Good sign for downtown Knoxville

News that the TIF for the Regal Riviera Stadium 8 movie theater on Gay Street was paid off earlier than expected is a bit of welcome news for city government and downtown developers.

Read News Sentinel business writer Josh Flory’s post on the Property Scope blog.

Opening a downtown movie house was a risky move and the project had its share of critics.

Knoxville-based Regal Entertainment Group obviously had questions, which is why the city put together a TIF to help mitigate the risk.

The theater’s success should quiet the critics and encourage developers to push ahead with other downtown projects.