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.
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.
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.
Stadium Goes 2 for 2
The Sports Authority OKs moving forward with the $80.1 million project while the Planning Commission signs off on the development plan.
Practice Swings
City and county officials dig into the multi-use stadium proposal ahead of key votes on the $80.1 million project.