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VOL. TMN-6 | NO. 52 | Saturday, December 21, 2013
Weekly Issue

Building Capacities

Road projects roll forward throughout metro area

Major road and highway projects like the Interstate 269 loop, I-40/240 and the Mallory Road interchange near Frank Pigeon Industrial Park made substantial progress during 2013, with several phases of important transportation corridors wrapping up and new projects planned for 2014 and beyond.

Editorial: Make Roads Work for Our Communities

Where roads are built, development follows.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: December 20-26

2012: Memphis got on inch of snow Christmas night into the day after Christmas as northeastern Arkansas got a blizzard with 10 to 14 inches reported there.

Federal Lawsuit Filed Over Rape Kit Backlog

A Memphis woman sexually assaulted in 2001 filed a “Jane Doe” lawsuit in Memphis Federal Court Friday, Dec. 20, against the city of Memphis over the city’s backlog of unprocessed rape kits going back to the 1980s.

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EVENTS

Playhouse on the Square will host a Four Seasons Cocktail Series happy hour Saturday, Dec. 21, from 5:30 p.m. to 6:30 p.m. at Playhouse, 66 S. Cooper St. The event will include guided tours of the theater, including areas off limits to the public. Cost is free; donations benefit Memphis Youth Symphony Orchestra. Visit playhouseonthesquare.org.

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FBI Investigating Shelby County Election Commission

FBI agents have interviewed a Shelby County Election Commission member in what appears to be a probe of the agency that conducts local elections.

Cox Departs Airport Authority as Southwest Adds Flight

Longtime Memphis-Shelby County Airport Authority President and CEO Larry Cox celebrated his final board meeting before retirement with the announcement that Southwest Airlines is adding a flight next summer.

Bright Spot

Multifamily market emerges from recession, enjoys solid growth

The Memphis multifamily market turned in a strong performance during 2013, with enhanced investor interest and new units under construction.

Shopping Center Group Moving to New Office

The Shopping Center Group LLC is moving to a new office.

FedEx Income Rises But Misses Estimates

Memphis-based FedEx Corp. posted net income of $500 million, or $1.57 per share, in its fiscal second quarter, which ended Nov. 30.

Start Co. Joins Global Accelerator Network

Start Co., the Memphis-based venture development group focused on grooming startup companies and their founders, is itself about to do some starting anew.

Pioneering Woman

Grant Brown first female to head homebuilders association

It was 2004 and Kim Grant Brown had just finished her junior year at the University of Tennessee-Knoxville.

Plan to Renovate Southbrook Mall Resurfaces

Memphis Mayor A C Wharton Jr.’s administration is working on a broader plan for economic development in Whitehaven that will include a renovation and possible public use of Southbrook Mall.

Baptist CEO Set to Retire Next May

Baptist Memorial Health Care Corp. President and CEO Stephen Reynolds will retire next May, with Jason Little, Baptist’s executive vice president and chief operating officer, taking over as the hospital system’s next president and CEO.

School Board to Weigh Additional School Closings

Shelby County Schools board members voted Tuesday, Dec. 17, to start the process of considering the closing of four more schools for the 2014-2015 school year, bringing the number of schools that could close to 13.

City Council Questions Pension Plan

Memphis Mayor A C Wharton Jr. plans to ask the Memphis City Council sometime in February or March to close the city’s defined benefits pension plan to new hires and those city employees with less than 10 years of service.

Elkington’s Farewell

Beale Street developer steps down after 30 years

It’s been more than three years since city leaders declared the next chapter of the Beale Street entertainment district was about to begin.

Commission Votes Down School Board Pay Raise

The issue of how much to pay elected officials was settled Monday, Dec. 16, by the Shelby County Commission on one front.

Batch Memphis Launches Gift Service

The three Nashville friends who started Batch Nashville, which delivers a surprise batch of local goods each month to subscribers’ doorsteps, are bringing the service to Memphis.

Bunker Exits With Dig at Election Commission

Shelby County Commissioner Wyatt Bunker’s last meeting as a commissioner Monday, Dec. 16, saw Democrats supporting his resolution of “no confidence” in Shelby County Elections Administrator Richard Holden.

Classroom Coding

STEM education efforts in Tennessee gather momentum

A movement is afoot to ensure the classroom of the future adds new science and technology-based pillars – like writing code – to traditional standbys like reading, writing and arithmetic.

Varsity Spirit Keeps Parades Stocked With Talent

The Macy’s Thanksgiving Day Parade marks more than just the beginning of the holiday season – it also kicks off a wave of parades across the world, from New York to Philadelphia to Houston to Florida to London.

Brown Launches County Commission Campaign

In a Midtown apartment last week, Jake Brown gathered his friends and friends of those friends to launch his campaign for a seat on the Shelby County Commission in the 2014 county elections.

Achievement School District Prepares for Third Year

It was already official before Achievement School District superintendent Chris Barbic made the formal announcement last week.

UTHSC Taps Davis to Lead Biomedical Informatics

Dr. Robert L. Davis has been appointed as the founding director of the University of Tennessee Health Science Center’s Center in Biomedical Informatics and the University of Tennessee-Oak Ridge National Laboratory Governor’s Chair in Biomedical Informatics.

SPORTS

Grizzlies Now the Team Getting Kicked Around

It is no longer too early to determine the highlight of the Grizzlies 2013-2014 season.

No Need to Spin Tigers’ Nice Start

Every special season has critical mileposts along the way. The Tigers’ first came in Stillwater, Okla., where, again, they weren’t up to the challenge of a ranked opponent in Oklahoma State. Thus, the Tigers and their coach returned to harsh criticism in Memphis and waited for the next opportunity.

MEMPHIS STANDOUT

Pike Indulges ‘Museum Bug’ as Director of Pink Palace

Steve Pike, director of museums for the Pink Palace Family of Museums, calls himself a generalist, happy to have his hands in all things theoretical and material. It’s a label that envelopes his interests, his career choices, and going back to his liberal arts education at Marian University in Indianapolis.

MEMPHIS LAW TALK

Dickerson to Carry Tradition of Service as Young Lawyers Division President

Jake Dickerson, associate with Baker, Donelson, Bearman, Caldwell & Berkowitz PC, is the incoming 2014 president for the Young Lawyers Division of the Memphis Bar Association.

MEMPHIS NEWSMAKERS

Van Vliet Takes on Roles at UT Medical, The MED

Dr. Michael M. Van Vliet has joined the department of plastic surgery at UT Medical Group, has been named assistant professor at the University of Tennessee Health Science Center and has been appointed director of burn critical care for the Firefighters Regional Burn Center at The Regional Medical Center at Memphis.

REAL ESTATE RECAP

Ruby Tuesday Sells Bartlett Lots for $1.1 Million

8348 U.S. 64, Bartlett, TN 38133, Sale Amount: $1.1 million -
Ruby Tuesday Inc. has sold two vacant lots at 8348 U.S. 64, also known as Stage Road, in Bartlett for $1.1 million.

LOCAL COLUMNISTS

Christmas Coming Home

CHRISTMAS TIME. Every Christmas I tell this story, and in the telling Christmas comes home.

Don’t Panic Over Scary Financial News

Ray’s Take If it’s not another country defaulting on their debts it’s political gridlock on economic issues here or ominous predictions about the Federal Reserve. The news seems to be featuring more than its share of scary economic news these days.

Reading With Wolves

Thirteen-year-old Brian Robeson is the passenger in a Cessna. He’s headed to visit his dad in north Canada for the summer. The pilot dies of a heart attack. Brian crash-lands the plane in a lake surrounded by a dense forest. Can he survive?

Social Media Predictions for 2014

If you’ve found yourself on the sidelines, hesitant to commit to social media until now, it’s time to get in the game. Social media is here for the long haul, and every day that you delay, you’re losing market share and handing your competitors a coveted competitive advantage.

The Economy in 2013: Naughty and Nice

Thanks to the Federal Reserve’s dedication to increasing your net worth, 2013 will go down as one of the most prosperous years on file. Stock prices have increased more than 20 percent and U.S. home prices have increased nearly 15 percent. These gains hit national headlines, but the gains for back-page asset classes are equally impressive.

Fundraising Reflections for 2013

Part one of a two-part series. The year-end can be a perfect time to reflect on your 2013 fundraising activities and to anticipate 2014. If you are a nonprofit CEO, board member, staff or volunteer we have three questions to focus your reflections.

Since When is Failure Good?

Failure is the new business and innovation buzzword. Magazine articles, consultants and even professors are encouraging everyone to “learn to fail.”

Lucchesi a True Memphis Legend

Winston Churchill once said, “We make a living by what we get, we make a life by what we give.” Angelo Lucchesi did both.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 64 64 16,477
MORTGAGES 72 72 21,504
FORECLOSURE NOTICES 0 0 4,266
BUILDING PERMITS 0 0 39,378
BANKRUPTCIES 69 69 15,611
BUSINESS LICENSES 13 13 5,504
UTILITY CONNECTIONS 84 84 23,657
MARRIAGE LICENSES 37 37 5,072

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The Memphis News: Business, politics, and the public interest.