The fourth formal meeting of the Sports Authority will be at 9 a.m. Tuesday, Aug. 31, 2021 at the City of Knoxville Public Works Service Center, 3131 Morris Ave.
The Authority is studying strategies for a proposed City- and County-owned multi-use stadium project east of the Old City.
The agenda can be found here:
https://bit.ly/3ktQvIx
The stadium – if authorized by the City and County – would be financed, built and managed by the Sports Authority, with $10 million to $16 million in private investment in the form of a donation from developer Randy Boyd and a $13.5 million state of Tennessee economic development grant.
The proposal calls for the stadium to be leased to Boyd Sports for use by the Tennessee Smokies AA Southern League baseball team for roughly $1 million a year, but the stadium would host hundreds of other non-baseball events each year, such as soccer matches, concerts or festivals. As part of a larger redevelopment effort around the stadium, GEM Community Development Group, the private partner to Boyd Sports, is committed to investing more than $100 million to build apartments, condos, restaurants, offices and space for a potential grocery in East Knoxville.