Public subsidies for FedEx Logistic's Downtown move unveiled

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FedEx Logistics' high-profile move to the former Gibson Guitar Factory Downtown is positioned to land millions in public subsidies for the operating company as well as the building's owner, Somera Road. The Downtown Memphis Commission (DMC) announced Tuesday, Feb. 12, that its Center City Development Corp. (CCDC) and Center City Revenue Finance Corp. (CCRFC) will each consider incentives for the project at specially called meetings on Feb. 14. Based on both organizations' track records, those incentives...

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