Commissioners presented with adventurous plan for moth-balled Pyramid - WMC Action News 5 - Memphis, Tennessee

Reported by Lori Brown

Commissioners presented with adventurous plan for moth-balled Pyramid

Rendering of the outside of the proposed Pyramid Adventure. (Courtesy Ericson Group) Rendering of the outside of the proposed Pyramid Adventure. (Courtesy Ericson Group)

Shelby County Commissioners were presented with a detailed proposal Wednesday on what to do with the Memphis Pyramid.

Greg Ericson of the Ericson Group laid out huge plans to a Shelby County Commission committee to transform the Memphis Riverfront and revive the moth-balled Pyramid.

The developer's$ 250 million vision would include a theme park inside the Pyramid, a Plaza with shops, restaurants, and hotels, and it would turn the Mud Island River Park into an entertainment destination.

"South of that are twin pyramids that will become a hotel, connect to theme park, and shopping and convention center," Ericson said.

But as County Commissioners listened to the plans, there was something in the backs of their minds.  The county and city already have a letter of intent with Bass Pro Shops for a sporting goods store.

"Commissioner Harvey said and I think he's exactly right, you almost wish you didn't have Bass Pro because this deal seems so superior," Commissioner Steve Mulroy said.

Mulroy pointed out that the letter of intent is non binding.

"We have and ethical obligation to consider alternatives if they are going to be superior to Bass Pro," he said.
    
Other Commissioners felt differently about just what their moral obligation is.
 
"This whole conversation makes me uncomfortable in light of fact city and county, even though it's the third letter, we're still working on a letter of agreement," said Commissioner Deidre Malone.


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