The Knox County Commission on Monday officially was handed the first piece of a multimillion-dollar financial proposal that would relocate Regal Entertainment Group’s corporate headquarters from the Halls community to the South Knoxville waterfront and keep the movie theater giant in East Tennessee.
Commissioners opted to forward the
proposal without a recommendation to next Monday's voting meeting. They
did not publicly discuss the matter.
Knox County Finance Director
Chris Caldwell, at the request of Knox County Mayor Tim Burchett, added
the $1.5 million funding proposal to the board’s work session agenda on
The commission will publicly address the matter during next
Monday’s monthly voting session.
Burchett issued a statement
Monday about the potential move: “Whenever we have a chance to invest in
growing new jobs or keeping existing ones here in Knox County, I want
to be part of that conversation. When considering this type of
investment, we always have to make sure it makes sense for the
taxpayers. I look forward to being able to provide additional details
about this exciting opportunity in the near future.”
meeting, Commission Chairman Dave Wright said: "It's economic
development. This is about jobs, and Mayor Burchett and the commission
are interested in jobs, and if this is playing out for jobs to leave
Knox County, then we need to be working to keep those jobs in Knox
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