![]() The Falls was financed in part with $25 million in general obligation bonds borrowed by the city (and later by additional revenue bonds). ![]() The city purchased 140 acres to create "The Falls" project, with over one million total square feet of mixed use commercial/retail/motel development. In 2013, the city of Bristol and Washington County threatened lawsuits over the city's plans for commercial development at Exit 5 on I-81. The City of Bristol is an independent political jurisdiction, separate from Washington County in Virginia. and jurisdictions compete for tax revenues Proposed new commercial development near Bristol is concentrated on I-81 exits, not downtown. "The Falls" Project on I-81 in Bristol "The Falls" Project on I-81 in Bristol
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