The Knoxville City Council approved the formation of the Eric Drive Urban Renewal Area during their regular meeting Tuesday evening. The formation of that Urban Renewal Area comes as the Cobblestone Hotel Group has expressed interest in the area. Cobblestone, which is based out of Wisconsin, has hotels in Vinton and Bloomfield, Iowa, as well as Nebraska and North Dakota. The council also finalized their list of priorities as the budget process begins. Those priorities include a comprehensive plan, economic development, improving the city website, and property rehabilitation.