The Memphis City Council has approved the purchase of AutoZone Park, home of the Memphis Redbirds (Class AAA; Pacific Coast League), after agreeing to issue $24 million in bonds. The bonds will cover both the purchase of the ballpark and improvements. The purchase of the ballpark from the facility’s bondholder, Fundamental Advisors, also clears the […]
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Decision on city takeover of AutoZone Park due today
Big day for the future of AutoZone Park, as the City Council is set to decide on a public purchase of the home of the Memphis Redbirds (Class AAA; Pacific Coast League). The proposal calls for the city to buy the ballpark for $14.5 million and allocate another $4.5 million toward future improvements. Also as […]
Memphis offers $20M for AutoZone Park; city, Cards to pay $20M for renos
The city of Memphis is set to pay $20 million for AutoZone Park, the home of the Memphis Redbirds (Class AAA; Pacific Coast League), and spend $5 million more on upgrades, along with $15 million from the St. Louis Cardinals. Those are the terms of the deal, which will be debated by the Memphis City […]