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VOL. 130 | NO. 124 | Friday, June 26, 2015

Grizzlies Facilities Getting $350,000 Upgrade

By Don Wade

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The Memphis Grizzlies have applied for a $350,000 building permit to upgrade facilities at FedExForum, 191 Beale St.

During the June 23 Public Building Authority meeting, the Grizzlies were granted permission to start construction on the first phase of capital projects at the arena.

Improvements will include the addition of a new state-of-the-art video and screening room for coaches and players to analyze game and practice footage, renovation of coaches’ offices and new space for front office personnel.

The PBA holds the title to FedExForum, and the authority’s board must approve any capital expenditures that exceed $500,000. The $350,000 in upgrades approved at the June 23 meeting are being funded by the Grizzlies.

PERA

“The Grizzlies organization and (controlling owner) Robert Pera’s commitment to maintain and enhance FedExForum for both fans and players is vital to the Public Building Authority and our community,” said PBA chairman of the board David Levine. “By providing the funding for these improvements, Robert continues to exhibit his long-term commitment to professional basketball in Memphis.”

Jason Wexler,the Grizzlies’ president of business operations, said the facilities improvements “represent another step towards creating the best-in-class basketball organization that Robert Pera envisions.”

The application field with the city-county Office of Construction Code Enforcement lists Montgomery Martin Contractors LLC as the general contractor on the project. Construction is to begin immediately, according to the Grizzlies, and the initial phase is expected to be finished by the time the team reports for training camp in September.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 61 61 6,453
MORTGAGES 46 46 4,081
FORECLOSURE NOTICES 0 0 694
BUILDING PERMITS 113 113 15,474
BANKRUPTCIES 19 19 3,289
BUSINESS LICENSES 15 15 1,317
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0