By Tammy Childress and Jeff Keeling A contractor preparing The Falls retail site has agreed to accept delayed payments as the City of Bristol, Va. works toward securing additional funds through revenue bonds, and the anchor tenant, Cabela’s, has accepted a lower incentive amount. Bristol’s Industrial Development Authority (IDA) and Economic Development Committee (EDC) met Friday morning in called session re ...

KINGSPORT – Wellmont Health System is about halfway through its strategic options analysis, a process that has yielded positive comments about the organization’s clinical quality and low cost structure. Earlier this year, Wellmont issued a request for proposals from organizations that might want to align in some fashion with the health system. Nine health systems submitted a proposal, but three of them are ...

RESOLUTION IN SUPPORT OF MAINTAINING LOCAL CONTROL OF HEALTHCARE SYSTEMS WHEREAS, this region is served by two exceptional healthcare systems, community owned, locally governed and committed to providing access to the highest quality care for our citizens; and WHEREAS, choices that would end community ownership and local control of our healthcare systems are being considered, with diminished access and qual ...

Chapter 11  Health Facilities and Resources Part 13  Hospital Cooperation ACT of 1993 Tenn. Code Ann. § 68-11-1303  (2014) 68-11-1303.  Cooperative agreements -- Certificate of public advantage.  (a) A hospital may negotiate and enter into cooperative agreements with other hospitals in the state, if the likely benefits resulting from the agreements outweigh any disadvantages attributable to a reduction in c ...

Eastman's wastewater treatment plant, at left, discharges into the South Fork Holston River. Power still not restored as of early Wednesday evening By Jeff Keeling Eastman Chemical Co.'s first plant-wide power outage since 1998 occurred Wednesday morning and resulted in no injuries, a complete production shutdown, a small methanol release into the air and the release of an as-yet-unknown volume of wastewate ...

First Tennessee Bank has boosted its state-leading market share with a new deal to purchase 13 branches and four remote ATMs from Bank of America in Tennessee. The banks expect the purchase of the branches, including those in Johnson City, Kingsport, Bristol and Greeneville to close later this year, pending regulatory approval. The Memphis-based bank will add approximately $660 million of deposits. First Te ...

The May issue begins The Business Journal's look at summer seasonal business with a feature on fly-fishing guides and retailers. The combination of mountain streams, TVA lakes and multiple rivers means outdoorsmen (and women) have ample opportunities to wet a line. In addition, you'll read about how a group of former AFG employees are re-opening the old AFG plant in Kingsport under the Heritage Glass banner ...

Heritage Glass to begin production by July By Jeff Keeling State and local officials made the announcement April 29: Local investors are purchasing and restarting the Blue Ridge glass plant that AGC North America mothballed in late 2012. The move by the newly formed “Heritage Glass Co.” could create 120 jobs by mid-summer and nearly 250 within five years. Ten private investors, the majority of them former A ...

By Scott Robertson Randy Ratliff runs a guide service called East Tennessee on the Fly. He guides trout fishing expeditions on the Watauga and South Holston Rivers and smallmouth bass fishing expeditions on the Holston River west of Church Hill. “I’ve built up my client base since I was guiding part-time,” he says. “I started guiding full-time in 2000.” Those clients range from businesses that bring teams o ...

By Jeff Keeling Medicare drives the train of hospital system finance, but Mountain States Health Alliance continues looking for innovative ways to control cost and create revenue streams outside the Medicare piece, CEO Alan Levine said. In last month’s issue, we relayed part of a conversation with Levine and Chief Financial Officer Marvin Eichorn about issues facing the hospital system. Discussion points in ...