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Sponsors of the ordinance say this would essentially end Metro's financial responsibility of maintaining and managing the convention center and the Renaissance Center.
Instead, the group Ashford JV out of Dallas would take over those operations.
The ordinance was sponsored by District 1's Lonnell Matthews, District 19's Erica Gilmore and district 32's Jacobia Dowell, who is also the vice chair of the Convention, Tourism and Public Entertainment Facilities Committee.
Dowell says the Ashford management group has promised to invest $20 Million to upgrade convention space and Renaissance's 673 hotel rooms.
Dowell says that will help support the efforts of the new Music City Center and the larger events its expected to draw.
"The Renaissance Center is in close proximity to the Music City Center and we have an opportunity to capitalize on using that hotel space so it's definitely needed in the city," Dowell said.
Under this ordinance, the Ashford JV group would maintain management of the space for at least four years...
Dowell says Metro government will still reserve the right to sell the space if an interested buyer comes forward in the future.
Tuesday, February 5 2013, 10:52 PM CST
Tennessee News
Memphis libraries seeking funding
May 25, 2013 13:07 GMT
MEMPHIS, Tenn. (AP) -- The public library system in Memphis is hoping to secure $2.9 million to add employees and increase its collection.
The Memphis Daily News (http://bit.ly/19BANxH) reports the Memphis Public Library & Information Center cites the figures as part of its strategic plan.
A study by the Friends of the Library and the Memphis Library Foundation found that during the past five years, the system's budget has been cut 21 percent and hours were reduced 20 percent.
The goal of the new funding would be to add 47 employees to the 18-location library system and increase the collections budget to $2 million from less than $1 million.
Library director Keenon McCloy says the plan is a "roadmap for the future."
Information from: The Memphis Daily News, http://www.memphisdailynews.com
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