Sports authority sends $1M to city, county for Grizzlies subsidy
The $1 million from the Memphis-Shelby County Sports Authority comes from the surplus revenues that pay the bonds on FedExForum. (Patrick Lantrip/The Daily Memphian file)
The Memphis-Shelby County Sports Authority is the board that owns FedExForum’s debt and pays the bonds for the publicly owned arena.
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Memphis-Shelby County Sports Authority Memphis Grizzlies FedExForumSamuel 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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