Beale Street Landing Restaurant Vendors Quit

Beale Street Landing Restaurant Vendors Quit

A downtown project may need another bailout, but this time it's not coming from the city. Investors in a restaurant at Beale Street Landing are calling off the deal. The $40 million Landing project is way over budget and far behind schedule.
MEMPHIS, TN (abc24.com) - A downtown project may need another bailout, but this time it's not coming from the city. Investors in a restaurant at Beale Street Landing are calling off the deal. The $40 million Landing project is way over budget and far behind schedule.

Beale and Second Inc. was taking over the restaurant space at Beale Street Landing. The Riverfront Development Corporation oversees the construction. Neither one of them wanted to talk on camera, but say they couldn't agree during the final stages of negotiations and their partnership quickly ended.

The new boat dock, park, and gift shop are open at Beale Street Landing. A brand new restaurant with tables, chairs, kitchen, and bar are ready for customers as well, but the restaurant remains closed, empty, and without a vendor.

"Wow, I didn't know that but I'm waiting for it to open. I want to see what's inside of it,” said Memphian Courtney Miles.

"Hopefully next time we come it'll be open and we'll be able to see inside as well,” said a tourist from England, Mandie Hilton.

The massive price tag for this project so far is $40 million, and that's likely to go up.

"It's a huge public expense,” said Memphis City Councilman Lee Harris. “Again I wasn't part of it when it started but I'm going to be part of it this budget cycle because they've come back and asked for an additional $8 million."

With the city dumping millions, the huge delays in construction, and now this latest set back, the Riverfront Development Corporation says they can still make this thing work.

"We're just going to count on them (RDC) to get somebody in there and to not miss a beat,” said Mayor A C Wharton. “The facility is there, it should not be that difficult."

One would think that, but now this puts a monkey wrench in the grand opening of the restaurant, which was supposed to be next month - but even that is seven years late.

"I hope they open it soon. I want to go inside and see. I've been here, like, 20 years now,” said Miles.

RDC says board members will not rush in finding a new vendor, and it may take another year to officially open the restaurant.
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