The company produced rayon from 1927 to 1977. After closure, some structures were demolished and waste disposal areas were closed. Land that fronts on Elk Avenue, a main traffic artery, has been redeveloped for consumer-oriented businesses. Parts of former Bemberg structures are used for light industrial purposes. The remainder of the site, northward toward the Watauga River, is the Cherokee Industrial Park, which is owned by the city and being developed for light industrial use.
Several companies occupy buildings in the industrial park.
Bemberg's former landfill and lagoons , now closed, and an inactive wastewater treatment plant lie within the park. The treatment plant had been constructed to eliminate substantive plant discharges into the river. Two ball fields were developed within the industrial park and were closed after a few years. Elizabethton has a population of about 15,000. The closest residence is on property adjacent to the northeast corner of the site.