$114 Million Knoxville Baseball Stadium, to Open in 2025, Relies on Tax Capture Funding

Starting in 2025, the Tennessee Smokies Minor League Baseball Team will have a new $114 million home in East Knoxville.

After a $65 million publicly backed bond sale in late May, the team held a ceremonial groundbreaking at the site last week to discuss the 7,000-seat stadium, touting numbers from Convention, Sports and Leisure International, which claim the stadium will have a positive economic impact for Knoxville residents.

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New Price of Tennessee Smokies Stadium in Knoxville Inflates to $114 Million

Knoxville city leaders recently announced the new multi-use stadium that will host Tennessee Smokies games and other events in the city is now estimated to cost $114 million – up from the project’s original estimate of $65 million. 

According to the city, the inflated final guaranteed maximum price (GMP) for the stadium is due in part to “inflation and record-high construction costs.”

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Member of Senate Committee Considering Legislation for Randy Boyd’s Taxpayer-Funded Baseball Stadium is Employee of Law Firm That Could Benefit From Bill’s Passage


A member of the Senate State and Local Government Committee is an attorney with a law firm that could benefit from the passage of the legislation enabling Randy Boyd’s taxpayer-funded baseball stadium in Knoxville.

Democrat Sen. Jeff Yarbro of Nashville sits on the Senate State and Local Government Committee, the first stop for SB 0783.

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Five Sponsors of Bill Enabling Randy Boyd’s Taxpayer-Funded Baseball Stadium Received More Than $90,000 in Campaign Funds from Individuals with Ties to the Project

Five of the eight sponsors of the bill that will enable a taxpayer-funded stadium for Randy Boyd’s minor league baseball stadium in Knoxville received a total of more than $90,000 in campaign contributions from several individuals who are involved with the proposed project.

All but one of the legislators are from the Knoxville area and all but one are Republicans while three are freshmen.

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Knox County and City of Knoxville to Consider Establishment of a Sports Authority, First Step to a Taxpayer-Funded Stadium for Multi-Millionaire Randy Boyd’s Tennessee Smokies Baseball Team

The establishment of a sports authority that is the first step to a taxpayer-funded stadium for the Tennessee Smokies minor league baseball team owned by multi-millionaire Randy Boyd will be considered by the Knox County Commission at the regularly scheduled work session scheduled for Monday, December 14.
The application for the establishment of The Sports Authority of the County of Knox and the City of Knoxville was signed by Knox County Mayor Glenn Jacobs, City of Knoxville Mayor Indya Kincannon, County Commission Chair Larsen Jay, City Councilmember Gwen McKenzie, well-known local teacher and coach Tommy Schumpert and Dan Brown.

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