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Editorial Results (free)

1. Debt, Pension Overhang Top City Council Priorities -

UPDATE: Council committee sessions are beginning late Tuesday – at 10:30 a.m. – because of weather-related road conditions, and committees will have a condensed schedule, according to council staff.

2. Memphis Begins Eminent Domain Process on Raleigh Springs -

Memphis Mayor A C Wharton Jr. told the Memphis Rotary Club Tuesday, Feb. 10, that the city has initiated eminent domain legal proceedings on the Raleigh Springs Mall to possibly demolish parts of it.

3. Developer Says Now is Time for One Beale -

A favorable lending environment and strong demand for Downtown apartments, hotel rooms and meeting space are providing a window for developers to move forward with a skyline-altering hotel and apartment development overlooking the Mississippi River at the foot of Beale Street, a member of the development team told Downtown officials Tuesday.

4. Events -

The Center City Revenue Finance Corp. will meet Tuesday, Feb. 10, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

5. Fogelman Company Launching Retail Center in East Memphis -

6544 Poplar Ave.
Memphis, TN 38118

Permit Amount: $3.2 million

Permit Application Date: February, 2015

6. $2.2M Permit Filed for Downtown Reuse Project -

An adaptive reuse project Downtown is moving forward.

Cendown Ltd. LP, which is redeveloping 85, 87 and 91 S. Second St. into 16 apartments and ground-floor restaurant space, has applied for a $2.2 million building permit for interior renovation work at 85 S. Second.

7. Skyline-Changing Tower Project Planned for Beale -

The resurrected One Beale project at Riverside Drive and Beale Street has returned to a two-tower plan that will include 280 apartments, 40,000 square feet of retail and meeting space, 20,000 square feet of office space and a 300-room hotel.

8. $2.2 Million Permit Filed for Downtown Reuse Project -

An adaptive reuse project Downtown is moving forward.

Cendown Ltd. LP, which is redeveloping 85, 87 and 91 S. Second St. into 16 apartments and ground-floor restaurant space, has applied for a $2.2 million building permit for interior renovation work at 85 S. Second.

9. Taxing Question -

With gas prices in a historic plunge, the idea of hiking state and federal gas taxes and fees to pay for transportation infrastructure improvements is gaining traction.

Democratic and Republican leaders in both chambers of Congress in recent weeks have signaled a willingness to approve an increase in the federal gas tax to help fund improvements to the nation’s crumbling roads and bridges. Meanwhile, a new statewide coalition has launched to support an increase and reform in Tennessee’s transportation fees.

10. 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.

11. Raymond James Tower Fetches $20 Million -

How much is a 21-story skyscraper overlooking the Mississippi River worth? About $1 million a floor.

New York-based investor Jacob Sofer will pay Parkway Properties around $20 million for the Raymond James Tower at 50 N. Front St. Downtown, according to several people with knowledge of the transaction. The Shelby County Assessor of Property’s 2014 appraisal for the 340,000-square-foot building is $24 million.

12. 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.

13. Morris: Public Transit Tops Downtown Goals -

A stronger and more vital public transportation presence in Downtown and a plan for development of land south of Central Station are two priorities of the Downtown Memphis Commission for the coming year.

14. Brewery Developer Calls for ‘Leap of Faith’ -

Crews could begin transforming the long-vacant Tennessee Brewery property Downtown later this year and the first residents could move in during the fall of 2016, a veteran developer told a Downtown development board Tuesday, Jan. 13.

15. New York Investor to Buy Raymond James Tower -

A New York-based investor is under contract to purchase the Raymond James tower on Front Street Downtown, one of the most recognizable office buildings in the city.

16. Events -

The Center City Revenue Finance Corp. will meet Tuesday, Jan. 13, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

17. Events -

The Center City Revenue Finance Corp. will meet Tuesday, Jan. 13, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

18. 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.

19. 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.

20. 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.

21. Elvis Presley Enterprises Applies for Hotel Building Permit -

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

22. 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.

23. 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.

24. City Council to Consider Police Funding -

Memphis City Council members will consider Tuesday, Nov. 18, taking $1 million from city reserves to fully fund an additional Memphis police recruit class in the current fiscal year.

The $1 million from reserves would go with $2 million the council approved at the start of the fiscal year for a new recruit class.

25. Events -

The Center City Revenue Finance Corp. will meet Tuesday, Nov. 11, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

26. CCRFC Considers Bonds for Crosstown Conservation -

The Sears Crosstown redevelopment project could get an infusion of funds for energy conservation efforts.

The Center City Revenue Finance Corp., the financial arm of the Downtown Memphis Commission, is considering issuing $14.5 million in Qualified Energy Conservation Bonds on Tuesday, Nov.. 11, and the $180 million Crosstown project could claim some of those funds.

27. CCRFC Considers Bonds for Crosstown Conservation -

The Sears Crosstown redevelopment project could get an infusion of funds for energy conservation efforts.

The Center City Revenue Finance Corp., the financial arm of the Downtown Memphis Commission, is considering issuing $14.5 million in Qualified Energy Conservation Bonds on Tuesday, Nov.. 11, and the $180 million Crosstown project could claim some of those funds.

28. CCRFC Considers Conservation Bonds for Crosstown -

The Sears Crosstown redevelopment project could get an infusion of funds for energy conservation efforts.

The Center City Revenue Finance Corp., the financial arm of the Downtown Memphis Commission, is considering issuing $14.5 million in Qualified Energy Conservation Bonds for the $180 million Crosstown project for energy conservation efforts.

29. Events -

West Tennessee Home Builders Association presents the 2014 VESTA Home Show daily except Mondays through Oct. 26 at Shaw’s Creek Reserve, on Raleigh Lagrange Road east of Tenn. 196 in Piperton. Hours are 10 a.m. to 7 p.m. Tuesdays through Saturdays and 1 p.m. to 7 p.m. Sundays. Tickets are $12 for adults, $10 for seniors and $5 for youths 7 to 14. Visit vestashow.com.

30. TGI Fridays Franchisee Buys 3 Local Restaurants -

A New Orleans-based restaurant group has acquired three local TGI Fridays restaurants.

Southeast Restaurant Group bought the restaurants at 8325 U.S. 64, 7733 Winchester Road and 176 Goodman Road in Southaven, part of a broader 20-restaurant deal.

31. Events -

Rhodes College will host its annual Constitution Day lecture Monday, Sept. 8, at 5 p.m. in Blount Auditorium of Buckman Hall on campus, 2000 North Parkway. Dr. Melvin I. Urofsky, an expert on the U.S. Supreme Court, will explore great dissents and dissenters in the history of the court. Cost is free. Visit rhodes.edu.

32. Events -

The Center City Revenue Finance Corp. will meet Tuesday, Aug. 12, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

33. Events -

The Center City Revenue Finance Corp. will meet Tuesday, Aug. 12, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

34. Graceland Campus Financing Relies on Tight Boundaries -

When Elvis Presley Enterprises breaks ground next week on the $75 million, 450-room hotel-resort it will build north of Graceland mansion, it will be the beginning of crossing something off the company’s wish list since Elvis Presley’s mansion opened for tours in the early 1980s.

35. Problem Property -

The city of Memphis and the Downtown Memphis Commission suffered a stinging setback this week in their quest to rid a key section of Main Street of a deteriorating eyesore, one that has survived multiple attempts to be sold and defied repeated orders to clean up.

36. Graceland Area Could Have Its Own Industrial Development Board -

A proposed Graceland Tourism Development Zone would have its own industrial development board under a proposal the administration of Memphis Mayor A C Wharton Jr. will take Tuesday, Aug. 5, to the Memphis City Council for discussion.

37. Graceland Industrial Development Board Proposed -

A proposed Graceland Tourism Development Zone would have its own Industrial Development Board under a proposal the administration of Memphis Mayor A C Wharton Jr. will take Tuesday, Aug. 5, to the Memphis City Council for discussion.

38. County Budget Season Not Over Yet -

The Shelby County Commission defeated two competing versions of the county property tax rate for the new fiscal year on the second of three readings Monday, June 16.

But they both advance to third and final readings when the commission meets in July.

39. Nashville Mayor Maps Issues Similar to Memphis -

The Nashville mayor who was once Davidson County's public defender says schools in his city aren’t meeting his test for success in public education.

He is concerned with attracting talent to the city and touts diversity as a key component of that. And his city has a critical need for a “more robust” mass transit system, he said last week.

40. Events -

Methodist South Hospital will host a stroke support group meeting for survivors and caregivers Monday, June 9, at 5:30 p.m. in the outpatient rehabilitation center, 1251 Wesley Drive, suite 141. Dr. Hafiz Elahi will present “Stroke From the Neurologist’s Perspective.” Email patricia.morgan@mlh.org or rushali.naik@mlh.org.

41. Open House -

The historic James Lee house in Victorian Village is days away from a grand opening celebration, the culmination of a restoration several years in the making that has turned the property once home to the Memphis College of Art into a bed-and-breakfast inn.

42. Events -

SRVS will host the Wesberry Golf Classic Monday, April 7, at Spring Creek Ranch, 140 Chinquapin Drive. The four-person scramble includes lunch, contests, awards and more. Registration is at 11 a.m., lunch at noon, and shotgun start at 1 p.m. Visit srvs.org or call 312-6853.

43. Redbirds, AutoZone Park Sales Finalized -

The city of Memphis, the St. Louis Cardinals and the Memphis Redbirds Baseball Foundation have completed the ownership transactions of the Redbirds and AutoZone Park.

Per the agreement, the Cardinals have acquired the Redbirds (their Triple-A farm club), while the city of Memphis has acquired AutoZone Park. The city will lease the ballpark to the Redbirds through a long-term agreement. Included is a substantial, multiseason capital investment in the ballpark.

44. Council Unhappy With Budget Plans So Far -

The administration of Memphis Mayor A C Wharton Jr. got a rough reception at the Tuesday, April 1, Memphis City Council session as it set the stage for Wharton’s budget proposal to come in two weeks.

45. Redbirds, AutoZone Park Sales Finalized -

The city of Memphis, the St. Louis Cardinals and the Memphis Redbirds Baseball Foundation have completed the ownership transactions of the Redbirds and AutoZone Park.

Per the agreement, the Cardinals have acquired the Redbirds (their Triple-A farm club), while the city of Memphis has acquired AutoZone Park. The city will lease the ballpark to the Redbirds through a long-term agreement. Included is a substantial, multiseason capital investment in the ballpark.

46. Georgian Woods Apartments Sell for $3.9 Million -

118 St. Agnes Drive
Memphis, TN 38112

Sale Amount: $3.9 million

Sale Date: March 14, 2014

Buyer: Georgian Woods Property Owner LLC

47. Greenbrier Files Loan on Cabinet Shop Lofts -

The owner of the recently completed Cabinet Shop lofts at 436 S. Front St. has filed a $2.9 million loan on the property.

48. PILOT Reform -

Nike is in the midst of a $301 million expansion of its Northridge plant in Frayser, a project that means the Beaverton, Ore.-based company will create 250 new jobs and retain 1,600 existing local jobs.

49. Competing Bidders Emerge for Ashlar Hall -

Two people that had once considered teaming up to acquire and renovate crumbling Ashlar Hall are going their separate ways.

Joe Thordarson, founder of the Memphis Comic and Fantasy Convention, and Ty Cobb, founder of the nonprofit Have a Standard Foundation, said this week that they are now pursuing separate plans to gain control of the Midtown mansion.

50. Commission Approves Ballpark Deal -

The deal for the city of Memphis to buy AutoZone Park and the St. Louis Cardinals to buy the Memphis Redbirds franchise is on its way to a mid-February closing.

Shelby County Commission approval of the county’s part of the deal Monday, Jan. 27, came with a lot of reluctance and some of the same complaints Memphis City Council members had last month – primarily that they were being rushed.

51. Wharton Faces Challenges in State of the City -

Memphis Mayor A C Wharton Jr. may face the most challenging year of his tenure as he delivers his State of the City address Wednesday, Jan. 29.

The speech will be delivered at 10 a.m. at the University of Memphis Cecil C. Humphreys School of Law.

52. Commission Approves Other Part of Ballpark Deal -

Shelby County Commissioners reluctantly approved county government’s part of the AutoZone Park deal Monday, Jan. 27, despite delaying a vote on it at committee sessions last week.

The item was added onto the commission’s agenda by chairman James Harvey who said he could because it was “time sensitive.”

53. Events -

The Center City Revenue Finance Corp. board will meet Tuesday, Jan. 14, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

54. Events -

The Tennessee Arts Commission will hold a strategic planning public meeting and panel discussion Monday, Jan. 13, from 1 p.m. to 3 p.m. at the Stax Museum for American Soul Music, 926 E. McLemore Ave. The panel will discuss how the arts can impact economic development and educational success in Tennessee communities. Visit tn.com/arts for more information.

55. Council Approves Ballpark Deal, Changes Coming -

When AutoZone Park opens for another season of Redbirds baseball, you probably won’t notice anything different about the ballpark itself, though it will be owned by the city and the Redbirds will be owned by the St. Louis Cardinals.

56. Council Approves Ballpark Deal -

Memphis City Council members approved the city’s $19.5 million purchase of AutoZone Park Tuesday, Jan. 7, and another $4.5 million in improvements to the baseball park.

The deal includes the St. Louis Cardinals buying the Memphis Redbirds franchise and entering into a 17-year lease with the city of Memphis at $300,000 a year.

57. 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.

58. Moody's Gives Ballpark Bond "Aa3" Rating "Negative" Outlook -

On the eve of a critical vote by the Memphis City Council, a report from Moody’s Investors Service gives a “negative” outlook to its Aa3 rating of $23.6 million in revenue bonds the city plans to use to finance the purchase of AutoZone Park and improvements to it.

59. Ballpark Deal Back on Council’s Agenda -

After getting a rough reception last week, the deal for the city of Memphis to buy AutoZone Park and the St. Louis Cardinals to buy the Memphis Redbirds baseball team returns to the Memphis City Council Monday, Dec. 9, for a vote.

60. AutoZone Park Terms Move Into Focus -

The St. Louis Cardinals would pay the city of Memphis $300,000 a year for 17 years to use AutoZone Park, and the major league franchise’s front office would operate AutoZone Park for the city through a limited liability corporation owned by the St. Louis Cardinals during that time.

61. Events -

The Center City Revenue Finance Corp. board will meet Wednesday, Dec. 4, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

62. Sources: AutoZone Park Price ‘South of $24 Million’ -

The price tag for the city of Memphis to acquire AutoZone Park would be “south of $24 million,” according to two sources familiar with the negotiations.

The city’s acquisition of AutoZone Park, which opened in 2000 and helped invigorate the resurgence of Downtown Memphis, will be on the City Council’s Dec. 3 agenda.

63. Events -

Tennessee Shakespeare Co. will present “It’s a Wonderful Life: A Life Radio Play” Wednesday, Nov. 20, through Dec. 8 in the Dixon Gallery and Gardens Winegardner Auditorium, 4339 Park Ave. Visit tnshakespeare.org.

64. Events -

Memphis Rotary Club will host a debate between Shea Flinn and Kenneth Whalum Jr. Tuesday, Nov. 19, at noon at the University Club of Memphis, 1346 Central Ave. The topic is “Memphis Sales Tax Increase: Yea or Nay?” Cost for nonmembers is $18. RSVP to Taylor Hughes at taylor@memphisrotary.org.

65. Elkington, Harris Talk of Beale Street Nonprofit -

The next manager and developer of the Beale Street entertainment district should be a nonprofit entity similar to the Downtown Memphis Commission that focuses on improving the district and planning for its expansion, according to longtime Beale Street developer John Elkington and Memphis City Council member Lee Harris.

66. Cardinals Have Tentative Deal to Buy Redbirds -

The St. Louis Cardinals baseball organization has a tentative deal with the Memphis Redbirds Baseball Foundation and the city of Memphis in which the Major League Baseball organization would buy the Memphis Redbirds team and city would buy AutoZone Park.

67. Cardinals Announce AutoZone Deal Before Council Vote -

The St. Louis Cardinals baseball organization has a tentative deal with the Memphis Redbirds Baseball Foundation and the city of Memphis in which the Major League Baseball organization would buy the Memphis Redbirds team and city would buy AutoZone Park.

68. Olymbec Acquires 13-Building Bellbrook -

Olymbec USA LLC has snatched up two more key Memphis properties, including the 1.8 million-square-foot Bellbrook industrial park.

69. Crosstown Project Goes to Design Review Board -

The $180 million redevelopment of the Sears Crosstown building goes to the Downtown Memphis Commission Design Review Board Wednesday, Nov. 6.

The review board will vote on design elements of the project as proposed by Crosstown LLC. A staff report recommends approval of the changes the group plans for the 14-story building and its detached parking garage.

70. Crosstown Project Goes to Design Review Board -

The $180 million redevelopment of the Sears Crosstown building goes to the Downtown Memphis Commission Design Review Board Wednesday, Nov. 6.

The review board will vote on design elements of the project as proposed by Crosstown LLC. A staff report recommends approval of the changes the group plans for the 14-story building and its detached parking garage.

71. County Leaders Blast Fairgrounds Tourism Development Zone Financing Plan -

Shelby County government leaders say a city plan to use incremental sales tax revenue within a tourism development zone to revitalize the Fairgrounds will take the share of that revenue that goes to Shelby County Schools.

72. Crosstown Wins 20-Year Tax Break -

The $180 million project to revitalize the Sears Crosstown building won a 20-year payment-in-lieu-of-taxes (PILOT) agreement Thursday, Oct. 10, from the Center City Revenue Finance Corp.

73. Crosstown Funding at Crossroads -

The $180 million plan to bring the former Sears Crosstown building back to life with a mix of residential, commercial and retail tenants faces a critical hurdle Thursday, Oct. 10, as the Center City Revenue Finance Corp. considers a 15- or 20-year payment-in-lieu-of-taxes (PILOT) agreement for the project.

74. Events -

Dixon Gallery and Gardens will host a Munch and Learn lecture titled “Voices of Yellow Fever” Wednesday, Oct. 9, from noon to 1 p.m. at Dixon, 4339 Park Ave. Cost is free with regular admission. Visit dixon.org.

75. Archived Article -

Dixon Gallery and Gardens will host a Munch and Learn lecture titled “Voices of Yellow Fever” Wednesday, Oct. 9, from noon to 1 p.m. at Dixon, 4339 Park Ave. Cost is free with regular admission. Visit dixon.org.

76. Events -

The National Association of Women Business Owners, Memphis chapter will meet Tuesday, Oct. 8, at 11:30 a.m. at Chickasaw Country Club, 3395 Galloway Ave. Shawn Karol Sandy, chief revenue officer for The Selling Agency, will discuss flawed growth strategies and how to build an actionable sales strategy. Tickets in advance are $25 for members and $30 for nonmembers; tickets at the door are $35. Visit nawbomemphis.org.

77. Crosstown Developers Seek 20-Year PILOT -

Developers of the old Sears Crosstown building will seek a 20-year, $41.8 million tax break on the $180 million project from the Center City Revenue Finance Corp. on Thursday, Oct. 10.

78. Events -

The National Association of Women Business Owners, Memphis chapter will meet Tuesday, Oct. 8, at 11:30 a.m. at Chickasaw Country Club, 3395 Galloway Ave. Shawn Karol Sandy, chief revenue officer for The Selling Agency, will discuss flawed growth strategies and how to build an actionable sales strategy. Tickets in advance are $25 for members and $30 for nonmembers; tickets at the door are $35. Visit nawbomemphis.org.

79. Crosstown Developers Seek 20-Year PILOT -

Developers of the former Sears Crosstown building will seek a 20-year, $41.8 million tax break on the $180 million project from the Center City Revenue Finance Corp. on Thursday, Oct. 10.

80. Tax Zone Would Fund Fairgrounds Remake -

A 3-square-mile Tourism Development Zone would finance a $233 million renovation of the Mid-South Fairgrounds sought by the administration of Memphis Mayor A C Wharton Jr.

The city sent its 88-page application Sept. 13 to Tennessee Finance Commissioner Larry B. Martin. The application seeks state permission to use incremental sales tax revenue estimated at close to $12 million a year starting in 2016 to pay off the bonds to finance a project whose price tag is just below the $250 million FedExForum.

81. Events -

The Center City Revenue Finance Corp. board will meet Tuesday, Sept. 10, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

82. Events -

Stax Museum of American Soul Music will screen the U.S. premiere of BBC documentary “Otis Redding: Soul Ambassador” Monday, Sept. 9, at 6 p.m. and 7:15 p.m. at the museum, 926 E. McLemore Ave. Doors open at 5:45 p.m. Cost is free. Visit staxmuseum.com.

83. Events -

In-Synk and The Daily News will host a Leadership Lunch & Learn book review and discussion on Sheryl Sandberg’s “Lean In: Women, Work and the Will to Lead” Friday, Sept. 6, from 11:45 a.m. to 1 p.m. in the Triumph Bank board room, 5699 Poplar Ave. Cost is $20. Visit seminars.memphisdailynews.com.

84. Influence1 Files $2.6 Million Loan for Former Bishop Byrne -

1475 E. Shelby Drive
Memphis, TN 38116
Loan Amount: $2.6 million

Loan Date: Aug. 23, 2013
Maturity Date: Aug. 23, 2024
Borrower: The Influence1 Foundation
Lender: Regions Bank
Details: The Influence1 Foundation, the Memphis-based organization that bought the former Bishop Byrne High School in June, has filed a $2.6 million loan on the property, at 1475 E. Shelby Drive in Whitehaven.

85. South Junction Files $14.8 Million Loan -

Just a few days after its permits were filed, the development group building the 197-unit South Junction apartments Downtown has taken out a $14.8 million construction loan for the project.

South Junction Partners – through a payment-in-lieu-of-taxes (PILOT) program via the Memphis Center City Revenue Finance Corp. – filed the deed of trust Aug. 27 with SunTrust Bank.

86. Henry Turley Co. Files Permits for South Junction -

727 E. Mann Circle; 726. E. Mann Circle; 725 W. Mann Circle; 35 W. Georgia Ave.; 649 Florida St.; 18 W. Carolina Ave.; 9 E. Carolina Ave.
Memphis, TN 38103
Permit Costs: $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.4 million

87. Henry Turley Co. Files Permits for South Junction -

A development group led by Henry Turley Co. has filed a series of building permits totaling $10.4 million for the 197-unit South Junction apartments Downtown.

88. City Council Approves Civil Service Referendum -

The Memphis City Council approved Tuesday, Aug. 20, a 2014 city referendum on a charter change that would change the city’s civil service board system.

Part of the proposal by council member Kemp Conrad is aimed at better staffing the review board, which decides employee appeals, to hear a current backlog of cases and resolve them more quickly. Under another change in the proposal, employees could be cited for – and appeal – performance issues, in addition to violations of policies.

89. City Council Approves Civil Service Referendum -

The Memphis City Council approved Tuesday, Aug. 20, a 2014 city referendum on a charter change that would change the city’s civil service board system.

Part of the proposal by council member Kemp Conrad is aimed at better staffing the review board, which decides employee appeals, to hear a current backlog of cases and resolve them more quickly. Under another change in the proposal, employees could be cited for – and appeal – performance issues, in addition to violations of policies.

90. Council Approves Smart Meters, Delays Vote on Solid Waste Fee and Plan -

Memphis City Council members approved a $10.1 million contract Tuesday, Aug. 20, for Memphis Light Gas and Water Division to buy 60,000 Smart Meters.

And the council delayed a final vote on setting a solid waste fee that is the starting point for changes over several years to the way the city collects garbage. The two-week delay in setting the fee also delays acting on a plan to provide sanitation workers with a retirement supplement of up to $1,000 a month funded with the savings from the changes in the services.

91. Events -

The Center City Revenue Finance Corp. will meet Tuesday, Aug. 13, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

92. Events -

Graceland will present “Salute to Memphis Music,” an Elvis Week concert featuring Memphis Jones and Brad Birkedahl, Monday, Aug. 12, at 7 p.m. on the Elvis Week main stage at Graceland, 3717 Elvis Presley Blvd. Tickets are $20. Visit elvis.com/elvisweek for more information.

93. Issues of County Budget Season Remain -

The Shelby County property tax rate of $4.38 is ready for the tax bills that are to go out starting later this month.

But with the county budget season now over, some of the major themes of the Shelby County Commission’s debate over taxes are likely to remain in play.

94. Events -

The Memphis Chapter International Association of Administrative Professionals will meet Monday, July 8, at 6 p.m. at Memphis Marriott East, 5795 Poplar Ave. Monica Everrett, human resources training coordinator at The University of Tennessee Health Science Center, will present “Dressing Smart.” Cost is $22. R.S.V.P. to nicole.huss@ipaper.com or 419-4818.

95. Events -

The Daily News’ offices will be closed Thursday, July 4, in observance of Independence Day. Offices will reopen Friday, July 5, at 8:30 a.m. and remain open during normal business hours.

96. Wharton Calls for 'Revenue Director' -

Memphis Mayor A C Wharton Jr. wants to hire a city “revenue officer” as a next step in efforts to change financial practices at City Hall.

Wharton also set a schedule of monthly goals through the end of 2013 to discuss with the council such major financial issues as pension plan obligations and employee benefits.

97. James Lee House Owner Files Construction Loan -

690 Adams Ave.
Memphis, TN 38105
Loan Amount: $1 million

Loan Date: June 4, 2013

Maturity Date: June 4, 2019

98. City Council Again Tackles Budget, Tax Rate -

Some Memphis City Council members say they are prepared for a long day Tuesday, June 18, at City Hall as they continue down the arduous path to a tax rate and budget for the coming fiscal year.

“Let’s just be ready to spend the night,” said council member Harold Collins last week. He commented as council-mediated discussions between the administration of Memphis Mayor A C Wharton Jr. and municipal union leaders on possible cuts in employee benefits got nowhere quickly and ended after less than an hour.

99. James Lee House Owner Files Construction Loan -

The new ownership group of the historic James Lee House at 690 Adams Ave. in Victorian Village has filed a $1 million construction loan for renovations of the property.

100. Events -

The University of Memphis Center for Entrepreneurship and Innovation will host a business boot camp information meeting for active and retired military personnel Monday, June 10, at 5 p.m. at the Family & Support Service Center on the Naval Support Activity Mid-South base, 5722 Integrity Drive. The boot camp kicks off with skills-building classes Saturday, June 22, at The University of Memphis. For details, email kcnklnpn@memphis.edu or call 678-5266.