City Council approves financial ‘backstop’ for Grand Hyatt
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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The standoff over terms to start construction of the third of three hotels at One Beale remains despite Thursday’s council vote.
The Thursday 4 p.m. session at City Hall comes after the city administration balked at a change in the terms of a city-funded backstop for the hotel project. The delayed Tuesday vote came as the administration got some expressions of concern from state officials.
A bid by the Sheraton Downtown Memphis Hotel to block incentives for a new Loews convention center hotel in Memphis has been dismissed in Davidson County Chancery Court.
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