The Tennessee Smokies ballpark coming to downtown Knoxville is one step closer for construction to get underway as the Sports Authority Board approves to finalize the financial plan for the multi-use stadium.
The City of Knoxville, Knox County, and Owner of the Smokies, Randy Boyd now say the ballpark is going to cost $114 million.
Taxpayers will pay for $65 million of new downtown stadium through a bond issue.
Smokies owner Randy Boyd is paying more than $30 million and promised to cover the cost of any future price increases.
The final development agreement, and financial plan, will be voted on at a meeting later this month.
Construction can start once that’s approved.
