Pyramid Schemes Central to Memphis Mayoral Race
What do you do with an iconic 20,000-seat arena that no one is using? That's one of the key questions that the candidates for ...
As the Commercial Appeal reports, leading candidates Myron Lowery and A C Wharton support turning the Pyramid over to Bass Pro:
Lowery has made Pyramid redevelopment a priority for his interim stint as mayor. In his first two months, his administration has been pushing to close a deal -- four years in the making -- to lease the facility to outdoors retail giant Bass Pro Shops.
Chief administrative officer Jack Sammons said the city could be weeks away from signing a development agreement with the Springfield, Mo.-based company, which is paying the city $35,000 a month in rent as a show of commitment.
Candidate A C Wharton, the current Shelby County mayor, is also backing Bass Pro, which has promised to turn The Pyramid into a multipurpose entertainment facility with shops, restaurants, a hotel and a museum.
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