Cinema IDB was formed for the purpose of financing, developing and administering the Downtown Regal Riviera Stadium 8.
The Industrial Development Board of the City of Knoxville for the Downtown Cinema, Inc. (Cinema IDB) performs public functions on behalf of the City of Knoxville as authorized under state law. The Cinema IDB continues to analyze and track the financial operation of the Cinema, pursuant to State law, and will do so until the financing obligations have been met.
Board of Directors
The Cinema IDB is governed by a nine-member Board of Directors, appointed by the Knoxville City Council. The Cinema IDB does not have employees, and administrative and management services for the Cinema IDB are provided by Knoxville’s Community Development Corporation.