SPI Insights

Tennessee- In November the state approved a Tourism Development Zone (TDZ) of roughly three square miles for the city of Memphis. A sports complex would be the centerpiece of this $100 million project to rehabilitate the Mid-South Fairgrounds. Once the complex is built, the city plans to find someone to run the $40 million facility. The city will build the youth sports facility – which will include a banked indoor track, enough space for about a dozen volleyball or basketball courts, and, potentially, outdoor track facilities – directly west of the Mid-South Coliseum.

The city released a request for qualifications (RFQ) last week to find a partner for the facility. The partner must have the ability to collaborate with professional firms engaged in maximizing revenue from naming rights, corporate sponsorships and sports philanthropy- a market strategy that will establish and maintain the Memphis Sports & Events Complex as a best-in-class venue nationally. The RFQ is due by May 1.

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