes in elected officialsMajor changes in elected officials► Major changes in leadershipMajor changes in leadership► ““Rustbelt” cityRustbelt” city► Call to actionCall to action► A new day, a new planA new day, a new plan

Kingsport Manufacturing Jobs 1990-2010

MeadowView Convention Center built

“Life is change. Growth is optional. Choose wisely.”

•Higher Education (Educate & Grow)

•Recruit people Recruit people (educated with income)•Retail amenities•Accessibility (airport)•Quality of life amenities•Commitment to education

•Small business & entrepreneurs

•Public arts, sculpture, music, cultural amenities

•Leisure/hospitality/sports tourism

•Redevelopment (inc. downtown)

Where We WereWhere We WereThe 1999 Economic SummitThe 1999 Economic Summit

Six Major Non-Traditional Economic Development Six Major Non-Traditional Economic Development InitiativesInitiatives

Broad Street Redevelopment Concept Plan 2001

HighlightsHighlights► 2007 – Record year for new investment ($164.48 million)2007 – Record year for new investment ($164.48 million)

► 2008 – a record year for new investment (22008 – a record year for new investment (2ndnd year in a row) $180.9 million year in a row) $180.9 million

► Eastman’s $1.3 billion “Project Reinvest”Eastman’s $1.3 billion “Project Reinvest”

► Holston Valley Medical Center $100mm “Project Platinum” Holston Valley Medical Center $100mm “Project Platinum”

► Holston Medical Group’s new 6-story building ($40mm) Holston Medical Group’s new 6-story building ($40mm)

► #1 Walking City by Walk! Magazine#1 Walking City by Walk! Magazine

► Dobyns-Bennett High School named Top 4% by Newsweek (x6)Dobyns-Bennett High School named Top 4% by Newsweek (x6)

► 2009 – new elementary school opens – first in nearly 60 years! 2009 – new elementary school opens – first in nearly 60 years!

► MeadowView won “best in class” in 4 categories from North American MeadowView won “best in class” in 4 categories from North American

Lodging AssociationLodging Association

► Materials agreement stimulates creation of 750+ residential lotsMaterials agreement stimulates creation of 750+ residential lots

Overall Positive Movement on All FrontsOverall Positive Movement on All Fronts

•Population increased 30.2% from 36,365 to 47,356 (10,991 new residents)•If incorporated, would be the 6th largest city in NE TN or SW VA

•41% larger than Abingdon or Wytheville, VA•160% larger than Rogersville or Jonesborough, TN

•Median age decreased from 42.3 to 41.9•Population <5 increased 33%•Population >65 decreased 27.8%•Labor force grew by 35.9% (or 5,695 people)•Median family income = $50,076 (up from $30,279 in 1990)•Families below poverty level decreased to 14%•Median value of owner-occupied homes increased 86%•6,859 new housing units (41% increase)•63.4% of housing units are owner-occupied (up from 58.7% in 1990)•More than 50% of homes were built prior to 1969•55% of all householders moved into their home since 2000•1,154 homes are valued over $300,000 (up from 38 in 1990)

Single females still highest Single females still highest risk:risk:

CITY OF KINGSPORT, TN 2000 2008 ChangeFemale 54.3% 54.7% 1%65+ population who is female 64.1% 63.5% -1%Families below poverty level 14.2% 14.0% -1% w/ female householder no husband present 42.3% 46.3% 9% with children under 18 53.1% 60.8% 15% with children under 5 62.6% 85.6% 37%What are we doing about it locally?

•Education! Education! Education!•Training-Transit-Childcare Cooperative•Educate & Grow Scholarship (free tuition to community college)•GED Test Scholarship (we’ll pay your testing fee)•Access to higher education opportunities (convenient to Kingsport)•Assessment Center in Academic Village to help with career path

Employment in Kingsport, TN-VA MSA

January 1990 % of All Jobs July 2010 % of All

Jobs

Change (Jan 1990-July 2009)

Trade, Transportation and Utilities 22,900 21.60% 23,100 20.09% 200

Manufacturing 36,300 34.25% 20,500 17.83% -15,800

Education and Health Services 10,000 9.43% 19,000 16.52% 9,000

Government 12,600 11.89% 14,900 12.96% 2,300

Leisure and Hospitality 6,500 6.13% 12,400 10.78% 5,900

Professional and Business Services 6,200 5.85% 7,900 6.87% 1,700

Mining, Logging, Construction 3,100 2.92% 6,400 5.57% 3,300

Financial 3,100 2.92% 4,200 3.65% 1,100

Other Services 3,400 3.21% 4,400 3.83% 1,000

Information 1,900 1.79% 2,200 1.91% 300

TOTAL 106,000 100.00% 115,000 100.00% 9,000 <= Net New Jobs

Source: http://www.bls.gov/eag/eag.tn_kingsport_msa.htm

26-Aug-10

Where We Are NowWhere We Are Now

DIVERSIFICATION9,000 Net New Jobs

Employment in Kingsport MSA

1990 2010

NORTHEAST TENNESSEENORTHEAST TENNESSEEChange in Unemployment Rate During the “Great Change in Unemployment Rate During the “Great

Recession”Recession”Source: Tennessee Department of Labor and Workforce Development (updated July 2005 compared to July Source: Tennessee Department of Labor and Workforce Development (updated July 2005 compared to July

2010)2010)

Why Kingsport?Why Kingsport?USA Today (Sept 2007): USA Today (Sept 2007):

“1 in 8 workers leave by 6 a.m.”“1 in 8 workers leave by 6 a.m.”

► My commute to Downtown is a grand total of 10 My commute to Downtown is a grand total of 10 minutesminutes

► I can be at my daughter’s school in 6 minutesI can be at my daughter’s school in 6 minutes► I can be at 2 different hospitals in less than 6 I can be at 2 different hospitals in less than 6

minutesminutes► I can be riding a bike on an 8-mile greenbelt in 5 I can be riding a bike on an 8-mile greenbelt in 5

minutesminutes► I can be in a 3500 nature preserve in a I can be in a 3500 nature preserve in a

mountaintop park in 19 minutesmountaintop park in 19 minutes► I can be walking around a lakefront park in 12 I can be walking around a lakefront park in 12

minutesminutes► I can be at the airport (& park at the front door) in I can be at the airport (& park at the front door) in

20 minutes20 minutes► I can be at 100 different national retailers in under I can be at 100 different national retailers in under

6 minutes!!6 minutes!!

For the same quality of life provided by $50,000 in For the same quality of life provided by $50,000 in Kingsport, you’d need:Kingsport, you’d need:

Why Kingsport?Why Kingsport?Total Total City & CountyCity & County property taxes on a $200,000 home = $2,035 property taxes on a $200,000 home = $2,035

per yearper year  

► No solid waste, garbage, trash or recycling feesNo solid waste, garbage, trash or recycling fees

► No special school taxNo special school tax

► No special district tax (fire, parks, etc.)No special district tax (fire, parks, etc.)

► No wheel tax in Sullivan CountyNo wheel tax in Sullivan County

► No state income tax on salaries/wagesNo state income tax on salaries/wages

► No personal property taxNo personal property tax

► No vehicle inspection feesNo vehicle inspection fees

► No annual vehicle taxes of any kindNo annual vehicle taxes of any kind

► Internationally accredited police and fire departmentsInternationally accredited police and fire departments

There is a place…There is a place… Where the hottest summer days are like New England, but the Where the hottest summer days are like New England, but the

annual snowfall is 34 inches lessannual snowfall is 34 inches less Where the annual high/low temperatures are like the California Wine Where the annual high/low temperatures are like the California Wine

Country (without the faultline)Country (without the faultline) Where the average winter days are like Atlanta or Charlotte, but the Where the average winter days are like Atlanta or Charlotte, but the

summers have 35 fewer days of sweltering above-90-degree heatsummers have 35 fewer days of sweltering above-90-degree heat Where the #of days >90 degrees are half that of the Colorado Where the #of days >90 degrees are half that of the Colorado

Rockies at Denver (and the winters have 45 fewer inches of snowfall)Rockies at Denver (and the winters have 45 fewer inches of snowfall) Where lush green vegetation is naturally maintained by rainfall Where lush green vegetation is naturally maintained by rainfall

amounts comparable to the Pacific Northwestamounts comparable to the Pacific Northwest Where nature’s beauty unfolds in four balanced seasons Where nature’s beauty unfolds in four balanced seasons  Where the natural watershed scored a perfect 100 out of 100 Where the natural watershed scored a perfect 100 out of 100  That’s equidistant from every major metropolitan market in the That’s equidistant from every major metropolitan market in the

eastern United Stateseastern United States Oh, and did I mention it is consistently one of the most affordable Oh, and did I mention it is consistently one of the most affordable

places to liveplaces to live Mix in some of the nicest, most accommodating people in the Mix in some of the nicest, most accommodating people in the

world… world…  And you have Kingsport, TennesseeAnd you have Kingsport, Tennessee

Read more at: http://www.newsweek.com/id/39380/?s=kingsport

Only 8 Tennessee Schools made the list:Dobyns-Bennett (Kingsport)Farragut (Knoxville area)Collierville (Memphis area)Ravenwood (Nashville area)Hillsboro (Nashville)Brentwood (Nashville area)Hume-Fogg Academic (Nashville)Martin Luther King Academic Magnet (Nashville)

82 Virginia schools made the list – Patrick Henry (Roanoke) being closest52 NC schools made the list – Roberson (Asheville) being closest19 SC schools made the list – with 12 being in the Upstate11 KY schools made the list – with none in Southeast Kentucky3 WV schools made the list – all in the Charleston metro area

2 years free tuition to H.S. graduates

Childcare

Public Transit

$17 million local capital funding

2,100 students

2002 – Applied Technology

2008 – Health Professions

2009 – Higher Education

2009 – Advanced Manufacturing

Future – Automotive Tech

First LEED certified, publicly funded green higher education building in Tennessee

Direct Flights to 8 Cities

Direct flights toDirect flights to 6 Cities:6 Cities:

AtlantaAtlantaCharlotteCharlotteChicagoChicagoDetroitDetroitOrlandoOrlando

St. Pete/ClearwaterSt. Pete/Clearwater

Closest Neighboring Closest Neighboring Airports:Airports:

TRI-Asheville (90 miles)TRI-Asheville (90 miles)TRI-Knoxville (112 miles)TRI-Knoxville (112 miles)

Variety of Housing ChoicesVariety of Housing Choices

Built: 1928, 5 BR, 2570 sf$309,900 ($3,154 taxes)

Built: 2006, 4 BR, 2768 sf$294,500 ($2,997 taxes)

Built: 1996, 5 BR, 6674 sf$699,900 ($7,123 taxes)

Built: 2009, 3 BR, 1963 sf$199,900 ($2,034 taxes)

Built: 2008, 3 BR Attached Home 2174 sf $239,900 ($2,441 taxes)

Built: 2008, 2BR Patio Home 1744 sf $199,900 ($2,034 taxes)

San FranciscoSan Francisco

Alexandria, VirginiaAlexandria, Virginia

These stores have joined These stores have joined the Kingsport market the Kingsport market

since 2005since 2005

……and unique, local shopsand unique, local shops

Kingsport is… Kingsport is… Marriott’s award-winning mountain Marriott’s award-winning mountain

resortresort

$30 million expansion completed Nov., 2010

6 minutes from Downtown

Cattails Golf

$88,321,240 in spin-off private taxable investments

(1998-2009 Sullivan Co Public Tax Records)

The 1 year increase from 2008-2009 ($22,576,400) was greater than the total property value in 1998 ($22,496,860)

Downtown Downtown Kingsport Kingsport RenaissanceRenaissance$37,666,900 in private taxable investment (1998-2009), a 70% increase in 11 years

Excluding churches, hospital, higher education (an additional $129,000,000)

ResultsResultsJuly 2006-October 2010July 2006-October 2010

2,025 families from 1,574 different 2,025 families from 1,574 different communities in 49 states moved communities in 49 states moved to Kingsportto Kingsport

Top Donor StatesTop Donor States1.1. VirginiaVirginia

2.2. FloridaFlorida

3.3. North CarolinaNorth Carolina

4.4. KentuckyKentucky

5.5. GeorgiaGeorgia

6.6. South CarolinaSouth Carolina

7.7. TexasTexas

8.8. CaliforniaCalifornia

9.9. OhioOhio

10.10. MichiganMichigan

11.11. New YorkNew York

12.12. MarylandMaryland

13.13. PennsylvaniaPennsylvania

City of Kingsport Population

Annual Economic Impact of NewcomersAnnual Economic Impact of Newcomers

An example of Kingsport, TennesseeAn example of Kingsport, Tennessee

► 444 444 netnet new residential water connections new residential water connections (July 1, 2006 – October (July 1, 2006 – October 31, 2010)31, 2010)

► Census average = 2.3 persons per householdCensus average = 2.3 persons per household► 444 x 2.3 = 1,021 new residents 444 x 2.3 = 1,021 new residents (with City water/Sullivan County/Kingsport (with City water/Sullivan County/Kingsport

zip code)zip code)

► $25,000 economic impact per year per person $25,000 economic impact per year per person (UNC (UNC Wilmington, 2010)Wilmington, 2010)

► $25,000 x 1,021 = $25,000 x 1,021 = $25,525,000$25,525,000 Consuming services and creating demand for jobs in medical, Consuming services and creating demand for jobs in medical,

pharmacy, finance, insurance, real estate, food, retail, etc.pharmacy, finance, insurance, real estate, food, retail, etc. Not a bad return on investment for $55,000 annual budget for Not a bad return on investment for $55,000 annual budget for

“Move To Kingsport” program“Move To Kingsport” program

Retire Tennessee CommunitiesRetire Tennessee CommunitiesSorted by % Residing in Different State in 1995

Resided in Different State in 1995 (Total

Population)

Resided in Different State 1 Year Ago* (Total Population)

Median Household Income

County 2000 % of Population 2008 % of

Population 2000 2008 Change

Cumberland County, TN 6,571 14.04% 1,933 3.66% $ 30,901 $ 37,706 22.0%

Henry County, TN 3,610 11.60% 1,167 3.69% $ 30,169 $ 36,758 21.8%

Hamilton County, TN 32,938 10.70% 11,710 3.55% $ 38,930 $ 46,505 19.5%

Putnam County, TN 6,270 10.06% 2,375 3.40% $ 30,914 $ 36,115 16.8%

TENNESSEE 567,966 10.0% 185,827 3.02% $ 36,360 $ 43,662 20.1%

Jefferson County, TN 4,337 9.8% 2,146 4.28% $ 32,824 $ 39,341 19.9%

Lincoln County, TN 3,051 9.74% 750 2.29% $ 33,434 $ 42,699 27.7%

Sullivan County, TN 13,363 8.73% 4,738 3.09% $ 33,529 $ 40,377 20.4%

Greene County, TN 5,061 8.0% 1,626 2.47% $ 30,382 $ 36,192 19.1%

Hardin County, TN 1,868 7.30% 586 2.25% $ 27,819 $ 31,231 12.3%

Robertson County, TN 3,437 6.31% 1,279 2.02% $ 43,174 $ 48,375 12.0%

EXAMPLE OF 35 MI

SAMPLE MONTHLY REPORT

Free data (in this case, interactive!):Free data (in this case, interactive!):Fortune Magazine (2008) Where Americans Are MovingFortune Magazine (2008) Where Americans Are Movinghttp://www.forbes.com/2010/06/04/migration-moving-wealthy-interactive-counties-map.htmlhttp://www.forbes.com/2010/06/04/migration-moving-wealthy-interactive-counties-map.html

KingsportSullivan Co,Tennessee

VicksburgWarren Co,Mississippi

WilmingtonMetroBrunswick Co,North Carolina

BristolWashington Co,Virginia

YMCA and YMCA and Aquatic Aquatic CenterCenter

► $15 million$15 million► Fitness, Competition, Wellness, Fitness, Competition, Wellness,

LeisureLeisure► Zero depth entries, ADA accessibleZero depth entries, ADA accessible► Family/assisted changing roomsFamily/assisted changing rooms► Indoor-OutdoorIndoor-Outdoor► All ages and abilitiesAll ages and abilities► Collocated with new YMCACollocated with new YMCA► Construction 2011, Completion 2012Construction 2011, Completion 2012

V.O. Dobbins, Sr.V.O. Dobbins, Sr.Community Community

CenterCenter► $8.2 million / 46,000 sf$8.2 million / 46,000 sf►Gym Space / BallfieldsGym Space / Ballfields► Community RoomsCommunity Rooms►Non-Profit CenterNon-Profit Center

Aquatic Aquatic CenterCenter

► $15 million$15 million► Fitness, Competition, Wellness, Fitness, Competition, Wellness,

LeisureLeisure► Zero depth entries, ADA accessibleZero depth entries, ADA accessible► Family/assisted changing roomsFamily/assisted changing rooms► Indoor-OutdoorIndoor-Outdoor► All ages and abilitiesAll ages and abilities► Collocated with new YMCACollocated with new YMCA► Construction 2011, Completion 2012Construction 2011, Completion 2012

Wetlands ProjectWetlands Project

► Reedy Creek and Horse Creek traverse 28 Reedy Creek and Horse Creek traverse 28 miles across Kingsportmiles across Kingsport

► 1,600 acres of undevelopable floodway1,600 acres of undevelopable floodway► 8,000 acres of adjoining flood fringe8,000 acres of adjoining flood fringe► Cutting edge commitment to Cutting edge commitment to

environmental stewardshipenvironmental stewardship► Kingsport has the greatest opportunity to Kingsport has the greatest opportunity to

make the biggest impact in the regionmake the biggest impact in the region► City assume ownership (or conservation City assume ownership (or conservation

easement) of undevelopable lands, easement) of undevelopable lands, natural filter for watershednatural filter for watershed

► Tax break for landownersTax break for landowners► First mitigation sites are adjacent to John First mitigation sites are adjacent to John

B. Dennis Highway and East Stone DriveB. Dennis Highway and East Stone Drive

Parking GarageParking Garage► $4.5 million / 364 spaces / 3 levels$4.5 million / 364 spaces / 3 levels► Money already availableMoney already available► No additional bonds to be soldNo additional bonds to be sold► Public restrooms for special eventsPublic restrooms for special events► Construction starts after ChristmasConstruction starts after Christmas► Opening late Summer 2011Opening late Summer 2011► 10,000 sf of privately-funded development space (2-3 10,000 sf of privately-funded development space (2-3

levels)levels)► Parking will remain FREE for the foreseeable futureParking will remain FREE for the foreseeable future► Developer has extensive experience in rebirth of Developer has extensive experience in rebirth of

Chattanooga and Knoxville downtownsChattanooga and Knoxville downtowns

Mountain Region Family Mountain Region Family Medicine at Kingsport PressMedicine at Kingsport Press

•Clinchfield at Sullivan•$18.5-$24 million redevelopment•Former Book Printing Factory•Downtown Kingsport•70,000 new medical visits per year

Food City at Kingsport PressFood City at Kingsport Press

CLIN

CH

FIE

LD S

T

CENTER ST

PRESS ST

RO

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Farmer’s Market at Kingsport PressFarmer’s Market at Kingsport Press

Rendering of Possible Phase 2 Kingsport Press

The Future: Kingsport Public Library The Future: Kingsport Public Library ExpansionExpansion

Consumer ExpendituresConsumer Expendituresfor Retail Marketingfor Retail Marketing

Dunkin DonutsDunkin DonutsRetail Market AnalysisRetail Market Analysis

►Requirements:Requirements:

Residential population of 15,000 within 3-Residential population of 15,000 within 3-minute drive timeminute drive time

and 25,000 within 5 minute drive time and 25,000 within 5 minute drive time (suburban)(suburban)

and local median household income above and local median household income above $30,000 ($14.42/hr) – min wage is $7.25/hr$30,000 ($14.42/hr) – min wage is $7.25/hr

2010 2005Differenc

e

Gasoline $ 2,890 $ 2,124 36.0%Mobile Phone (3) $ 2,496 $ 1,345 85.5%1 pack of cigarettes/day @ $5 ea $ 1,825 Car Insurance (2) $ 1,727 $ 1,876 -8.0%2-liters of bottled water/day @ $1.99 ea $ 1,453 Electricity $ 1,298 $ 726 78.8%County Property Taxes $ 1,222 $ 1,182 3.5%Cable TV $ 1,214 $ 740 64.2%City Property Taxes $ 1,113 $ 1,055 5.5%Natural Gas $ 864 $ 881 -2.0%Water + Sewer $ 598 $ 766 -21.9%

Private garbage disposal ($26/month) an 11% increase since May $ 316

Minimum wage = $15,080 per yearMinimum wage = $15,080 per year $17,746

10-Mar-10 Convenience Stores Specialty Foods Nearest

TDOT Traffic Count 5-Minutes Potential Actual

Surplus or (Unmet

Demand)Potential Actual

Surplus or (Unmet

Demand)

120 E Stone (at Wellmont)

$ 1,395,756

$ 209,220

($1,186,536) $ 820,978 $ 363,903 ($457,075

) 35,046

101 E Jackson / Jborough

$ 542,891

$ 440,168

($102,723) $ 321,145 $ 266,615 ($54,530) 30,197

1702 W Market St / JC $

1,757,267 $

2,477,555 $720,288

$ 1,006,963

$ 2,049,263 $1,042,30

0 28,846

1600 W Stone Dr / Kpt $

1,361,788 $

166,792 ($1,194,996) $ 800,156 $ 18,866

($781,290)

27,804

4222 Ft Henry Dr / Kpt $

737,141 $

205,098 ($532,043) $ 443,315 $ 44,533

($398,782)

26,572

4101 Ft Henry Dr / Kpt $

724,175 $

200,991 ($523,184) $ 435,660 $ 39,329

($396,331)

26,572

3583 W Market St /JC $

652,914 $

1,036,634 $383,720 $ 374,842 $ 879,591 $504,749 24,333

5690 Hwy 11E Piney Flats

$ 272,432

$ 62,099

($210,333) $ 159,456 $ - ($159,456

) 23,505

2000 N Eastman / Kpt $

1,209,706 $

161,990 ($1,047,716) $ 720,616 $ 581,850

($138,766)

23,230

3900 Bristol Hwy / JC $

400,236 $

641,692 $241,456 $ 235,993 $ 829,554 $593,561 22,615

1716 Volunteer/ Bristol $

504,208 $

114,633 ($389,575) $ 294,426 $ 5,007

($289,419)

22,272

Dunkin DonutsDunkin DonutsRetail Market AnalysisRetail Market Analysis

Dunkin DonutsDunkin DonutsRetail Market AnalysisRetail Market Analysis

Kingsport has the Kingsport has the highest unmet highest unmet retail market retail market

demand in the Tri-demand in the Tri-CitiesCities

15-Minutes Potential Actual SaturationMotor Vehicle Parts & Dealers

$277,540,878 $331,279,619 $53,738,741

Furniture & Home Furnishing Stores

$31,415,265 $18,263,925 ($13,151,340)

Electronics & Appliance Stores

$28,009,660 $29,380,697 $1,371,037

Building Material & Garden Equipment & Supply Dealers

$146,911,940 $133,741,856 ($13,170,084)

Food & Beverage Stores

$160,960,266 $130,567,155 ($30,393,111)

Health & Personal Care Stores

$80,214,559 $165,211,507 $84,996,948

Clothing & Clothing Accessories Stores

$50,982,929 $45,565,107 ($5,417,822)

Sporting Goods, Hobby, Book & Music Stores

$22,606,195 $17,074,975 ($5,531,220)

General Merchandise Stores

$154,998,941 $251,816,647 $96,817,706

Miscellaneous Store Retailers

$33,629,214 $36,970,388 $3,341,174

Foodservice & Drinking Places

$104,851,058 $164,465,744 $59,614,686

TOTAL $1,092,120,905 $1,324,337,620 $232,216,715

Johnson City is oversaturated in every category, Bristol is oversaturated in all but 3 categories

2010 Market Potential2010 Market PotentialRed = underserved categoriesRed = underserved categories

Kingsport Johnson City Bristol

Motor Vehicle Parts & Dealers $277,540,878 $343,979,658 $184,741,741

Furniture & Home Furnishing Stores

$31,415,265 $38,262,933 $20,748,716

Electronics & Appliance Stores $28,009,660 $35,966,932 $18,977,653

Building Material & Garden Equipment & Supply Dealers

$146,911,940 $172,085,453 $96,962,202

Food & Beverage Stores $160,960,266 $193,112,698 $108,775,860

Health & Personal Care Stores $80,214,559 $92,408,786 $55,339,720

Clothing & Clothing Accessories Stores

$50,982,929 $68,571,670 $33,848,621

Sporting Goods, Hobby, Book & Music Stores

$22,606,195 $30,722,220 $15,411,730

General Merchandise Stores $154,998,941 $192,434,278 $104,191,661

Miscellaneous Store Retailers $33,629,214 $41,608,765 $22,758,414

Foodservice & Drinking Places $104,851,058 $134,737,927 $71,661,740

$ 1,092,120,905 $

1,343,891,320 $

733,418,058

              

                        

Jeff Fleming, AICP Jeff Fleming, AICP Assistant City Manager for DevelopmentAssistant City Manager for Development

JeffFleming@KingsportTN.govJeffFleming@KingsportTN.gov

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