Beale, Downtown report peaceful weekend amid crowds
A $5 entry fee, plus weapon and ID checks, were required to enter Beale Street between 8 p.m. Friday and 3 a.m., helping officials track the number of visitors.
Topic: Downtown Memphis Commission
RSSThere are 217 article(s) tagged Downtown Memphis Commission:
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April 2022
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Downtown project gets PILOT extension as developers work on funding
Located Downtown at 251 Union Ave. across from AutoZone Park, The Walk was originally awarded a 30-year, $741 million PILOT in August 2020.
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March 2022
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Watch: Downtown office needs shift as workers return
Downtown Memphis Commission President Paul Young talks on Behind The Headlines about saving tax incentives for Class A office space, why incentives for residential development are still necessary despite a rise in rents and an RFP on Beale Street.
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A guide: Making sense of economic development terms
Don’t know the DMC from the MLC, or the CCRFC from the CBID? Here’s a quick guide to some commonly used business and economic development terms and organizations.
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The Peanut Shoppe ready to reopen in new location, remains Downtown
“This business depends on the walking traffic,” said owner Rida AbuZaineh. “It’s like walking on the beach, where there is ice cream.”
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Memphis loses last ‘Big Three’ bank with First Horizon acquisition
Like Union Planters, which was acquired by Regions in 2004, and National Bank of Commerce, also acquired in 2004 by SunTrust, First Horizon could not avoid industry consolidation forever.
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Inked: South Point Grocery to open, Northside High project gets 20-year PILOT
A new grocery store ready to open in South Main. More funding has been arranged for several development projects in Uptown, Medical District.
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January 2022
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Bluff City Biz: Quite the week with Kevin Woods
Kevin Woods, the Memphis market president for BlueCross BlueShield of Tennessee, has had a big week.
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Touring 100 N. Main: Shattered glass, shell casings, law books and spectacular views
The Downtown Memphis Commission anticipates issuing in about two weeks a request for proposals to potential developers of the 100 North Main Building and the entire block it towers above.
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Downtown PILOT approved for proposed Butler Row development
Over the course of the 12-year payment-in-lieu-of-taxes agreement, the increase in taxes generated by the project is estimated at more than $3 million.
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Sequin mural lights up Downtown thoroughfare
The piece, entitled “Subterranean River,” stretches 161 feet and 80 feet on each side, featuring symbols that portray the Mississippi River as a passage for commerce. LED lights shine on the shimmering sequins to mimic the movement of water.
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Design Review Board to consider eye-popping Downtown mural
At a meeting Wednesday, Jan. 5, local artists’ colorful image for the Hyatt Centric — on a concrete wall facing the intersection of Beale and Wagner streets — will be considered.
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December 2021
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Bluff City Biz: Riverfront development and lessons we can learn from Uptown with Paul Young
“Expanding docks to accommodate more businesses to bring more visitors to Memphis could only be a great thing,” said President and CEO of the Downtown Memphis Commission, Paul Young.
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DMC wants to expand South City Good Neighbor Grant program
The Downtown Memphis Commission affiliate Center City Development Corp. will decide whether to expand the South City Good Neighbor Grant program when it meets Wednesday, Dec. 15.
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November 2021
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The Peabody to become special tourism tax zone
The creation of the Peabody Hotel Surcharge will finance capital investments to the property totaling more than $125 million over the next 30 years for long-term preservation.
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DMC receives international awards for two city planning programs
The BuildDowntown Master Plan and the South City Good Neighbor Grant program both won awards from an international institution for their city planning efforts.
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Finalists announced for 100 N. Main
See exclusive renderings.
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October 2021
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Central Yards submits new construction application
Because the development team received a 20-year PILOT earlier this year, the Design Review Board is required to approve new construction.
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About Town: Prospero’s relocation is a statement for Downtown
The home health company’s decision to move a short distance from 40 S. Main to 30 S. B.B. King Blvd. reflects commitment to the area.
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Downtown Memphis Commission focusing on cohesive parking plan
The Downtown Memphis Commission wants to address the long-term problems associated with Downtown parking.
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Downtown board approves consultant to review tax incentive policy
St. Louis, Missouri-based PGAV Planners will determine if the PILOT program is delivering the desired results of growing the tax base and helping projects happen that couldn’t otherwise.
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Downtown board reexamines PILOT program, considers new applicant
At its Oct. 12 meeting, the Center City Revenue Finance Corp. is set to approve a plan for reviewing its PILOT program, and it will hear a new PILOT request for a Medical District development.
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September 2021
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DMC moves forward to redevelop historic N. Main building
While the Downtown Memphis Commission prepares for renovations to its own North Main headquarters, it is also evaluating bids for its giant neighbor, 100 N. Main.
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114 N. Main set for commercial renovation
The tower at 114 N. Main sits at the corner of Adams Avenue and North Main Street. It shares the block with the Fire Museum of Memphis.
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About Town: The fate of 100 N. Main in the balance
The fate of Memphis’s tallest building is likely to remain unclear until the DMC selects one of the bids. Though there appears to be growing excitement that the high-rise’s days of uncertainty could be drawing to a close.
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