 In 1978 it was transferred to the ownership of Metropolitan Knoxville Airport Authority, its current owner and operator.Knoxville Downtown Island Airport covers an area of 200 acres (81 ha) at an elevation of 833 feet (254 m) above mean sea level.It has one asphalt paved runway designated 8/26 which measures 3,499 by 75 feet (1,066 x 23 m).