Downtown Knoxville stadium proposal enters second inning after a very good week

in Sports

KNOXVILLE, Tenn. (WATE) – The bases are loaded in the effort to the future of bringing a multi-use sports complex to the Old City.

Governor Bill Lee included $13.5 million in his budget proposal to help the sports authority pay for an estimated $65 million public stadium. The budget has now passed.

Also this week, the legislature approved a measure that would allow tax revenue generated inside the stadium to be kept locally, for up to thirty years, to offset the public investment. It allows the sports authority to capture sales tax from any event, ranging from a baseball game to a family reunion.

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