Thursday December 7, 2023

Grizzlies Consider $350M in Renovations for Home Arena

  • The Grizzlies have discussed inverting the number of lower bowl seats at FedExForum.
  • It would allow the team to generate more revenue by having more premium seats.
Exterior of Fedex Forum in Memphis, Tennessee
Christopher Hanewinckel-USA TODAY Sports
Linkedin
Copy Link
Link Copied
Link Copied

The home arena of the NBA’s Memphis Grizzlies may get a new look.  

Grizzlies executives and members of the Memphis City Council have reportedly discussed preliminary plans to renovate FedExForum with upgrades that could cost at least $350 million

The upgrades would be part of $684 million in arena funding plans proposed by Mayor Jim Strickland, which seek to extend two existing taxes that fund FedExForum’s debt. 

  • The Grizzlies have discussed inverting the number of seats in the arena’s lower bowl.
  • It would allow the Grizzlies to generate more revenue by having more premium seats.
  • FedExForum is owned by the city of Memphis and Shelby County.
  • The Grizzlies have a lease at FedExForum that expires after the 2028-29 season.

The Grizzlies — the 29th-most-valuable NBA franchise at $1.65 billion, per Forbes — are open to renovations after a promising 2021-22 season, which saw its 33-year-old general manager Zach Kleiman be named the NBA’s Executive of the Year — the youngest GM to win the award.

Grizzlies’ Zach Kleiman Wins Executive of the Year with Memphis ‘Moneyball’

Kleiman utilized a “moneyball” philosophy in Memphis, building a championship contender in…
May 12, 2022

New Home 

The Philadelphia 76ers are the latest NBA team to bypass renovations to build a new arena. 

In July, the team announced the creation of 76 Devcorp — a development company responsible for building a proposed new $1.3 billion arena near the city’s Chinatown. The potential new facility would be entirely privately funded and could open for the 2031-32 season.

The 76ers are valued at $3.15 billion, ranking as the 10th-most valuable NBA team.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

The Most Talked-about Part of the NBA Tourney? Look Down

Floors generate widespread rebuke for both design and safety.
NLL Seals Las Vegas

Meaningful NBA Games Finally Hit Las Vegas. Expect More

End of NBA In-Season Tournament is latest major event to hit sports boomtown.

Waiting Game: MLB Teams on Hold As Shohei Ohtani's Big Decision Looms

Delay in completing record-setting deal creating a freeze across league.

Going Bananas: Barnstorming Baseball Team Proves Too Big For MLB Parks

Team draws more than 2 million entries into 2024 ticket lottery.
podcast thumbnail mobile
Front Office Sports Today

Why the NBA May Have Made Billions With Midseason Tournament

0:00
0:00

Featured Today

The College Football Playoff is considering rotating TV networks for the national championship game.

CFP Considers Super Bowl-Like Rotation For National Championship Game

Multiple networks could share rights to the championship game, sources told FOS.
Brett Favre
November 27, 2023

Favre Welfare Case Hold-Up? "AG’s Office Has Not Expressed Interest In Pursuing"

The DOJ interviewed Brett Favre in early 2020.
The future of the Pac-12 rests on a court decision.
November 24, 2023

The Pac-12 Plays Its Final Regular-Season Game. Then A Court Decides Its Fate.

The conference's future rests with a court decision.
Lane Kiffin
November 9, 2023

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
FanDuel
Multiple Locations
Adidas
Multiple Locations
Creative Artists Agency
Multiple Locations

Commanders Spend Big On Current Home While Planning New Stadium

The Washington Commanders will keep upgrading FedEx Field.
November 30, 2023

Brisbane's Big Build: $1.8B Super Stadium For 2032 Olympics

Centerpiece venue for upcoming Games to be torn down, rebuilt.
A rendering of the SSG Landers new baseball stadium currently under construction in Incheon, South Korea.
December 1, 2023

Korean Baseball Team Building First Stadium With A Mall

The KBO’s SSG Landers are building a 21,000-seat stadium in Incheon.
Sponsored

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
Wimbledon center court on a partly sunny day
November 27, 2023

Wimbledon Expansion Fate Rests In London Mayor’s Office

London borough of Wandsworth votes against $250 million expansion bid.
A rendering of the inside of the proposed rebuild of Ryan Field.
November 21, 2023

Northwestern Secures Approval For New $800M Football Stadium

Northwestern's rebuild of Ryan Field can move forward after a contentious debate.
November 17, 2023

Tiger, Rory's New Golf League Dealing With Setback As Dome Collapses

The dome at SoFi Center in South Florida collapsed.
A rendering of the proposed renovations to the Louisiana Ragin' Cajuns football stadium.
November 17, 2023

Louisiana Ragin’ Cajuns Investing $65M in Stadium Renovation

It’s the biggest renovation since the venue opened in 1971.