New Markets Tax Credit Coalition

Search

Model Mill

Financing for rehab of the Model MIll on West Walnut Street into a new headquarters for a business.

Investment

  • NMTC Amount: $16,600,000
  • Total Project Cost: $19,500,000

IMPACT

  • 148 FTE jobs
  • 150 construction jobs
  • Rehabilitation of a vacant or under-utilized historic structure.

Investor

Project Description

Summers-Taylor Inc. expects to make the Model MIll on West Walnut Street its new headquarters by the end of the year (2020). The highway construction company will occupy one-third of the space inside the refurbished building, which once thrived as a flour mill. The mill was at the risk of becoming more of an eyesore than an iconic downtown Johnson City structure. Summers came to a sound deal with the previous owners and will progress toward a later-half 2018 finish date of his work at the site.

MAP

Address: 620 West Walnut Street, Johnson City, TN 37604

Census Tract: 47179060800

PDF Profile

Site Visits

Other Tennessee Projects

Construction of a new middle school building to expand the current K-5 enrollment to K-8.
The expansion of a manufacturing facility, consiting of a more than 80,000 sq. ft. of new space.
Lauderdale Community Hospital constructed a new, state of the art facility to replace an obsolete hospital in rural Ripley, Tennessee.
Financing to Natureplex to support the purchase and equipping of a new facility