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VOL. 127 | NO. 98 | Friday, May 18, 2012

MEM to Offer $1M in Airline Incentives

The Memphis-Shelby County Airport Authority unveiled and approved an incentive plan Thursday, May 17, of up to $1 million to attract competing air service at Memphis International.

The Main Message

Downtown Memphis Commission seeks firm to brand South Main

Downtown’s South Main neighborhood has grown over the years into a bustling community of restaurants and retail shops – a far cry from its past as a mostly vacant neighborhood that attracted artists with cheap rent and eclectic architecture.

Georgia 3PL Growing Its Area Footprint

A Savannah, Ga.-based third-party logistics firm is seeing rapid expansion in the Southeast Memphis industrial market after its local entrance less than a year ago.

Pickering Projects Show Activity on Upswing

If an uptick in engineering services is an economic indicator of recovery and stability, Memphis is progressing fairly well.

Civil Rights Icon Smith Donates Papers to Library

Maxine Smith pointed out that the wheelchair she used to enter the Benjamin L. Hooks Central Library was borrowed – and she also made a point of walking from the doorway of the Memphis and Shelby County Room at the library to her seat in the room.

Merged Schools Specifics Clear Another Hurdle

Recommendations for the look of the new countywide school system cleared another set of hurdles Thursday, May 17. But the estimates of the cost of the different parts of the school system to come in August 2013 are still to come.

Cost Analysis Sparks Little Reaction

Shelby County Commissioner Mike Ritz noted that before he finished his presentation Wednesday, May 16, on how much municipal school systems in the suburbs could cost, other commissioners had already emailed the proposal to suburban mayors backing the move to municipal school districts.

Social Philanthropy Drives GiVE 365

GiVE 365, a program that invites ordinary Memphians to become active, decision-making philanthropists by giving $1 a day, will celebrate its third anniversary of giving on June 1.

MEMPHIS STANDOUT

Leadership Memphis Provided Heros Community Awareness

Businesswoman Lucia Heros, who co-owns her family’s coffee business Café Las Flores with her two brothers, has lived in Memphis for about 20 years and is well-known for fundraising and gala endeavors.

SPORTS

Grizzlies Must Answer Many Difficult Offseason Questions

In the world of sports talk radio, improving the Grizzlies would be easy. As easy as, say, “Eddie from East Memphis” calling in and suggesting the Grizzlies ship Dante Cunningham, Jeremy Pargo and Quincy Pondexter to the Oklahoma City Thunder for James Harden.

LOCAL COLUMNISTS

It Wasn’t Like This

AROUND HERE, 24 HOURS AREN’T WHAT THEY USED TO BE. A day in Memphis wasn’t like this.

Ways to Sustain Your Nonprofit

Sustainability is a current buzzword. It’s also an important concept for each of us to integrate into our work, our communities and our personal lives. They are all connected, especially for those of us who work or volunteer in the nonprofit sector. Questions and concerns related to sustainability are often unasked and unanswered. How can we sustain our work in light of growing demand and contracting funds? How long can we continue to operate like this? And, on a personal note, how can I get through today?

STATE GOVERNMENT

AP Interview: Haslam Mulls Expansion of Pre-K

NASHVILLE (AP) – Gov. Bill Haslam says he's considering a funding increase for the state's public pre-kindergarten program, a move that would put him at odds with some fellow Republicans in the Legislature.

REGIONAL

Miss. Voter ID Bill Signed, Awaits Feds' Scrutiny

JACKSON, Miss. (AP) – Mississippi Gov. Phil Bryant on Thursday signed a bill requiring voters to show photo identification at the polls, but it's unclear whether it will become law.

Group Organizes to Block Ark. Casino Ballot Items

LITTLE ROCK, Ark. (AP) – A group of legislators and other leaders say voters shouldn't sign petitions for proposed ballot items that would allow casinos to open in several Arkansas counties.

NATIONAL BUSINESS

Facebook Set to Price Initial Public Offering

NEW YORK (AP) – Facebook's initial public offering is shaping up to be one of the largest in history. It's expected to be a big payoff for a company that started out eight years ago with no way to make money.

Buffett's Berkshire to Buy Media General Papers

NEW YORK (AP) – Billionaire Warren Buffett's company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million.

REAL ESTATE

US 30-Year Mortgage Rate Falls to Record 3.79 Pct.

WASHINGTON (AP) – Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify.

Foreclosures Dip in April

LOS ANGELES (AP) – National foreclosure trends took a positive turn in April, as the number of homes seized by banks declined and fewer properties entered into the foreclosure process.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 33 91 3,886
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 62 309 14,343
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 13 106 4,663

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