The long-awaited private development portion of Liberty Park could start going vertical next year, a pair of city officials said Tuesday.

The city is negotiating a ground lease with Capstone Development for a small hotel and continues to renegotiate a letter of intent with High 5 Entertainment, a Texas-based entertainment venue, that could bring bowling and laser tag to The District at Liberty Park, the city’s new branding for the northwest corner of Liberty Park.

The private portion of Liberty Park has been promised for years. The city of Memphis first announced hotel and mixed-use development plans in mid-2019. Then, in 2020, the plans changed and the city announced the deals with Capstone and High 5 Entertainment. Construction was, at one point, expected during 2021 or 2022.

By OngkyF