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Editorial Results (free)

1. This week in Memphis history: August 28-September 3 -

1985: On the front page of The Daily News, developers of the Riverset Apartments on Mud Island’s northern end are going to the Center City Revenue Finance Corp. for $105 million in tax-free revenue bond financing. The 1,500-unit complex is also to feature a marina.

2. Fairgrounds’ Future -

It’s hard to imagine that a 65,000-seat stadium could be overlooked. Perhaps it’s because the Liberty Bowl wasn’t in the center of the Mid-South Fairgrounds when the stadium was built in 1965; it was on the eastern side of 155 acres of city-owned land, with a rail spur running along its eastern boundary.

3. Proposal Prompts Closer Look at Tax Breaks -

In recent years, the tax incentives used to bring economic development and jobs to Memphis have been a lightning rod.

The debate’s volume grew as it became apparent that Memphis was emerging from the national recession at a slower pace than other major cities as well as some parts of rural west Tennessee and north Mississippi.

4. Events -

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

5. Council to Vote on One Beale, Redistricting and CLERB -

Memphis City Council members vote Tuesday, Aug. 4, on the $160 million One Beale planned development at Beale Street and Riverside Drive.

The council vote is the last major public sector hurdle for the project by the Carlisle Corp.

6. One Beale Nabs 20-Year Tax Freeze -

The developers behind One Beale have earned key pieces of the public-private partnership they say is necessary to pursue the twin tower project overlooking the Mississippi River.

Memphis-based Carlisle Corp. on Tuesday, July 14, received a 20-year payment-in-lieu-of-taxes incentive and a $10 million contribution toward a public parking garage from the Center City Revenue Finance Corp.

7. Events -

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

8. Events -

The Orpheum Theatre will present “Motown: The Musical” Tuesday, July 14, through July 19 at the theater, 203 S. Main St. Buy tickets at orpheum-memphis.com.

9. Carlisle Corp. Alters One Beale Plan -

Carlisle Corp. has revised plans for its ambitious, $160 million One Beale development at the foot of Beale Street in Downtown Memphis.

The south tower, which will include a four-star hotel, will now stand 18 stories tall, down from 22 stories as previously planned.

10. Yolanda Kight is Newest Judicial Commissioner -

Attorney Yolanda Kight is the newest Shelby County Judicial Commissioner.

The Shelby County Commission chose Kight Monday, June 21, on the 12th round of voting to fill the vacancy.

11. Memphis Mayoral Election Heating Up As Strickland, Wharton Take Turns -

Here come the yard signs.

The first indication that candidates in the Oct. 8 Memphis elections are taking their appeals to the public will begin sprouting on lawns across the city in the next week.

12. Yolanda Kight is Newest Judicial Commissioner -

Attorney Yolanda Kight is the newest Shelby County Judicial Commissioner.

The Shelby County Commission chose Kight Monday, June 21, on the 12th round of voting to fill the vacancy.

13. This week in Memphis history: June 19-25 -

1985: The Center City Revenue Finance Corp. takes the first step toward financing a residential development to be called South of Beale, bounded by Fourth and Third streets and Lt. George W. Lee and Linden avenues – the block where FedExForum is now.

14. Events -

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

15. Events -

FedEx St. Jude Classic golf tournament will be held Monday through Sunday, June 8-14, at TPC Southwind, 3325 Club at Southwind. The PGA Tour stop will feature tournament play, celebrity pro-am, and events throughout the week. Visit stjudeclassic.com for a schedule.

16. CP Memphis Assumes Lease of Crowne Plaza -

CP Memphis LLC, a Delaware limited liability company, signed an assignment and assumption of lease document May 18 taking ownership of the Downtown Crowne Plaza Hotel, at 300 N. Second St.

17. Council Approves Brewery Parking Garage Loan -

Memphis City Council members gave the green light Tuesday, May 19, to a $5.1 million loan for the Downtown Parking Authority to build a 339-space parking garage on Tennessee Street across from the Tennessee Brewery.

18. Council Approves Brewery Parking Garage Loan -

Memphis City Council members gave the green light Tuesday, May 19, to a $5.1 million loan for the Downtown Parking Authority to build a 339-space parking garage on Tennessee Street across from the Tennessee Brewery.

19. Crone Joins Council, City Buys State Office Building -

Attorney Alan Crone is the newest member of the Memphis City Council.

The former chairman of the Shelby County Republican Party who has worked in the nonprofit sector for the last decade was the choice of city council members Tuesday, May 19, to fill the vacancy.

20. Southbrook Tests Wharton Administration Shake-Up -

It didn’t take very long for the city of Memphis’ new chief administrative officer to make a tough call.

And when Jack Sammons came down on the side of pulling back city funding for Southbrook Mall, political allies and foes of Mayor A C Wharton Jr. watched to see if he would go along with the decision.

21. Southbrook Mall Funding Put On Hold By Wharton -

City funding for renovations at Whitehaven’s Southbrook Mall is off at least for now, Memphis Mayor A C Wharton Jr. said Thursday, May 14, signaling more time in limbo for the controversial project.

22. Developers: Tennessee Brewery Work is Tough Job -

The team behind the proposed redevelopment of the long-vacant Tennessee Brewery received a 20-year tax freeze and a long-term loan for a new parking garage to help usher the Downtown development along, but officials say much work remains before the $28.1 million project becomes a reality.

23. Events -

Luna Nova Music will present a preview concert for the ninth Belvedere Chamber Music Festival Monday, May 11, at 7:30 p.m. at the Beethoven Club, 263 S. McLean Ave. The concert will preview some of the works for the June 17-20 festival. Admission is free. Visit lunanova.org.

24. Conduit Job Cuts Follow Bass Pro Gain -

The news that Conduit Global would lay off nearly 600 of its 700 Memphis call center employees happened so quickly that Mayor A C Wharton Jr. was caught by surprise when the word came Wednesday, May 6.

25. Brewery Redevelopers Seek 20-Year Tax Freeze -

The team behind the effort to redevelop the historic but long-vacant Tennessee Brewery could receive a 20-year tax freeze to help make the project a reality.

Developers Billy Orgel, Adam Slovis and Jay Lindy are proposing a $28.1 million adaptive reuse of the existing 90-foot-tall brewery building overlooking the Mississippi River, a new residential building and a new parking garage.

26. Memphis Budget Proposal Includes More Street Paving, Health Insurance ‘Overhang’ -

Street paving is the centerpiece of Memphis Mayor A C Wharton Jr.’s capital improvements budget for the upcoming fiscal year.

Wharton is proposing a $656.5 million operating budget for the fiscal year that begins July 1. The administration is taking a $55 million capital improvements budget to the Memphis City Council that will include the most street paving the city has done since the federal stimulus fund of 2008, according to Wharton.

27. Major Changes -

Aside from Christmas bells for its annual red kettle campaign, The Salvation Army historically has had a “quiet presence” in Memphis, according to Ellen Westbook, director of community relations and development.

28. Bristol on Union, Crowne Plaza Poised For Sales -

Two key pieces of commercial real estate – one Downtown and one in the Memphis Medical District – are poised to trade hands.

A joint venture between New York-based DRA Advisors LLC and Memphis-based Fogelman Properties LLC have entered into an agreement to acquire the 220-unit Bristol on Union apartment community at Union Avenue and Interstate 240 from Sentinel Real Estate Corp, which has owned and operated the property since 2006.

29. Heritage Trail Redevelopment Plan Resurfaces -

A long-delayed city plan to remake a large swath of Downtown’s southern end appears to be making a comeback.

Memphis Housing and Community Development director Robert Lipscomb said Tuesday that the city expects to receive good news on the Heritage Trail development plan sometime this year.

30. Bristol on Union, Crowne Plaza Memphis Poised for Sales -

Two key pieces of commercial real estate – one Downtown and one in the Memphis Medical District – are poised to trade hands.

A joint venture between New York-based DRA Advisors LLC and Memphis-based Fogelman Properties LLC have entered into an agreement to acquire the 220-unit Bristol on Union apartment community at Union Avenue and Interstate 240 from Sentinel Real Estate Corp, which has owned and operated the property since 2006.

31. Universal Life Building Developers Acquire Key Public Financing -

Developers of the Universal Life Building have received approval for two key pieces of financing and a commitment from the city of Memphis to lease about half of the building.

Self-Tucker Properties LLC won approval Tuesday, April 14, for a nine-year payment-in-lieu-of-taxes agreement from the Center City Revenue Finance Corp. to renovate the building for office use. Architects Jimmie Tucker and Juan Self, principals of Self-Tucker Architects, also gained approval for $2 million in Qualified Energy Conservation Bonds for the project.

32. Events -

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

33. County Commission Looks for Schools Budget -

Shelby County Commissioners have plenty of work to begin on the $1.18 billion budget proposal submitted to the body this week by Shelby County Mayor Mark Luttrell.

34. County Budget Proposal Includes $6 Million Dilemma -

Some of the numbers crucial to the bottom line of Shelby County’s budget for the upcoming fiscal year are still expected with about four months left in the fiscal year.

But at the outset of county commission budget hearings that begin Wednesday, April 8, here’s what the dollar figures look like.

35. EDGE Developing Guidelines for Destination Retail Incentives -

When Swedish furniture retail giant Ikea announced it wanted to build one of its destination retail centers in Memphis, the company was greeted with open arms.

Mayor A C Wharton Jr. even held a City Hall press conference to announce the news in December.

36. Tanger Outlets to Open Southaven Mall in November -

What is now a field near Interstate 55 and Church Road in Southaven, Miss., soon will become an outlet-shopping destination.

The 310,000-square-foot Tanger Factory Outlets Centers Inc. shopping center should be ready for shoppers by Nov. 19, just in time for Christmas.

37. Events -

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

38. Events -

Calvary Episcopal Church will present the 2015 Lenten Preaching Series and Waffle Shop Tuesdays to Fridays through March 27. The preaching series runs from 12:05 p.m. to 12:40 p.m., and the Waffle Shop is open from 11 a.m. to 1:30 p.m. Visit calvarymemphis.org/lentenpreaching for a series schedule.

39. 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.

40. 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.

41. 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.

42. 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.

43. Fogelman Company Launching Retail Center in East Memphis -

6544 Poplar Ave.
Memphis, TN 38118

Permit Amount: $3.2 million

Permit Application Date: February, 2015

44. $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.

45. 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.

46. $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.

47. 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.

48. 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.

49. 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.

50. 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.

51. 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.

52. 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.

53. 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.

54. 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.

55. 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.

56. 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.

57. 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.

58. 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.

59. Elvis Presley Enterprises Applies for Hotel Building Permit -

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

60. 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.

61. 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.

62. 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.

63. 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.

64. 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.

65. 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.

66. 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.

67. 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.

68. 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.

69. 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.

70. 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.

71. 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.

72. 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.

73. 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.

74. 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.

75. 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.

76. 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.

77. 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.

78. 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.

79. 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.

80. 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.

81. 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.

82. 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.

83. 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.

84. 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

85. 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.

86. 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.

87. 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.

88. 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.

89. 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.

90. 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.”

91. 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.

92. 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.

93. 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.

94. 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.

95. 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.

96. 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.

97. 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.

98. 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.

99. 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.

100. 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.