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.
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
The Week in Public Finance: College Ain't Cheap, Green Bond Fever and Job Problems1 day ago
The Other Problem with Guns: Lead Poisoning1 day ago
Common Core Revolt Goes Local1 day ago
Alaska Congressman Blames Government Handouts for Suicide1 day ago
Tracing Ebola in a Hyper-Connected City of 8 Million1 day ago
The 3 States Not Backing Down Against Gay Marriage1 day ago