Details of Memphis Fairgrounds Planned Development revealed
The city plans to break ground on the development in January 2020, with the sports complex and hotel opening in June 2021 and initial retail opening in November 2021.
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The city plans to break ground on the development in January 2020, with the sports complex and hotel opening in June 2021 and initial retail opening in November 2021.
The eight-acre site in Binghampton was one of the first blight emergencies faced by the administration of Mayor Jim Strickland, sitting vacant for three years. Once the brick single-story units are demolished, Elmington Capital of Nashville will build new, affordable housing.
Three council members took a look around the new Foote Park at South City Tuesday with plenty of questions and discussion around the larger issue of how to keep the city's development boom from displacing Memphians.
Paul Young, director of the city's Division of Housing and Community Development, and John Paul Shaffer, executive director of BLDG Memphis, discuss a new local trust fund that will help support the creation and preservation of affordable housing.
The owner of 115 Union and The Pocket bar will develop city land south of Clayborn Temple. Elmington Capital of Nashville will develop the Tillman Cove apartment complex land in Binghampton.
M&M Enterprises of Memphis will lead private redevelopment of the Fairgrounds, the city announced Tuesday.
City Housing and Community Development director Paul Young says the $1 billion Union Row project is a direct result of the city's efforts to leverage federal and city funding in the South City area, stretching from the south area of Downtown into South Memphis.
The federal Housing and Urban Development wants Memphis to pay back millions spent in one of the biggest take-backs ever proposed by HUD.