FedExForum renovations could last until 2032, Mayor says
Mayor Paul Young outlined the next steps in the planned renovations of FedExForum on Tuesday, Feb. 4. One step is asking the Memphis City Council to raise the city’s hotel-motel tax by 0.5%.
The proposed increase in the hotel-motel tax would bring the City of Memphis’ hotel-motel tax rate to 4%, the maximum allowed by state law.
Young said the city and Shelby County are planning a $550 million renovation of the arena. This includes $80 million in capital expenditures, which are largely deferred maintenance but also include architecture work for the broader renovation project.