KCDC administers more than $6 million annually in redevelopment and community and neighborhood revitalization. The agency has spearheaded several redevelopment projects in downtown Knoxville over the last 30 years including the TVA Twin Towers, City County Building, and the State Street Parking Garage. More recently, the agency has been responsible for redevelopment of Volunteer Landing, Market Square, and the World's Fair Redevelopment Plan just to name a few.

KCDC is also responsible for numerous neighborhood improvement projects in Mechanicsville, Five Points, Lonsdale, and Center City which includes developing two new grocery stores, medical office complexes and more than 100 new housing units.