Hartzman Tax & Fiduciary: Background on the Downtown Hotel, Bridget Chisholm and Memphis

1/26/10

Background on the Downtown Hotel, Bridget Chisholm and Memphis

[The] complaint against the City of Memphis and Shelby County in regards to the use of public funds for a proposed $250-million arena for the NBA's Memphis Grizzlies was upheld after hearing reports that Chisholm allegedly helped a business partner pursue the Grizzlies' broadcast rights.

Chisholm's business partner, James L. Hudson, is forming a sports broadcasting venture and is seeking the Grizzlies broadcast rights.

Chisholm allegedly helped arrange a meeting between Hudson and the Grizzlies ownership team.

However, Chisholm's attorney, R. Hunter Humphreys, says …Chisholm was considering investing when she had him write a letter to Shelby County …seeking his opinion on the propriety of her involvement.

[Shelby County Attorney Donnie E] Wilson's reply recommended that Chisholm suspend or hold any business dealings …until all votes on the relocation of the team were taken or recuse herself from the votes.

Humphreys says Chisholm is no longer considering joining the sports broadcasting venture.

Ragsdale's complaint seeks to remove Chisholm and void the NBA-related resolutions, contracts and agreements in which she voted.

Michael Paulk

Memphis Business Journal, August 9, 2001

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