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VOL. 128 | NO. 74 | Tuesday, April 16, 2013

Shelby County Mortgage Market Up 2 Percent

Someone let out a cheer earlier this month at the Memphis Area Association of Realtors 2013 Residential Real Estate Summit as MAAR President Regina Hubbard gave her optimistic forecast for the local housing market.

March Mortgages Drop 8 Percent

From March 2012 to March 2013, the number of mortgages made in Shelby County dropped 8 percent – from 649 to 597.

The Comeback Club

Hi-Tone returns next month with new space in Crosstown

The Hi-Tone is a few weeks away from coming back. At the end of March, owner Jonathan Kiersky signed a lease for new space in the Crosstown neighborhood that will resurrect the recently shuttered music venue into a facility that’s essentially two connected spaces.

Legislature Sends Municipal Schools Bill To Haslam

The Tennessee House and Senate sent a bill permitting municipal school districts in 29 cities including the six suburban towns and cities in Shelby County to Gov. Bill Haslam Monday, April 15, for his signature.

U of M President Raines Announces Retirement

Shirley C. Raines is retiring at the end of June after 12 years as president of the University of Memphis.

Local Weather
Today
Memphis, TN
69°F
Partly Cloudy
Wind: 0 mph
Humidity: 61%

EVENTS

Greater Memphis Chamber will host a Lunch in the Know titled “Website Design Strategy & Analytics to Measure Success” Tuesday, April 16, from 11:30 a.m. to 1 p.m. on the Baptist Memorial Hospital campus, 6027 Walnut Grove Road. Lou Powell and Leigh Pegram of Vanick Digital will speak. Cost is free for member and prospective members; lunch is provided. R.S.V.P. to tlee@memphischamber.com. 

more events »

Budget Season Opens With Wharton Proposal

Memphis Mayor A C Wharton Jr. presents his budget proposal Tuesday, April 16, to the Memphis City Council for the fiscal year that begins July 1.

Mays to Consider 13-Member School Board

After some time out of the public eye, the schools consolidation court case goes back before federal Judge Samuel “Hardy” Mays Tuesday, April 16, for a hearing on the plan to change the structure of the countywide school board.

City Labor Talks Head to Impasse

The city of Memphis and the Memphis Police Association are expected to declare Tuesday, April 16, that their contract talks are at an impasse, triggering a process in which the Memphis City Council settles the labor dispute.

Program Addresses Neonatologist Shortage

Memphis hospitals face a shortage of physicians that care for critically ill and premature newborn infants.

GOVERNMENT AGENDA

April 16 Memphis City Council Agenda

The Memphis City Council will meet Tuesday, April 16, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for an agenda.

REAL ESTATE RECAP

Harold Ford Sr. Buys Sycamore View Property

1670 Sycamore View Road Memphis, TN 38134

LOCAL COLUMNISTS

The Heart and Soul in Sports

Last week we spotlighted St. Jude Children’s Research Hospital, which is a world leader in the fight against childhood cancer and other deadly diseases. This week let us discuss an organization that is making a positive, and eternal, impact in the arena of athletics: the Fellowship of Christian Athletes.

STATEWIDE

FBI Agents at Headquarters of Haslam Family Business

KNOXVILLE, Tenn. (AP) – FBI agents have blocked the entrance at the Knoxville headquarters of Pilot Flying J, the truck stop business owned by the family of Tennessee Gov. Bill Haslam and his brother, Cleveland Browns owner Jimmy Haslam.

STATE GOVERNMENT

Proposal to Let Cities Form Own School Systems

NASHVILLE (AP) – A measure that would allow cities to form their own school systems is scheduled to be heard on the Senate and House floors Monday evening.

Department of Children’s Services to Improve Training

NASHVILLE (AP) – The Department of Children's Services is reorganizing following problems that led to the recent resignation of Commissioner Kate O'Day.

Inmate Dental Care Contract Goes to Higher Bidder

NASHVILLE (AP) – The Tennessee Department of Correction has awarded a new contract for state inmate dental care to a company which submitted a bid $16 million higher than a competitor.

Push Education Bills in Final Days of Session

NASHVILLE (AP) – As the 108th Tennessee General Assembly draws to a close, state lawmakers are hoping to push through education proposals that include creating a state panel to authorize charter schools for five counties and a measure that would clear the way for cities to begin forming municipal school systems.

Tennessee Finance Chief to Retire From Haslam Cabinet

NASHVILLE (AP) – State finance chief Mark Emkes is retiring after presiding over three annual spending plans, Republican Gov. Bill Haslam's administration announced Monday.

NATIONAL BUSINESS

Gold Plunges to 2-Year Low

NEW YORK (AP) – Gold plummeted to its lowest level in more than two years as traders rushed to sell their holdings following a big price drop on Friday.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 146 10,368
MORTGAGES 0 202 13,529
FORECLOSURE NOTICES 0 43 2,687
BUILDING PERMITS 0 393 24,700
BANKRUPTCIES 0 122 10,014
BUSINESS LICENSES 0 37 3,773
UTILITY CONNECTIONS 0 248 14,805
MARRIAGE LICENSES 0 58 3,225

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