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VOL. 127 | NO. 45 | Tuesday, March 6, 2012

Work Begins On Cupcake, Wine Shop

Work is moving forward on a concept that’s been in the works for at least two years that would bring a cupcake and wine shop to Downtown’s South Main Historic Arts District.

Cooper-Young Growth

Midtown neighborhood continues to draw new restaurant, retail tenants

When Bert Smythe decided to launch new restaurant concept Alchemy last summer in the Cooper-Young district, the 5,200-square-foot space formerly occupied by Grace and Au Fond Farmtable seemed about 25 percent larger than was needed.

Voters Turn Out Today For Primary Races

The first thing parishioners at St. Francis of Assisi Catholic Church noticed before noon Mass, Sunday, March 4, was a line of black SUVs in the parking lot of the Cordova church. A back row at the church was filled with men wearing the same color suits.

Petties Drug Trial Testimony Focuses on Defendants

After three weeks of detailing a broad conspiracy to sell drugs in the Memphis region and silence those who cooperated with authorities, prosecutors in the Petties drug organization trial began the trial’s fifth week with more specific testimony about the two defendants.

Literacy Focus of Memphis Campaign

Memphian Beverly Fletcher was a grandmother before her family and friends became aware she couldn’t read.

Local Weather
Today
Memphis, TN
64°F
Fair
Wind: 0 mph
Humidity: 80%

EVENTS

The Memphis Rotary Club will meet Tuesday, March 6, at noon at the University Club of Memphis, 1346 Central Ave. Allen Godfrey, executive director of the Mississippi Gaming Commission, will speak. Cost is $18 per person. Email Taylor Hughes at taylor@memphisrotary.org for reservations.

more events »

City Council Discusses Property Tax Hike

Memphis City Council members will talk more Tuesday, March 6, about the city’s flow of red ink.

New Corruption Counts Filed Against Hodges

A Shelby County grand jury has replaced felony criminal charges against former Millington Mayor Richard Hodges with new corruption counts and included Marlin Roberts, the owner of a Millington transmission shop, with Hodges in the new charges.

Pinnacle CFO Announces Resignation

The chief financial officer of Memphis-based Pinnacle Airlines Corp. is resigning effective at the end of March, the company announced Monday, March 5.

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet Tuesday, March 6, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the icon for an agenda.

REAL ESTATE RECAP

$1.5 Million Loan Filed For Future Vantage Point Golf

Future Vantage Point Golf Center -
Vantage Point Holdings LLC has filed a $1.5 million loan to build Vantage Point Golf Center – a driving range and 3,600-square-foot clubhouse – on Macon Road near Big Orange Road in the Grays Creek floodplain in Cordova. The limited liability company closed on the property and financed it in the past week, said the LLC’s manager/owner, Chris Thompson.

LOCAL COLUMNISTS

More Defining Memphis

Last week we spotlighted a variety of heartfelt responses to the question: “What does Memphis mean to you?” Over the last few weeks, we have been focused on this question and asking readers to share their personal thoughts as we work to create a community narrative that will help us align efforts and market our city. This week let us continue to share some responses that I think capture the essence of what makes Memphis so truly special and unique.

Rates Down, Money Up Across Globe

Money Money Money Money To address declines in economic activity and stimulate marketplace liquidity, central banks across the globe have taken rates down and the quantity of money up. In fact, the leading global central bank balance sheets are approaching an unprecedented $9 trillion, or nearly 15 percent of global GDP.

Honors Continue For Architect Of Memphis Sound

Memphis music icon Willie Mitchell was honored on what would have been his 84th birthday last week with a Tennessee state historical marker at his Royal Studios.

NATIONAL BUSINESS

Pew: Newspapers Can Boost Online Sales With Focus

LOS ANGELES (AP) – Newspapers need to prioritize digital advertising sales if they expect to thrive, according to a Pew Research Center study released Monday.

US Factory Orders Fell 1 Percent in January

WASHINGTON (AP) – U.S. factory orders fell in January by the most in 15 months after businesses sharply reduced orders for machinery and equipment.

NATIONAL GOVERNMENT

Job Creation Driving Highway Bills in Congress

WASHINGTON (AP) – The lure of roads, bridges, buses and trains isn't enough anymore to drive an expensive transportation bill through Congress. So to round up votes, congressional leaders are pitching the bills as the hottest thing around these days: job generators.

Consumer Agency Takes Student Loan Complaints

WASHINGTON (AP) – The government's new consumer protection agency started accepting complaints Monday about student loans.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 44 44 13,700
MORTGAGES 58 58 17,884
FORECLOSURE NOTICES 28 28 3,533
BUILDING PERMITS 0 0 32,303
BANKRUPTCIES 78 78 13,081
BUSINESS LICENSES 25 25 4,730
UTILITY CONNECTIONS 121 121 20,021
MARRIAGE LICENSES 33 33 4,230

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