Bass Pro signs lease for Memphis Pyramid - WMC Action News 5 - Memphis, Tennessee

Bass Pro signs lease for Memphis Pyramid

By Kontji Anthony - bio | email

MEMPHIS, TN (WMC-TV) - In a moment many thought would never happen, the president of Bass Pro Shops stood alongside the mayor of Memphis Wednesday to seal the deal that will bring the outdoor retailer to the Pyramid.

"You've heard of the big one that got away," Memphis Mayor A C Wharton said. "Folks, we got the big one that came to stay."

Wednesday's moment was more than five years in the making. Bass Pro President Jim Hagale flew to Memphis to sign the dotted line on a lease for the Pyramid Arena for the next 20 years.

"It has been a long process, but certainly I will tell you that no one on either side, the city or Bass Pro, has lost any commitment or enthusiasm to make sure that we saw it to the conclusion," Hagale said.

Hagale said seismic and flood wall issues delayed the deal.  But the lease is just part of the Memphis Gateway Redevelopment project.

"It will include a grand entrance off Interstate 40 at Riverside," Wharton said.

And the city will fix up the undeveloped areas sandwiched between the waterfront, St. Jude, Legends Park, and the Uptown and LeBonheur communities.

"No city tax money is being spent on the Pyramid," Wharton said.

The city of Memphis will contribute $30 million to the project.  In turn, Memphis will receive two percent of Bass Pro's gross sales, and one percent from the sales of boats and vehicles.

"It's going to create over $20 million in lease payments over the life of the lease, and create more than 1,000 jobs," said Memphis Community Services Director Robert Lipscomb.

Seismic issues prevent hotel rooms inside the Pyramid, but you will see a tackle shop, boats and all-terrain vehicles.  Some of the approved uses for the building include bowling alleys, special events, gun; archery and indoor golf ranges, an aquarium, museum and food court.

"We are very please and very excited," Hagale said.

Hagale joked he knew it was fate when the founder of Bass Pro went fishing on the Mississippi River one January.  Jim Morris said the deal hinged on whether or not they caught a big cat fish. And so he did.
     
The Memphis City Council, Shelby County Commission and the state of Tennessee must still approve the current plan.

Copyright 2010 WMC-TV. All rights reserved.

  • News on WMCTV.comNewsMore>>

  • Best U.S. summer travel destinations

    Best U.S. summer travel destinations

    Monday, May 21 2018 10:05 AM EDT2018-05-21 14:05:08 GMT
    (Source: WalletHub)(Source: WalletHub)

    With summer approaching, the personal-finance website WalletHub has released its report on 2018's Best Summer Travel Destinations. To help travelers plan the perfect summer getaway, WalletHub compared 100 metro areas in 40 different areas which are key indicators of budget- and fun-friendliness. The data set ranges from cost of the cheapest flight to number of attractions to average price of a two-person meal.   Top 10 Summer Travel Destinations Washington, DC Orlando, FL ...

    More >>

    With summer approaching, the personal-finance website WalletHub has released its report on 2018's Best Summer Travel Destinations. To help travelers plan the perfect summer getaway, WalletHub compared 100 metro areas in 40 different areas which are key indicators of budget- and fun-friendliness. The data set ranges from cost of the cheapest flight to number of attractions to average price of a two-person meal.   Top 10 Summer Travel Destinations Washington, DC Orlando, FL ...

    More >>
  • VIDEO: Salon owner clings to car as customer leaves without paying

    VIDEO: Salon owner clings to car as customer leaves without paying

    Monday, May 21 2018 8:38 AM EDT2018-05-21 12:38:42 GMT
    (Source: Facebook)(Source: Facebook)

    A nail salon owner clung to the back of a car driven by an employee she said did not pay for her services.

    More >>

    A nail salon owner clung to the back of a car driven by an employee she said did not pay for her services.

    More >>
  • Man shot, killed at convenience store

    Man shot, killed at convenience store

    Monday, May 21 2018 6:35 AM EDT2018-05-21 10:35:35 GMT
    (Source: WMC Action News 5)(Source: WMC Action News 5)

    Memphis Police are investigating a shooting that left a man dead. 

    More >>

    Memphis Police are investigating a shooting that left a man dead. 

    More >>
Powered by Frankly
<div id="CDEV-footer"> <div class="top"> <div class="search-box"> <div class="wnSearchBox" id="WNSearchBox-bottom"><form method="get" onsubmit="return wnValidateSearchTerm(this,0)" action="/Global/searchresults.asp"><span>Can't Find Something? </span><input type="text" class="wnQueryText" name="qu" size="20" value="" placeholder="Search For It Here"><input type="submit" class="wnSubmit" value="Search"></form></div> </div> <div class="station-info"> <div class="logo"><img src="http://wmctv.images.worldnow.com/images/8801779_G.png" width="156" height="166" border="0" /></div> <div class="contact"> <div>1960 Union Avenue<br>Memphis, TN 38104</div> <div>(901) 726-0555</div> </div> <div class="fcc"> <div><a href="https://publicfiles.fcc.gov/tv-profile/wmc-tv">FCC Public File</a></div> <a href="mailto:publicfile@wmctv.com">publicfile@wmctv.com</a> <div>(901) 726-0501</div> <a href="http://ftpcontent4.worldnow.com/wmctv/2018_EEO_PUBLIC_FILE_REPORT_WMC.pdf">EEO Report</a> <a href="/story/14517371/closed-captioning-information">Closed Captioning</a> </div> </div> </div> <div class="footer-main-nav"> <ul class="link-group"> <!--<li><a href="#">News Now Link</a></li> <li><a href="#">News Now Link</a></li> <li><a href="#">News Now Link</a></li> <li><a href="#">News Now Link</a></li>--> </ul> </div> <div class="news-link"> <ul class="link-group"> <li><a href="http://www.ktre.com/category/241993/texas-news-now">Texas News Now</a></li> </ul> </div> <div class="bottom"> <div class="copyrightText"> <a id="wnLogo" href="http://www.worldnow.com"><img src="http://ftpcontent.worldnow.com/wncorp/logos/worldnow_white.png" id="wn"></a> <div class="text"> All content &copy; Copyright 2000 - 2018 Raycom Media. All Rights Reserved. For more information on this site, please read our <a href="/story/8774923/privacy-policy">Privacy Policy</a>, and <a href="/story/8775106/terms-of-service">Terms of Service</a>, and <a class="adchoice" href="//www.aboutads.info/choices" target="policy">Ad Choices</a>. </div> <div class="clear"></div> </div> </div> </div>