Knoxville organization holds public meeting on $80 million downtown stadium

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KNOXVILLE, Tenn. (WATE) — On Tuesday, the public had the opportunity to get involved and ask questions about the multi-purpose stadium planned for Knoxville.

The Knoxville Area Urban League hosted the meeting to discuss the future of the stadium project. The project promoters plan to start construction in February.

“We are very fortunate to have a large and diverse portfolio of successful, high profile projects throughout the Southeast,” said Frank Rothermel, President of Denark Construction Company.

Rothermel, those from the Knoxville Area Urban League, city officials and developers gathered Tuesday evening to answer questions about the construction of the multi-purpose stadium project.

“We want to make sure that anyone living in East Knoxville who wants a job at the stadium has the opportunity to benefit from this great economic development project that is just two blocks from the city league,” said Phyllis Nichols, President of Knoxville. Urban League Zone.

At the meeting, people were able to hear updates on the project design and receive information on ongoing bidding opportunities.

“I think a lot of people are looking for opportunities and that’s what we’re doing here tonight, to try to make sure everyone is aware of the possibilities, whether it’s someone who needs a job or a subcontractor who wants a project or whatever. It’s on all levels,” Rothermel said.

“We are getting closer to having complete construction documentation that will allow us to get accurate pricing and prepare to sign a construction contract,” said Boyd Sports CEO Doug Kirchhofer.

Rothermel added that the estimated cost of the project is somewhere in the $80 million range.

They said once the stadium is built, over time the benefits will far outweigh the costs.

“When we did our initial economic impact study, one of the things we learned was that the experts told us that over a period of 30 years, the construction of the stadium and the initial private development that we envisioned would generate more than $1 billion in economic activity over a 30-year period,” Kirchhofer said.

The goal is to open the stadium by the 2025 baseball season.

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