The University of Tennessee is expected to break ground on its Neyland Entertainment District after the Tennessee Building Commission approved its construction.

The project will cost $280 million, with $215 million going towards a condo-hotel and $65 million going towards the entertainment district.

Beginning with the two-thirds demolition of G-10 parking garage, the project is expected to be completed in 2028. Upon completion, the Neyland Entertainment Center will sit on top of a new G-10 garage, which is expected to be open in 2027. The condo-hotel is scheduled for completion in 2029.

UT is partnering with 865 Neyland development team and entering a 99-year lease with an option to purchase the entertainment district after 40 years and the condo-hotel after 50 years, according to Knox News.

Neyland Entertainment District will feature restaurants, bars, shops and event space. The condo-hotel will hold 180 hotel rooms, 30 hotel-condo units, 50 luxury condo units and a rooftop bar.

After completion, G-10 will hold over 200 more spaces along with a separate garage for the condohotel.

UT will finalize a plan for parking at a later date after the demolition of G-10.