Congressman Cohen Announces Additional $3.7 Million Grant for Memphis Riverfront Tourism Development

WASHINGTON — Congressman Steve Cohen (TN-09) announced today that the Department of Commerce’s Economic Development Administration (EDA) will invest $3,731,439 toward construction of the Tailout Trail along the waterfront of the Mississippi at Tom Lee Park. The grant will go to the Riverfront Development Corporation and the City of Memphis.

Congressman Cohen issued the following statement:

“This significant funding will accelerate the already impressive transformation of our downtown waterfront, reinforced when I was able to announce this spring a $3 million credit to the US Army Corps of Engineers for improvements to Tom Lee Park. Combined with private and government investments, this EDA grant to the Riverfront Development Corporation for the Tailout Trail project will unite our city and make the trail the kind of iconic park feature that will draw tourists and residents alike.

In its announcement, the EDA described the project and its impact: “The Tailout Trail will be one of a kind, inviting visitors up and (during high water) over the river habitat for spectacular views of the Mississippi, the Arkansas floodplain and the more than 325 species of birds.The project will bring national attention and support to Memphis and is expected to attract thousands of new visitors to the river.These visitors will have a significant impact on nearby restaurants, music venues, and hotels When completed, the Tailout Trail will be a major focal point for ecotourism in Memphis, spawning new small businesses associated with river tourism, bicycling, and hiking. hike, which will help increase employment opportunities, spur private investment, and advance economic resilience throughout the Region.”

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