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VOL. TMN-6 | NO. 6 | Saturday, February 2, 2013
Weekly Issue

Filling the Voids

Stakeholders look to redevelop handful of city’s numerous empty eyesores

Last year was a banner year for adaptive reuse projects in Midtown and Downtown.

Hope Emerges for Filling Empty Spaces

When The Pyramid reopens as a Bass Pro Shops later this year or early next year, it will be the only adaptive reuse of an arena in the country that is not a church.

Fields Gets 37-Year Sentence In Petties Case

Demetrius Fields, a high ranking member of the Craig Petties drug organization, drew the longest jail term yet as those convicted in the largest drug case ever brought in Memphis federal court continue to be sentenced.

Smith & Nephew Reduces Workforce

Smith & Nephew eliminated nearly 100 jobs in Memphis and Andover, Mass., on Thursday, Jan. 31, as the medical device company cuts expenses in an effort to offset tax hikes included in the Affordable Care Act.

Pinnacle Departure Brings Real Estate Challenge

Pinnacle Airlines Corp.’s relocation of its Memphis headquarters to Minneapolis by May should have long-term leasing effects on the Downtown office market.

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EVENTS

Nike Inc. will host construction symposiums for locally owned small, women-owned and minority businesses Thursday, Feb. 7, and Friday, Feb. 8, from 2 p.m. to 4 p.m. at the U of M Cecil C. Humphreys School of Law, 1 N. Front St. Attendees will learn about construction opportunities at Nike’s Memphis expansion. R.S.V.P. to Brenda Montgomery at bmontgomery@memphischamber.com or 543-3500.

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Charting the Course

Haslam maps out path for third year in office

Going into his third year as Tennessee governor, Bill Haslam has redrawn some political lines as he has worked toward an ambitious restructuring of state government and the way it works.

Hopson Calls for Unity in Schools

Once countywide school board members finished Tuesday, Jan. 29, posing for a picture with outgoing Memphis City Schools superintendent Kriner Cash, the board quickly got back to the emerging details of the coming schools merger.

Stephenson to Keynote Women & Business Seminar

Susan Stephenson, CEO and co-founder of Independent Bank, has enjoyed a long and successful career in banking.

Opera Memphis Becoming ‘Test Lab’ for Larger Companies

In the middle of what might be its most experimental season yet, Opera Memphis is attracting curious on-lookers in companies around the country.

Archer-Malmo Grows Again With Lease Expansion

Archer-malmo has inked an additional 3,000 square feet in the Cotton Exchange Building, bringing its total footprint in the historic 12-story Downtown tower to 41,277 square feet across six floors.

Creative Space

Arts orgs, local artist setting up across from Sears Crosstown

By the time Crosstown Arts occupies space in the 1.5 million-square-foot Sears Crosstown building, it will have completed a solid test run of promoting arts-based community and economic development in Midtown.

District Attorneys Outline Wish List

The Tennessee District Attorneys General Conference’s legislative agenda for the new session of the Tennessee General Assembly includes a focus on children, sentencing guidelines and the fight against drugs.

Healthy Church Challenge Tackles Obesity Epidemic

BlueCross BlueShield of Tennessee’s second annual Healthy Church Challenge 100-day weight loss competition for churches in West Tennessee is set to get under way on Saturday, Feb. 2.

Baptist to Highlight RN to BSN Program

The Baptist College of Health Sciences is gearing up for a series of open houses over the next several months, with the first set for this Saturday and open to all prospective students. The following three open houses on Feb. 7, April 4 and June 6 will be designed specifically for people interested in the college’s RN to BSN (Registered Nurse to Bachelor of Science in Nursing) program, which is tailored for working adults. Students can complete their baccalaureate degree in 12 months.

‘Positive Experience’

Beauty pageant directors, participants work to change public perception

Do not mention the reality TV show “Toddlers & Tiaras” to pageant producer Renee Horvath of Millington.

Loeb: City Should Increase Investment in Urban Core

The relevance of Overton Square is that it’s one of many initiatives the city has in place to make Memphis a better place and a city of choice for the millennial generation.

Bishop Byrne Will Close, Merge With Memphis Catholic

Memphis Catholic Bishop J. Terry Steib likens the coming changes in two well-known Catholic schools with long histories to a nova.

Commission Debates Post-Hostess Bread Prices

Shelby County Commissioners approved a $251,958 contract with a Batesville, Ark., bakery that at least for now has a perceived monopoly on baking and distributing large amounts of bread in the region.

Saint Blues Guitar Workshop Launches Line

Saint Blues Guitar Workshop is launching a new line of affordable, made-in-Memphis guitars.

Tech Talk

Lunches, meetups add to growing startup scene

It is a pleasant lunchtime hour on a recent weekday, and a small gathering of technologists has huddled at Panera Bread in the Laurelwood shopping center for their monthly confab.

Cash Talks of ‘Perfect Storm’ During Reform

Kriner Cash says there were big “distractions” that began just before he became Memphis City Schools superintendent four-and-a-half years ago that created a “perfect storm” for his efforts to “transform” the school system.

Gore to Promote Book in Memphis Appearance

Al Gore is coming to Memphis next month to promote his new book, “The Future.”

Beale Bankruptcy Terms Nearly Done

A federal bankruptcy court judge has adopted a settlement on the bankruptcy case involving control of the Beale Street Entertainment District.

‘Memphis Enthusiast’ Ham Honored by Advertising Federation

Phrases used to describe Cynthia Ham at the Thursday, Jan. 24, American Advertising Federation Memphis meeting included “the Memphis enthusiast,” “the art-aholic,” “the hostess/entertainer,” “a local celebrity” and even “a pushy broad.”

SPORTS

Ravens’ Cox Long Snaps Way Into Anonymity

There’s more than one way to reach the big game.

Time to Ease Up on PDA With C-USA

Josh Pastner adores Conference USA. If he were to put this sentiment to music, he would pick up a guitar and sing C-USA-inspired tributes such as “Hard to Love” and “You Don’t Know Her Like I Do.” As it is, he will send Valentine’s Day roses and chocolates to the league’s administrative offices in Irving, Texas.

MEMPHIS STANDOUT

Johnson Honored by U of M With Authur Holmon Award

If Cato Johnson ever decided to leave his position as senior vice president of corporate affairs at Methodist Le Bonheur Healthcare, he could quite possibly become an epic spokesperson for an energy drink. A healthy one, that is.

MEMPHIS LAW TALK

Bailey Finds Ideal Job With Community Legal Center

At the beginning of January, Johnna Bailey began work as immigration attorney for the Community Legal Center, a resource for the working poor.

MEMPHIS NEWSMAKERS

Gowen Named Marketing Head at Renshaw Property Management

Kellyn Gowen has joined Renshaw Property Management as marketing coordinator. In her new role, Gowen manages social media, marketing and communications for the company’s 800 Mid-South rental properties, serves as a liaison for property owners and real estate agents, and spearheads marketing efforts for vacant properties.

REAL ESTATE RECAP

Quince Fred’s Super Dollar Sells for $2.1 Million

6500 Quince Road, Memphis, TN 38119

LOCAL COLUMNISTS

It’s Personal

IT’S NOT BUSINESS ANYMORE. IT’S PERSONAL. This is our town, and you’re not welcome here.

It’s All About Commitment

Part two of a two-part series Commitment is at the heart of all successful nonprofit fundraising. It needs to be developed and sustained. It starts with the organization’s leadership – the executive director or CEO, board members as well as leadership level employees and volunteers. The purpose and vision for proposed fundraising needs to be carefully discussed by these parties, ideally through one-on-one conversations with time for challenging questions and clear answers.

Count On Rising Health Care Costs

Ray’s Take Think you have your retirement plan figured out? Here’s a sobering report: Fidelity Investments recently predicted that a 65-year-old couple that retired in 2012 would pay $240,000 for health care over the remainder of their lives. Those are expenses in addition to costs covered by Medicare under existing legislation, which could change.

‘Judge-Sicle’ Murder Mystery Thrills to the End

How could I not read the latest David Rosenfelt novel, “Airtight?” How could I not?! The author’s very publicist himself sent me an advance reading copy, asking that I do so. That, plus the book starts out with the murder of a judge, and I obviously want that case cracked, right?

Super Bowl Ad Preview

The victory of the Ravens or the 49ers won’t be all people are talking about after the Super Bowl. After all, there are the commercials, and considering 110 million viewers are anticipated for this year’s football matchup, it’s no wonder advertisers pony up big bucks. Thirty-second spots went for $3.8 million to $4 million this year – an all-time record, up from $3.5 million in 2012.

Growth Capital Wasteland

Capital makes the world go round – or at least it used to before the recession and our new economic reality took hold. Enacting growth strategies is difficult without capital to invest. This is certainly true for early stage companies that need enough runway to get the business off the ground and then gain momentum to cash flow the business.

Take Stand With Positives

Last week we discussed DeNeuville Learning Center, which is an organization that is working to assist women of all backgrounds and cultures in learning the skills needed to make positive choices for themselves and their families. This week let us highlight the importance of infusing positive energy into our community and being intentional to share hope-filled and uplifting stories, like those of our everyday heroes, who are leading by example to strengthen the Mid-South.

Immigration Reform on Horizon

November’s presidential election clarified a need for bipartisan immigration reform; Republican intransigence on this issue melted away as they watched about 71 percent of Latinos vote in favor of the Democratic candidate.

Goal for a Life Well-Lived

Lately I’ve talked with several people who were struggling with the question, “What is the goal of life?” Those of you who know me personally might remember that I have a daughter in college. Therefore, you might be thinking I’ve been talking with young students home for the holidays. Nope – most people pondering this question were adults well into their careers.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 87 87 14,804
MORTGAGES 80 80 19,410
FORECLOSURE NOTICES 22 22 3,817
BUILDING PERMITS 142 142 35,472
BANKRUPTCIES 62 62 14,096
BUSINESS LICENSES 62 62 5,053
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.