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. He began his journalism career at the Tulsa World in Tulsa, Oklahoma, where he covered business and, later, K-12 education. Hardiman came to Memphis in 2018 to join the Memphis Business Journal, covering government and economic development. He then served as the Memphis Commercial Appeal’s city hall reporter and later joined The Daily Memphian in 2023. His current work focuses on Elon Musk’s xAI, regional energy needs and how Memphis and Shelby County government spend taxpayer dollars.
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