Kingsport City Leaders Have Approved An Agreement To Transfer Ownership Of The Parking Lot On West New Street To The Industrial Development Board. City Manager, Chris Mccartt Said Since The Property Was Acquired In The Bank Building Deal, The Property Has Received Minimal Use. The Lot, Which Is Across From Chef’s Pizza, Is Speculated To Be A Possible Mixed-Used Or Hotel Development Site. Actual Future Plans For The Land Are Still Unknown.