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VOL. TMN-7 | NO. 2 | Saturday, January 4, 2014
Weekly Issue

Debt and Liability

City’s financial woes could dominate political agenda in 2014

There is rarely a good answer to the question “How much?” in politics.

Editorial: City Hall Reeling in Financial Straits

The issue that promises or threatens to dominate 2014 at City Hall is the one that just about everyone in city government would rather see out of the spotlight.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: January 3-9

2013: On the front page of the Daily News, Club Crave, at Fourth and Beale streets, had been closed as a public nuisance under a General Sessions Environmental Court order. The order followed a Christmas Eve shooting at the club that killed one person and injured two more. Memphis Mayor A C Wharton Jr. vowed the city would seek to demolish the building. The club still stands but has not reopened since.

Hats in the Ring

Filing opens for candidates in more August races

Tennessee Gov. Bill Haslam will be seeking a second term as governor, and U.S. Sen. Lamar Alexander will be running for re-election – both starting with the Aug. 7 statewide primaries that open for filing Friday, Jan. 3.

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Park Expresses Purposeful Giving in Book

Whether it’s on television, on the radio, in print or around town, Lipscomb Pitts Breakfast Club President Jeremy Park seems to be everywhere, and a quick scan of his professional history reveals a similarly expansive career.

Memphis Made, Reverb Unite for Coffee Stout

A partnership between a small production brewery in Memphis and a micro coffee roastery hints at new developments for each venture in 2014.

Memphian Finds Success With Matchmaking Agency

Memphian Kim Hill has always loved planning events as a hobby. She also has a knack for introducing single people who subsequently hit it off.

Cameraman’s Collection

Newman’s historic Memphis photos on display

Don Newman was a photographer whose pursuit of the perfect shot once took him to the middle of one of the busiest streets in Memphis.

Rape Kit Backlog Triggers Calls for Change

As the Memphis Police Department backlog of rape kits moves into federal court with the new year, there will be another attempt to change Tennessee laws to delay the statute of limitations in rape cases to start running when rape kits are processed.

Association for Women Attorneys to Host Annual Banquet

In less than a month, the Association for Women Attorneys will host its annual bash that includes a silent auction, cocktail reception and an award presented to a prominent member of the legal community.

Banner Year for East Memphis Office Space

The Memphis office real estate market began showing signs of life in 2013, with the market for Class A office space in the East Memphis submarket fueling the resurgence.

Tasty Treats

Nothing Bundt Cakes franchise opens in East Memphis

Nothing Bundt Cakes opened its doors to a welcomed holiday rush late last week, as the bakery franchise made its entry into the Memphis market.

Ratings Agencies Weigh In on City’s Bonds

Standard & Poor’s, one of the big three bond-rating agencies, has assigned a AA rating to the city’s general obligation bonds and the revenue bonds proposed for use in a city purchase of AutoZone Park, and has given the city’s financial health a “stable” outlook on both fronts.

Tunica Furniture Market to Make Debut

The first Tunica Furniture Market is ramping up to descend on Gold Strike Casino Resort and Harrah’s Tunica Jan. 8-9, with approximately 60,000 square feet of showroom space displaying furniture available for purchase by retailers.

Fewer Reservations

Memphis hotel market battles sluggish 2013

The Memphis hotel market is being classified as somewhat sluggish in 2013 because of slower than anticipated convention traffic, but hotels such as the Memphis Marriott East and Downtown’s Madison Hotel reported busier second halves of the year.

Literacy Mid-South to Launch Book Festival

Literacy Mid-South is preparing to turn the page on 2013 and begin a new year and new chapter in the group’s story.

Industrial Uptick Seen in Outer Counties

The Memphis industrial market saw the return of speculative development in 2013 and an uptick in tenants seeking blocks of 500,000 square feet or more.

SPORTS

‘Hungry’ Johnson Making Most of Latest NBA Chance

You can’t really call this forward James Johnson’s second chance because the Memphis Grizzlies are his fifth NBA team, if you count his four preseason games with the Atlanta Hawks before being released last October.

Wading In With a Few Thoughts to Begin 2014

1) A shout-out to Tennessee State Parks’ First Hikes of 2014 program. My wife and 15-year-old son and I spent part of our New Year’s Day hiking 5.8 miles at Fort Pillow State Park in Henning. Great way to step into the New Year. Even if we did order pizza after returning home.

SMALL BUSINESS SPOTLIGHT

Battleground Lacrosse Gives Area Players Place to Shop

Damon Waxler was led into the world of memorabilia by collecting as a child. It would eventually lead to opening the store Dixie Pickers in October 2012 on Main Street in Collierville’s Town Square.

MEMPHIS STANDOUT

Malasri Promotes Importance of Young Memphis Leaders

Jittapong “J.T.” Malasri, a civil engineer with Memphis Light, Gas and Water Division, says his father probably knew his son would go into the engineering field long before he himself did. And his father, Siripong Malasri, should know – he was the dean of the School of Engineering at Christian Brothers University before returning to the classroom to teach and chair various departments.

MEMPHIS NEWSMAKERS

Makino Named Music Director at Opera Memphis

Ben Makino has joined Opera Memphis as the company’s music director. The conductor and pianist, who most recently worked with the Long Beach Opera in Long Beach, Calif., previously served as the music director of Opera Memphis’ inaugural 30 Days of Opera in 2012.

MEMPHIS LAW TALK

Shelton Returns Home After Traveling Globe

Before settling in for a career in law, Jack Shelton, an associate with Harris Shelton Hanover Walsh PLLC, needed to quench his thirst for travel.

REAL ESTATE RECAP

Highland Street Family Dollar Sells for $1.6 Million

656 S. Highland St., Memphis, TN 38111, Sale Amount: $1.6 million -
The Family Dollar retail store at 656 S. Highland St. near the University of Memphis has sold for $1.6 million.

LOCAL COLUMNISTS

Horseback Rides With Weddings

BRIDAL PATHS. As I did last year, I begin this year revisiting markers on the journey.

New Year, New You

January is the perfect time to begin working on your 2014 plan. As you prioritize your New Year’s resolutions, consider a career cleanup along with your plans to go to the gym more often. If you’ve been thinking of a career change, whether it’s an internal promotion or moving to a new company or field altogether, this is the perfect time.

2014 Game-Changing Sales Trends

With the rapid technological advancements that have accompanied the Information Age, the “selling process” has been shifting toward more of a “buying process” for years, as most buyers engage in significant online research prior to ever engaging a sales rep. Today’s buyers are further along in the sales process, with a much clearer understanding of what they need before your sales reps ever get their shot.

Swear Off Spending That Causes Holiday Hangovers

Ray’s Take: It was a great holiday. The decorations sparkled, the food was opulent, and the gifts were worthy of the best Santa Claus. However, in a tradition nearly as old as the holiday itself, now the mailbox is stuffed with bills and your bank account is depleted.

How to Succeed in Fundraising

Happy New Year! Are you beginning 2014 with your hopes pinned on a bountiful new year? Does your vision of December 2014 include smiling faces as you toast members of your fundraising team, celebrating a year that broke fundraising records? Are you dreaming of fundraising success, or are you planting seeds that can bear fruit this year and for years to come?

Embrace Potential in 2014

The renowned architect Frank Lloyd Wright, when asked which one of the many buildings he designed was his favorite, without hesitation replied, “My next one.” The new year that stretches out in front of us has the same potential to be the best yet, for Memphis and for each of us.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 156 11,921
MORTGAGES 77 227 15,577
FORECLOSURE NOTICES 15 57 3,080
BUILDING PERMITS 222 606 28,832
BANKRUPTCIES 82 210 11,517
BUSINESS LICENSES 23 73 4,228
UTILITY CONNECTIONS 87 339 17,522
MARRIAGE LICENSES 18 61 3,625

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