Downtown board approves public support for One Beale’s Grand Hyatt

By , Special to The Daily Memphian Updated: December 09, 2020 3:08 PM CT | Published: December 08, 2020 11:26 AM CT

The Center City Revenue Finance Corp. voted unanimously in support of $129.5 million worth of public incentives for One Beale’s fourth phase, plus a 5 percent tax surcharge on One Beale customers that is projected to generate another $139 million over 30 years.


One Beale Center City Revenue Finance Corp. Downtown Memphis Commission
Tom Bailey

Tom Bailey

Tom Bailey retired in January as a business reporter at The Daily Memphian, and after 40 years in journalism. A Tupelo, Mississippi, native, he graduated from Mississippi State University. He has lived in Midtown for 36 years.


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