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Benefits to the Community - A Positive Economic Impact

University Commons is uniquely positioned to bring an important bundle of benefits to the southwest Knoxville area: much-needed grocery and retail shopping for students, local employees and residents; hundreds of new construction and retail jobs; and the welcome environmental remediation of a long-neglected site.

The estimated total economic impact to the area is expected to be $226 million, a boon to the community and a strong foundation for future economic growth and stability.

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Funding Sources

•  New Market Tax Credits

•  The City of Knoxville

•  TIF – Property taxes

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Overall Economic Development Impact
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