April 23, 2012
Mon Apr 23, 2012, 05:00 PM CDT
The results of a study on the impact of a downtown revitalization project on sales tax collections in Crossville will be presented April 25 at 1 p.m. in the council chambers of Crossville City Hall.
Selected from hundreds of requests, Downtown Crossville, Inc. was chosen by the University of Tennessee at Knoxville MBA Social Entrepreneurship Program to be the recipient of a social innovation project. A selected group of MBA students provided more than 300 hours of expertise to “research and benchmark a predictable set of recommendations as to how DCI and the city of Crossville should transform the revitalized downtown Crossville into an enhanced retail and commercial destination capable of generating increased sales tax revenues from residents and tourists.”
Students visited downtown Crossville and other similar revitalized downtown areas to benchmark and study results. More than 25 local leaders, business people, bankers, civic leaders and concerned citizens were interviewed to understand and appreciate local concerns and issues. Databases and sources available from UT and government resources were mined to gather meaningful and accurate data surrounding this issue.
The project kicked off March 7 with members of DCI and city officials meeting weekly with students to review progress and address questions. The project is part of a required graduate course in the MBA program. The program has worked with hundreds of organizations in the Knoxville, Oak Ridge and surrounding areas during the past few years.
For more information or questions, please contact DCI at 787-1324.