MDN: Mud Island Proposals to Reset If Tourism Funding Approved
Even if the city of Memphis gets state approval to use Downtown tourism development zone (TDZ) funds for Mud Island, Andy Cates says his outdoors company will not be part of any redevelopment plans for the river park.
And if the city gains TDZ funding, it would open redevelopment of Mud Island to more proposals.
Last month, Memphis developer Cates dropped RVC Outdoor Destinations’ bid to redevelop Mud Island, leaving only Branson, Missouri-based Mansion Entertainment and Media LLC’s proposal to redevelop just the amphitheater on the table.
As the city waits for state approval to use TDZ funds for developments like Mud Island River Park and the Memphis Cook Convention Center, Mansion is left waiting to see what happens.
“If the TDZ funding comes through, it will be a whole new solicitation with whole new set of requirements,” said Benny Lendermon, president of Riverfront Development Corp., a city entity that oversees Mud Island. “We’ve had several other people approach us lately, and we’ve told everybody to sit tight and let us figure out what funds, if any, that we have available and what our requirements are going to be.”
Bass Pro was one of five entities that put its name in consideration for redevelopment of Mud Island, but it didn’t submit a specific plan. In a letter, Bass Pro real estate director Michael Dunham indicated the outdoors company had considered “resort, timeshare, entertainment and museum uses, to name a few.”
Dunham went on to say its lease on the Pyramid gives Bass Pro a “large vested interest” in the area and he hoped the company would be consulted on future plans for the park, along with St. Jude Children’s Research Hospital and other stakeholders in the Pinch District north of Mud Island.