The Knoxville City Council approved the purchase of the former East Elementary School site for housing development at its meeting Monday. Interim City Manager Heather Ussery explains the details of this agreement.
“At the beginning of April, the city received an offer to purchase the former East Elementary property from Knoxville Economic Development Commission. We held the public hearing and approved the proposal to purchase the property. KEDC offered $2,500 per lot. They’re requesting to do 10 single-family homes on that property, so that was a total of $25,000. Then an additional $25,000 for a total of $50,000 that will be retained to have a park on the south side of the property. The purchase of the property was approved, as well as the development agreement.”
The Knoxville City Council approved Concept 1 from Confluence as the design for the VA Campus Redevelopment project. Interim City Manager Heather Ussery says this is an important step in the process, and allows the project to move forward.
“The council has had several conversations with the county board of supervisors, as well as the school, because they’re involved in this concept. It was the formal step that the board of supervisors needed to continue their process in issuing bonds, as well as our 28E agreement we’re working through with them. We formally approved that concept and we have it on record that Concept 1 is the concept that we’re working towards.”
City of Knoxville Contributes to Target Industry Analysis Study kniakrls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kniakrls.com Daily Mail and Mail on Sunday newspapers.