Our Hometown In The Smokies! - Sevierville Chamber of Commerce
Our Hometown In The Smokies! - Sevierville Chamber of Commerce
Our Hometown In The Smokies! - Sevierville Chamber of Commerce
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Business & <strong>In</strong>dustry<br />
TOURISM IN SEVIERVILLE<br />
<strong>Sevierville</strong> prides itself on a wide variety <strong>of</strong> business and employment opportunities for our residents, from industry to<br />
education. But it is tourism that provides the backbone for <strong>Sevierville</strong> and Sevier County’s growing economies. With more<br />
than 13,000,000 annual overnight visitors, Sevier County generates nearly $1.5 billion in domestic travel expenditures,<br />
pays out $353 million in payroll and employs more than 18,400 people each year. That’s why tourism is big business.<br />
But tourism is more than an economic driver for our county, it is also a large part <strong>of</strong> what makes this such a special place<br />
to live. Having America’s most visited national park in our backyard provides ample opportunities to spend time in nature<br />
while the theme parks and attractions all around us also provide nice diversions and the shopping is second to none.<br />
<strong>Sevierville</strong>’s city leadership realizes the value <strong>of</strong> tourism for our residents and works to bring new development to the area<br />
which will enhance the quality <strong>of</strong> life for everyone. Because <strong>Sevierville</strong> is a city <strong>of</strong> approximately 17,500 residents and<br />
annually supports more than 700 times that many visitors, we must maintain a much larger infrastructure system than the<br />
norm for a city our size. Out city’s needs included new roads and new water and sewer lines. <strong>Sevierville</strong> sought a way to<br />
meet those needs and provide positive economic impact. <strong>The</strong>y found the answer in an events center.<br />
<strong>In</strong> 2003, <strong>Sevierville</strong> began the process <strong>of</strong> building an events center with the help <strong>of</strong> Tennessee’s Convention Center<br />
Financing Act. Through this piece <strong>of</strong> legislation, <strong>Sevierville</strong> was able to issue bonds and raise money for the construction <strong>of</strong><br />
our new 240,000 square foot <strong>Sevierville</strong> Events Center as well as the construction <strong>of</strong> new roads and infrastructure.<br />
<strong>In</strong> fact, less than 35 cents <strong>of</strong> every dollar went towards building the events center with the rest going to infrastructure<br />
improvements. Those bonds are being paid back with tax revenue collected from new businesses located within the<br />
Central Business Improvement District-a corridor along SR 66 that expands into downtown <strong>Sevierville</strong>.<br />
<strong>The</strong> <strong>Sevierville</strong> Events Center serves as a catalyst for economic development and has already spurred nearly a $1 billion<br />
investment by private developers in <strong>Sevierville</strong>, including entertainment and lifestyle centers filled with shopping, dining,<br />
lodging and entertainment. <strong>In</strong> addition, the <strong>Sevierville</strong> Events Center, which has been designed for trade shows and<br />
competitive arts events, is booked steadily for the next 17 years. Already <strong>Sevierville</strong> hotels have seen revenue increases in<br />
“<strong>of</strong>f season” winter months, and the trend is expected to continue.<br />
While <strong>Sevierville</strong> has its fair share <strong>of</strong> lodging properties, attractions and destination shopping, it has struggled to forge a<br />
clear identity with area visitors. Now, with new growth and expanded vacation opportunities, <strong>Sevierville</strong> is becoming an<br />
upscale mountain destination. With the foresight and planning <strong>of</strong> <strong>Sevierville</strong>’s leadership, our city will continue looking to<br />
the future. But regardless <strong>of</strong> <strong>Sevierville</strong>’s growth and change, we have always and will always maintain our hometown feel.<br />
SEVIERVILLE, TN 33