Knoxville leaders await research on cash advance stores
Vice Mayor Nick Pavlis appears outside among the many pay day loan stores along Chapman Highway. (Picture: WBIR)
(WBIR) – Knoxville town leaders are tackling whatever they call an evergrowing problem – pay day loan stores.
Vice Mayor Nick Pavlis stated he has got gotten complaints about groups of these showing up in close proximity to one another.
WBIR counted a complete of 17 loan shops in under three kilometers.
“that you don’t pay lots of focus on them until there have been many of these,” stated Pavlis.
Pavlis represents the first region, which include Chapman Highway. Along a strip that is one-mile you can find eight stores.
“I do not think it bodes well for any other companies that would you like to relocate right right here. I do not think it delivers a message that is great the economics for the area,” stated Pavlis.
He introduced a strategy which could restrict loan that is payday. Centered on ordinances passed away various other Tennessee metropolitan areas such as for example Memphis and Nashville, Pavlis desires to limit zoning to simply enabling one shop that is such quarter mile.
“People had been delighted that we brought it ahead and you also understand for obvious reasons I do not think it talks genuine well in order for them to be that style of clustered in one single area. Read More