Here is the deal that fully funds the FedExForum renovations
A new deal has been struck to fund the FedExForum renovations, according to a draft agreement obtained The Daily Memphian.
Samuel Hardiman
Reporter
Samuel Hardiman is a reporter who focuses on government and politics. He began his career at the Tulsa World where he covered business and K-12 education. Hardiman came to Memphis in 2018 to join the Memphis Business Journal, covering government and economic development. He then served as the Commercial Appeal’s city hall reporter and later joined The Daily Memphian in 2023. His current work focuses on xAI, energy needs and how local governments spend money.
There are 456 articles by Samuel Hardiman :
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April 2024
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City of Memphis -
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City of Memphis100 days in, Young talks about hope — amid reality — in city’s narrative
Throughout his first 100 days, Memphis Mayor Paul Young has sought ways to get to “yes” and make Memphians feel heard by their new mayor, wielding his newfound power and spotlight to recast the city’s narrative and try to paint hope on Memphis’ self-portrait.
But yes is not easy to come by. Listening takes hours that turn into days. Narratives don’t change in 90 days. Or 100. Already, circumstance has intervened.
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City of Memphis Police union signals willingness to negotiate new promotions process
But first, the Memphis Police Association says the city needs to demote 120-plus newly promoted second lieutenants.
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City of Memphis Negotiations continue in race to finish FedExForum financing
A bill to complete the financing remains pending at the Tennessee General Assembly.
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City of MemphisFedExForum cost estimates questioned
Sports authority board approves part of $550 million in planned renovations to FedExForum and provides a look at the upgrades the Memphis Grizzlies are planning.
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Update
MetroTuesday storm knocks out power to about 37,000
An intense thunderstorm Tuesday morning knocked out power to tens of thousands of MLGW customers, according to the utility’s outage map.
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March 2024
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City of Memphis MPD’s Davis, other top brass could be deposed in Nichols’ lawsuit
Attorneys for RowVaughn Wells, Tyre Nichols’ mother, filed their initial discovery disclosure Thursday, March 28, detailing the 90-plus people who could be deposed during the ongoing civil rights lawsuit.
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City of Memphis Mayor Young accosted at East Memphis restaurant
The City of Memphis said in a statement that a man grabbed Young as he was leaving dinner and the man then attempted to force his way into the mayor’s vehicle.
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State Government FedExForum renovations bill clears key hurdles
The bill that would help fund FedExForum renovations by allowing Shelby County to reallocate hotel-motel tax dollars to the project cleared its first legislative hurdle on Wednesday, March 27.
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Real EstateAfter almost five years of nothing, Intrator puts Pinch District land on market
The project, which received key approvals in 2019, ran into the buzzsaw of the pandemic, and then the developer blamed higher interest rates after the pandemic for delays.
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DowntownFedExForum renovation has $60M funding gap
Wayne Tabor said Memphis Tourism had offered the city and county $30 million on Monday but “they keep wanting more and more.”
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Shelby CountyAs county moves to fund FedExForum, Memphis Tourism hires lobbyists
The Shelby County Board of Commissioners passed a resolution Monday that would cap the amount of hotel-motel tax funding Memphis Tourism receives, according to a resolution handed out to the media Monday, March 18.
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State GovernmentTaylor: If hotel-motel tax funds FedExForum renovations, Memphis Tourism could receive new money
State Sen. Brent Taylor told The Daily Memphian Monday morning that he is working on a bill allowing Shelby County to reallocate hotel-motel tax funding to cover the public financing gap for the Downtown Memphis arena’s renovations.
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State Government House subcommittee spikes sales tax hike to fund Shelby County Jail
A state House subcommittee has rejected a bill for this session that would have given Shelby County residents an opportunity to vote for a sales tax increase to fund a new jail.
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DowntownNew I-55 bridge construction could last through 2030
While I-55 bridge repairs are underway, the Tennessee and Arkansas departments of transportation are waiting to hear how much the federal government will contribute to the cost of replacing the Memphis-Arkansas Bridge.
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City of Memphis Young: City will have ‘robust dialogue’ with Memphis Tourism about FedExForum funding
Memphis Mayor Paul Young’s comments come as the city, county and Grizzlies' pursuit of more funding for FedExForum reaches a critical juncture.
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State Government Local hotel-motel taxes possible source of FedExForum reno money
A proposed bill could change how local hotel and motel tax is distributed; any reallocation of the existing hotel-motel tax would likely mean Memphis Tourism losing revenue.
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Public Safety Memphis Police Association questions bond for man accused of shooting officer
The police association’s leadership issued a news release Monday that said the association was “stunned to learn” that Kee, who has been charged with attempted first-degree murder and two other felonies, had his bond set at $175,000.
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City of MemphisMemphis City Council’s campaign finance forms uneven
The forms that have been filed shed light on money that flowed to different council candidates and how races in various parts of the city have wide gaps in dollars spent and cost per voter.
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Public Safety MPD officer shot four times early Friday morning, suspect captured
A Memphis police officer was shot four times during a traffic stop early Friday morning, March 8, and is in critical condition after going through surgery, MPD Interim Chief Cerelyn “C.J.” Davis said.
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City of Memphis Council member’s River Parks work may violate ethics code
Memphis’ chief ethics officer read her report on an ethics complaint against Michalyn Easter-Thomas' employment with Memphis River Parks Partnership during a meeting Wednesday.
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City of MemphisMemphis floats idea of new aquatics center in Binghampton
An indoor swimming facility could be coming to Binghampton as the city’s upcoming debt cliff could free up $50 million annually for new projects.
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Shelby County Hike in sales tax could pay for new Shelby County jail
A draft bill obtained by The Daily Memphian shows how Shelby County could pay for a new jail — the state would give the county permission to increase the total sales tax rate to 10.75%.
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City of Memphis City, U of M working to finish stadium transfer
It has been more than a month since the Memphis City Council voted to give the University of Memphis Auxiliary Services Foundation ownership of Simmons Bank Liberty Stadium and $120 million in cash. The stadium still belongs to the City of Memphis.
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February 2024
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Memphis GrizzliesThe Titans are cutting a ribbon for their stadium. When will the Grizzlies?
Gov. Bill Lee and Metro Nashville officials are scheduled to cut the proverbial ribbon Thursday afternoon, raising the question of when Memphis and Shelby County officials will do the same outside FedExForum.
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