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===21st century and economic renaissance=== [[File:Market-square-north-tn1.jpg|thumb|The north end of the Market Square in Knoxville, Tennessee, USA, viewed from the TVA towers courtyard. The square's stage dominates the view at the center. The seven-story Arnstein Building rises top-center.]] Knoxville's downtown has been developing, with the opening of the [[Women's Basketball Hall of Fame]] and the [[Knoxville Convention Center]], [[Market Square, Knoxville#Decline and revitalization|the redevelopment of Market Square]], a new visitors center, a [[Museum of East Tennessee History|regional history museum]], a [[Regal Entertainment Group|Regal Cinemas]] theater, several restaurants and bars, and many new and redeveloped condominiums. Since 2000, Knoxville has successfully brought business back to the downtown area. The arts in particular have begun to flourish; there are multiple venues for outdoor concerts, and Gay Street hosts a new arts annex and gallery surrounded by many studios and new businesses as well. The [[Bijou Theatre (Knoxville, Tennessee)|Bijou]] and [[Tennessee Theatre]]s underwent renovation, providing an initiative for the city and its developers to re-purpose the old downtown.<ref name="revitalize">{{cite web |title=Revitalizing Gay Street in Knoxville |url=https://architectsandartisans.com/revitalizing-gay-street-in-knoxville/ |website=Architects + Artisans |access-date=August 3, 2020 |date=May 6, 2014 }}</ref> Development has also expanded across the Tennessee River on the South Knoxville waterfront. In 2006, the city adopted the South Waterfront Vision Plan, a long-term improvement project to revitalize the 750-acre waterfront fronting three miles of shoreline on the Tennessee River.<ref name="waterfront">{{cite web |title=South Waterfront |url=https://knoxvilletn.gov/government/city_departments_offices/redevelopment/south_waterfront |website=City of Knoxville |access-date=August 3, 2020 |archive-date=August 13, 2020 |archive-url=https://web.archive.org/web/20200813171556/https://knoxvilletn.gov/government/city_departments_offices/redevelopment/south_waterfront |url-status=dead }}</ref> The project's primary focus is the commercial and residential development over a 20-year timeline.<ref name="waterfront"/> Knoxville Baptist Hospital, located on the waterfront, was demolished in 2016 to make room for a mixed-use project called One Riverwalk.<ref name="oneriverwalk">{{cite news |last=Marcum |first=Ed |title=Rendering of new Regal headquarters in Knoxville released |url=https://www.knoxnews.com/story/money/2016/09/19/rendering-of-new-regal-headquarters-in-knoxville-released/91073804/ |access-date=August 3, 2020 |work=[[Knoxville News Sentinel]] |date=September 19, 2016}}</ref> The development consisted of three office buildings, including a headquarters for [[Regal Entertainment Group]], a hotel, student housing, and 300 multi-family residential units.<ref name="oneriverwalk"/> In June 2020, the Knoxville City Council announced the investment of over $5.5{{spaces}}million in federal and local funds towards the development of a business park along the [[Interstate 275 (Tennessee)|Interstate 275]] corridor in [[North Knoxville, Knoxville, Tennessee|North Knoxville]].<ref name="raucoules">{{cite news |last=Raucoules |first=Gregory |title=Knoxville aims to spur economic growth with $5.5 million investment into I-275 business park |url=https://www.wate.com/news/knoxville-aims-to-spur-economic-growth-with-5-5-million-investment-into-i-275-business-park/ |access-date=October 4, 2020 |work=[[WATE-TV]] |date=June 23, 2020}}</ref> The project was first proposed by a study prepared Knoxville-Knox County Metropolitan Planning Commission in 2007.<ref name="corridorstudy">{{cite web |title=I-275/North Central Street Corridor Study |url=https://archive.knoxmpc.org/plans/corridor/i275_study.pdf |website=Knoxville-Knox County Metropolitan Planning Commission |access-date=October 5, 2020 |date=2007 }}</ref> In August 2020, UT President and [[Tennessee Smokies]] owner [[Randy Boyd (university president)|Randy Boyd]] announced plans of a [[Mixed-use development|mixed-use]] [[baseball stadium]] complex in the [[Old City, Knoxville|Old City]] neighborhood.<ref name="oldcitypark">{{cite news |last=Whetstone |first=Tyler |title=Tennessee Smokies owner Randy Boyd makes first pitch for downtown Knoxville stadium |url=https://www.knoxnews.com/story/news/politics/2020/08/11/randy-boyd-makes-first-pitch-downtown-knoxville-stadium/5494072002/ |access-date=October 4, 2020 |work=[[Knoxville News Sentinel]] |date=August 11, 2020}}</ref>
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