Memphis Mayor Discusses Key City Leases, Including Grizzlies Arena
Memphis mayor engaged in discussions regarding the city's lease for the Grizzlies, the 100 N. Main building, and the Sheraton hotel.
Memphis, TN, October 6, 2026 — The Mayor of Memphis has been involved in discussions concerning several significant city leases, including the lease agreement for the Memphis Grizzlies basketball team. These discussions also encompass the city’s lease for the property located at 100 N. Main Street and the lease for the Sheraton hotel.
Further details regarding the specific nature of these discussions, such as the parties involved beyond the Mayor’s office, the timeframe over which these talks have occurred, or the current status of each lease agreement, were not provided in the available summary. The specific objectives or outcomes of these discussions also remain undisclosed.
The lease for the Memphis Grizzlies is a crucial element for the city’s sports and entertainment landscape. The team currently plays its home games at the FedExForum, a venue with which the city holds a long-term lease agreement. The terms and conditions of such leases often involve substantial financial commitments and operational responsibilities for both the city and the team’s ownership.
Similarly, the 100 N. Main building is a prominent commercial property in Memphis. The city’s engagement with its lease for this building suggests potential considerations regarding its use, maintenance, or future development. The summary did not specify whether the city is a tenant, landlord, or has another vested interest in the building’s lease.
The Sheraton hotel lease is another item on the agenda for discussion. Properties like the Sheraton often play a significant role in a city’s hospitality sector and may involve agreements related to city-owned land or specific operational arrangements. The extent of the city’s involvement in this lease was not detailed.
Without additional information, it is unclear what prompted these discussions or what potential implications they may have for the city’s budget, municipal operations, or economic development. The summary did not specify the exact dates of these discussions or whether any resolutions have been reached.
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