VOL. 125 | NO. 140 | Wednesday, July 21, 2010
Owner Files Loan On Millington Nursing Home
West Point Road Associates LP, the owner of the Millington Healthcare Center nursing home, has filed a $4.9 million deed of trust through Capital Funding LLC on the property.
Built in 1992, the 32,257-square-foot facility sits on 1.75 acres at 5081 Easley St. in Millington, just north of Navy Road. The Shelby County Assessor’s 2010 appraisal is $2.1 million.
Easley Place Inc. quitclaimed the property to West Point Road Associates in 2007.
James Andrews signed the trust deed as president of West Point Road Associates, whose contact address is in Georgia. The deed also included a rider with assignment of leases to Capital Funding.
Source: The Daily News Online & Chandler Reports
– Eric Smith
CCDC Looking At $153,000 in Projects
Downtown’s development pipeline continues to hum with new business activity, judging by the development incentives totaling $153,121 the Center City Development Corp. will take action on Wednesday.
Center City staff is recommending a $15,000 commercial office grant for Stratos, a ServiceMaster Clean janitorial franchise planning to sign a 10-year lease for 7,430 square feet on the first floor of the Lowenstein Building. In a letter to Center City officials, the firm said it considered two other locations elsewhere in the city, but the grant helped pull Stratos’ attention Downtown.
SMART Schools Inc. is a nonprofit group that plans to start a middle and high school program around the topics of business and law. The group plans to sign a 5-year lease for 4,803 square feet at 110 North Court Street, for which Center City staff is recommending a commercial office grant of $5,000. The group’s program will be devoted to “serving a population of academically underserved students” in Memphis.
Bardog Tavern owner Aldo DeMartino and a group of investors plans to open Aldo’s Pizza Pies at 64 South Main, and Center City staff is recommending a retail forgivable loan of $40,000 and a façade grant of $25,000 for that project. The plan is to open in late summer, and according to a letter submitted to the Center City Commission, “our mission is to become the place to go for pizza in Downtown Memphis.”
K’PreSha is a specialty boutique that plans to sign a 5-year lease for 1,500 square feet at 323 South Main. Center City staff recommends a retail forgivable loan of $35,000 and a façade grant of $4,750. The store will offer designer apparel and accessories for men and women.
Hoot + Louise is another retailer coming to South Main that will sell apparel geared toward the young female urban market. The store plans to sign a 5-year lease for 1,350 square feet at 515 South Main. The store’s inventory will include apparel, handmade jewelry, vintage dresses and more. Center City staff recommends a retail forgivable loan of $26,621 and a façade grant of $1,750.
– Andy Meek
IDB to Consider Trio of Requests
The Memphis-Shelby County Industrial Development Board is scheduled to take action today on three industrial revenue bond requests, two of which are new and one of which is an amendment to an existing PILOT (payment-in-lieu-of-taxes).
The board will consider amending KTG’s 2005 PILOT and granting bonds to Royal Phoenix Hotel and Green Diesel.
RPD Hotels LLC has requested $40 million for the Royal Phoenix Hotel project, which will bring an 11-story, 300-room hotel to Downtown.
It will be branded as a Hilton Hotels Corp. property.
Other items up for discussion at the July meeting include a 2009 audit of IDB plus discussions of the board’s diversity plan report, RFQ report and Germantown Technology Corridor Review.
The IDB will meet at 3 p.m. in Conference Room A on the fourth floor of City Hall, 125 N. Main St.
– Eric Smith
Counselor to Discuss U.S-China Investments
The Economic Counselor from the Chinese embassy in Washington is in Memphis Wednesday to talk about investments in and exports to China.
Li Haiyan will speak as part of a trade conference sponsored by the U.S. Chamber of Commerce and the Greater Memphis Chamber at the Memphis Marriott East, 2625 Thousand Oaks Blvd., from 8 a.m. to 11 a.m.
Haiyan will give the keynote address starting at 10:35 a.m. Before his speech there will be panel discussions on resources for Memphis businesses, an overview of the Chinese market and business fundamentals in China.
– Bill Dries
Voter Fraud Probe Moves Forward
The Shelby County Election Commission and the Tennessee Bureau of Investigation are continuing a probe of voter fraud in the 2006 elections. Word of the continuing investigation comes as two Shelby County voters have been indicted for each voting more than once during the 2006 election season.
Anne Enochs, 69, is accused of voting “more than once” in the Aug. 3, 2006, elections. And James Golden, 52, is accused of voting twice during the early voting period before the Nov. 7, 2006, election day.
Enochs and Golden on free on their own recognizance pending separate arraignments on the state charges.
Shelby County District Attorney General Bill Gibbons said in a written statement that no involvement by a candidate or campaign is alleged in either case. And he added that information from the Election Commission indicates there could be more charges against others.
Over the years, Gibbons’ office has periodically charged one or two people with voting twice as voting rolls from the early voting period are checked with election day voting rolls after an election.
– Bill Dries
Methodist South Offers Digital Mammography
Methodist South Hospital has begun offering digital mammography, which is available for same-day appointments and walk-in patients.
The hospital recently acquired the Selenia Digital Mammography System. It provides better storage of images, produces sharper details and allows better detection. The medical imaging technology also shortens the time for mammography results.
– Tom Wilemon
Ole Miss to Teach Auto Plant Skills
The University of Mississippi this fall will begin teaching the business and engineering skills for running an automobile plant at its new Center for Manufacturing Excellence.
The center was established to prepare students for careers at Toyota Motor Manufacturing Mississippi, where the company begin producing Corollas next year.
The university will offer four degree programs: a bachelor of engineering, a bachelor of science in mechanical engineering, a bachelor of business administration and a bachelor of accountancy.
– Tom Wilemon
MIFA Announces New Board Members
Three people have joined the board for the Metropolitan Inter-Faith Association.
They are Deborah Craddock, Meg Crosby and the Rev. Milton Hawkins.
Officers for the nonprofit organization’s 2011 fiscal year are Jef Feibelman, chair; the Rev. Steve Montgomery, vice-chiar; Amy Poag, secretary; Ward Mayer, treasurer; and Milton Lovell, legal counsel.
– Tom Wilemon
UTK Establishes Public Health Dept.
The University of Tennessee at Knoxville has established a Department of Public Health within the College of Education, Health and Human Sciences.
The UT Board of Trustees approved the creation of the new department in June and the Department of Public Health came into being July 1.
The department will offer a doctoral program in health behavior and health education, a master of public health degree, and a dual degree program in which students earn master’s degrees in nutrition and public health.
The public health staff will have a faculty of nine plus a post-doctoral instructor.
The department will maintain a single undergraduate course, but otherwise will have no undergraduate programs.
The Center for Public Health, created in 2007 to expand the public health academic program, has a strategic plan to have a School of Public Health at UT within five years.
– Taylor Shoptaw