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VOL. TMN-6 | NO. 48 | Saturday, November 23, 2013
Weekly Issue

Team Players

Cardinals, Redbirds leaders look for deals with city for AutoZone Park

The key players, from Memphis Mayor A C Wharton Jr. to St. Louis Cardinals chairman and CEO Bill DeWitt Jr., grabbed the microphone at an invitation-only rally held on the club level of AutoZone Park and made their best pitches.

Editorial: Common Sense Says Ballpark Deal is Bad

The good news is the St. Louis Cardinals want to buy the Memphis Redbirds.

THE MEMPHIS NEWS ALMANAC

November 22-28: This week in Memphis history

2012: U.S. District Judge Samuel “Hardy” Mays ruled the six suburban towns and cities in Shelby County had to stop their movement toward suburban school districts, voiding the moves they had made to date toward the goal.

Millington Schools Pact Makes Fifth So Far

Millington leaders and Shelby County Schools officials reached tentative agreement Friday, Nov. 22, on a plan that includes the transfer of four school buildings in Millington to the still forming Millington municipal schools system.

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Local Weather
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Memphis, TN
73°F
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Wind: 8 mph
Humidity: 84%

EVENTS

Shelby County Trustee David Lenoir and the Delta Sigma Theta Memphis Alumnae Chapter will hold “Home for the Holidays: A Housing and Economic Empowerment Collaborative” Saturday, Nov. 23, from 8 a.m. to 2:30 p.m. at Hickory Ridge Mall, 6075 Winchester Road. The event will include a small-business resource center, legal clinic, Homebuyer’s Corner, H.O.M.E. financial literacy and budgeting workshop, and more. Visit memphisalumnaedst.org.

more events »

Drexel's Shockey Named Chamber Chairwoman

The Greater Memphis Chamber has named a new chairwoman, and it soon will have a replacement for its outgoing president and CEO – with the odds likely favoring a local hire.

Connection Complete

Opening of eight-mile stretch finishes long-awaited Tenn. 385

State and local officials will cut the ribbon on the last piece of Tenn. 385 on the morning of Friday, Nov. 22, and the eight-mile stretch of road will open to motorists later in the day.

Kennedy’s Memphis Presence Felt 50 Years Later

There once was a monument in a Memphis park that marked the spot where President John F. Kennedy had stood during a visit to the city in 1960 as he campaigned for the presidency.

Leases Push Renaissance Center Near Capacity

The Renaissance Center office building in East Memphis should be near capacity early next year, following a series of recent lease signings.

Bartlett, Collierville Reach Tentative Schools Deals With County

There are now four tentative agreements between Shelby County Schools and suburban leaders for the formation of suburban school districts.

Memphis Airport Adds Free Wi-Fi

Memphis International Airport continues to add new customer-friendly amenities this year, including the introduction Thursday of free Wi-Fi service throughout Terminals A, B and C.

Flipping the Switch

United Housing debuts eco-friendly homes in Wolf River Bluffs

Tim Bolding, executive director of United Housing Inc., had become increasingly interested over the years in energy efficiency, sustainability and alternate energy sources when he saw homes in New Orleans being rebuilt with solar panels.

Lafayette's Music Room Returns to Overton Square

Some 38 years after it closed, the Lafayette’s Music Room brand is returning to a revitalized Overton Square.

Council OKs Crosstown, Debates Schools Lawsuit

Memphis City Council members approved the Crosstown planned development Tuesday, Nov. 19, marking the latest move through local government for the $180 million project with construction scheduled to begin late this year or early next year.

River Inn Reopens Terrace With Full Year as Goal

The River Inn, the boutique hotel on Mud Island that opened in 2007, has reopened its upper-level terrace after making some changes designed to add even more comforts for the hotel’s guests.

Mid-South Fair Leaders Seek Memphis Return

The president of the Mid-South Fair says the nonprofit organization wants to return to Memphis.

Childcare Options

Busy Memphis families find nannies as good alternative

When most people hear the word “nanny,” they probably think of Mary Poppins or Fran Fine or some other fictional character employed by incredibly wealthy people.

Arlington and Lakeland School Pacts Get Unanimous Approval

The Shelby County Schools board approved unanimously Tuesday, Nov. 19, agreements to sell four school buildings and material in those school buildings to the forming Arlington and Lakeland municipal school systems.

Medtronic Revenue Rises; Spine Business Sags

Medtronic Inc. on Tuesday announced increased net income company-wide, while business at its Memphis-based spine division sagged.

Elvis’ Intellectual Property Rights Sold

Authentic Brands Group, a New York City intellectual property corporation, has bought Elvis Presley’s intellectual property and the right to operate Graceland from CORE Media Group, becoming the latest of four companies to own a majority share in the intellectual property assets of the late Memphis entertainer.

AutoZone Caps Milestone 2013 With Record Results

Not only is AutoZone Inc. an earnings machine, but the company continues to generate results other public companies might have reason to envy.

Commission Begins Debate on Pay for Elected Offices

Shelby County Commissioners voted Monday, Nov. 18, to keep their annual pay at $29,100 for the term of office that begins Sept. 1, 2014, after the August county general elections.

UTHSC’s Chisholm-Burns Honored by Pharmacists Society

Dr. Marie Chisholm-Burns has been busy in her first two years as dean of the College of Pharmacy at the University of Tennessee Health Science Center.

Early Advantage

Urban Child Institute message spreads in Pink Palace exhibit

Talk, touch, read and play.

Holiday Inn Launches Brand Awareness Campaign

Holiday Inn, the iconic hotel chain that launched in Memphis more than 60 years ago and went on to become an international mega-brand, wants customers to change their view.

Elkington, Harris Talk of Beale Street Nonprofit

The next manager and developer of the Beale Street entertainment district should be a nonprofit entity similar to the Downtown Memphis Commission that focuses on improving the district and planning for its expansion, according to longtime Beale Street developer John Elkington and Memphis City Council member Lee Harris.

Alzheimer’s Groups Paint Memphis Purple

November is Alzheimer’s Disease Awareness Month, and the Alzheimer’s Association’s local chapter and assisted living facilities such as The Gardens of Germantown Memory Care want to paint the town purple to raise awareness about the deadly, irreversible disease.

Christ Community Opens Women’s Health Center

The two health care providers that competed two years ago for Shelby County government’s family planning services contract now have facilities in the same block of Poplar Avenue east of East Parkway.

TruGreen’s Issue was Keeping Customers

The ServiceMaster Co.’s TruGreen lawn-service division has at least 300,000 fewer customers than it did two years ago, just before the Memphis-based commercial- and residential-services provider began seeing a decline in TruGreen’s numbers.

SPORTS

Time for Tigers to Back Up Words

Looking back at a few quotes from the once 11th-ranked Tigers at their preseason media day, in light of the embarrassment that was their recent 101-80 loss to No. 7 Oklahoma State:

Don’t Take Ballpark, Team for Granted

Way back in the 1990s, when Downtown Memphis was The Peabody hotel and a bus station and not much more, Memphis Redbirds founder Dean Jernigan went on a tour of major-league ballparks.

MEMPHIS STANDOUT

Pote Builds Bridges Through Seedco Community Work

Seedco is a national nonprofit whose mission statement since 1987 has been “to advance economic opportunity for people, businesses and communities in need.”

MEMPHIS LAW TALK

Darker’s Diverse Background Translates Into Right Career

Legalese is the formal language of the law that comes across as gibberish to those without a juris doctorate. For attorney Tatine Darker, though, it’s just one more etymological arrow in her quiver of languages.

MEMPHIS NEWSMAKERS

Gonitzke Named CEO of National Foundation for Transplants

Connie Gonitzke has been appointed president and CEO of the National Foundation for Transplants. Gonitzke joined the Memphis-based organization in 2002 as a patient advocate. In 2006, she was named director of resource development, and in 2008, she became the senior vice president of development.

REAL ESTATE RECAP

Wenco Files Construction Loan for Volvo of Memphis

7910 Trinity Road, Cordova, TN 38018, Loan Amount: $4.2 million -
Wenco Properties LLC has filed a $4.2 million construction loan through Wells Fargo Bank for the Volvo of Memphis dealership it is building at 7910 Trinity Road in Cordova.

LOCAL COLUMNISTS

Our Kind of Street

A DIFFERENT KIND OF ADDRESS. The sticker on the door of Elwood’s Shack – sort of on Summer and sort of in Lowe’s parking lot – said “Summer Ave. is my Poplar.”

How to Handle Your Child’s Financial Trouble

Ray’s Take You’ve finally reached the point where your children are grown and launched, and are looking forward to a secure retirement, or at least a slower financial headwind. Suddenly, catastrophe strikes one of your kids. Should you help, even if it could jeopardize your own future?

Henry VI, Part II Revisited

One of my favorite quotes is from a Shakespearean play: “The first thing we do, let’s kill all the lawyers.” It gets me hot and bothered when people abuse and/or misuse this nugget of literature.

Online Marketing Ideas for the Holidays

December is crunch time for retailers and B2B companies reliant upon crucial holiday sales to hit annual sales targets. In fact, Google reports that 70 percent of consumers wait to make holiday purchases until after Thanksgiving, with the majority conducting at least some of that shopping online.

The Power of Words

We recently had the opportunity to attend a benefit dinner for Facing History and Ourselves as the guests of two long-term supporters. We had a great time. The event was much larger than we had anticipated and we found ourselves in a beautiful room surrounded by people committed to ensuring that students have the opportunity to learn from history and develop the ability to make ethical choices.

End User Holds the Keys

Last week we had Shekhar Mitra, the former head of global research and development for Procter & Gamble in Memphis for a strategy working session with our Southern Growth Ventures portfolio company, Dermaflage. We are very fortunate to have Mr. Mitra on the board, and we asked him to share his innovation model with the team over lunch.

Education That Works is Win-Win-Win Idea

John Adams expressed his thoughts on education saying, “There are two educations. One should teach us how to make a living, and the other, how to live.” His words seem to foreshadow a high school here in Memphis whose mission is to do just that.

Purchasing Power as a Mental Construct

I frequently hear radio ads by mortgage companies touting the importance of “locking in low interest rates,” which will theoretically increase your “purchasing power.”

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 74 312 10,190
MORTGAGES 103 400 13,275
FORECLOSURE NOTICES 0 60 2,598
BUILDING PERMITS 0 562 24,086
BANKRUPTCIES 72 299 9,832
BUSINESS LICENSES 39 110 3,713
UTILITY CONNECTIONS 129 519 14,482
MARRIAGE LICENSES 0 68 3,131

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