The proposed movie theater will allow people to have dinner during a movie and be waited on and served in their seats, said
"It's going to be good for the Tri-Cities," Freeman said. "We are excited."
The 14-acre property was part of KID's portfolio, but officials were not actively seeking buyers, Freeman said.
Even with this sale, KID will continue to own more than 50 acres of undeveloped property adjacent to the hotel and movie theater site and across from
The sale is expected to close by
Money from the sale will go into KID's realty reserve fund, Freeman said.
KID can't develop property but money from previous land sales was used to loan the
It also can be used to provide matching money needed to get grants.
The Queensgate area has been a recent hotbed of retail development.
Construction is under way on a new big-box retailer -- a Marshalls department store next to
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