Memphis is the smallest market in the whole NBA, so it would be tempting for the owners to move to larger horizons. But on the side of Tennessee, We hope to prevent that …
The mayor of Memphis, Paul Young, intends to secure the future of the long -term franchise this summer.
“We strive to achieve an agreement on the principles of a lease by the end of the summer”explains the councilor, while the current agreement between the Grizzlies and the city runs until 2029.
To convince Robert J. Pera not to move the franchise, Paul Young thus puts on very large renovations of the Fedexforum, the room inaugurated in 2004 and which should therefore undergo an important facelift.
“Obtaining the amount was the first obstacle to ensure that we have all the funds necessary for the realization of the project”said Paul Young. “Then, we had to work on the form and conditions of the lease, and our lawyers continue to work hard to set up all these parameters. »»
It is that we are talking about big renovations, with $ 550 million in announced work. Enough to generate more money in home matches, a weight argument.
