Crosstown CEO Todd Richardson Steps Down
Richardson will move into a Chief Impact Officer role while remaining CEO until a successor is named.
Updated on Nov. 5, 2026 in Openings & Closings
Live Poll
Do you think your neighborhood is getting better or worse?
Crosstown President and CEO Todd Richardson announced Thursday that he plans to step down and move into the role of Chief Impact Officer. He will remain CEO until a replacement is found.
Why it matters
The transition shifts Richardson from running the organization to translating the Crosstown Concourse development model into neighborhood-scale strategy in Memphis. It comes as the redevelopment effort approaches its tenth anniversary.
The Crosstown Redevelopment Cooperative mission began promoting neighborhood development in 2014, and the revitalization effort reaches its 10th anniversary soon. No successor for the CEO position has been identified, and no timeline for the search was stated.
The players
Todd Richardson
Richardson is the president and CEO of Crosstown, the Memphis redevelopment organization that has driven neighborhood revitalization efforts around the Crosstown Concourse.
The details
Richardson made the announcement Thursday, stating he will translate the Crosstown Concourse model into neighborhood-scale strategy as Chief Impact Officer. The neighborhood has seen Satellite Music Hall open, while the OutMemphis headquarters is under construction and vacant commercial parcels remain on surrounding streets.
Timeline
Thursday (week of November 5, 2026): Richardson announces plan to step down as CEO
2014: Crosstown Redevelopment Cooperative mission begins promoting neighborhood development
Upcoming: Vertical village marks 10th anniversary of revitalization
Market Landscape
Richardson's move from CEO to Chief Impact Officer applies the Crosstown Concourse development model, launched by the Crosstown Redevelopment Cooperative in 2014, to neighborhood-scale strategy. The shift reflects how the project's leadership is adapting its approach as the revitalization approaches its tenth anniversary.
Residents and businesses in Crosstown will see continuity as Richardson remains CEO until a successor is chosen. The leadership change may shape how neighborhood development proceeds in the Memphis area.
The takeaway
Leadership transitions at neighborhood redevelopment organizations can signal how a project shifts from building to community impact. Memphis readers following Crosstown's progress should watch for the naming of a new CEO.
Further reading
For more on local business changes, see Openings & Closings in Memphis.
Source note: This article includes information reported by News Channel 3 WREG-TV Memphis.
Live Poll
Do you think your neighborhood is getting better or worse?
