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VOL. 128 | NO. 198 | Thursday, October 10, 2013

Crosstown Wins 20-Year Tax Break

The $180 million project to revitalize the Sears Crosstown building won a 20-year payment-in-lieu-of-taxes (PILOT) agreement Thursday, Oct. 10, from the Center City Revenue Finance Corp.

MEMFix Goes South

Block party planned for history-rich Soulsville area

Of the neighborhoods in which the Mayor’s Innovation Delivery Team has been working to build retail and commercial trade, none has the amount of history, turmoil, potential and perception problems found in the two blocks east and west of Mississippi Boulevard and Walker Avenue.

Frontier Airlines Returns to Memphis

Five years after Frontier Airlines’ rapid exit from Memphis International Airport, Frontier executives announced Wednesday, Oct. 9, the discount air carrier will return to town with four weekly nonstop flights between Memphis and Denver starting March 7.

Beale Wins Contest as Most Iconic U.S. Street

When it comes to the character and distinctiveness associated with a city's most famous streets, there's a certain street in the heart of Downtown Memphis that stands above the competition.

Leuer, Davis Provide Bright Spots in Preseason Loss

October makes for some great postseason baseball. But the preseason basketball? Not so great.

Local Weather
Today
Memphis, TN
81°F
Fair
Wind: 6 mph
Humidity: 54%

EVENTS

The Memphis chapter of the American Payroll Association will meet Thursday, Oct. 10, at 11:30 a.m. at the Holiday Inn University of Memphis, 3700 Central Ave. Emily Gregg of the Tennessee Department of Human Resources will present “Tennessee Child Support Program and Employers Working Together.” Cost is $20 for members and $30 for nonmembers. Visit memphisapa.org.

more events »

Overton Square Growth Boosts Indie Memphis

Choosing the right setting is important for a filmmaker’s finished product, so it’s perhaps fitting that the setting is one reason organizers of this year’s Indie Memphis Film Festival are preparing for another big year.

Lipscomb: Fairgrounds Retail to be ‘Market Driven’

Robert Lipscomb, director of the city of Memphis’ Division of Housing & Community Development, says the retail to be part of the city’s Fairgrounds overhaul will not be in competition with businesses in the nearby Cooper-Young Historic District or Overton Square.

Akbari Takes District 91 Democratic Primary

As fewer than 2,000 voters participated in the latest of 11 elections in Shelby County in a three-month span, the independent candidate in the Nov. 21 special general election for state House District 91 filed suit against state election officials in U.S. Federal Court for the Middle District of Tennessee.

Crosstown Funding at Crossroads

The $180 million plan to bring the former Sears Crosstown building back to life with a mix of residential, commercial and retail tenants faces a critical hurdle Thursday, Oct. 10, as the Center City Revenue Finance Corp. considers a 15- or 20-year payment-in-lieu-of-taxes (PILOT) agreement for the project.

MEMPHIS LAW TALK

Lewis Flies Unique Path to Legal Career

When Russell Lewis IV entered the University of Memphis Cecil C. Humphreys School of Law, he had no plans to become a practicing attorney.

LOCAL COLUMNISTS

Lessons of the Great Recession

Ray’s Take This last recession was a real wakeup call for everyone: once secure jobs evaporated, homes values were halved, retirement portfolios surrendered a decade’s worth of gains. It was a painful experience all around.

Pronoun Showdown

Make no mistake about it: When it comes to words, I’m a huge fan!

Take a Deep Breath

Last Monday, as Congress was debating the 97th version of the Continuing Resolution (CR), I decided to watch some of the floor remarks made from Capitol Hill. After about four minutes of viewing, the alarmist nature of the comments about the pending shutdown proved to be three minutes too much for me.

NATIONAL GOVERNMENT

Obama Nominates Yellen to Succeed Bernanke at Fed

WASHINGTON (AP) – In a history-making selection, President Barack Obama nominated Janet Yellen to be chairman of the Federal Reserve, a critical post as the nation continues its fitful economic recovery. If confirmed she would be the first woman to lead the powerful central bank.

Yellen: More Needed to Strengthen the Recovery

WASHINGTON (AP) – Federal Reserve Vice Chair Janet Yellen says more needs to be done to strengthen the U.S. economy. She made her remarks as Obama nominated her to succeed Ben Bernanke as chair of the nation's central bank.

Fed Officials Made "Close Call" on Bond Buys

WASHINGTON (AP) – Nearly every member of the Federal Reserve thought last month that the central bank should see more evidence that the economy was improving before slowing its bond purchases. But worries about whether a delay would confuse financial markets made the decision a "close call."

Poll: No Heroes in Shutdown, GOP Gets Most Blame

WASHINGTON (AP) – President Barack Obama and lawmakers must rise above their incessant bickering and do more to end the partial government shutdown, according to a poll Wednesday that places the brunt of the blame on Republicans but finds no one standing tall in Washington.

HEALTH CARE

Get Covered by Valentine's Day to Avoid Fines

WASHINGTON (AP) – You'll have to get coverage by Valentine's Day or thereabouts to avoid penalties for being uninsured, the Obama administration confirmed Wednesday.

TECHNOLOGY

Global PC Shipments Fall for 6th Quarter in Row

Worldwide shipments of personal computers fell in the third quarter of the year, the sixth straight quarter of decline as cheaper tablet computers and smartphones cut into demand.

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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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