FedExForum renovation has $60M funding gap
Fans enjoy the scrimmage during the Memphis Grizzlies’ annual open practice Sunday at FedExForum in October 2022. (Brad Vest/Special to The Daily Memphian)
Wayne Tabor, the president of the Metropolitan Memphis Hotel and Lodging Association, said the city and county are seeking $60 million in revenue from the Shelby County hotel-motel tax to make up the funding gap for the $500-plus million in FedExForum renovations for the Memphis Grizzlies.
Most of the county’s hotel-motel tax goes to Memphis Tourism, the nonprofit convention and visitor’s bureau that is tasked with promoting regional tourism.
Tabor said Memphis Tourism had offered the city and county $30 million on Monday but “they keep wanting more and more.”
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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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