Memphis City Council approves $80M in cash for arena renovations
The renovations to FedExForum and a second long-term lease for the Memphis Grizzlies inched closer to reality Tuesday.
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The renovations to FedExForum and a second long-term lease for the Memphis Grizzlies inched closer to reality Tuesday.
At its Tuesday, March 18, session, the City Council also takes first votes on the Cleveland Street redevelopment plan and a $300 a year blight fee on owners of abandoned and vacant properties.
The Memphis City Council voted Tuesday to allocate $80 million in cash — supplied by the state — for repairs to outdated infrastructure at FedExForum and potentially reimburse the Grizzlies for work already done at the publicly owned arena.
The Memphis-Shelby County Sports Authority is the board that owns FedExForum’s debt and pays the bonds for the publicly owned arena.
After losing to Temple in Philadelphia on Jan. 16, the No. 17 Tigers are looking for some “get-back” against the Owls on Sunday at FedExForum.
Memphis Mayor Paul Young outlined the next steps in the planned renovations of FedExForum on Tuesday, Feb. 4.
The team’s announcement means that FedExForum will remain the name of the Grizzlies’ home arena, as it has been since the arena opened in 2004.
The City of Memphis could move next year to examine Beale Street’s governing structure, potentially creating a new entity to oversee the street.
On his weekly radio show, Memphis Tigers coach Penny Hardaway said the crowd at FedExForum has been too small this season. “It’s not as packed as it has been in the past.”
The 2024 Rock & Roll Hall of Fame inductee’s concert will also include singers Ne-Yo and Mario.
Raised by Sound Fest returns. Also, a celebrated bluegrass singer-songwriter-guitarist plays two nights and Jhene Aiko’s tour brings heavy hitters to the FedExForum.
The City of Memphis plans to invest additional resources Downtown — including almost 200 more cameras — to make the area safer.
The Memphis Grizzlies announced that two of their courts will recognize late basketball operations president Jerry West.
FedEx exec Richard Smith says this is a critical moment for Downtown Memphis — and the Grizzlies, FedExForum and Beale Street may be the key.
Pepsi finally leaves the arena and Grizz fans can now chow down on tacos from a prolific local chain — or spring for a Southern picnic package in the suites.
The City of Memphis and the Grizzlies are eyeing widespread security enhancements and changes Downtown.
The university is in the process of finalizing a two-year extension of its FedExForum lease agreement with the Grizzlies, new Tigers athletic director Ed Scott confirmed.
The Shelby County Commission approved changes to the Shelby County Private Act, which governs how Shelby County hotel-motel tax dollars are allocated.
The procedural vote follows months of negotiations that ended with a hotel-motel tax being split between Memphis Tourism and the Memphis Grizzlies.
On Tuesday, the Memphis City Council is scheduled to amend the existing budget so the city can pay the Grizzlies; the payment was not part of the budget when it passed last summer.
A crooner comes to Midtown’s Minglewood Hall, two FedExForum concert include star music acts with Memphis roots, a Black country music revue graces the Overton Park Shell and the Shell gets its first electronic-dance event.
With the passage of both bills Monday, attention can now shift to local governments receiving the needed approvals to allocate the funding.
Senate Bill 2711, sponsored by state Sen. Brent Taylor, was held during the Tennessee Senate’s session Wednesday morning.
A new deal has been struck to fund the FedExForum renovations, according to a draft agreement obtained The Daily Memphian.
A bill to complete the financing remains pending at the Tennessee General Assembly.