As another month passes we still have no definitive answer from Bass Pro on the purchase of the Pyramid. I now know how the worm on the hook feels. If Bass wants this deal they need to pony up, and now. This song and dance has gone on too long. The City has been negotiating with Bass Pro for nearly two years. Clearly with the state of the economy a business must be even more careful with each move it makes, but COME ON!
Recently Pastor Gary Faulkner of Cummings Street Missionary Baptist Church has made an offer of $12 million for the $65 million dollar facility. I'm not sure if this is a genuine offer or a way of drumming up some free press, but it doesn’t matter the offer is too little and we need commercial development in that area that will create jobs and a tax base.
Now I know Robert Lipscomb, the Mayor’s right-hand man, can be a brilliant strategist when it comes to putting together some complex deals and I can only hope he has a few aces up his sleeve.
The importance of properly developing this site can not be overlooked. It is one of the first thing people see as they cross Hernando de Soto Bridge from West Memphis, Arkansas. It is prominent in any picture of the Memphis riverfront skyline and it’s key to the redevelopment of the Downtown Pinch District.
The catch of Bass Pro Shop would be great for Memphis, but any good fisherman will tell you, sometimes when the fish aren’t biting you need to either change your bait or move to a better site.