News
Announcement
The World on Time – The Arena on Time (And Budget)

September 13th, 2004

MEMPHIS, Tenn. – It stands to reason that any building with FedEx in its name will be on time. The FedExForum opens here this fall on schedule, on budget and basking in the glow of the legendary Beale Street music scene. The 800,000 sf multipurpose arena is the new home of the NBA Memphis Grizzlies and NCAA Memphis University Tigers, as well as hockey, concerts and family shows.

You’d be hard-pressed to find a better arena site anywhere. “We’ve linked the building to the Beale Street experience,” said Lead Designer Jon Niemuth of Ellerbe Becket. Beale Street is a crossroads of American music, and the arena has been themed around the great sounds born and nurtured in Memphis.

Rock ‘n Roll, Blues, Jazz, Country, Gospel, it’s all here. FedExForum is the epicenter for a movement that changed the world. From Claiborn Temple to Church Park, from Beale Street to the Gibson Rock & Soul Museum, the new arena is center stage for national history and popular culture.

Local officials are marveling at how smoothly it’s all come together.

“We can’t build community centers on time and on budget,” Memphis City Councilman Brent Taylor told the Memphis Commercial Appeal. The fact that the $250 million FedExForum is opening on time and within budget “really is miraculous.”

New Memphis Arena Public Building Authority (PBA) Chairman Arnold Perl went a step further. He said FedExForum is poised to be “one of the biggest victories in the history of this city.” He cited the fact that Contractor Mortenson achieved substantial completion on July 30 – a day ahead of schedule – and is on pace to achieve minority participation goals.

FedExForum At A Glance

Cost $250 million
Developer New Memphis Arena Public Building Authority
Owner City of Memphis, Shelby County
Operator Memphis Grizzlies
Funding City and County Bond Sale
Architects Ellerbe Becket
LRK
Contractor Mortenson
Building Dimensions 748,000 sf
Seating 18,055 Basketball
18,879 Center Stage Concert
Suites 64 Total (28 lower level; 32 at club level; 4 party suites at club level)

Contact: news@ellerbebecket.com