Functions & Authority
The New Arena Public Building Authority (FedEx Forum) is a joint committee comprised of residents from Shelby County and the City of
Memphis. It was created pursuant to state law for the purpose of acquiring, constructing, equipping, leasing, and disposing of the FedEx
Forum Arena Complex.
The city and county assigned some, but not all, of their rights and responsibilities under the Memphis Arena Project Agreement to the New
Arena Public Building Authority (PBA). Essentially, the PBA owns the property and leases it back to the city of Memphis and Shelby County for
use as a public arena. The Sports Authority Corporation
financed the project (issued bonds) and the PBA used the funds to build
the project. The PBA will continue to exist until such time as the bonded indebtedness on the project is paid in full.
For additional information, please contact the county mayor's office
at (901) 222-2000 or Herman Morris
at (901) 575-6511.