Pitch for city pension money in co-investment fund hits barrier in search for capital
The $10 million sought over several years by Epicenter didn't have enough support on the city council despite a guaranteed return. The pitch is part of a "movement" to encourage more sources of local capital for made-in-Memphis ventures. But the use of pension money hit a barrier with many on the council.
Topics
Epicenter Memphis Leslie Lynn Smith Formation Fund Memphis City CouncilBill Dries on demand
Never miss an article. Sign up to receive Bill Dries' stories as they’re published.
Enter your e-mail address
Bill Dries
Bill Dries covers city and county government and politics. He is a native Memphian and has been a reporter for almost 50 years covering a wide variety of stories from the 1977 death of Elvis Presley and the 1978 police and fire strikes to numerous political campaigns, every county mayor and every Memphis Mayor starting with Wyeth Chandler.
Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here.