City, tourism leaders thankful for growth in Memphis

City, tourism leaders thankful for growth in Memphis

MEMPHIS, TN (WMC) - On the eve of Thanksgiving, Memphis city officials and tourism leaders say they’re grateful after a week of big announcements in the Bluff City.

“I think as a community we have a lot of things to be thankful for,” said Kevin Kane, president and CEO of Memphis Travel. “There's a lot of great things making Memphis a better place.”

Monday was a double win for Memphis.

Publishing company Mimeo announced it will relocate its headquarters to the Bluff City, bringing 300 jobs and a $16 million investment.

That same day, Memphis Mayor Jim Strickland was in Nashville securing initial approval from a state commission on the plan to revitalize the fairgrounds, turning it into a youth sports hub.

Tuesday, the country’s top college basketball recruit James Wiseman committed to the University of Memphis, following his former East High School coach, Penny Hardaway.

“You've got the Grizzlies first place in their division, the Tigers with Penny mania,” Kane said.

“When we're doing well it united the entire city and it's going to be an economic boon for downtown,” Strickland said.

Also on Tuesday, developers with the $950 million mixed use project Union Row went before city council members with their economic impact numbers, which is $2.7 billion for the first phase of the project.

The proposal includes apartments, retail areas, a hotel and a possible rooftop bar overlooking AutoZone Park.

“The Memphis we know today is going to look radically different three four five years from now,” Kane said.

Kane said the big announcements are not over. Memphis is getting new looks, and while Nashville might be a hot market, Memphis' star is surely rising.

“There are developers around the country and around the world that are taking a hard look at Memphis and the opportunities here,” Kane said.

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