Wednesday, March 28, 2001
HERENTON TO ANNOUNCE FOURTH-TERM BID
HERENTON TO ANNOUNCE FOURTH-TERM BID
Posted by Jackson Baker on Wed, Mar 28, 2001 at 4:00 AM
On that score, the mayor, a backer of the drive to bring an NBA franchise to Memphis, expressed disagreement with a suggestion made earlier Tuesday by State Senator Jim Kyle that proponents of any forthcoming general obligation bond issue for completion of arena construction should call a referendum on the matter. "That's how Nashville did it when they were building the arena for the Titans," Kyle, a likely candidate next year for Shelby County Mayor, said by telephone from Nashville, "and it unified the community as only a public vote of confidence can. My first rule of politics is 'Run to the fire,' and I'm encouraging the backers of a new arena to do just that." While not disavowing a bond issue, Herenton indicated he was disinclined to pursue a referendum strategy and said he was considering a variety of other local financing alternatives, including a local restaurant tax.
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