1962

2010

MeadowView: Then and Now

1991 2006

489 miles

Hampton Roads / Virginia Beach = 453

Outer Banks, NC = 482

Chesapeake Bay (Baltimore, MD) = 432

Lake Erie (Cleveland, OH) = 471

Amish Country / Lancaster, PA = 488

Kingsport

Kingsport is…in Tennessee’s 5th Largest Metro

Nashville-Murfreesboro-Franklin, TN 1,550,733Memphis, TN-MS-AR 1,285,732Knoxville, TN 691,152Chattanooga, TN-GA 518,441Kingsport-Bristol, TN-VA 304,689Clarksville, TN-KY 261,220Johnson City, TN 195,849Morristown, TN 135,914Jackson, TN 112,685Cleveland, TN 112,143Cookeville, TN 102,982Sevierville-Pigeon Forge-Gatlinburg, TN 84,835

Census Bureau, Metropolitan Statistical Area: July 1, 2008

Kingsport is…a proud part of

America’sMountain South

Knoxville, TN 691,152Greenville, SC 624,715Chattanooga, TN-GA 518,441Asheville, NC 408,436Kingsport-Bristol, TN-VA

304,689Charleston, WV 303,944Roanoke, VA 298,108Huntington, WV 284,234Spartanburg, SC 280,738Johnson City, TN 195,849Charlottesville, VA 194,391Anderson (Clemson) , SC 182,285Blacksburg (Virginia Tech) 158,328

Census Bureau, Metropolitan Statistical Area: July 1, 2008

“It has been suggested that the name "Tennessee" originated from the old Yuchi Indian word, "Tana-see," meaning "The Meeting Place," and that this may refer to The Long Island of the Holston River (Kingsport).”

Kingsport's settlement pre-dates the State of Tennessee by 35 years!

1761 British Fort Robinson built in present Kingsport (later taken over by U.S. and renamed Fort Patrick Henry)

1775 Land grant awarded to first King’s Port settler1775-1783 Revolutionary War1779 Sullivan County, NC (later TN) formally established1784-1789 The Lost State of Franklin1796 Tennessee statehood from North Carolina1822 "Old" Kingsport incorporated1861-1865 American Civil War • World War I 1917 "New" Kingsport incorporated (100 years later)1941 World War II (Kingsport – Oak Ridge)2010 249 years after original settlement

Quick Facts

Planned City vs. Present City

The 1999 Economic SummitEconomy in Transition

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

Kingsport Manufacturing Jobs 1990-2010

MeadowView Convention Center

built

The Citizens of KingsportThe Citizens of KingsportThe Board of Mayor and AldermenThe Board of Mayor and Aldermen

Kingsport TomorrowKingsport TomorrowLeadership KingsportLeadership Kingsport

Kingsport Economic Development BoardKingsport Economic Development BoardKingsport Convention & Visitors BureauKingsport Convention & Visitors Bureau

Kingsport Chamber of CommerceKingsport Chamber of Commerce

Mid 1980’sMid 1980’sMayor Norman SpencerMayor Norman Spencer

appoints a Blue Ribbon appoints a Blue Ribbon CommitteeCommittee

Mid 1980’sMid 1980’sMayor Norman SpencerMayor Norman Spencer

appoints a Blue Ribbon appoints a Blue Ribbon CommitteeCommittee

May 3, 1988May 3, 1988Voters reject a bond Voters reject a bond

referendumreferendum

Ballot

YES NO

Ballot

YES NO

1.1. Visited comparable centersVisited comparable centers

2.2. Performed a needs assessmentPerformed a needs assessment

3.3. Added community inputAdded community input

Proposal:Proposal:A civic center & full service A civic center & full service

hotelhotel

Job CreationJob Creation Retail DevelopmentRetail Development Economic DevelopmentEconomic Development Improve Quality of LifeImprove Quality of Life

Citizens Interested in Voting in a Civic CenterCitizens Interested in Voting in a Civic Center

Recession in Recession in the Hospitality the Hospitality

IndustryIndustry

•Eastman ManagementEastman Management

•AFG ManagementAFG Management

•City ManagerCity Manager

•Local BusinesspeopleLocal Businesspeople

Acquest Acquest Realty Realty

AdvisorsAdvisorsMidland, MichiganMidland, Michigan

                         

                         

                         

1.1. Involve the whole community.Involve the whole community.

2.2. Never, never give up.Never, never give up.

3.3. Involve proponents and opponents.Involve proponents and opponents.

4.4. Take risks.Take risks.

Kingsport is… Marriott’s award-winning mountain resort

$28 million expansion now underway!

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 Kingsport Renaissance

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

Excluding churches, hospital, higher education

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

Higher Education Initiative

September 15, 2009

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

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

Eastman’s $1.3 billion “Project Reinvest”

Holston Valley Medical Center $100mm “Project Platinum”

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

#1 Walking City by Walk! Magazine

Dobyns-Bennett High School named Top 4% by Newsweek (x5)

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

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

Association

Materials agreement stimulates creation of 600+ residential lots

4-Year Results1,842 families from 49 states

moved to Kingsport

Top Donor States

1. Virginia

2. Florida

3. North Carolina

4. Kentucky

5. Georgia

6. South Carolina

7. Texas

8. California

9. Ohio

10. New York

Unemployment 2005 2010 Change

Kingsport, City of 9.9% 9.9% 0.0%

Bristol (TN), City of 7.1% 9.0% 1.9%

Hawkins County 7.0% 9.3% 2.3%

Morristown, City of 10.0% 12.4% 2.4%

Sullivan County 6.4% 9.1% 2.7%

Kingsport-Bristol MSA 6.0% 9.0% 3.0%

Washington County 5.6% 8.7% 3.1%

Johnson City, City of 5.7% 8.8% 3.1%

Tri-Cities CSA 6.0% 9.1% 3.1%

Johnson City MSA 6.0% 9.2% 3.2%

Carter County 6.4% 10.0% 3.6%

Tennessee, State of 6.4% 10.1% 3.7%

Oak Ridge, City of 5.0% 8.9% 3.9%

Greene County 9.6% 13.5% 3.9%

U.S. unemployment 5.2% 9.6% 4.4%

NORTHEAST TENNESSEEChange in Unemployment Rate During the “Great Recession”Source: Tennessee Department of Labor and Workforce Development (updated July, 2010)

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

Demographics 1990-2008

Population increased from 36,365 to 47,356

30.2% increase in population

10,991 population increase (if incorporated, would be 6th largest city in NETN or SWVA)

Race

93% White in 2008, down from 94.8% in 1990

White population increased 27.7%

3.7% African-American in 2008, down from 4.4% in 1990

African-American population increased 9.7% to 1,767 total

1.1% Hispanic in 2008, up from 0.3% in 1990

Hispanic population tripled to 380 total

1% Asian in 2008, up from 0.6% in 1990

Asian population doubled to 435 total

Age

Median age decreased from 42.3 to 41.9

Population under 5 yrs of age increased 33.0% to 2,877

Population over 65 years of age increased 27.8% to 9,284

Social and Economic Characteristics

Social characteristics

Bachelor's degree or higher increased 57.5% to 8,148

Foreign born population increased 79.1% to 901

Population 16-64 with a disability increased from 3,550 in 1990 to 10,654 in 2000

Economic characteristics

Labor force grew by 5,695 (or 35.9%) to 21,551

Median family income = $50,076 (up from $30,279 in 1990)

Families below poverty level = 14% (down from 14.3% in 1990)

Individuals below poverty level = 17.7% (down from 18% in 1990)

Manufacturing employment decreased 11.4% to 3,788 (or 18.9% of all jobs)

Education and healthcare employment doubled to 4,800 (or 24% of all jobs)

Housing Characteristics 1990-2008

Housing characteristics

Median value of owner-occupied homes is $103,300 (up from $55,400 in 1990)

6,859 housing units were added from 1990 to 2008 (an increase of 41%)

63.4% of housing units are owner-occupied (up from 58.7% in 1990)

36.6% of housing units are renter-occupied (up from 34.6% in 1990)

More than 50% of homes were built prior to 1969

1,457 single-family attached (condo) units existed in 2008 (up from 504 in 1990)

55% of all householders moved into their home since 2000

1,154 homes are valued over $300,000 (up from 38 in 1990)

15 homes are valued over $1,000,000

1/3 of all homeowners spend more than 25% of their gross income on homeownership

Latest Addition The expansion project at the Meadowview Conference Resort & Convention Center will continue into 2010 with the $14 million expansion of a 22,000-square-foot executive conference wing, catering to high-end meetings, conferences, retreats and weddings. The new two-story building will include two amphitheatres (a 60-seat and 150-seat, both U-shaped), two boardrooms (seating 30 people each), a conference room, and a 5,000-square-foot ballroom.

Pool and Fitness Center

300 rooms with latest Marriott décor and technology

Cattails Golf Cattails at MeadowView is nestled between the

rolling foothills of the Appalachian and Great Smoky Mountains, offering fantastic scenery as you play our challenging par 71 golf course. Golfers of all skill levels enjoy playing this masterpiece course, designed by the renowned Denis Griffiths. Open to the public, the Cattails Golf Course offers everything a golfer could dream of, including spectacular views, beautiful practice facilities, professional instruction and a fully stocked golf shop.

The Future: Aquatic Center $15 million Fitness, Competition, Wellness, Leisure Zero depth entries, ADA accessible Family/assisted changing rooms Indoor-Outdoor All ages and abilities Collocated with new YMCA