The Neural Nexus district is designed to advance Memphis's Digital Delta strategy by pairing modern digital infrastructure with direct community reinvestment. Through the city’s innovative policy, 25 percent of tax revenue generated within the district will be reinvested into public improvements within a five-mile radius. This mechanism ensures that our development contributes to better roads, enhanced educational facilities, expanded parks, and other essential public assets throughout the heart of Memphis.

Our team is encouraged by the meaningful engagement and enthusiasm from leaders across the city. As Principal and Co-founder Aiden Randolph shared, “We believe in what Memphis is building. The collaboration we have experienced confirms that this is the right city for long-term investment and partnership. Our goal is to contribute to shared prosperity by aligning innovation with community priorities.”

FedEx has also expressed support for exploring participation in this project. Richard Smith, COO of FedEx International and CEO of FedEx Airline, highlighted the strategic importance of the Neural Nexus concept for Memphis and for enterprise technology users across the region. Smith stated, “Legacy Power Capital plans to build what they call a neural nexus on two full city blocks in the heart of downtown Memphis. It would be a mixed-use innovation district with dedicated sovereign cloud computing, giving companies like FedEx the opportunity to move that cloud spend back to our city where it would help invigorate the local economy.”

Smith added that he and FedEx Chief Digital Information Officer Vishal Talwar recently met with the LPC team and were encouraged by the district’s potential. “We were excited about their plans for this project right here in the heart of downtown,” Smith said. He also noted that Talwar, after touring FedEx Plaza, remarked on the opportunity ahead for Memphis. “He said to me, Richard, I see so much potential in this city and especially right now in this age of massive AI investment. It is like a green field, and it could be reimagined as a tech hub.”

We at LPC share this belief in Memphis’s potential and reaffirm that our project does not depend on local incentives. Our focus is on cultivating strong relationships with enterprises and research organizations that see the region as a strategic environment for sovereign cloud computing, advanced research, and digital growth. By keeping the economic value of these technologies within Memphis, we aim to support the region’s competitiveness in a rapidly evolving global landscape.

Principal and Co-founder Geoff Simpson underscored the significance of this historic opportunity. “Very few cities offer the chance to develop two uninterrupted blocks in the core of a major downtown district. Memphis presents an extraordinary foundation for a purpose-built innovation ecosystem that blends research capability, enterprise growth, residential life, and public space. We see this as an investment that will create value for decades.”

Leading institutions, including the University of Memphis and the UT Health Science Center, are already exploring how Neural Nexus can enhance research capabilities and attract top-tier talent. Their early engagement underscores the potential for the district to become a catalyst for scientific discovery and enterprise innovation.

Local civic and business leaders have echoed this optimism. Ted Townsend, President and CEO of the Greater Memphis Chamber, has noted that the project reinforces the city’s position as a hub for technology and talent.

As we continue advancing this development, we remain committed to not just listening to the community, but actively engaging with the Memphians that make Memphis such a special city. Our aim is to deliver a district that reflects the city’s identity and amplifies its economic and cultural strengths.