Daily Jigsaw: Major zoo gift
The Memphis Zoo’s elephants will soon join the Memphis Grizzlies and the University of Memphis Tigers as the latest beneficiaries of the Smith family’s generosity.
Nearly three years ago, a $50 million gift from the family helped break the stalemate regarding stadium funding between the NBA franchise and the U of M. The pledge helped the City of Memphis stretch $350 million in state funds between ongoing renovations to FedExForum and Simmons Bank Liberty Stadium.
Now, the Smith family — led by Diane Smith, the wife of late FedEx founder Fred Smith — is making a similar pledge and challenge to the Memphis Zoo: Raise $50 million, and we’ll match it. It’s the latest example of the family’s long-term backing of sports and civic assets in Memphis.
Read the article here.
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