Officials prepare to hear detailed plans on Pyramid amusement park - WMC Action News 5 - Memphis, Tennessee

Reported by Andrew Douglas

Officials prepare to hear detailed plans on Pyramid amusement park

Rendering of the "Pyramid Adventure" amusement park. Rendering of the "Pyramid Adventure" amusement park.
Rendering of the Bass Pro Shops retail store at The Pyramid. Rendering of the Bass Pro Shops retail store at The Pyramid.

It has been more than a month since the Ericson Group proposed plans to transform the empty, dusty Pyramid into a booming and bustling theme park destination, complete with shops, restaurants, hotels and plenty of entertainment. The project would cost an estimated $250.

County commissioner Steve Mulroy has supported the plan from nearly the beginning.
 
"There are 85 million people within a day's drive of Memphis," he said Monday. "I think a first class theme park attraction is going to bring them to Memphis, and then they'll stay a few days to take in the other attractions."
 
Mulroy is eager to hear from the financial backers Prosperity International, scheduled to address the Memphis City Council on Tuesday.

"Their chief financial backer, Mr. Burgess, has done a lot of similar deals like this in the past," he said.
 
A quick check of Prosperity International's website makes it clear the company's projects transform landscapes worldwide.  The company has been involved with everything from a $250 million resort/casino in the Bahamas, to a $117 million golf course, resort, and spa in Orlando

Most of the projects are in the tens of millions of dollars, with some well beyond that.

"I like some of the ideas that he has, but can he pull it off? That's the main question," Memphis City Councilman Myron Lowery said Monday.
 
Lowery is one of four council members going to visit Bass Pro headquarters in Missouri next week. He insists he's looking at both Ericson and Bass Pro proposals with an open mind.

"I'm anxious to look at both of them side by side, to weigh the pros and cons, and then to make a decision," Lowery said.

Bass Pro Shops has until the end of the month to make a decision on the Pyramid.  The outdoor retailer would like to turn the arena into a large store, and has written three letters of intent to do so over the past two years.

Officials with the retailer have invited both the Memphis City Council and Shelby County Commission to take a bus trip to their headquarters on January 29.


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