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Vols' financial woes may end academic reinvestment

Vols' financial woes may end academic reinvestment

The carousel of coaches at the University of Tennessee has taken a toll on the athletic department's bottom line.  With the firing of Derek Dooley this weekend, the search is on for a new football coach and new sources of money for the Vols.

One source of cash could already be in the athletic department's coffers.  Each year more than six million dollars of UT sports revenue is reinvested in the academic side of campus.  That annual donation could come to an end to help the athletic department to stabilize its financial foundation.

Kimberly-Clark removes name from Downtown highrise

Kimberly-Clark removes name from Downtown highrise

You can see the changes as Kimberly-Clark gets ready to move from Downtown to West Knoxville.

The company has removed its name from its highrise on Summitt Hill Drive, and "for lease" signs now stand outside the building.

Kimberly-Clark plans to move to the former Goody's building in West Knoxville next June. The company first announced its plans to move back in August.

River Sports to open Market Square location

River Sports to open Market Square location

A popular outdoor clothing and gear store is opening a new location in Downtown Knoxville.

River Sports Outfitters is moving into the old 31 Bistro on Market Square. They're planning to open sometime in the coming weeks.

This will be the third Knoxville location for River Sports.

Valarium and Ciderhouse announces it will close Nov. 25

Valarium and Ciderhouse announces it will close Nov. 25

One of East Tennessee's largest nightclubs is planning to close. The Valarium and Ciderhouse near downtown will shut its doors on November 25.

On the club's Facebook page, managers say they have no choice because of rule changes by the state.

They require businesses that serve alcohol to sell a certain amount of food and be open a minimum number of days per week. And since the Valarium is unable to meet those demands, it will not renew its license at the end of the month.

ADT expands in Knoxville; will add 300 new jobs

ADT expands in Knoxville; will add 300 new jobs

A home security company is expanding in Knox County, bringing hundreds of new jobs to the area.

On Thursday, ADT announced it's expanding its monitoring center here and plans to bring on 300 new employees. Most of the work at the center involves responding to alarm signals.

ADT recently spun off from its former parent company, Tyco International. Now, the security company says it's investing in its major markets. ADT says Knoxville has been a great location over the years.

City Council approves $1.5M for University Commons project

City Council approves $1.5M for University Commons project

Knoxville city council members voted on second reading to give the developers of the University Commons project more than $1 million.

Developers have said they were $3 million short on funding for their effort to build a Walmart and Publix near UT's campus. They said they needed the city to help make up part of the difference.

So Tuesday by a vote of seven to two, city council gave final approval for using $1.5 million in public funds for the project.

Mayor Rogero to Speak at Brown Bag Green Book Series

Mayor Rogero to Speak at Brown Bag Green Book Series

Join City of Knoxville Mayor Madeline Rogero as she reviews Emerald Cities: Urban Sustainability and Economic Development by Joan Fitzgerald in Knox County Public Library's Brown Bag, Green Book program at noon on Wednesday, October 17 in the East Tennessee History Center, 601 South Gay Street.