Fairgrounds redevelopment price goes up as city preps bonds to finance
A timetable for the Fairgrounds conversion has the new youth sports complex opening in the fall of 2022.
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A timetable for the Fairgrounds conversion has the new youth sports complex opening in the fall of 2022.
The April 6, council session includes a vote on $75 million in revenue bonds for the Fairgrounds renovation as well as a vote on the $520,000 contract to explore alternatives to TVA as MLGW’s electric power supplier. And council members review a month of vocal complaints about trash pickup.
The EDGE Board approved an “inducement resolution,” and will later vote to authorize issuance of up to $75 million in Tourism Development Zone bonds to help pay for the $125 million Liberty Park.
The Fairgrounds conversion to Liberty Park got a $4 million boost Tuesday, Feb. 2, to begin some ground work in May as well as to start designing buildings.
Dolly versus Marsha; Christmas lights at Shelby Farms, Memphis Zoo and the Botanic Garden; and Don Bryant’s Grammy nomination.
A 40,000-square-foot entertainment and arcade venue called High 5 has signed a letter of intent to be at Liberty Park. And that doesn’t include High 5’s planned, 25,000-square-foot miniature golf course.
We're used to large-scale alterations underway on sites Downtown, but landscapes are also changing at some promising and high-profile properties farther East.
The city has also signed a letter of intent with Capstone Development for two hotels on the Central Avenue frontage. The founder of Capstone sees a different kind of recovery from the pandemic for the hospitality industry — one led by the families that travel regionally to the sports tournaments that are the financial engine for Liberty Park's public and private uses.