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FedEx Forum
FedExForum is a multi-purpose arena located in Downtown Memphis, Tennessee, Downtown Memphis, Tennessee. It is the home of the Memphis Grizzlies of the National Basketball Association, NBA and the NCAA Division I Memphis Tigers men's basketball, men's basketball program of the University of Memphis, both of whom previously played home games at the Memphis Pyramid. The venue also has the capability of hosting ice hockey games, concerts, and family shows. The arena officially opened in September 2004 after much debate and also a derecho Storm, wind storm on July 22, 2003, that nearly brought down the Crane (machine), cranes that were building it near the famed Beale Street. (See Memphis Summer Storm of 2003.) It was built at a cost of US$250 million and is owned by the City of Memphis; naming rights were purchased by one of Memphis's best-known businesses, FedEx, for $92 million. FedExForum was financed using $250 million of public bonds, which were issued by the Memphis Public Bui ...
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Beale Street
Beale Street is a street in Downtown Memphis, Tennessee, which runs from the Mississippi River to East Street, a distance of approximately . It is a significant location in the city's history, as well as in the history of blues music. Today, the blues clubs and restaurants that line Beale Street are major tourist attractions in Memphis. Festivals and outdoor concerts frequently bring large crowds to the street and its surrounding areas. History Beale Street was created in 1841 by entrepreneur and developer Robertson Topp (1807–1876), who named it for a forgotten military hero of the Mexican–American War. (The original name was Beale Avenue.) Its western end primarily housed shops of trade merchants, who traded goods with ships along the Mississippi River, while the eastern part developed as an affluent suburb. In the 1860s, many black traveling musicians began performing on Beale. The first of these to call Beale Street home were the Young Men's Brass Band, who were fo ...
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University Of Memphis
} The University of Memphis (UofM) is a public university, public research university in Memphis, Tennessee. Founded in 1912, the university has an enrollment of more than 22,000 students. The university maintains the Herff College of Engineering, the Center for Earthquake Research and Information (CERI), the Cecil C. Humphreys School of Law, the former Lambuth University campus in Jackson, Tennessee (now a branch campus of the University of Memphis), the Loewenberg College of Nursing, the School of Public Health, the College of Communication and Fine Arts, the FedEx Institute of Technology, the Advanced Distributed Learning Workforce Co-Lab, and the Institute of Egyptian Art and Archaeology. The University of Memphis is Carnegie Classification of Institutions of Higher Education, classified among "R1: Doctoral Universities – Very High research activity". History In 1909, the Tennessee Legislature enacted the General Education Bill. This bill stated that three colleges be esta ...
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Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include ''Fortune'' and ''Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is Steve Fo ...
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Acre
The acre is a unit of land area used in the imperial Imperial is that which relates to an empire, emperor, or imperialism. Imperial or The Imperial may also refer to: Places United States * Imperial, California * Imperial, Missouri * Imperial, Nebraska * Imperial, Pennsylvania * Imperial, Texa ... and United States customary units#Units of area, US customary systems. It is traditionally defined as the area of one Chain (unit), chain by one furlong (66 by 660 feet), which is exactly equal to 10 square chains, of a square mile, 4,840 square yards, or 43,560 square feet, and approximately 4,047 m2, or about 40% of a hectare. Based upon the International yard and pound, international yard and pound agreement of 1959, an acre may be declared as exactly 4,046.8564224 square metres. The acre is sometimes abbreviated ac but is usually spelled out as the word "acre".National Institute of Standards and Technolog(n.d.) General Tables of Units of Measurement . Traditionally, i ...
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FedExForum 2015
FedExForum is a multi-purpose arena located in Downtown Memphis, Tennessee. It is the home of the Memphis Grizzlies of the NBA and the NCAA Division I men's basketball program of the University of Memphis, both of whom previously played home games at the Memphis Pyramid. The venue also has the capability of hosting ice hockey games, concerts, and family shows. The arena officially opened in September 2004 after much debate and also a derecho wind storm on July 22, 2003, that nearly brought down the cranes that were building it near the famed Beale Street. (See Memphis Summer Storm of 2003.) It was built at a cost of US$250 million and is owned by the City of Memphis; naming rights were purchased by one of Memphis's best-known businesses, FedEx, for $92 million. FedExForum was financed using $250 million of public bonds, which were issued by the Memphis Public Building Authority (PBA). Design FedExForum was designed by architectural firm Ellerbe Becket. Concrete work done ...
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Public Bond
A country's gross government debt (also called public debt, or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt. In 2020, the value of government debt worldwide was $87.4 US trillion, or 99% measured as a share of gross domestic product (GDP). Government debt accounted for almost 40% of all debt (which includes corporate and household debt), the highest share since the 1960s. The rise in government debt since 2007 is largely attributable to the global financial crisis of 2007–2008, and the COVID-19 pandemic. The ability of government to issue debt has been central to state formation and to state building. Public debt ...
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FedEx
FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational conglomerate holding company focused on transportation, e-commerce and business services based in Memphis, Tennessee. The name "FedEx" is a syllabic abbreviation of the name of the company's original air division, Federal Express, which was used from 1973 until 2000. FedEx today is best known for its air delivery service, FedEx Express, which was one of the first major shipping companies to offer overnight delivery as a flagship service. Since then, FedEx also started FedEx Ground, FedEx Office (originally known as Kinko's), FedEx Supply Chain, FedEx Freight, and various other services across multiple subsidiaries, often meant to respond to its main competitor, UPS. FedEx is also one of the top contractors of the US government and assists in the transport of some United States Postal Service packages through their Air Cargo Network contract. FedEx's prominence in b ...
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Naming Rights
Naming rights are a financial transaction and form of advertising or memorialization whereby a corporation, person, or other entity purchases the right to name a facility, object, location, program, or event, typically for a defined period of time. For properties such as multi-purpose arenas, performing arts venues, or sports fields, the term ranges from three to 20 years. Longer terms are more common for higher profile venues such as professional sports facilities. The distinctive characteristic for this type of naming rights is that the buyer gets a marketing property to promote products and services, promote customer retention and/or increase market share. There are several forms of corporate sponsored names. For example, a ''presenting sponsor'' attaches the name of the corporation or brand at the end (or, sometimes, beginning) of a generic, usually traditional, name (e.g. Mall of America Field at Hubert H. Humphrey Metrodome); or, a ''title sponsor'' replaces the origin ...
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Memphis Summer Storm Of 2003
The Mid-South Derecho of 2003 was a severe derecho event that affected parts of the Southern United States, particularly southwestern Tennessee and northern Mississippi, including the Memphis metropolitan area. It left 7 people dead and enormous damage across the region. Storm On July 22, 2003, a progressive derecho with straight-line winds in excess of 100 miles per hour (160 km/h) struck Crittenden, DeSoto, Fayette, and Shelby Counties, including the city of Memphis. Surrounding counties also reported damage. The storm passed through the area between 6 and 7 am. Impact Over 300,000 homes, 70% of Shelby County, were left without power in the wake of the storm. Two individuals were left dead as a direct result of the storm, with several more deaths due to fires caused by unattended candles or generator accidents. This storm was very similar to the derecho that went through Kansas City, Missouri in June 1982, as well as one that hit St. Louis, Missouri ...
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Crane (machine)
A crane is a type of machine, generally equipped with a hoist rope, wire ropes or chains, and sheaves, that can be used both to lift and lower materials and to move them horizontally. It is mainly used for lifting heavy objects and transporting them to other places. The device uses one or more simple machines to create mechanical advantage and thus move loads beyond the normal capability of a human. Cranes are commonly employed in transportation for the loading and unloading of freight, in construction for the movement of materials, and in manufacturing for the assembling of heavy equipment. The first known crane machine was the shaduf, a water-lifting device that was invented in ancient Mesopotamia (modern Iraq) and then appeared in ancient Egyptian technology. Construction cranes later appeared in ancient Greece, where they were powered by men or animals (such as donkeys), and used for the construction of buildings. Larger cranes were later developed in the Roman Empire, e ...
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Storm
A storm is any disturbed state of the natural environment or the atmosphere An atmosphere () is a layer of gas or layers of gases that envelop a planet, and is held in place by the gravity of the planetary body. A planet retains an atmosphere when the gravity is great and the temperature of the atmosphere is low. A s ... of an Astronomy, astronomical body. It may be marked by significant disruptions to normal conditions such as strong wind, tornadoes, hail, thunder and lightning (a thunderstorm), heavy Precipitation (meteorology), precipitation (snowstorm, rainstorm), heavy freezing rain (ice storm), strong winds (tropical cyclone, windstorm), wind transporting some Chemical substance, substance through the Earth's atmosphere, atmosphere such as in a dust storm, among other forms of severe weather. Storms have the potential to harm lives and property via storm surge, heavy rain or snow causing flooding or road impassibility, lightning, wildfires, and vertical and horizont ...
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Derecho
A ''derecho'' (, from es, derecho, link=no , 'straight') is a widespread, long-lived, straight-line wind storm that is associated with a fast-moving group of severe thunderstorms known as a mesoscale convective system. Derechos can cause hurricanic and tornadic-force winds, heavy rains, and flash floods. In many cases, convection-induced winds take on a bow echo (backward "C") form of squall line, often forming beneath an area of diverging upper tropospheric winds, and in a region of both rich low-level moisture and warm-air advection. Derechos move rapidly in the direction of movement of their associated storms, similar to an outflow boundary (gust front), except that the wind remains sustained for a greater period of time (often increasing in strength after onset), and may exceed hurricane-force. A derecho-producing convective system may remain active for many hours and, occasionally, over multiple days. A warm-weather phenomenon, derechos occur mostly in summer, especial ...
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