County approves Bass Pro for Memphis Pyramid

Posted: November 23, 2008 in Nitegator

Monday the Shelby County Board of Commissioners voted 9-3 in a agreement that would bring the Bass Pro Shops to The Pyramid.
The county and city will begin negotiating terms of a lease agreement. In the next year, Bass Pro will conduct feasibility studies and lay out design plans, and the company can walk away from the project during that year.

The one-year development agreement sets quarterly deadlines for the Bass Pro and proposes new market tax credits and sales tax revenue from a Tourism Development Zone. The city and county would have to put up $30 million if those funds come up short.

The $100 million project has been in negotiations for about three years. The development plan includes a 150,235-square-foot Bass Pro store, restaurants, an aviary and a museum. After the one-year development period and a two-year construction period, Bass Pro would pay at least $1 million annually to rent The Pyramid.


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