Economy
Now considered the "club district" of Knoxville (currently no strip clubs), the Old City is generally made up of warehouses, buildings of light industrial use, and a small historically commercial strip along South Central Street. The White Lily Foods plant, which had operated since 1885, shut down in 2008. JFG Coffee was for decades located in several buildings in the Old City, but has recently moved. The former JFG roasting facility at 200 West Jackson Avenue was redevleoped into the JFG Flats residential lofts in 2009, and the White Lily Foods building was purchased in 2012 by the same company that developed the roasting facility (Dewhirst Properties). It will be developed for residential rental apartments in 2013 and 2014. John H. Daniel Company, a custom tailoring company, has operated on West Jackson since 1928.
There are several loft apartments in the older buildings of the Old City, many located behind and above offices and stores. The Jackson Ateliers Building and Hewgley Park lofts have been residential locations for many years. The Jacksonian Condos, JFG Flats, and Fire Street Lofts, have been redeveloped more recently as upscale condominiums, some listing in excess of $600,000.
The area tends to attract young single adults, who are sometimes affiliated with the University of Tennessee, which is less than two miles away. The Old City's proximity to entertainment and nightlife make it an attractive place to live for many young adults. The Old City has a noticeable presence of homeless people, but violence is uncommon and the main concern is panhandling.
Read more about this topic: Old City (Knoxville)
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)