The City of Memphis has spent $13.7 million over the past five years to bring a hotel, apartments and an entertainment venue to Liberty Park, as a way to spark economic development in the area. But years into the project, the hotels and the apartments haven't been built, the tax growth hasn't come to fruition and the city has had to use other money to pay its debt on the project, for three consecutive years.

Today, Mary Cashiola, editorial director of The Daily Memphian, and enterprise reporter Samuel Hardiman look at what's going on with the property and why it's so important to the city.

Plus:

• Team Car Cafe may be closing but it's going out with a bang
• Memphis City Council shifts Leftwich funds to the Audubon Golf Clubhouse and Jesse Turner Park renovations
• A judge tosses a theft case against two former charter school directors
• Memphis City Council passes a firefighter pay raise
• MSCS board sues the Election Commission over shortened terms