NON-TRANSPARENT
Agricenter – The Agricenter is a $226M County owned facility that Agricenter International gets free use of while renting facilities out and realizing the rent proceeds for agricultural industrial development. The conservatively assumed subsidy amount is approximately 1% of total facility value or $2.5M per year or $25M over 10 yrs
- Shelby County Government. 2022 Shelby County Annual Comprehensive Financial Report, Pg B-1. Retrieved on 9/2/23 from https://shelbycountytn.gov/ArchiveCenter/ViewFile/Item/12685
- Kent, Joe B. FOIAs – Unanswered by Agricenter Commission. Submitted on 7/5/23 https://1drv.ms/b/s!AiNXRWm6KZQigowV31f-hrFfhBiUrg?e=kfAmpJ and https://1drv.ms/b/s!AiNXRWm6KZQigowWfIhvUdfYXwQ5-Q?e=HhkqXz
City of Memphis Riverfront Steering Committee (RSC) – These amounts are included, in part, in the MRPP reference above but pertain to the amount of PUBLIC spend the TSC is responsible for overseeing across the Riverfront: Tom Lee Park $40M, Boat Docks $20M, Cobblestones $11M, Mud Island $10M, Brooks $12.5M and Cossitt $7M. Total $100M. Only minutes to the RSC are below, which supports that the RSC never functioned to oversee Riverfront work.
- City of Memphis. FOIA Response to Requesting Riverfront Steering Committee Minutes. Received on 8/26/22 https://1drv.ms/b/s!AiNXRWm6KZQigo56Yf4tTAj-YKMulQ?e=nHvOaz
Epicenter calculated amount based on $4M amount announced by TNECD at the Black Caucus meeting at the NCRM on July 29,2023, while assuming $1M from other public sources x 10 = $50M
- Epicenter. FOIA Response. Received on 8/31/23 https://1drv.ms/b/s!AiNXRWm6KZQigo53lwIJEU9HzAm2yw?e=ZQf8c9
Memphis River Parks Partnership (MRPP) – $40M for maintenance for 10yrs, $40M public contribution for Tom Lee Park Renovation. Total $80M
- Kent, Joe B. MRPP. Unanswered public information requests. Received on 9/9/22 https://1drv.ms/b/s!AiNXRWm6KZQigo55EN4INaHGabaKPg?e=CReccr and on 1/19/23 https://1drv.ms/b/s!AiNXRWm6KZQigo54aIADM-NlfTTiBQ?e=W75Tgb
Memphis Shelby Crime Commission (MSCC) will not respond to public information request for their historic audited financials
- Kent, Joe B. Unacknowledged and unanswered public information request for MSCC’s audited financials. Sent on 8/6/23 https://1drv.ms/b/s!AiNXRWm6KZQigo589a9Xt8bqag93wA?e=fAqcwA
MLGW has not responded to a public information request regarding benchmarking to support $229M tree trimming contract.
- Kent, Joe B. 8/31/23 public information request – https://1drv.ms/b/s!AiNXRWm6KZQigo5h3XDDF4dTPxpLig?e=m1PM2G
Regional One (R1) – $350M has been budgeted from Shelby County Government for the rebuild of Regional One State is expected to match with $350M plus Shelby County Government further operationally subsidizes Regional One $30M per year. Over 10 yrs. the amount would be $1B.
- Shelby County Government. FOIA unfulfilled response to request for R1 minutes. Received on 8/25/23 – https://1drv.ms/b/s!AiNXRWm6KZQigo51EFdef0-L7D_C8g?e=1azmHG
Shelby County Government – Health Department call center outsource contract was $00,000.
- Shelby County Government. FOIA unfulfilled response to request for SCHD business case for call center outsource $400K contract. Received on 8/21/23 – https://1drv.ms/b/s!AiNXRWm6KZQigo52HNgTzAenkUQq3w?e=rHXigC
Shelby County Government – University of Memphis sign database involved approximately a $1M potential contract award.
- Shelby County Government. FOIA unfulfilled response to request vendors noticed for sign database project Received on 7/6/23 – https://1drv.ms/b/s!AiNXRWm6KZQigo57nm6aRjKDaN5xsA?e=kmGnGg
Tennis Memphis gets free use of City of Memphis Tennis courts to offer tennis programming.
- Tennis Memphis. public information request denial. Received on 8/1/21 https://1drv.ms/b/s!AiNXRWm6KZQigo50cm4orMiDwIIKDw?e=BKfPU2
SUBSIDIES
Calculation is a percentage of Municipal rates to County tax rates. County subsidies are referenced from the 2022 Shelby County Trustee PILOT report. The calculation multiples the County subsidy x the municipal percentage.
EDGE – Electrolux – See pg. 32 of the financials where $904,731 is due from the City and County. Those amounts are debt service payments for Electrolux. https://comptroller.tn.gov/content/dam/cot/la/advanced-search/2022/industrial-development-board/11941-2022-qg-edge-rpt-cpa16-2-15-23.pdf
Estimate for City/County contracts assumes a 50% participation by the City of Memphis and Shelby County
Estimate for TIFs adds $1.4M to the $8.6M of Memphis Shelby Community Redevelopment TIFs receipts as an estimate for all of the TIFs in Memphis and Shelby County. See page 12 – https://comptroller.tn.gov/content/dam/cot/la/advanced-search/2021/economic-development/11548-2021-qg-cramemphis-rpt-cpa730-8-04-22.pdf
Forgone CNH, Helena Chemical and BASF is based on Agricenter’s John Butler’s Commission testimony on 11/9/22 that BASF has a $40M greenhouse on Agricenter grounds, while also noting that there are no real property records for BASF, CNH or Helena Chemical. Given the $40M figure, the estimated value of forgone property taxes of all 3 entities is $1M.
Forgone parking revenue is based on the award of 1,000 free public parking space for ServiceMaster’s now Terminix relocation downtown. $80x1000x12=$960,000. The $960K is then apportioned per property tax rate of Shelby County and City of Memphis.
Shelby Ann Report is a reference to the 2022 Shelby County Annual Comprehensive Financial Report. On pdg pg 21, report page B-1, the Agricenter asset is valued at $226M. The conservative subsidy estimate to Agricenter is assumed at around 1% of the value or $2.5M per year. See report – https://shelbycountytn.gov/ArchiveCenter/ViewFile/Item/12685
Trustee is the 2022 Shelby County Trustee PILOT Report pdf pg 9. See – https://www.shelbycountytrustee.com/ArchiveCenter/ViewFile/Item/6639