Council considers $6M to construct Edge District parking garage

Council considers $6M to construct Edge District parking garage

MEMPHIS, TN (WMC) - A Memphis City Council committee granted initial approval to use $6 million in public funds as a loan for developers to construct a parking garage in the Edge District.

The parking garage would have 480 public spaces.

The $6 million must be approved by the full council. If approved, the developers would have to pay the lease back over a specified period of time.

The parking garage would be part of a $70 million investment in the district that includes turning the former Wonder Bread factory into an apartment building.

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