City's Lease on Parking Lot Set to Expire

The City of Knoxville has begun notifying those parking in the parking lot at the corner of Gay and Jackson that its lease on the lot expires at the end of the month. Beginning, Tuesday, September 1, the city will be unable to assure that parking is available at that location. The City is hopeful that the owner of the lot will agree to the city’s offer to purchase the lot, pending approval by council, in which case the lease will be continued until the property transfer is finalized. If a tentative agreement is not reached free parking is available on Depot Street and in new lots under Interstate 40 near Magnolia and under the James White Parkway in the Old City.