Creative Financing for Karns Valley Business Park

Creative Financing for Karns Valley Business Park

The Development Corp. of Knox County is employing a TIF in a seldom-used fashion to help pay for a business park in Northeast Knox County.

by scott barker • October 19, 2018

Karns Valley Business Park will occupy 66 acres of rolling fields adjacent to Karns High School, which can be seen in the background.

The Development Corporation of Knox County’s Board of Directors on Thursday approved a novel tax increment financing deal for developing the Karns Valley Business Park. The board also approved the site preparation and engineering contracts for Karns Valley.
Economic development agencies in Tennessee rarely use tax increment financing.
Located behind Karns High School in Northwest Knox County, the business park property consists of 66 acres of mostly open, rolling ...