I believe it was a stadium initially. Now there are alligators inside.

Been in it and by it many times. Its pretty cool but in these times only a government would build something like this.

"Built in 1991 as a 20,142-seat arena, the facility was owned and operated jointly by the city of Memphis and Shelby County; Shelby County sold its share to Memphis in April 2009."

Classic downtown stadium grift. Was a stadium for a few years. Sounds like the tax payers got the shaft.

https://en.wikipedia.org/wiki/Memphis_Pyramid

Yeah I still don't get that

There is a ballad composed in it's honor, enjoy this piece of Americana: https://www.youtube.com/watch?v=jYE-1HfReQo