With projections smashed by high materials prices, the actual budget for the planned multi-use stadium won’t be known until this fall.
Weekly Watch: July 25-31, 2022
Every Monday, we run down the week’s public meetings and civic events.
Closing the Gap
A loan from Smokies’ owner Randy Boyd could be used to cover a stadium funding shortfall created by soaring construction materials costs.
Stadium Project Paused
Officials hope construction costs will stabilize later this year, but it won’t be in time for the Smokies to play ball in Knoxville in 2024.
Double Header
After separate votes by the Sports Authority and City Council on Tuesday, key agreements for the multi-use stadium are in place.
Infrastructure Tab
Street improvements and new plazas around the new stadium could cost the city as much as $14 million.
Field Preparation
KCDC commissioners vote to create a TIF district to pay for infrastructure and encourage development around the multi-use stadium.
Weekly Watch: Jan. 24-30, 2022
The first month of 2022 closes out with a busy week of meetings — County Commission and City Council are both in action, along with two different equity task forces and some major decisions on the planned downtown stadium.
Contracts Round Third
Two key agreements for the multi-use stadium are nearly ready for the Sports Authority’s approval.
Safe at Home
On a split vote, City Council gives the final approval needed to move the publicly financed multi-use stadium forward.