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Editorial Results (free)

1. 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.

2. 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.

3. Exeter Property Group Acquires Industrial Portfolio -

Exeter Property Group has acquired a 4.4 million-square-foot industrial portfolio – including four properties in Memphis – for $132 million.

Exeter recently acquired the properties located in Memphis, Nashville and Columbus, Ohio, from LNR Property LLC, a special servicer appointed to the portfolio upon its transfer from London-based Strategic Realty Advisors Ltd. in June 2013.

4. Detractors Call Ballpark Deal Part of Larger ‘Quagmire’ -

Memphis City Council member Wanda Halbert calls it a “serious quagmire.”

And City Hall probably isn’t out of it with last week’s council approval of the AutoZone Park deal.

“Over the last two years, the mayor has come to the council … and said we are financially strapped,” Halbert said on the WKNO-TV program “Behind The Headlines.” “We’ve got to reduce service, raise taxes. The people are saying how are we consistently finding money to do some of these other projects. But we can’t pave streets like we need to.”

5. 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.

6. 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.

7. Ballpark Deal Back Before City Council -

Memphis City Council members are scheduled to pick up Tuesday, Jan. 7, where they left off last month in considering a proposal in which the city of Memphis would buy AutoZone Park and contribute toward improvements to the ballpark.

8. Wharton Requests Council Delay Ballpark Vote -

The deal for the city to buy AutoZone Park that had to be done by the end of December can wait until after the new year begins.

The call Wednesday, Dec. 11, by Memphis Mayor A C Wharton Jr. for the Memphis City Council to delay any decision until its Jan. 7 meeting is also a bid by Wharton to heal wounds from Monday’s revolt by the council.

9. Wharton Seeks Delay in Ballpark Deal Council Vote -

Memphis Mayor A C Wharton Jr. is now pushing final votes on any ballpark deal into the new year.

The first indication of the shift in position came Wednesday, Dec. 11, afternoon when Wharton requested the Shelby County Commission pull a resolution from their committee sessions that would have approved signing over the county’s interest in the land that AutoZone Park is built on.

10. Council Changes Ballpark Terms, Delays Approval -

Memphis City Council members received some more answers Monday, Dec. 9, to their questions about the proposal for the city to buy AutoZone Park. But some of those answers were different than the ones they got to the same questions last week.

11. Council Changes Ballpark Terms, Delays Approval Again -

Memphis City Council members changed the terms Monday, Dec. 9, of the proposed deal in which the city would buy AutoZone Park and the St. Louis Cardinals would buy the Memphis Redbirds franchise. And then the council delayed a vote on the amended terms until its last council meeting of 2014 on Dec. 17.

12. 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.

13. 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.

14. 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.

15. Council Approves Crosstown Funding, Delays Redbirds Decision -

Memphis City Council members approved $15 million in city funding that is a combination of federal grants, bonds and stormwater funding Tuesday, Dec. 3, as the last piece of financing for the Crosstown revitalization project.

16. 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.

17. Team Players -

The key players, from Memphis Mayor A C Wharton Jr. to St. Louis Cardinals chairman and CEO Bill DeWitt Jr., grabbed the microphone at an invitation-only rally held on the club level of AutoZone Park and made their best pitches.

18. 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.

19. 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.

20. In Need of Relief -

Perhaps it is only too appropriate that baseball is played without a clock. For securing the future of the Memphis Redbirds may require extra innings, not to mention extra effort.

The ballpark was on the leading edge of revitalizing Downtown when it opened in 2000 at Third and Union. This, of course, was “B.G.” in Memphis – Before the Grizzlies. Also, before FedExForum. The city was ready for something big and bold – something that showed Memphis could overachieve, not underachieve.

21. Cardinals Weigh Buying Redbirds -

The St. Louis Cardinals are showing renewed interest in purchasing the Memphis Redbirds, but any deal that would transfer ownership of the team and AutoZone Park from the nonprofit Redbirds Foundation almost certainly would require “city involvement,” foundation president Ray Pohlman said Thursday, April 4.

22. Redbirds Reconnection -

One of baseball’s enduring maxims is that anytime you go to a game you’ve got a chance to see something you’ve never seen before.

Apparently, this now applies off the field too, because a few weeks ago a group that included Magic Johnson as the front man paid $2.15 billion to buy the Los Angeles Dodgers from financially troubled owner Frank McCourt.

23. Turbo-Traders Take Bank of America for a Ride -

NEW YORK (AP) – On a normal day, 4 billion shares of stock change hands on the New York Stock Exchange. One in 10 belongs to a single company. It's not McDonald's or IBM, both of which have been on a tear.

24. Local Companies Working to Navigate Economic Straits -

The financial services business seems like a tough one to be in these days.

Investors have for the last few weeks treated bank stocks like the piñata of Wall Street. Bankers, attorneys and investment professionals have boiled a massive government overhaul of the country’s financial regulations down to clipped phrases like “finreg” and “Dodd-Frank” that they speak of often with a grumble or a shaking of the head.

25. Batter Up -

Opening Day is right around the corner for the Memphis Redbirds, who will open the 2011 campaign with improvements to both its ballpark and its financial outlook.

The Redbirds, the minor league Triple-A affiliate of the St. Louis Cardinals, on Thursday begin their 14th season in Memphis and 12th at AutoZone Park following the move from Tim McCarver Stadium in 2000.

26. Credit Crunch Makes Cities' Borrowing More Costly -

WASHINGTON (AP) – The fear of lending that has gripped Wall Street is making it more expensive – or impossible – for state and local governments to borrow money needed for schools, road improvements and other projects.

27. Parkway Picks Commercial Alliance -

Memphis-based Commercial Alliance Management LLC has been tapped to handle all new leases for a Downtown office portfolio that includes the Morgan Keegan Tower, Falls Building and Toyota Center.

Those buildings are owned by Jackson, Miss.-based Parkway Properties Inc., a real estate investment trust (REIT) that had contracted last fall with Trammell Crow Co. to lease the properties.

28. Archived Article: Inv Analys - 11/23 Inv analys Some Questions and Answers About Year-End Stock Swapping By CHRISTOPHER A. WILTSE Special to The Daily News As year end approaches, investors begin to review their stock portfolios performance and start to think about taxes. General...