Clinton Mayor Scott Burton announced in a special report on Thursday that a Knoxville developer has entered into an agreement to purchase the former Magnet Knitting Mills site in downtown Clinton.
The property is along Charles G. Seivers Boulevard. It has been a contentious topic of conversation and debate in the Clinton area for several years, according to a press release from Burton, the mayor. He described the Knoxville developer as community-conscious.
“While the current owner has obtained a permit for the demolition of the existing two-story brick building, the potential new owner has another multi-use vision for the site,” the press release said. “Upon completion of the sale and the transfer of the property to the new owner, the City of Clinton will work with the Knoxville owner/developer to rehabilitate the site for future live-work, retail, and commercial use. This rehabilitation would include the renovation of the existing building and preservation of Clinton’s downtown.” [Read more…]