The Ravine, a $5 million project in The Edge District near Sun Studio, will feature retail and restaurant space, an amphitheater and children’s play structures and water features along the old rail corridor that runs beneath street level near High Cotton Brewing.Read the full article
"I think this is precisely the kind of grant that CCDC needs to look into doing more of," CCDC board member Ray Brown said before voting to approve the grant. "It's an astonishing building. It's an emergency situation. We have a credible developer who's turning himself into a Downtown hero, if he's not careful, and it takes us a little bit out of our comfort zone and that's a good thing."Read the full article
The Downtown Memphis Commission hosted a bus tour that spanned years of Downtown development.
“These projects are literally and inexplicably not possible without these board incentives,” said Ethan Knight, vice president of development with Development Services Group, which received a 20-year PILOT and garage funding for its expansive revitalization in the Edge District, including the Wonder Bread factory.
All in all, Downtown Memphis has $3 billion of development in the pipeline and is preparing for more projects to be announced in 2019.Read the full article
Additional Funding from Downtown Memphis Commission and Memphis Convention & Visitors Bureau Creates New Opportunities for Work Local Program
Hospitality Hub's Work Local program is expanded to five days per week with additional funding from Downtown Memphis Commission and Memphis Convention & Visitors BureauRead the full article
A Memphis woman is using inspiration she found on a summer trip to help transform a blighted building in Downtown Memphis, giving credence to the sentiment that one person can make a difference.Read the full article
Collective roperty values in Downtown have consistently risen since 2005 due to increased development activity and reduction of blight.Read the full article
Tackling blight is tough. The reasons for neglect are many and there is no singular answer that works to remedy it. Whatever the reason, blight devalues surrounding properties and neighborhoods, which is at odds for Downtown Memphis Commission's mission to increase property values in Downtown. Over the past few years, DMC has made it a priority to remedy blight throughout DowntownRead the full article