City Council approves financial ‘backstop’ for Grand Hyatt
The Memphis City Council approved a resolution Thursday setting up the financial backstop agreement for the Grand Hyatt at One Beale, but Memphis Mayor Jim Strickland is unlikely to sign it. (Rendering courtesy Carlisle Corp.)
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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One Beale Memphis City Council "Memphis second convention center hotel Chance CarlisleBill Dries on demand
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Bill Dries
Bill Dries covers city and county government and politics. He is a native Memphian and has been a reporter for more than 40 years.
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