The City Council's executive committee today briefly discussed the Memphis/Shelby county plan that will give the city ownership of the Pyramid before sending the proposal to full council this afternoon.
But before they did, council members Bill Boyd and Wanda Halbert gave each other a seemingly unlikely high-five.
"I don't see a downside," said Boyd. Halbert was the chair of the council ad hoc committee that worked on the plan.
The proposal gives the city sole ownership of the Pyramid, while ending ongoing funding to the now-joint city/county health department. The county would get $3.5 million for the building and $5 million in funding for the health department.
"That $8.5 million takes them out of [The Pyramid]," said council chair Myron Lowery.
Councilman Jim Strickland asked what the reason was for buying the Pyramid.
"We've done a lot of work to have the county meet their responsibilities and here we're reversing course," he said.
Administration representatives said the ownership change of the Pyramid would streamline the Bass Pro deal.
If all the other county municipalities fund the health department, the city will be on the hook for $2 million in 2011, but city officials noted that Millington has already said it will not fund the health department.