Sports Authority OKs $1M payment for Grizzlies, lessening taxpayer burden
The $1 million payment is part of annual reimbursement to the franchise to cover shortfalls in ticket sales, season tickets or suites. (Mark Weber/The Daily Memphian file)
Sports Authority will also likely issue new debt for FedExForum renovations as well as be involved with providing financing options for Simmons Bank Liberty Stadium improvements.
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Memphis-Shelby County Sports Authority Memphis Grizzlies Simmons Bank Liberty Stadium Subscriber OnlyThank you for supporting local journalism.
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Samuel Hardiman
Samuel Hardiman is an enterprise and investigative reporter who focuses on local government and politics. A native Rhode Islander who lives Downtown, he enjoys tennis, golf and reading.
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