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TVA auction nets $9.1 million for home lots resold after Kingston coal ash cleanup
TVA auction nets $9.1 million for home lots resold after Kingston coal ash cleanup
July 28th, 2015by Dave Flessner
Nearly seven years after a ruptured pond spilled coal ash into the Emory River and its shoreline property, most of the property damaged from the Kingston Fossil Plant spill has been reclaimed and home buyers appear eager to return to the Kingston site.
The Tennessee Valley Authority, which bought more than 1,000 acres damaged from its 2008 spill, sold 62 residential lots over the weekend collectively for nearly $9.2 million. The properties on the eastern shoreline of the Emory River attracted 277 bidders from at least nine states.
The 23 homes on the land TVA is selling back to individual homeowners fetched anywhere from $145,000 to $500,000 each, according to J.P. King, the auction company that sold the properties for TVA. The homes range in size from approximately 1,600 square feet to 7,100 square feet each.
TVA acquired most of the lakefront or lakeview neighborhood following the spill. To clean up the 5.4 million cubic yards of coal ash dumped in the river and its shoreline, TVA operated crews around the clock for years.
....
Contact Dave Flessner at dflessner@timesfreepress.com or at 757-6340.
July 28th, 2015by Dave Flessner
Nearly seven years after a ruptured pond spilled coal ash into the Emory River and its shoreline property, most of the property damaged from the Kingston Fossil Plant spill has been reclaimed and home buyers appear eager to return to the Kingston site.
The Tennessee Valley Authority, which bought more than 1,000 acres damaged from its 2008 spill, sold 62 residential lots over the weekend collectively for nearly $9.2 million. The properties on the eastern shoreline of the Emory River attracted 277 bidders from at least nine states.
The 23 homes on the land TVA is selling back to individual homeowners fetched anywhere from $145,000 to $500,000 each, according to J.P. King, the auction company that sold the properties for TVA. The homes range in size from approximately 1,600 square feet to 7,100 square feet each.
TVA acquired most of the lakefront or lakeview neighborhood following the spill. To clean up the 5.4 million cubic yards of coal ash dumped in the river and its shoreline, TVA operated crews around the clock for years.
....
Contact Dave Flessner at dflessner@timesfreepress.com or at 757-6340.
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