City Council approves financial ‘backstop’ for Grand Hyatt
The Memphis City Council approved a resolution Thursday setting up the financial backstop agreement for the Grand Hyatt at One Beale, but Memphis Mayor Jim Strickland is unlikely to sign it. (Rendering courtesy Carlisle Corp.)
The standoff over terms to start construction of the third of three hotels at One Beale remains despite Thursday’s council vote.
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One Beale Memphis City Council Memphis convention center hotel Chance CarlisleBill Dries on demand
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Bill Dries
Bill Dries covers city and county government and politics. He is a native Memphian and has been a reporter for almost 50 years covering a wide variety of stories from the 1977 death of Elvis Presley and the 1978 police and fire strikes to numerous political campaigns, every county mayor and every Memphis Mayor starting with Wyeth Chandler.
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