The Central Business Improvement District (CBID) was created in 1993 to undertake programs and services that government is unable to provide. Its core mission is to bring more people to Downtown Knoxville to work, live, shop, and play. The CBID ensures the downtown area is constantly renewed and improved, so that it continues to be an asset to future generations. The special assessment district covers approximately .67 square miles which includes the core of downtown.
The compact, walkable, and vibrant area includes restaurants, boutiques, service providers, entertainment venues, day-to-day conveniences, residents, workers, and more. Here’s a peek at what’s happening in early 2018.
Working in Downtown Knoxville
Retail Business in Downtown Knoxville
Double-Digit Sales Growth within Downtown District
Long-term anchors and new businesses have benefited from double-digit growth in combined restaurant and retail revenue for two years in a row. Growth is expected to continue with 26 new businesses opening or announced in 2018. See full report here.
Downtown Housing on the Rise
MPC recently released the Downtown Knoxville Housing Market Technical Report, detailing Knoxville's residential growth. Find it here.
CBID membership is limited to individuals, businesses, and organizations who own property within the Central Business Improvement District and pay an assessment based on property taxes to CBID.
To view the CBID Bylaws, please click here.
An active board of directors and standing committees focus on five principal areas: development, quality of life, marketing and events, residential, and recruitment and retention. CBID relies upon the energies and vision of community volunteers to develop and execute its plans and programs. Anyone with an interest in the future of Downtown Knoxville is encouraged to attend a board meeting or join a committee. For information on committees, please contact Michele Hummel at [email protected].
Board Directors are elected for three-year terms and serve one-year terms. Nominations can be made at any time by emailing the name and contact information of a nominee to [email protected].
Nominations for FY 2019-2020 will be accepted via email until May 10, 2019. Members will elect one business representative and one residential representative at the June 2019 Annual Meeting.