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Photo: Tennessee Unveils Possible Entertainment District Around CFB's Neyland Stadium

Bryan Lynn/Icon Sportswire via Getty Images

The University of Tennessee unveiled the renderings for its plans to radically transform the area around legendary Neyland Stadium.

The school said Wednesday it identified the group to lead the endeavor, 865 Neyland Project Team. Under the current proposal, the Neyland Entertainment District will consist of mixed-use retail and residential units, including a hotel with around 240 rooms and 60 luxury condos.

"We are absolutely thrilled to witness our vision for this groundbreaking project taking tangible shape," athletic director Danny White said. "The development team understood our vision and designed a legacy asset that will significantly impact our campus and overall community.