Tuesday, December 21

Midway is now farm land!

The math is simple. Knox County paid about $40,000 per acre for land that had the POTENTIAL to be zoned for commercial or industrial use. Now it owns land that can ONLY be zoned for agricultural use. It is now worth about $5,000 per acre. A large loss of real value, real money. Midway is now farmland! Story published by Knoxville News Sentinel