Wednesday, September 6, 2017

City Council Approves $21M Loan to Begin Renovation of Cook Convention Center

Posted By on Wed, Sep 6, 2017 at 9:43 AM

CITY OF MEMPHIS
  • City of Memphis

A Memphis City Council committee approved $21 million in "bridge" loans Tuesday in order for renovation construction to begin on the Cook Convention Center.

The revamping of the convention center, along with infrastructure in the Pinch District, is a piece of the larger Bicentennial Gateway Project.

The project is meant to revitalize areas near Interstate 40 downtown, which includes the expansion of St. Jude Children's Research Hospital, as well as renovation near Bass Pro Shop, Tom Lee Park, and Mud Island River Park.

The loan, which will be reimbursed once other funding is secure, will come from tourism development zone surpluses, as well as city reserves.

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