REDEVELOPMENT

As the official redevelopment agency for the City of Knoxville, KCDC and its board of directors oversee the approval of tax increment financing and payment in lieu of taxes.

In partnership with the city’s department of Community Development, KCDC manages redevelopment projects and sectors. KCDC has spearheaded several redevelopment projects in downtown Knoxville, including Market Square and World’s Fair Park. KCDC currently is working on projects that will expand the downtown footprint and offer new restaurant, retail, business and residential options to Knoxville.

Additionally, KCDC is responsible for multiple neighborhood improvement projects in the community. Successful projects include Mechanicsville, Lonsdale and the Five Points neighborhood.