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VOL. 128 | NO. 152 | Tuesday, August 6, 2013

Council Debates Restoring MATA Service

A day before the board of the Memphis Area Transit Authority votes on significant cuts in bus and trolley service, the Memphis City Council will review $2.1 million in capital spending for the authority.

New Space

Amurica photo studio to open Crosstown storefront

When Jamie Harmon formally throws open the doors to the first storefront for his Amurica photo studio – later this month, if all goes according to plan – fans of his quirky, trinket-filled photo booth will have somewhere permanent they can visit.

School Opening Goes Smoothly With A Few Bumps

Missed buses and late buses as well as late registration were an expected part of opening day of the consolidated school district.

Commission Scraps Process for Filling School Board Vacancy

Attorneys for the Shelby County Commission are seeking a status conference with U.S. District Court for the Western District of Tennessee Judge Samuel “Hardy” Mays on their plan to convert what is now a 23-member countywide school board to 13 members effective Sept. 1.

Memphis Considers Options for Raleigh Springs Mall

The city of Memphis is considering acquiring the Raleigh Springs Mall site as part of a civic-driven effort to revive the former retail hub.

Local Weather
Today
Memphis, TN
78°F
Partly Cloudy
Wind: 6 mph
Humidity: 36%

EVENTS

Memphis Rotary Club will meet Tuesday, Aug. 6, at noon at the University Club of Memphis, 1346 Central Ave. U.S. Rep. Steve Cohen will speak. Cost for nonmembers is $18. R.S.V.P. to Taylor Hughes at taylor@memphisrotary.org.

more events »

Business Leaders Say Tax Incentive Process is Tough

It still takes too long to make a deal to move a business to Memphis with tax incentives, but without them, Memphis can’t compete with tax rates in other cities in the Southeast U.S., according to two local business leaders.

LaVere Stays Busy in Preparation of New Album

Memphis-based musician Amy LaVere’s third solo album, “Runaway’s Diary,” won’t be released until early next year, but the songwriter, bassist and vocalist has a few summer projects that should keep anxious fans satisfied.

GOVERNMENT AGENDA

Aug. 6 Memphis City Council Agenda

The Memphis City Council will meet Tuesday, Aug. 6, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for an agenda.

REAL ESTATE RECAP

Building Permit Filed for Volvo of Memphis

7910 Trinity Road, Cordova, TN 38018, Permit Cost: $2.3 million -
The ownership group of Volvo of Memphis has filed a $2.3 million building permit for the company’s new dealership at 7910 Trinity Road in Cordova.

LOCAL COLUMNISTS

Investors, Hang in There

March 6, 2009, was a dark day in the investment world. The S&P 500 reached an intra-day level of 666 (no, that number is not a typo), as the pains of a prolonged and severe recession had swelled to a genuine concern of a pending economic depression.

Can’t Sell What You Don’t Know

Part one of a two-part interview with Mike Bruns. Mike Bruns possesses the characteristics of an ideal board member: deeply engaged with the organizations he supports, generous as a donor, and he treats his nonprofit involvement with the same seriousness he applies to business ventures.

STATEWIDE

Corrections Corp. of America Closes on $36 Million Buyout

NASHVILLE (AP) Corrections Corp. of America, one of the largest prison operators in the country, has completed its approximately $36 million acquisition of the privately held Correctional Alternatives Inc.

State's Largest Solar Farms Planned for McNairy

SELMER, Tenn. (AP) – McNairy County could soon be home to the two largest solar energy installations in the state.

Cool, Wet Spring is Blessing, Curse to TVA Revenue

KNOXVILLE (AP) – The Tennessee Valley Authority didn't sell as much electricity in its third fiscal quarter as last year's equivalent period, but it produced more cheap power.

NATIONAL BUSINESS

Growth at US Service Firms Jumps on New Orders

WASHINGTON (AP) – U.S. service firms expanded in July at the fastest pace since February, fueled by a brisker month of sales and a jump in new orders. The increase suggests economic growth could be picking up after a weak first half of the year.

European Watchdog Approves US Airways, AMR Merger

AMSTERDAM (AP) – European authorities have cleared US Airways Group Inc.'s proposed merger with American Airlines' parent company, AMR Corp. – on the condition that they give up one slot at London's Heathrow airport and take steps to foster competition on the London-Philadelphia route.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

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