County Commission recommends approval of expanding the TIF district around the new stadium, with an extra layer of assurance.
Moneyball Maneuvers
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.
Recalculating the Cost
With projections smashed by high materials prices, the actual budget for the planned multi-use stadium won’t be known until this fall.
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.
Expanding Downtown
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.
Extra Bases
The city sees an Old City hotel project as the first new development generated by the planned multi-use stadium.
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.