$13.5M for Knoxville ballpark included in Gov. Lee’s administrative budget

News

KNOXVILLE, Tenn. (WATE) — Governor Bill Lee’s 2021-2022 administrative budget proposal has now been amended to include millions of dollars to help fund the proposed Knoxville Sports Complex.

If passed, the state would contribute $13.5 million to the project. The project is being called a public-private partnership with state lawmakers considering a proposal that would offset public investment in a new stadium by collecting 1.5% of any sales tax generated within a quarter-mile of the center of the proposed $65 million ballpark.

Randy Boyd would donate the land and bring in the team from Sevier County. The sales tax capture bill also stipulates at least $100 million in investment take place within the zone surrounding the stadium.

A group bringing professional soccer to Knoxville said the team could play at the multi-use stadium.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories

Latest News Videos

Maryville Music and Market Nights showcase musicians, vendors

New security protocols in place for Austin-East ahead of school start

Parents, students taking advantage of sales tax holiday, looking forward to school year

Gatlinburg visitors react to bear going into restaurant on Parkway

Emerald Youth hosting carnival bash in South Knoxville

Paint the Town Purple campaign advocating for Alzheimer's Walk 2021