Developer Files $2.4M Loan For Arlington Lot

Arlington Development General Partnership on Dec. 8 filed a $2.4 million deed of trust through David Toms for Lot 3 of the Arlington Collection/Kroger V-463 Subdivision. The formal address is 11695 U.S. 70.
The land is near the intersection of U.S. 70 and Airline Road, not far from Tenn. 385.
Arlington Development GP developed the retail center, which is anchored by a Kroger store at 11635 U.S. 70. Operating as Kroger Limited Partnership I, that company in September 2008 acquired part of three lots next to its store for $900,000 from the Arlington Development partnership.

Pfizer Inc. Receives Award For Worker Safety

The Pfizer Inc. Memphis Logistics Center has received the Award of Excellence for Workplace Safety from Tennessee Department of Labor and Workforce Development Commissioner James Neeley.
The facility, which employs 200 people, qualified for the award by logging more than 512,000 hours without any lost time or injuries.
The award honors Tennessee employers and their workers who reach a required number of work hours without experiencing a lost workday case, and have maintained total injury and illness incident rates below the national average.

Exchange Club Receives Grant For Family Therapy

The Exchange Club Family Center has received a $50,000 grant from the Wal-Mart Foundation’s State Giving Program.
The Exchange Club Family Center will use the grant money to support its Domestic Violence Program for Children. The program gives children initial clinical assessments and provides age-appropriate group therapy.
The center also provides children’s caregivers with group therapy and the educational support needed to help the children cope with and heal from trauma.
The Wal-Mart Foundation’s State Giving Program was established in 2008 and awards grants at the state and regional levels to support unmet needs not directly addressed by other programs.
The Exchange Club Family Center provides intervention, counseling and support services to local families who are victims of domestic violence or child abuse.

Rove to Address Politics With Rhodes Students, Faculty

Karl Rove, the controversial senior adviser to former president George W. Bush, will speak in Memphis next month.
Rove will give an address Jan. 20 on American politics to Rhodes students. The lecture is being presented by the Rhodes College Lecture Board and Young America’s Foundation. The speech is open to the Rhodes community only and it starts at 8 p.m. in the McCallum Ballroom.
Students, faculty and staff will be notified next month about ticket details.

Miss. Sees Drop In Casino Revenues

A rebound in Mississippi gaming revenues lasted only a month.
Mississippi’s state-licensed casinos reported November revenues of $185.4 million, the lowest revenue figure since September 2005, when a dozen coastal casinos were shut down after Hurricane Katrina.
November’s figures from the Mississippi State Tax Commission showed an $8.1 million drop from October and a $1 million drop from September.
Since January, the casinos have taken in $2.27 billion, compared to $2.51 billion from January to November 2008.
Last month, casinos along the Mississippi Gulf Coast showed a slight improvement compared to October, winning $87.2 million, up from $86.3 million. Casinos along the Mississippi River won $99.2 million last month, down from $107.2 million in October.

Borrowers with Loan Mods Falling Into Trouble

Homeowners who have received substantial cuts in their monthly mortgage payments still stand a good chance of
falling behind again, two federal regulatory agencies recently reported.
Nearly 40 percent of homeowners who received  loan modifications that reduced monthly loan payments by 20 percent or more were at least two months late again within a year, the Office of the Comptroller of the Currency and the Office of Thrift Supervision reported Monday.
That’s an ominous sign for the Obama administration’s plan to stem the foreclosure crisis, an effort launched in March. Only about 31,000 permanent modifications have been made under that plan.

State Urges Consumers To Watch for Gift Restrictions

State officials are encouraging consumers to watch out for restrictions and expiration dates on rebates, gift cards and gift certificates.
Tennessee Atty. Gen. Bob Cooper said a little research can go a long way toward collecting what buyers are owed.
A news release from the state shows consumer groups such as the Better Business Bureau report most consumers take advantage of
rebates, but an estimated 20 percent never receive their money back.
Mail-in rebates usually involve some work on the buyer’s part. Most rebate programs have specific deadlines and require receipts, UPC codes or other packaging parts to be mailed in with the rebate form.
Cooper said money and time is wasted if consumers don’t pay attention to the details.