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The future of the legendary Mid-South Coliseum, home of classic professional wrestling for decades under Jarrett Promotions, may finally be determined by the end of the month.
The Memphis Commercial-Appeal reported today that Wiseacre Brewing will decide by the end of the month whether it wishes to move forward with a $12 million renovation and lease of the former entertainment venue, which was shut down in 2006 due to the costs needed to renovate the venue in order to bring it into modern standards. An attempt by Jerry Lawler to run the venue one last time, featuring a proposed match between himself and Hulk Hogan was denied by the city.
If Wisacre moves forward with their plans, they would take over the the first floor of the Coliseum and rent the remaining space to a mix of businesses that according to the Commercial Appeal, "might include restaurants, a bowling alley, climbing walls, a wrestling museum and a Civil Rights homage."
Developer Brian Saulsberry had pushed to restore the venue as a concert and entertainment hub, but his bid was denied due to doubts he would be able to raise the necessary funding.
There has been a huge push from Memphis residents to save the facility, as opposed to paying to have it destroyed. Memphis wrestling historian and author Mark James has been very involved in the campaign.
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Thanks to Jeff Sheridan.
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