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.