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Monday, July 09, 2012
The International Storytelling Center May Get a New Owner The Town of Jonesborough is expected Monday to make a bid to take over ownership of The International Storytelling Center Complex in Tennessee’s oldest town. The International Storytelling Festival organization has just completed filing bankruptcy and has given up hope of being able to retain ownership of property under reorganization. Jonesborough Mayor Kelly Wolfe tells us what they're hoping to do is to have the town purchased the property. Rural development division of apartments agriculture is the lienholder of the $1.3 million real estate. The town is hoping to be able to lease space back to the International Storytelling Organization to offset the indebtedness in purchasing the building. (CS)
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