The council will also discuss whether to approve a 1% increase in the city’s hotel and motel tax rate, generating revenue to pay for tourism-related projects.
KNOXVILLE, Tenn. — The Knoxville City Council will meet on Tuesday to discuss and vote on a list of proposals that several different topics.
One proposal would give the Knoxville Community Development Corporation around $6 million to pay for three projects to improve the space surrounding the city’s new downtown stadium.
Another could result in a 10-year Payment In Lieu Of Taxes agreement between the city and developers as they build a new apartment building near the Henley Bridge, which promises to change the city’s skyline. The city could also increase its hotel and motel tax rate by 1% to generate revenue and pay for tourism-related projects.
More information about some of the most significant proposals on the city council’s agenda is available below.
After developers spent …