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VOL. TMN-8 | NO. 28 | Saturday, July 4, 2015
Weekly Issue

Plane Talk

Memphis International Airport leadership on past woes, current struggles and the way up

It was 2012 and Tom Jones was growing increasingly frustrated.

American Airlines Adding Memphis-NYC Flights

American Airlines is adding two daily nonstop flights between Memphis International Airport and New York’s LaGuardia Airport.

Editorial: Ballet Memphis a Perfect Partner for Overton Square

When news surfaced of Ballet Memphis’ impending move to Overton Square, it was met with mixed emotions.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: July 3-9

2014: Memphis Police Director Toney Armstrong says 308 police officers have called in sick during the Fourth of July holiday week in what he acknowledges is probably a “work action” by cops upset over cuts to health benefits.

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Local Weather
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Memphis, TN
76°F
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Wind: 8 mph
Humidity: 85%

EVENTS

Twilight Tuesday, Beale Street Landing’s free outdoor movie series, will feature “Pirates of the Carribbean: The Curse of the Black Pearl” Tuesday, July 7, at 8:30 p.m. on the roof of Beale Street Landing, 251 Riverside Drive. Bring a blanket and enjoy a to-go order from Riverfront Bar & Grill or a nearby food truck. Visit memphisriverfront.com.

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Monogram Foods Buys $100 Million Frozen-Appetizers Maker

Memphis’ reigning meat maker is moving forward with a huge acquisition that will boost revenue by 25 percent, employment by more than 30 percent and add frozen appetizers to its product portfolio.

US Postal Service Previews ‘Elvis Forever’ Stamp, Album

The U.S. Postal Service is giving Elvis fans a preview of what they can look – and listen – for when the King of Rock ‘n’ Roll’s Forever stamp comes out next month.

New Forrest Front

Confederate relic debate reverberates in Memphis with Forrest statue

The political battle over an equestrian statue of Nathan Bedford Forrest and the park that houses it has opened a new front.

Memphis Symphony Eyes Move to Midtown

Memphis Symphony Orchestra president and CEO Roland Valliere is not shy when it comes to talking about the future of the organization.

Fino’s Taking a Bite Out of East Memphis

The Brookhaven Circle area, an emerging restaurant row in the heart of East Memphis, is welcoming a new neighbor.

Building Ballet

Ballet Memphis CEO talks about the future, move to Midtown

Ask Ballet Memphis CEO and founding artistic director Dorothy Gunther Pugh about her dance company's newly announced move to Midtown, and the conversation doesn't immediately turn to obvious things like the when and the why.

Memphis Election Fundraising Deadline Prompts Flurry of Appeals

For the last week, candidates in the October Memphis elections have had fundraising fever.

Memphis Finance Gurus Retrace City’s Fiscal Path

Mayors come and go at City Hall and what was a priority for one administration can change with the next. But one constant is finance.

FedEx Seeks European Approval for TNT Express Acquisition

European Union regulators should rule on FedEx Corp.’s bid to acquire Dutch logistics firm TNT Express by Aug. 3.

Methodist South Expands to Meet Whitehaven’s Needs

Methodist Le Bonheur Healthcare’s Whitehaven facility is a small, 156-bed "community hospital," but its emergency department is the third-busiest ER in Memphis.

Study Finds Merit In Youth Villages' Transitional Program

Youth Villages’ 17-year-old transition program for children aging out of the foster care system at age 18 improved participants’ outcomes in housing stability, economic well-being, and employment and earnings, according to a new clinical study by nonprofit research organization MDRC.

Alliance for Nonprofit Excellence Develops Tighter Focus

In good times and bad, change is a constant. During the recession, nonprofits were stretched financially and emotionally as demands for services increased and funding declined.

Builders Start, Sell Fewer Memphis-Area Homes in May

Hampered by a severe lot shortage, homebuilding activity in Memphis and Shelby County slowed considerably in May, with builders starting and selling fewer new homes than last year.

React: Supreme Court’s Gay Marriage Ruling

A divided U.S. Supreme Court voted 5-4 that same-sex couples have a right to marry anywhere in the United States. Here is a roundup of local reaction to the landmark ruling.

Memphis Mayoral Election Heating Up As Strickland, Wharton Take Turns

Here come the yard signs.

SPORTS

Grizzlies Rookies Jarell Martin, Andrew Harrison Have Much to Prove

The bottom-line question about Memphis Grizzlies rookies Jarell Martin and Andrew Harrison is the same as after every other NBA Draft: What does the team really have in these guys?

Marc Gasol of Memphis Is Already Right at Home

He appreciates a fine wine, but at least symbolically does so with a dab of barbecue on his chin.

Memphian Will Hogue Finding Success on Long Drive Tour

Will Hogue won last weekend’s Bluff City Shootout long drive competition by defeating 2014 world champion Jeff Flagg. And that would seem to bode well for Hogue’s chances at this year’s world championships, except that right now there isn’t going to be one.

NEWSMAKERS

Mark Mosteller Joins Evolve Bank & Trust

Mark E. Mosteller Sr. recently joined Evolve Bank & Trust as executive vice president, accounting and finance.

REAL ESTATE RECAP

Graceland Hotel Developers File $84 Million Construction Loan

3600 Elvis Presley Blvd., Memphis, TN 38116, Loan Amount: $84 million -
The developers behind a massive hotel near Graceland are ready to shake, rattle and roll on the project.

SMALL BUSINESS

McGehee Animal Clinic Focuses on Close Family Connections

Dr. Norris McGehee always knew that he wanted to be a veterinarian. His father was an architect and his brothers went on to be engineers, but McGehee was attracted to a different family practice.

LOCAL COLUMNISTS

My Kind of Crazy

CRAZY LIKE CHISCA. Lauren Crews told me that people think he’s crazy.

Take Charge of Your Career Independence

With the Fourth of July just around the corner, I’ve been thinking about the importance of independence. So often, I meet people who are struggling. Whether they’ve lost their job, or work for a boss who doesn’t appreciate them, they’re going through a rough time.

Timing the Market

Ray’s take: I once had a client tell me that all she wanted me to do was have her in the market while it went up, and get her out of it before it went down. Sounds great! The only problem is that an honest person can’t do that on a consistent basis.

Southern Heritage Defined Differently Across Tennessee

Tennessee’s loyalty was divided in the Civil War, and 150 years later, little is changed as the debate over Confederate symbols arises in the wake of the racist-fueled South Carolina church massacre.

Stephen & LeBron: Destined to Cross Paths?

When NBA MVP Stephen (pronounced Steff’n) Curry was in high school, he attended a basketball camp sponsored by LeBron James. The first time LeBron saw Steph, though, was in March 2008. James’s Cleveland Cavaliers were playing the Detroit Pistons, a night game. That afternoon LeBron showed up at Ford Field, with 53,000 others.

Engaging Followers Via LinkedIn

LinkedIn, the world’s largest social media platform specifically targeting the business community, has grown to roughly 350 million users in 2015 according to Statista. And businesses have taken note with more than 4 million of them flocking to create company pages in order to tap into this critical mass of business professionals.

Financial Literacy for Young Adults

We spend about 18 years preparing our children for the challenges they will face after setting out on their own. However, many parents forget an important detail: the value of preparing children for their financial future.

Measuring Your Organization’s Customer Service

Nonprofits are increasingly asked to focus on the people they serve. This is not news. So many employees, volunteers, board members and executives at nonprofits are all about the people they serve. They are passionate, compassionate, committed and resourceful.

How Pope Francis’ Climate Encyclical Translates to Memphis

On Thursday, June 18, the Vatican released Pope Francis’ much-anticipated encyclical, “Laudato si” (Praise Be to You: On the Care for Our Common Home). For some time now, Catholics, environmentalists and other Vatican watchers were aware that Francis was going to focus on the environment, especially the problem of global climate change.

Culture Trumps Concepts

When many people hear the word “Innovation” they think of a service that created a category: Xerox or FedEx. Or, they think of one that made bold, brilliant moves to earn a leadership position in an emerging space: Google, Facebook, Uber and Airbnb.

Calculate How Long Your Savings Will Last

How long will your money last? What is your current and projected net worth?

TENNESSEE LEDGER
Nashville Edition

Building Boom Strains Labor Pool, Supply Chain

Contractors, subs ‘turning down work’ in Middle Tennessee

Middle Tennessee’s red-hot construction boom is becoming a victim of its own success. Architects, contractors and everyone in between, including Metro Codes, are up to their necks in work.

Gulch Approaching 50 Percent Buildout

Nashville’s storied Gulch, originally the home of the downtown railway terminal, is approaching another milestone in its long history.

New Projects Bring More Residents to Nashville Area

Nashville’s bustling building market is bringing an abundance of short-term labor into Middle Tennessee, but it’s also luring in people who want to put down more permanent roots.

All-Male Nanny Service Eyeing Middle Tennessee

Mary Poppins he’s not. No flying umbrellas, no Oscar-winning musical numbers.

Buying a House? Here’s 12 Things You Must Do

Anyone buying any home anywhere should have a checklist of things to do. In this area, there are several.

Knoxville Edition

A Zoo With a View Toward Conservation

Knoxville facility evolves with focus on education, preservation

Two western lowland gorilla babies were born at the Knoxville Zoo in June. Around the same time, a rare snake and an equally rare piglike little thing made their debuts, as well.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 92 388 9,204
MORTGAGES 119 513 12,365
FORECLOSURE NOTICES 0 98 2,526
BUILDING PERMITS 0 960 20,801
BANKRUPTCIES 77 338 7,964
BUSINESS LICENSES 14 91 3,315
UTILITY CONNECTIONS 180 695 11,718
MARRIAGE LICENSES 33 147 2,815

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