A detailed 51-page Tax Revenue and Economic Impact Assessment for a proposed publicly-owned multi-use stadium was presented and discussed during a joint City Council and County Commission workshop Thursday evening.
The independent analysis was prepared by Conventions, Sports and Leisure International and can be viewed online at
www.knoxsportsauthority.com or
www.knoxvilletn.gov/stadium.
A sports and entertainment facility is proposed for a site just east of the Old City. If the City and County decide to authorize it, then the Sports Authority would finance, build and manage the stadium.
The stadium, if built, would be leased to Boyd Sports and the Tennessee Smokies AA Southern League baseball team, but the facility would host hundreds of other non-baseball events each year, such as concerts or festivals. As part of a larger redevelopment effort around the stadium, GEM Community Development Group, the private partner to Boyd Sports, is planning to invest more than $100 million to build apartments, condos, restaurants, offices and space for a potential grocery in East Knoxville.