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Some area leaders believe the county needs to build a new jail, but one question is how to pay for it. A group of developers has a possible solution — and a possible site. They’ve pitched the idea of relocating the county’s entire criminal justice complex to the former Firestone site in North Memphis and doing a billion-dollar lease-to-own deal.
Today, editorial director Mary Cashiola and commercial real estate reporter Dima Amro discuss the financial terms of the deal and how a similar lease-to-own agreement was used in Kansas.
Plus, Richard Smith is expected to be elected to FedEx's board of directors, the Tigers released their first depth chart of the 2025 season, a former Memphis Tiger has been suspended by FIBA, MPD is opening a new Mt. Moriah police station, three Memphis TV stations could soon have one owner, Southaven's KIRBY is releasing a new album and Brooks Museum curators want Memphis to be nationally known for Black art.
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Some area leaders believe the county needs to build a new jail, but one question is how to pay for it. A group of developers has a possible solution — and a possible site. They’ve pitched the idea of relocating the county’s entire criminal justice complex to the former Firestone site in North Memphis and doing a billion-dollar lease-to-own deal.
Today, editorial director Mary Cashiola and commercial real estate reporter Dima Amro discuss the financial terms of the deal and how a similar lease-to-own agreement was used in Kansas.
Plus, Richard Smith is expected to be elected to FedEx's board of directors, the Tigers released their first depth chart of the 2025 season, a former Memphis Tiger has been suspended by FIBA, MPD is opening a new Mt. Moriah police station, three Memphis TV stations could soon have one owner, Southaven's KIRBY is releasing a new album and Brooks Museum curators want Memphis to be nationally known for Black art.
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