The tab has risen to $114 million, but Boyd’s extended commitment means no additional public funds would go toward construction.
A New Hotel for the Old City
A $20 million development is planned near the stadium site, but warehouse demolition concerns historic preservationists.
2022 Revue: City of Knoxville
Change was a constant in city government this year, from stadium financing to taxes to KPD and more.
TIF District Basics
Officials say the South Waterfront shows tax-increment financing districts like the one proposed for the stadium area can help spur growth.
A revised financing plan for the new stadium near the Old City includes a loan to cover increasing costs and an expanded tax district to help pay for it.
After taking a breather, developers David Dewhirst and Mark Heinz are lining up projects north and east of the city’s core.
Council OKs Hotel PILOT
A 10-year tax incentive should enable developer Nick Patel to finance a hotel in the Old City near the planned multi-use stadium.
Stadium Costs Come into Focus
The proposed publicly financed sports and entertainment venue would have a higher sticker price but cost less to finance than previously estimated.
At a block party thrown by stakeholders in the proposed stadium near the Old City, area residents give the project largely positive reviews.
Stadium Timeline Set
The public process for consideration of a multi-purpose stadium will include public meetings and multiple votes throughout the rest of the year.