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City plans ambitious sports complex to boost economy

June 10, 2024 | Athens, McMinn County, Tennessee



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This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

City plans ambitious sports complex to boost economy
In a recent government meeting, officials discussed significant budget amendments and the presentation of the Athens Utilities Board (AUB) budget, alongside a proposal for a new multiplex sports complex.

The meeting opened with the introduction of budget amendment number three, which includes provisions for summer school grants and end-of-year financial clean-up for the school district. Additionally, the food service department presented its first and only budget amendment for the year, aimed at purchasing new tables for the middle school and addressing year-end financial adjustments. These items were placed on the consent agenda without objection.

Eric Newberry, representing AUB, provided an overview of the utility's financial status. He reported a growth in customer accounts, reaching approximately 35,450, which marks a 1.75% increase over the past two years. AUB anticipates revenues of around $82 million for the year, with a projected net revenue of $3 million after expenses. Newberry highlighted that AUB remains one of the lowest-cost electricity providers in the region, despite facing inflationary pressures affecting operational costs. He noted that while most divisions are self-sufficient, a rate increase for natural gas is likely due to a loss of a major customer and ongoing market conditions.

The discussion then shifted to the proposed multiplex sports complex, which aims to enhance economic development and community engagement through sports. The complex is expected to generate significant revenue, with estimates suggesting it could bring in over $25 million annually. The proposal includes two phases: upgrading the existing North City complex and expanding it into a full-fledged sports facility. The initiative is projected to attract numerous tournaments and events, potentially boosting local tourism and hospitality sectors.

Council members expressed interest in the renovations needed for the North City facility and the timeline for hosting events. The proposal emphasizes a public-private partnership to facilitate the development and operation of the complex, aiming to enhance the city's profile and provide more recreational opportunities for residents.

Overall, the meeting underscored the city's commitment to fiscal responsibility while pursuing initiatives that promise to bolster community resources and economic growth.

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