Premium

Here’s where the $550 million for FedExForum renovations is coming from

By , Daily Memphian Updated: August 19, 2025 11:10 AM CT | Published: August 19, 2025 4:00 AM CT

Planned FedExForum renovations could take place throughout seven to 12 years, according to documents obtained by The Daily Memphian and sources close to the deal. 

Draft funding documents and people familiar with the matter who spoke to The Daily Memphian make clear that Memphis and Shelby County governments have scoured their proverbial couch cushions for the $550 million.

This is an excerpt of this story. To read more, please click here and subscribe.

Topics

Subscriber Only FedExForum Memphis Grizzlies

2025 is almost over. Now is the time to support your trusted local news source.

Will you help us reach more Memphians with quality, in-depth local news? Make a fully tax-deductible donation or other contribution to The Daily Memphian, a 501(c)3 nonprofit news organization, today.

Thank you for keeping up with what’s happening in Memphis. Thank you for investing in our community’s trusted local news source.

Samuel Hardiman

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.


Comments

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