VOL. 125 | NO. 178 | Tuesday, September 14, 2010
The Center City Revenue Finance Corp. has awarded a tax freeze to developers planning an 11-story, roughly 300-room hotel across from FedExForum that will save the project more than $15 million in taxes.
Construction leaders’ outlook pessimistic
Ask the owners and operators of the largest commercial construction firms in the Memphis area how things are going these days, and it’s hard to get a response that is not pessimistic.
Memphis area homebuilders agree that business is looking up, but they also agree that a complete recovery will be slow in coming.
Commercial and residential construction lenders continue to see slow activity from developers, making it unlikely much dirt will get pushed on new projects in the next several months.
The federal first-time buyer tax credit that prompted an increase in home sales – and to a lesser extent, new home construction – earlier this year had a similar impact on the price of building materials.
Shelby County Commissioners found plenty to debate during their first meeting as a body since six new commissioners took office Sept. 1.
Residents and business owners in the Vance Avenue area meet Tuesday evening to review plans for the revitalization of the area, including a progress report on the redevelopment of the Cleaborn Homes public housing development.
The cost of a really cheap night out can add up to something significant for Church Health Center.
The historic preservation group Memphis Heritage Inc. was on a roll as August was about to end.
3444 Plaza Ave., Memphis, TN 38111, Permit Amount: $10 Million -
The Kroger Co. has filed a $10 million building permit application for its store at 3444 Plaza Ave. near the corner of Poplar Avenue and Highland Street in Poplar Plaza.
When you’re passionate about your business, it can be downright difficult to be objective. And that lack of objectivity can severely limit your company’s growth.
GOVERNMENT AGENDA
The Memphis City Council will meet today at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.
NATIONAL BUSINESS
NEW YORK (AP) – U.S. airlines were late more often in July than a year earlier, but there were only 3 planes stuck for more than three hours, the government said Monday.
PHILADELPHIA (AP) – As college freshmen nationwide continue exploring their campuses – finding dining halls, laundry rooms, bookstores and gyms – officials at many schools say the newbies are increasingly finding their way to career centers.
BUTTE, Mont. (AP) – Two of the biggest names in business say they see a bright future for the economy.
NATIONAL POLITICS
WASHINGTON (AP) – Treasury Secretary Timothy Geithner said Monday the administration is encouraged to hear Republicans say they would support President Barack Obama's plan to extend tax cuts to the middle class.
WASHINGTON (AP) – Congress returns this week with embattled Democrats torn between trying to show they have the economic answers and fearing the further wrath of voters over new government programs.
WASHINGTON (AP) – The new chairman of President Barack Obama's Council of Economic Advisers says Americans can expect to see the high unemployment rate continue for some time.
WASHINGTON (AP) – The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama's watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.
WASHINGTON (AP) – The nation's health system can't be transformed by rationing medical care, President Barack Obama's new Medicare chief said Monday in his first major speech.