Knoxville Area Association of Realtors Supports TN State SB783 and HB1204

 

Knoxville Area Association of Realtors Supports TN State SB783 and HB1204

KNOXVILLE, Tennessee — The Knoxville Area Association of Realtors today announced its Board of Directors voted overwhelmingly to support state legislation that would create a special tax district surrounding the site of the proposed multi-use stadium in downtown Knoxville, should the project be approved:

“We strongly support and urge all members of the 112th Tennessee General Assembly to vote for Senate Bill 783 and House Bill 1204, sponsored by legislators Massey and Zachary.

This legislation does not represent a vote for or against stadium developments. Rather, its passage will ensure the City of Knoxville and Knox County are equipped with the tools and financing mechanisms necessary to proceed with negotiations and the continued exploration of the proposed multi-use stadium development in downtown Knoxville. 

We believe the proposed stadium project and the associated development represent an important opportunity for the Knoxville Area and fully support our local governments’ effort to bring a formal proposal to their respective governing body for consideration. For this reason, the Knoxville Area Association of REALTORS® and our nearly 5,500 members across East Tennessee ask state legislators to support SB783/HB1204.”

In addition to the statement above, KAAR sent a letter to the Knoxville City Council asking council members to vote in favor of an upcoming resolution in support of the legislation.

###

The Knoxville Area Association of Realtors® is a trade association representing more than five thousand members involved in all aspects of the residential and commercial real estate industries.

 

Staff Contact

Hancen Sale, Governmental Affairs and Policy Director

hancen@kaarmls.com

865-588-6350