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VOL. TMN-6 | NO. 51 | Saturday, December 14, 2013
Weekly Issue

Bad Blood

Wharton, City Council deal with widening divide

December was already going to be a busy month at City Hall for the administration of Memphis Mayor A C Wharton Jr.

Editorial: Let City’s Sports Shine On Marathon Weekend

A bit of ice that resulted in the cancellation of the St. Jude Memphis marathon led to one of those rare chapters in the history of a city that has moderate winters.

EMPHASIS Regional Business

Hot-Button Issue

Calls for discussion on incentives grow as city fights for jobs

When the Economic Development Growth Engine of Memphis and Shelby County was formed in 2011, president and CEO Reid Dulberger knew it would take the organization a little time to gain its footing.

Srivastava Shapes Area’s Transportation Future as MPO Administrator

Pragati Srivastava, administrator for the Memphis Urban Area Metropolitan Planning Organization, is passionate about transportation and travel.

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Out-of-Town Banks Target Memphis for Growth

More than 40 percent of the customer deposit share in the Memphis-area banking market belongs to institutions that have a presence here but are based outside the area, the latest figures from the Federal Deposit Insurance Corp show.

APS’ Goal: Giving Region’s Businesses What They Need

APS Facility Maintenance was founded by Lorenzo Myrick as a janitorial staffing company in 1998.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: December 13-19

2010: In The Memphis News cover story on new leadership at The Regional Medical Center at Memphis, MED president and CEO Reginald Coopwood said, “It was somewhat daunting in that, ‘Am I the closer, the guy who’s coming in to close the organization down, or is there an opportunity?’”

Veterans’ Aid

Walker enters 26th year as Alpha Omega director

Cordell Walker wanted to join the military in the 1960s as his older friends were enlisting or being drafted for the Vietnam War.

Slow Job Growth Yields Dip in New-Home Permits

Shelby County homebuilding activity continued to cool off in November, with builders filing fewer permits and selling fewer new homes compared to the same month a year ago.

MRG Sees Flurry of Activity at Marion Center

In 2008, Memphis-based Makowsky Ringel Greenberg LLC developed The Shops of Angelos Grove retail center in Marion, Ark.

Paragon Sets Record Profit in Third Quarter

The good news keeps coming for Paragon National Bank.

Wharton Requests Council Delay Ballpark Vote

The deal for the city to buy AutoZone Park that had to be done by the end of December can wait until after the new year begins.

Restaurant Row

Poplar corridor becoming hotbed for new eateries

If you blink, you might miss a new restaurant opening along the Poplar Avenue corridor in East Memphis.

Riverside Drug Arrests Linked to Nashville Case

For two years, Memphis police mounted an investigation in the Riverside section of South Memphis against a long-running drug organization allegedly headed by Kenneth and Keith Bohanon.

Mortgage Market Up 10 Percent in November

Borrowers are still rushing to lock in low rates, take advantage of a seemingly improving economy and get those keys to a new home in their hands.

Shelby County Home Sales Decline in November

Shelby County home sales appear to be in seasonal slowdown mode, with agents selling fewer homes compared to the same month last year, according to real estate information company Chandler Reports.

Stephenson Honored by Appraisal Institute

The Memphis Chapter of The Appraisal Institute presented veteran real estate appraiser Robert Stephenson with its prestigious Lifetime Achievement Award on Friday, Dec. 5.

‘Growth Mode’

RocketFuel hitting stride as it makes bigger plans for 2014

The fun, quirky vibe found at Memphis-based Web design company RocketFuel is readily apparent via things like remote-controlled helicopter jousting sessions between employees, and life-sized cutouts of figures like Spock in the office.

Hopson Says Germantown Schools Agreement is a Start

The last of the suburban schools agreements is making its way through a set of votes that should settle who gets what schools and the end of the federal court lawsuit contesting the formation of the six municipal school districts.

Haslam: Talks Continue on TennCare Expansion

Tennessee Gov. Bill Haslam says his letter this week to Health and Human Services Secretary Kathleen Sebelius on the terms of a possible Medicaid expansion in Tennessee means ongoing talks between his administration and Sebelius’ office will continue.

Carver, Westwood Off School-Closing List

Carver High School has survived another attempt to close it.

AutoZone Posts 7.2 Percent Gain in Profit

Memphis-based AutoZone Inc. saw its profit rise 7.2 percent during the company’s just-ended fiscal first quarter, a strong start to the company’s new year that equated to a $14.6 million increase in net income over the same period in 2012.

Young Givers

Salvation Army seeks new generation of donors

It’s a holiday symbol that is nearly as synonymous as Christmas trees and fruitcake: the Salvation Army Red Kettle.

‘Flight’ Takes Center Stage at Chamber Luncheon

Southwest Airlines provided everyone in the nearly 1,000-person crowd at the Greater Memphis Chamber’s annual chairman’s luncheon Tuesday, Dec. 10, with a voucher worth $100 to use on a flight.

Council Changes Ballpark Terms, Delays Approval

Memphis City Council members received some more answers Monday, Dec. 9, to their questions about the proposal for the city to buy AutoZone Park. But some of those answers were different than the ones they got to the same questions last week.

Nominations Open for Dunavant Public Service Awards

The 11th annual Bobby Dunavant Public Servant Awards in 2014 will be awarded against a backdrop of the largest election ballot in Shelby County history.

Crosstown Effort Shines as Development Example

Construction documents for the $180 million revitalization of the Crosstown building were scheduled to be finished Friday, Dec. 6, with the project moving toward closing and construction in the next months.

Union Mission Heightens Outreach During Holidays

Memphis Union Mission is ramping up its efforts to help the homeless during the holiday season.

SPORTS

College Football Season Brought Many Surprises

It seems like just yesterday that temperatures were stifling and everyone who really mattered in the college football world – the SEC’s coaches and top players – had met in Hoover, Ala., for that little party known as SEC Media Days.

Injury Bug Has Grizz Fans Crying in Beers

The Oklahoma City Thunder had Kevin Durant and Russell Westbrook. The Memphis Grizzlies had Jamaal Franklin and Nick Calathes.

MEMPHIS STANDOUT

Call to Nursing Led Burnett to Form Staffing Agency

Denise Burnett entered Evangel University in Springfield, Mo., to major in journalism and minor in political science with dreams of joining the Fourth Estate.

MEMPHIS LAW TALK

Marine Deployments to Iraq Lead Baker to Law Career

At the end of his first semester of college, Josh Baker of Martin Tate Morrow & Marston PC traded in the bright orange of the University of Tennessee at Knoxville for the desert khaki of the United States Marine Corps.

MEMPHIS NEWSMAKERS

Scartozzi Named Sales Director at Hilton Memphis

Heidi Scartozzi has joined the Hilton Memphis, managed by Davidson Hotels & Resorts, as director of sales. Scartozzi is a 15-year hospitality veteran, most recently serving as a regional director of sales for JQH Hotels and Resorts, servicing 13 hotels on the West Coast.

REAL ESTATE RECAP

Methodist Pays $22.5 Million for Germantown Facility

7945 Wolf River Blvd., Germantown, TN 38138, Sale Amount: $22.5 million -
Methodist Le Bonheur Healthcare has bought the Germantown Multispecialty Center at 7945 Wolf River Blvd. for $22.5 million from UT Medical Group Inc.

LOCAL COLUMNISTS

Here’s to Memphis Made

THIS SEASON, RAISE A GLASS TO US. “Have a beer. When you can find something we can all agree on, something we can all be proud of, something unifying, you should drink to it. Seriously. Drink to it.”

Social Media Fails of 2013

Social media is a terrific opportunity to engage with the marketplace and build brand loyalty. Unfortunately, along with the reward comes risk. When a social media campaign backfires, your failure can be quite public.

The Healing Continues

With another successful earnings season in the books, earnings news will move to the backburner for financial market observers. In the midst of this earnings vacuum, economic news moves to the forefront, as investors try to determine if the strong earnings will be sustainable via a healing economy. Or, if the economic support is beginning to deteriorate, perhaps earnings have peaked.

More on Unwanted Calls

Last week, I thanked all who had weighed in on the issue of stopping unwanted calls from marketers. One contributor (“Tanya”) sent me what was represented as something that had helped “cut down on phone calls to me.”

Don’t Lose Your Investment Balance

Ray’s Take What’s the right portfolio balance for you? There are no stock answers (no pun intended). The makeup of your personal stock, bond and investment portfolio balance is as individual as your fingerprints. It depends on your age, the number of kids you have, your fixed and discretionary costs, your income, risk tolerance, your health, your spending habits, and much more – not to mention your specific financial goals.

Civil Rights Museum Successes

“To everything there is a season and a time to every purpose under the heavens." This is the biblical quote Beverly Robertson, president of the National Civil Rights Museum used to begin our conversation.

Revenue Model Innovation Exercise

One generative exercise for any CPG company to explore growing market share is hold a session where a team role-plays a wide array of alternative revenue models for a particular brand.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 87 87 14,804
MORTGAGES 80 80 19,410
FORECLOSURE NOTICES 0 0 3,796
BUILDING PERMITS 0 0 35,330
BANKRUPTCIES 58 58 14,092
BUSINESS LICENSES 22 22 5,013
UTILITY CONNECTIONS 99 99 21,532
MARRIAGE LICENSES 37 37 4,594

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The Memphis News: Business, politics, and the public interest.