Memphis Mayor Wants to Spend More Money on Pyramid - KAIT Jonesboro, AR - Region 8 News, weather, sports

Memphis, TN

Memphis Mayor Wants to Spend More Money on Pyramid

January 2, 2004 - Posted at 2:59 p.m. CDT

 

MEMPHIS, TN - The Pyramid on the Memphis riverfront isn't even paid for yet.

But Mayor Willie Herenton wants to spend more money on it.

State and local taxpayers are now building a $250 million stadium for the NBA's Memphis Grizzlies.

And the University of Memphis basketball team may want to move in.

To prevent that, Herenton wants to spend $4.5 million on the Pyramid.  That would finance new locker rooms and pay for seating changes to make the arena more comfortable for fans. 

The city and county still owe $35 million on the Pyramid.

(Copyright 2004 by The Associated Press.  All Rights Reserved.)

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