UPCOMING MEETINGS RELATED TO THE PROPOSED STADIUM PROJECT |
November 28, 2023 Sports Authority Meeting
9 a.m. – 10:30 a.m. - Board Room at KCDC - 901 N. Broadway
December 26, 2023 Sports Authority Meeting
9 a.m. – 10:30 a.m. - Board Room at KCDC - 901 N. Broadway
Upcoming Sports Authority Board Meetings can be found
here.
PRELIMINARY ARTIST RENDERINGS OF THE STADIUM PROJECT |
• Boyd Sports and the Tennessee Smokies AA Southern League baseball team plans to lease the stadium, but the facility would be designed to accommodate other sports and host hundreds of other non-baseball events each year, such as concerts, festivals or soccer games.
• Smokies owner Randy Boyd has agreed to enter into a market-value 30-year lease that would allow the Smokies to play in the new stadium for decades to come. Details on Randy Boyd’s plans for the
Smokies can be found here.
• As part of a larger redevelopment effort around the stadium, GEM Community Development Group, the private development partner to Boyd Sports, is planning to invest more than $100 million to build apartments, condos, restaurants and offices.
• No property taxes will be used to fund the stadium project.
A Tax Revenue & Economic Impact Assessment was conducted by CSL can be found here.
• A
spring 2025 date to start baseball in Knoxville in a new multi-purpose stadium is now likely because of global supply chain issues and a volatile construction market. The original date had been spring 2024.
• The City and County have formed a new Sports Authority to oversee the facility.
Details on the Sports Authority can be found here.