TVA looking to sell downtown Knoxville towers, move HQ across st - WRCBtv.com | Chattanooga News, Weather & Sports

TVA looking to sell downtown Knoxville towers, move HQ across street

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The Knoxville skyline pictured Nov. 4, 2014, showing TVA Towers, the Crowne Plaza Hotel, and the Sterchi Lofts. (PAUL EFIRD/NEWS SENTINEL) The Knoxville skyline pictured Nov. 4, 2014, showing TVA Towers, the Crowne Plaza Hotel, and the Sterchi Lofts. (PAUL EFIRD/NEWS SENTINEL)
KNOXVILLE (News Sentinel) -

TVA is looking into selling its twin towers in downtown Knoxville and moving its headquarters into a new facility to be built on adjacent property, the federal utility announced late Monday.

The move would involve finding a developer who would demolish an office and parking garage that TVA owns on Summer Place just west of the towers and replace it with a new structure to TVA's specifications, Gail Rymer, TVA director of public relations, said Monday.

"There is only about a 40 percent occupancy of these towers and from a planning and cost perspective, it would make sense to have a building that is smaller and better-suited to our needs," she said.

TVA President and CEO Bill Johnson said in a statement that such a move would also benefit downtown.

Read more from our news partners at the Knoxville News Sentinel.

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