Commission votes against Pyramid sale - WMC Action News 5 - Memphis, Tennessee

Reported by Jason Miles

Commission votes against Pyramid sale

MEMPHIS, Tenn. (AP) - Shelby County commissioners have voted against a proposal to sell the county's share of The Pyramid and two other properties to the City of Memphis for $5 million.

The 6-5 vote Monday ends months of debate about whether the county should let the city lead negotiations on redevelopment of The Pyramid, a 32-story arena that opened in 1991.

Also included in the proposed sale were the Mid-South Coliseum and land under Liberty Bowl Memorial Stadium, which are part of the Mid-South Fairgrounds redevelopment efforts.

The Pyramid sits empty beside the Memphis riverfront, and the city has been talking with the Bass Pro company for almost three years about redeveloping the arena, according to The Commercial Appeal.

 

(Copyright 2008 by The Associated Press.  All Rights Reserved.)

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