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Editorial Results (free)

1. Nike Seeks $1.6 Million Permit for Frayser Expansion -

Nike Inc. has applied for a $1.6 million building permit through the city-county Office of Construction Code Enforcement for additions to its distribution center at 3100 New Frayser Blvd.

2. Wharton Administration No Show At Fairgrounds Forum -

No one from the administration of Memphis Mayor A C Wharton Jr. showed up Wednesday, Jan. 28, for a public forum on Wharton’s still-developing plan for the redevelopment of the Mid-South Fairgrounds.

3. Jobless Rates for Memphis, Shelby County Drop -

The unemployment rates for Shelby County and the city of Memphis both fell by about a percentage point in December, according to new figures out today from the Tennessee Department of Labor and Workforce Development.

4. Shelby County Foreclosures Dip 22 Percent in 2014 -

Foreclosures took an even sharper dive in 2014 than they did in 2013. Compared to a 15 percent slide from 2012 to 2013, over the past year residential foreclosures in the county slipped 22 percent, from 3,555 in 2013 to 2,787 in 2014, according to real estate information company Chandler Reports, www.chandlerreports.com.

5. Settlement Could Fund I-Zone Schools -

With federal money about to run out for the Shelby County Schools Innovation Zone schools, the $8 million in cash due from the city of Memphis next month is most likely to land in the bank account for that effort.

6. Tennessee Homeless Programs Getting $21 Million From HUD -

MEMPHIS, Tenn. (AP) – U.S. Housing and Urban Development officials say more than $21 million in grants will support 162 local homeless housing and service programs in Tennessee.

HUD said Monday that the Continuum of Care grants will help provide critically needed services for homeless people and their families.

7. Tax Breaks for Ikea Prompt Calls for Changes -

When the board of the Economic Development Growth Engine approved a $9.5 million, 11-year tax abatement incentive last week for the new Ikea furniture store planned for Cordova, the decision set in motion the next wave in an already robust political discussion about such incentives.

8. Invest Early -

It would be true if you were talking about stock in Apple Inc., Google Inc. or Netflix Inc. And it is true when talking about children.

9. Lot Shortage Leads to Fewer New Homes -

Shelby County homebuilding activity slowed in 2014 as builders filed fewer permits and sold fewer homes than in 2013.

Homebuilders filed 850 permits in 2014, down 8.6 percent from 930 permits filed in 2013 and down 7 percent from 914 permits filed in 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.

10. Commission Approves Center Point Terminal Lease -

Shelby County Commissioners approved Monday, Jan. 26, a new five-year lease between Center Point Terminal Co. LLC and the Memphis and Shelby County Port Commission for a dock, wharf and other facilities on Presidents Island in the barge business.

11. $42 Million Permit Filed For Target Fulfillment Center -

5461 Davidson Road
Memphis, TN 38118
Permit Amount: $42 million

12. Fairgrounds Plan Draws Different Opinions -

The first renderings of a recast Mid-South Fairgrounds offered years ago are just one misstep early on that continues to plague the project still in search of specific private partners.

The conceptual drawings were heavy on baseball diamonds when the idea of two mayoral administrations at City Hall was and remains more soccer fields, basketball courts and a multi-purpose sports facility along with baseball diamonds.

13. One Percent -

Majority and minority are volatile terms in Memphis.

Using them in a context outside race requires an explanation because without that, the assumption is the terms are being used in a racial context.

14. Commissioners Watching What’s Next for Fairgrounds Plan -

It’s not on the Monday, Jan. 26, agenda of the Shelby County Commission, but commissioners are watching the political dominoes that are lining up en route to some kind of move by the city of Memphis toward a Fairgrounds Tourism Development Zone.

15. EDGE Approves Ikea Incentives -

Swedish furniture retailer Ikea has been awarded an 11-year tax break to develop a $64 million store near Interstate 40 and Germantown Parkway that is expected to employ 175 people.

The board of the city-county Economic Development Growth Engine on Wednesday, Jan. 21, approved the controversial payment-in-lieu-of-taxes incentive on an 8-1 vote. Larry Jackson voted against the measure.

16. EDGE Approves Incentives for Memphis Ikea Store -

Swedish furniture retailer Ikea has been awarded an 11-year tax break to develop a $64 million store near Interstate 40 and Germantown Parkway that is expected to employ 175 people.

The board of the city-county Economic Development Growth Engine on Wednesday, Jan. 21, approved the controversial payment-in-lieu-of-taxes incentive on an 8-1 vote, with Larry Jackson voting against the measure.

17. Fairgrounds TDZ Agreement Getting Closer -

The deal to win Shelby County government’s backing of Memphis Mayor A C Wharton’s plan for a Fairgrounds Tourism Development Zone is getting more complex.

The latest version outlined Tuesday, Jan. 20, at City Hall still includes a city guarantee to make up any sales tax revenue that would normally go to fund local public schools that might be lost to financing the reconfiguration of the Fairgrounds.

18. Council Approves Schools Deal, Appoints Boyd -

Two weeks after they ignored a proposed $43.1 million settlement of the six-year old schools funding legal standoff, Memphis City Council members Tuesday, Jan. 20, approved a $41.8 million settlement with Shelby County Schools.

19. Council Takes Up Beale’s Next Act -

Memphis City Council members are likely to have some questions Tuesday, Jan. 20, about the still tentative settlement of the last part of the court fight for control of Beale Street.

The tentative terms of the settlement between the city of Memphis and the Beale Street Development Corp. leaked last week and include a share of revenues from the operation of the entertainment district for the BSDC that would otherwise go to the city, which owns the property between Second and Fourth streets.

20. Women’s Foundation Announces 29 Grants -

The Women’s Foundation for a Greater Memphis has selected 29 recipients to receive grant funding for its 2014-2015 funding year, with allocations totaling $510,000.

Each year, the foundation invites organizations whose projects or continuing programs fall within its mission, vision and one or more of five areas of focus (economic and financial literacy, entrepreneurship, job readiness/career development, leadership development and non-traditional job training) to apply for funding.

21. BSDC to Exit as Beale Landlord, Keep Old Daisy -

The Beale Street Development Corp. would no longer be the landlord of the Beale Street Entertainment District under terms of a tentative agreement with the city of Memphis.

But the nonprofit corporation that has been part of the three-headed arrangement for running and controlling Beale Street since the late 1970s would get up to $120,000 a year out of the net income the city makes from the street.

22. Women’s Foundation Announces 29 Grants -

The Women’s Foundation for a Greater Memphis has selected 29 recipients to receive grant funding for its 2014-2015 funding year, with allocations totaling $510,000.

Each year, the foundation invites organizations whose projects or programs fall within its mission, vision and one or more of five areas of focus (economic and financial literacy, entrepreneurship, job readiness/career development, leadership development and non-traditional job training) to apply for funding.

23. Commission Approves New County Fire Trucks -

The Shelby County Commission voted Monday, Jan. 12, to approve $2 million in funding to buy three custom fire engine pumpers and a rescue truck from Ferrara Fire Apparatus Inc. for the Shelby County Fire Department.

24. County Commission Endorses Haslam Plan -

At the first Shelby County Commission meeting of 2015, all but one of the 13 commissioners voted for a resolution backing Tennessee Gov. Bill Haslam’s Medicaid expansion plan, “Insure Tennessee.”

That included some vocal Republican opponents of the Affordable Care Act in general.

25. County Commission Endorses Haslam's Medicaid Expansion Plan -

Shelby County Commissioners, including some vocal Republican opponents of the Affordable Care Act in general, are calling on the Tennessee Legislature to approve Tennessee Gov. Bill Haslam’s Insure Tennessee Medicaid expansion plan.

26. Bank of Bartlett Buys Germantown Property -

1870 Kirby Parkway
Germantown, TN 38138
Sale Amount: $4.1 million

Sale Date: Dec. 29, 2014
Buyer: Bank of Bartlett
Seller: Spence Ray
Details: Bank of Bartlett has bought back a site on Kirby Parkway in Germantown for $4.1 million.

27. Executive Inn Demolition Long Time Coming -

The old Executive Inn hotel on Airways Boulevard where Brooks Road dead ends is the latest problem vacant property to be demolished and touted by Memphis Mayor A C Wharton Jr. as another step in his administration’s anti-blight effort.

28. City Officials Ponder Macy’s Whitehaven Exit -

Memphis officials say they were blindsided by the announcement from Macy’s that it was closing its store at Southland Mall in Whitehaven and hope they can prevent more retailers from closing inner city locations.

29. Elvis Birthday Proves Eventful on Several Fronts -

Jack Soden, the head of Elvis Presley Enterprises, looked out at a crowd on the front lawn of Graceland last week in single-digit temperatures and talked about the durability of Elvis Presley’s appeal.

30. Macy’s Exit Presents Problems, Possibilities in Whitehaven -

In what could be a troubling sign for the city’s first enclosed mall, Macy’s is closing its 150,000-square-foot store at Southland Mall in early spring, a move that will affect 112 employees.

The South Memphis store is one of 14 locations Macy’s will close this spring as part of a national restructuring, the retailer announced late Thursday, Jan. 8. The 14 stores account for approximately $130 million in annual sales, according to the company.

31. Strings Come With Fairgrounds Zone -

Shelby County Commissioners could take up an endorsement Monday, Jan. 12, of the city’s proposed Tourism Development Zone for redevelopment of the Mid-South Fairgrounds.

But at this point, the backing has a lot of strings attached. And those strings involve two issues related to local schools funding.

32. Loeb Pays $450,000 for Newby’s Property -

Memphis-based Loeb Properties paid $450,000 to acquire the Newby’s property on the Highland Strip near the University of Memphis.

Highland University District LLC, an affiliate of Memphis-based Loeb Properties, acquired 535 and 539 S. Highland St. from Paragon Bank, according to a Dec. 29 deed of trust.

33. Bank of Bartlett Buys Germantown Property -

Bank of Bartlett has bought back a site on Kirby Parkway in Germantown for $4.1 million.

Bank of Bartlett bought the branch location at 1870 Kirby Parkway, located just south of Poplar Avenue, from developer M. Spence Ray, according to a Dec. 29 warranty deed. According to marketing materials for the property, Bank of Bartlett had almost five years left on its lease at the location. Bank of Bartlett sold the property to Ray, vice president of McNeill Commercial Real Estate, for almost $3.2 million in 2007.

34. Southwest Tennessee Grows With Demand -

For Nathan Essex, the president of Southwest Tennessee Community College, his tenure has been a series of changes.

It was Essex who presided over the merger of Shelby State Community College and State Technical Institute in the late 1990s, before he was appointed president of the resulting Southwest Tennessee Community College in 2000.

35. Harris Goes to Nashville -

At his last Memphis City Council session, Lee Harris reflected this week on his three years on the council and the group of politicians he joined.

36. City Council Delays Vote on Beale Tourism Authority -

At the first Memphis City Council meeting of 2015, council members delayed for two weeks a vote on a Beale Street Tourism Development Authority to guide future development of the entertainment district through a nine-member appointed board.

37. Greenline Bike Repair Stations Open -

For most bike riders on the Shelby Farms Greenline it’s what might be called the offseason, which makes this the perfect time for the soft opening of four bike repair stations by the Shelby Farms Park Conservancy and Conway Services, which is sponsoring the stations.

38. Concerns Raised About Ikea Incentives -

Some city of Memphis officials are concerned that offering tax incentives to Swedish furniture retailer Ikea could set a dangerous precedent, one that could open the door for other retailers, including large mall owners, to seek the tax breaks.

39. Tennessee Brewery Redevelopment Plans Emerge -

The long-vacant Tennessee Brewery Downtown could be reborn as a largely residential project, according to new details about the pending redevelopment.

The development team behind the brewery project at 495 Tennessee St. is considering renovating the current building into residential units, the ground-up construction of a new residential building adjacent to the existing structure and a new parking garage with ground floor commercial space to be built directly across the street.

40. New Details Emerge About Tennessee Brewery Redevelopment -

The long-vacant Tennessee Brewery Downtown could be reborn as a largely residential project, according to new details about the pending redevelopment.

The development team behind the brewery project at 495 Tennessee St. is considering renovating the current building into residential units, the ground-up construction of a new residential building adjacent to the existing structure and a new parking garage with ground floor commercial space to be built directly across the street.

41. Council Signals Return to Schools Funding Mediation -

It’s back to mediation Thursday, Jan. 8, in the six-year long schools funding deadlock between the city of Memphis and Shelby County Schools.

That was the next step several Memphis City Council members pointed to after more than an hour behind closed doors at City Hall Tuesday with their attorney as well as city Chief Administrative Officer George Little.

42. Bank of Bartlett Buys Germantown Property -

Bank of Bartlett has bought back a site on Kirby Parkway in Germantown for $4.1 million.

Bank of Bartlett bought the branch location at 1870 Kirby Parkway, located just south of Poplar Avenue, from developer M. Spence Ray, according to a Dec. 29 warranty deed. According to marketing materials for the property, Bank of Bartlett had almost five years left on its lease at the location. Bank of Bartlett sold the property to Ray, vice president of McNeill Commercial Real Estate, for almost $3.2 million in 2007.

43. Creative Destruction -

For about three years Veronica Skinner called the two-story, 24-unit apartment building at 480 Tillman St. in the Binghampton neighborhood home.

44. Loeb Pays $450,000 for Newby’s Property -

Memphis-based Loeb Properties paid $450,000 to acquire the Newby’s property on the Highland Strip near the University of Memphis.

Highland University District LLC, an affiliate of Memphis-based Loeb Properties, acquired 535 and 539 S. Highland St. from Paragon Bank, according to a Dec. 29 deed of trust.

45. The Preserve at Southwind Sells for $28 Million -

7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $28 million

Sale Date: Dec. 22, 2014
Buyer: Southwind Apartments LP
Seller: G&I VII Preserve at Southwind Apartments LP
Loan Amount: $18 million
Loan Date: Dec. 18, 2014
Maturity Date: Oct. 31, 2020
Lender: Jackson National Life Insurance Co.
Details: A team that includes Memphis-based Foegelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

46. Council to Vote on Beale Street Tourism Authority -

Memphis City Council members vote Tuesday, Jan. 6, on the creation of a Beale Street Tourism Development Authority to oversee the future of the entertainment district.

The proposal by Memphis Mayor A C Wharton Jr. sets up a nine-member body appointed by the mayor and confirmed by the City Council to issue bonds for construction projects in the district, levy fees to pay off the debt and to make lease agreements with tenants.

47. Building the Base -

It was late September, and local officials were deeply engaged with retail giant Target as the company explored investing in an online fulfillment center in Memphis when the discussions turned toward a familiar subject.

48. Loeb Acquires Newby’s Restaurant Space -

Memphis-based Loeb Properties has acquired one of the most venerable locations on the Highland strip.

Loeb purchased the long-time home of club and restaurant Newby’s at 535 and 539 Highland St. from Paragon Bank. A purchase price was not disclosed Friday, Jan. 2.

49. Big Deals Highlight 2014 Real Estate -

In Inked, we like to highlight local real estate transactions and the often-interesting companies leasing or buying commercial real estate space in the Memphis market. We also like to keep you informed about major deals before they happen and track companies that are critical to the local economy. Here are some important items that appeared in Inked in 2014.

50. Shelby County Homebuilding Activity Continues to Slow -

Homebuilding in Shelby County was off last year’s pace again in November, with builders pulling fewer permits and selling fewer homes than in November 2013.

Shelby County homebuilders filed 43 permits last month, down 29.5 percent from 61 permits in November 2013, according to real estate information company Chandler Reports, www.chandlerreports.com. The 43 permits filed in November is down 31.7 percent from the 63 permits filed in October.

51. Fogelman Affiliate Files Loan on Former Cozymel’s Site -

6450 Poplar Ave.
Memphis, TN 38119
Loan Amount: $6.1 million

Loan Date: Dec. 17, 2014
Maturity Date: Jan. 1, 2023
Borrower: Crown Centre LLC
Lender: Financial Federal Bank
Details: A company affiliated with Robert F. Fogelman II has filed a loan on a key piece of East Memphis land.

52. Council, Commission Contemplate Year Ahead -

With their next meetings scheduled for January, the Memphis City Council and the Shelby County Commission are done for the year.

The commission met one time in December instead of its normal twice-monthly schedule. The council held the second of its two monthly meetings on Dec. 16.

53. Two Storage Facilities Sell for $4.9 Million -

Affiliates of Oaktree Capital Management have acquired two Memphis area mini-storage properties for $4.9 million.

SSSP Kirby Raines LLC, an affiliate of Los Angeles-based Oaktree Capital, acquired the mini-storage property at 6504 E. Raines Road from TSRE III Kirby Raines LLC for $2.5 million, according to a Dec. 2 warranty deed. The 50,910-square-foot storage development was built in 1995, and the Shelby County Assessor of Property’s 2014 appraisal is $1.3 million.

54. Cordova Hotel Sells for $2.5 Million -

A Microtel Inn & Suites in Cordova has sold for $2.5 million.

Shiv Sai Ram LLC purchased the 66-room, three-story hotel at 2423 N. Germantown Parkway from Link-Paras LLC, according to a Dec. 15 warranty deed. The purchase price breaks down to around $37,878 per room.

55. Owner Files $6.1M Loan on Former Cozymel’s Site -

A company affiliated with Robert F. Fogelman II has filed a loan on a key piece of East Memphis property.

Crown Centre LLC filed a $6.1 million loan with Financial Federal Bank for the old Cozymel’s Mexican Grill location at 6450 Poplar Ave. near International Paper’s campus in East Memphis, according to a Dec. 17 deed of trust.

56. Editorial: Pursuit of Authentic Memphis is a Winding Road -

Last year at this time, we talked about city finances and our pursuit of economic development. The year before, it was federal government shutdown.

This year, we will offer a change of pace from that and follow the lead of our cover story, which features suggestions about the city’s promise and its challenges in the year ahead and the year now in the books.

57. Memphis Resolutions -

The end of the year hastens a season of resolutions about the year ahead, resolutions about what to include on the blank canvas of a new year.

No matter who you are, the road to 2015 starts at the same place – through the experience of 2014. With that in mind, we surveyed many of the people we’ve covered in these pages in the last year to talk about the possibilities ahead.

58. $200,000 in Grants Awarded to Nonprofits -

The Community Foundation of Greater Memphis has approved grants in its Nonprofit Capacity Building funding category that total more than $200,000.

The Nonprofit Capacity Building grants help established organizations improve operations and increase efficiency. The Foundation’s Board of Governors approved grants totaling $212,471 to 15 nonprofit organizations on Dec. 18. This year’s grant awards range from $4,900 to $23,390; each organization must raise a dollar-for-dollar match.

59. Owner Files $6.1 Million Loan on Former Cozymel's Site -

A company affiliated with Robert F. Fogelman II has filed a loan on a key piece of East Memphis property.

Crown Centre LLC filed a $6.1 million loan with Financial Federal Bank for the old Cozymel’s Mexican Grill location at 6450 Poplar Ave. near International Paper’s campus in East Memphis, according to a Dec. 17 deed of trust.

60. Cordova Hotel Sells for $2.5 Million -

A Microtel Inn & Suites in Cordova has sold for $2.5 million.

Shiv Sai Ram LLC purchased the 66-room, three-story hotel at 2423 N. Germantown Parkway from Link-Paras LLC, according to a Dec. 15 warranty deed. The purchase price breaks down to around $37,878 per room.

61. City, County Catch Late-Year Economic Development Surge -

Through September, things were looking somewhat bleak for Memphis and Shelby County on the economic development front.

At that point in the year the city and county were on pace to tie a record low for the number of payments-in-lieu-of-taxes, or PILOT, agreements granted to companies in a year. While granting fewer tax incentives could be viewed as good news because companies were more fiscally sound or confident about operating in Memphis and Shelby County, the lower level of activity represented a dip in the level of economic investment in the area.

62. Council, Commission Contemplate Year Ahead -

With their next meetings scheduled for January, the Memphis City Council and the Shelby County Commission are done for the year.

The commission met one time in December instead of its normal twice-monthly schedule. The council held the second of its two monthly meetings on Dec. 16.

63. Two Storage Facilities Sell for $4.9 Million -

Affiliates of Oaktree Capital Management have acquired two Memphis area mini-storage properties for $4.9 million.

SSSP Kirby Raines LLC, an affiliate of Los Angeles-based Oaktree Capital, acquired the mini-storage property at 6504 E. Raines Road from TSRE III Kirby Raines LLC for $2.5 million, according to a Dec. 2 warranty deed. The 50,910-square-foot storage development was built in 1995, and the Shelby County Assessor of Property’s 2014 appraisal is $1.3 million.

64. Wharton Defends Local Tax Incentives, Searches for New Methods to Compete -

Memphis Mayor A C Wharton Jr. is pursuing a new economic development strategy that would allow those parts of Tennessee bordering other states to mirror or match the incentives on the other side of the state line.

65. A Present for the Kids -

GIVE THANKS. This Christmas, our country has given our kids a chance. As a county, we had a chance to do it for ourselves but local government wouldn’t fund it and local citizens wouldn’t pay for it. As a state, our governor had to be talked into asking for it and our Legislature would rather not talk about asking for help at all.

66. Nearly 500 to Lose Jobs in Shelby County -

Nearly 500 employees in Shelby County will lose their jobs by next June, including 210 at Cargill Inc. and 84 at Delta Airlines, according to the state Department of Labor and Workforce Development.

67. Beale Street Authority Takes Shape -

A new tourism development authority being proposed for the Beale Street entertainment district would not replace the Beale Street Development Corp.

68. Events -

Madonna Learning Center will present its 2014 Christmas play, “Home for the Holidays,” Tuesday, Dec. 16, at 10 a.m. and 7 p.m. and Wednesday, Dec. 17, at 7 p.m. at the Germantown Performing Arts Center Duncan-Williams Performance Hall, 1801 Exeter Road. Tickets are $5. Visit gpacweb.com.

69. Elvis Presley Enterprises Applies for Hotel Building Permit -

3066 Elvis Presley Blvd.
Memphis, TN 38116
Permit Amount: $57 million

70. Target, Cummins Seek 15-Year Tax Breaks -

Memphis and Shelby County are offering generous tax incentives to attract and retain hundreds of jobs.

Discount retailer Target and Cummins Inc. are seeking tax breaks for projects that total 1,429 jobs.

71. Events -

The 13th annual Porter-Leath Toy Truck will collect new, unwrapped toys and monetary donations Monday, Dec. 15, to Dec. 19 from 7 p.m. to 7 p.m. at WMC-TV Action News 5, 1960 Union Ave., and Bud Davis Cadillac, 5433 Poplar Ave. Donations from both locations will benefit children and families served by Porter-Leath. Visit porterleath.org.

72. Airport Hires Manager to Increase Air Service -

Memphis International Airport has hired a former American Airlines network planner to help increase service at the airport.

The Memphis-Shelby County Airport Authority has tapped Will Livsey to serve as its new Senior Manager of Air Service Research and Development.

73. Events -

The 13th annual Porter-Leath Toy Truck will collect new, unwrapped toys and monetary donations Monday, Dec. 15, to Dec. 19 from 7 p.m. to 7 p.m. at WMC-TV Action News 5, 1960 Union Ave., and Bud Davis Cadillac, 5433 Poplar Ave. Donations from both locations will benefit children and families served by Porter-Leath. Visit porterleath.org.

74. New Industrial Market Takes Hold in Marshall, Fayette Counties -

In November, Volvo began operations at its new parts distribution center in Marshall County, Miss.

The 1 million-square-foot distribution center inside Panattoni Development Co.’s Gateway Global Logistics Center is the centerpiece of the company’s streamlined North American parts distribution network and helped solidify the Marshall County and Fayette County, Tenn., region as a major player in local industrial real estate.

75. Airport Hires Manager to Increase Air Service -

Memphis International Airport has hired a former American Airlines network planner to help increase service at the airport.

The Memphis-Shelby County Airport Authority has tapped Will Livsey to serve as its new Senior Manager of Air Service Research and Development.

76. Chamber Wants to Clean Up Memphis -

If Greater Memphis Chamber officials get their wish, Memphis will be the nation’s cleanest city by 2019.

The chamber will spearhead a four-year effort to help clean up the litter and waste found in so many corners of the Bluff City, an ambitious new “moon mission” for the economic and community development organization.

77. A Tale of Two Projects -

At 7.7 miles, it takes about 12 minutes to make the drive between the Mid-South Fairgrounds and Graceland.

However, the political fortunes of each couldn’t be more different.

A financing plan for a long-delayed expansion of the Graceland campus to develop all 120 acres owned by Elvis Presley Enterprises and amassed since the mid-1990s cleared the Shelby County Commission this week and the Memphis City Council a week before.

78. Target Bringing 400-Job Project to Memphis -

Memphis is poised to land hundreds of new jobs and retain several hundred more. Target will seek incentives from Memphis and Shelby County as early as next week for an online fulfillment center that will create over 400 new jobs.

79. Chamber Plans City Clean-Up, Announces Grants -

If Greater Memphis Chamber officials get their wish, Memphis will be the nation’s cleanest city by 2019.

The chamber will spearhead a four-year effort to help clean up the litter and waste found in so many corners of the Bluff City, an ambitious new “moon mission” for the economic and community development organization.

80. Sources: Target to Seek Incentives for Memphis Project -

Target will seek incentives from Memphis and Shelby County as early as next week for an industrial project that could create up to 600 jobs, according to multiple sources.

The Minneapolis-based retail giant has explored sites in DeSoto County and Memphis for a distribution center and is in the process of finalizing a lease for the 900,000-square-foot building at 5461 Davidson Road in Southeast Memphis. In addition to the 600 jobs, Target is expected to make significant capital improvements to the property, which was formerly occupied by Hamilton Beach.

81. Graceland Plan Clears Main Local Hurdles -

Elvis Presley Enterprises attempted to secure private financing of its plan for a 450-room resort hotel and a remake of its plaza area, but those attempts failed, said Graceland’s bond counsel, because it is difficult for borrowers to get conventional financing for a hotel project.

82. Commission Approves Graceland Plan, Delays Fairgrounds TDZ -

Shelby County Commissioners approved the Graceland economic impact plan Monday, Dec. 8, the last local hurdle for a plan that includes the construction of a 450-room hotel and a later phase transforming the Graceland Plaza area across Elvis Presley Boulevard from the Graceland mansion.

83. Milhaus Acquires Highland Row Property -

44 S. Highland St.; 366, 374 and 380 Ellsworth St.
Memphis, TN 38111
Sale Amount: $4.3 million

84. Pickard Joins Explorations on Tentative 2015 Ballot -

The contingency plans and other political maneuvering for the city of Memphis elections are well underway.

And a key part of the calculation is making plans for a change in plans.

Architect and planner Charles “Chooch” Pickard is one of several citizens running “exploratory” campaigns at this point.

85. Shelby County Sees Drop in Unemployment Rate -

The unemployment rate in Shelby County dropped in October but remains above the state average.

The preliminary unemployment rate for Shelby County in October was 7.9 percent, down from 9.8 percent in October of 2013 and 8.3 percent in September, according to the state Department of Labor and Workforce Development.

86. Highland Row Developer Acquires 13 Acres -

Indianapolis-based developer Milhaus Ventures has acquired several vacant parcels for the long-awaited Highland Row project near the University of Memphis for $4.3 million.

Milhaus, operating as Highland Row LLC, acquired the properties at 443 S. Highland St. and 366, 374 and 380 Ellsworth St. from Worthington Hyde Partners, operating as Highland Row Land Partners LLC, according to a Nov. 26 warranty deed.

87. Fairgrounds Plan Could Be Tied to Schools -

Shelby County Commissioners are scheduled to vote Monday, Dec. 8, on a contract with city government that is critical to the city advancing its long-held plans for a renovation of the Mid-South Fairgrounds.

88. Basar: Fairgrounds Likely to Be Tied to Schools Funding -

Shelby County Commissioner Steve Basar says the commission likely will consider linking an endorsement of the city’s plans for Mid-South Fairgrounds renovation to school funding when it takes up the measure at the Monday, Dec. 8, commission meeting.

89. Graceland Plan Highlights Blurred Lines in Financing -

There are private funds and public funds. And when a private project has the potential to up the tax revenue taken in by local and state governments, that money enters a middle ground between the two.

90. Council Embraces New Pension 'Concept' -

Memphis City Council members are still weighing their options on pension plan changes after another alternative emerged Tuesday, Dec. 2, and the “concept” got eight votes on the council.

91. Shelby County Sees Drop in Unemployment Rate -

The unemployment rate in Shelby County dropped in October but remains above the state average.

The preliminary unemployment rate for Shelby County in October was 7.9 percent, down from 9.8 percent in October of 2013 and 8.3 percent in September, according to the state Department of Labor and Workforce Development.

92. Highland Row Developer Acquires 13 Acres -

Indianapolis-based developer Milhaus Ventures has acquired several vacant parcels for the long-awaited Highland Row project near the University of Memphis for $4.3 million.

Milhaus, operating as Highland Row LLC, acquired the properties at 443 S. Highland St. and 366, 374 and 380 Ellsworth St. from Worthington Hyde Partners, operating as Highland Row Land Partners LLC, according to a Nov. 26 warranty deed.

93. TIF Incentives Could Become More Common in Memphis -

Used widely in other Tennessee cities, Tax Increment Financing has been a popular way to spur development.

Memphis officials are seeking approval for just the third TIF district in the city for the redevelopment of the Graceland area but could increasingly rely on the incentive.

94. City Council Could Close Pension Debate -

At their next-to-last meeting of the year Tuesday, Dec. 2, Memphis City Council members could put to rest the dominant issue they have faced in 2014 – changing the unsustainable trajectory and liability of city employee benefits.

95. Highland Row Developer Acquires 13 Acres -

Indianapolis-based developer Milhaus Ventures has acquired several vacant parcels for the long-awaited Highland Row project near the University of Memphis for $4.3 million.

Milhaus, operating as Highland Row LLC, acquired the properties at 443 S. Highland St. and 366, 374 and 380 Ellsworth St. from Worthington Hyde Partners, operating as Highland Row Land Partners LLC, according to a Nov. 26 warranty deed.

96. Shelby County Unemployment Rate Drops -

The unemployment rate in Shelby County dropped in October but remains above the state average.

The preliminary unemployment rate for Shelby County in October was 7.9 percent, down from 9.8 percent in October of 2013 and 8.3 percent in September, according to the state Department of Labor and Workforce Development.

97. Shelby County Unemployment Rate Drops -

The unemployment rate in Shelby County dropped in October but remains above the state average.

The preliminary unemployment rate for Shelby County in October was 7.9 percent, down from 9.8 percent in October of 2013 and 8.3 percent in September, according to the state Department of Labor and Workforce Development.

98. EDGE Approves Graceland Taxing District -

A special taxing district to help pay for a massive redevelopment of the sprawling Graceland campus is one step closer to reality.

The board of the city-county Economic Development Growth Engine approved Tuesday, Nov. 25, the creation of a Tax Increment Financing, or TIF, district around Graceland, one of the city's most visited attractions and powerful economic engines.

99. EDGE Approves Creation of Graceland TIF District -

A special taxing district to help pay for a massive redevelopment of Graceland came one step closer to reality Tuesday.

The board of the city-county Economic Development Growth Engine approved the creation of a Tax Increment Financing, or TIF, district around Graceland Tuesday, Nov. 25.

100. New Alliance Focuses on Workforce Development -

Memphis and Shelby County are prioritizing workforce development and creating a pipeline that will deliver trained employees to local companies.

The goal is to align educational offerings with the current and future needs of employers.