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VOL. TMN-7 | NO. 31 | Saturday, July 26, 2014
Weekly Issue

‘Drive for Progress’

New Memphis Institute pushing to improve city's future

There’s a duality of meaning implied in the name of the civic organization where Nancy Coffee serves as president and CEO.

Editorial: City Needs Better Ways to Attract, Retain Talent

Perhaps there is a new type of metric we should be exploring in our effort to draw and retain those in their 20s and 30s to make Memphis their city.

Contract Signed to Purchase Tennessee Brewery

A contract has been signed with a buyer for the Tennessee Brewery, saving the historic structure from the wrecking ball, according to a representative of the brewery’s ownership.

EMPHASIS Construction

Critical Decisions

Early construction planning integral for Crosstown to succeed

For the team behind the pending redevelopment of the massive Sears Crosstown property to reach its goal of maximizing the participation of women- and minority-owned businesses, it needed to make a crucial decision early in the planning process.

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EVENTS

American Red Cross will hold a blood drive Saturday, July 26, from 11 a.m. to 3 p.m. at Champion Hills at Windyke Apartment Homes, 3788 Links Drive. All blood types, especially O negative, B negative and A negative, are needed. Visit redcrossblood.org or call 800-733-2767 for donor requirements and appointments.

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Lot Shortage Poses Next Roadblock

Local homebuilders say a dearth of developed lots is slowing down the new housing rebound, weighing down an industry still trying to drag itself out of the rubble left by the worst recession in decades.

Contractors See Bright Days Ahead

After slogging their way through the deepest economic slump in more than 60 years, Memphis area contractors say the near future looks much brighter than the dark days of the recession and its immediate aftermath.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: July 25-31

2010: The body of Lorenzen Wright was found on a back road near a wooded area known as Callis Cutoff near Hacks Cross Road. Wright, center and power forward for the University of Memphis basketball team who played professionally for the Los Angeles Clippers, Atlanta Hawks and Memphis Grizzlies, was last seen July 18.

Civic Celebration

Frayser Day to showcase area’s unique urban-suburban dynamic

Shep Wilbun describes “Frayser Day” as “MEMfix on steroids,” referring to the efforts by the Mayor’s Innovation Delivery Team to reanimate business districts or blocks in several parts of the city.

Partial Trolley Service Could Be on Road to Restoration

The Memphis Area Transit Authority has identified five trolleys that it is repairing and could have back in limited service in three to six months, probably on the Main Street line.

Supporters Still Racing to Save Brewery

At the conclusion of the Tennessee Brewery Untapped temporary activation project, supporters of the event were greeted June 1 with a message on the group’s Facebook page that both thanked participants and bid them farewell.

Music Lounge to Open in Edge District

The Edge District near Downtown lost a theater but is gaining a new live music lounge in August.

Democratic Sample Ballot Omits Some Names

Not every candidate who claimed the Democratic nomination in the May county primaries is on the Shelby County Democratic Party’s endorsement ballot that hits the streets this week.

Wharton Sticking to Budget Plan Without Tax Hike

Memphis Mayor A C Wharton Jr. knows there’s a push coming for a city sales tax hike referendum to reverse health care insurance cuts approved by the Memphis City Council in June.

Building Community

Grace-St. Luke’s teams up for first GraceBuilders House

Over a recent weekend, around 30 members of Grace-St. Luke’s Episcopal Church descended on a home in the Northwood Hills community just north of Raleigh.

Sales Tax Push Continues in City Debate

The idea of a sales tax hike referendum in November to fund a restoration of cuts in city health care insurance benefits keeps rolling.

Regional One Health Expands Footprint

In the last year, Regional One Health has added about 100 employees and its new name.

Supreme Court Justices Make Campaign Push

Among the candidates going door to door in Memphis this summer looking for votes was a Tennessee Supreme Court justice.

TheGRIND Evolves as First Anniversary Approaches

The one-year anniversary is approaching for theGRIND, a digital publication that launched in January to bring its own take on covering the people, places and events of Memphis.

Chamber Launches PILOT Education Campaign

Memphis economic development officials wasted little time launching an information campaign about Memphis and Shelby County’s primary business incentive program.

Rising Up

Goal Card program boosts South Memphis students’ success

Adrienne Johnson remembers being stalked. It was actually a good thing. “I grew up in a single-parent home,” said Johnson, 35, today a financial analyst at International Paper and one of IP’s mentors in the RISE Foundation Goal Card program. “I was the first in my family to go to college. It was unrealistic (to attend college), not something I envisioned at all.”

Survey: Graduates Should Return to Memphis After School

Measuring economic sentiment among consumers at any given moment in time involves looking at specific data points and how consumers feel about those sets of numbers and facts.

Pre-K Funding Approved as Commission Term Nears End

With two meetings left in their current four-year term, Shelby County commissioners – those going off the body and those remaining – are making final pushes for items on their personal political agendas.

Cohen-Wilkins Campaign Gets Personal

In hard-fought political races, candidates try to disrupt the game plan of their rival, change the rules of the contest to their own liking and control the campaign’s narrative.

FedEx Could Face $1.6 Billion Fine for Drug Shipments

Starting around 1998, Internet pharmacies – some of which did not require a doctor’s visit or prescription – began proliferating online, turning a corner of the Web into a black market bazaar for prescription pills.

Busy Street

Cafe Pontotoc latest development along bustling South Main

Evidence for the attractiveness of Downtown’s South Main neighborhood can be found in any of several corners.

French Fort Plan Calls for $150 Million Development

What would begin as 67 apartments in the former U.S. Marine Hospital and nurses’ quarters on the northern edge of the French Fort neighborhood would grow in phases to a $150 million development south of E.H. Crump Boulevard, according to a plan unveiled over the weekend.

Beale Street Landing Looks Beyond Early Curiosity

The Riverfront Development Corp. is filling in a calendar of events at the newly opened Beale Street Landing that stretches into the fall and demonstrates the role of programming in holding the larger public’s interest beyond those coming to the landing now out of curiosity.

Biller Looks to Minority-Business Law Practice

After 45 years practicing law in big firms, medium-sized firms and his own small practice in Memphis, Stephen Biller watched as the issue of minority business development and minority contracting surfaced again locally this spring.

First Horizon Reports Positive Quarter

For the second quarter of its 150th anniversary year, the Memphis-based parent company of First Tennessee Bank reported growth in profit as well as increases in loans, while continuing to reduce the drag of the mortgage business the company sold in 2008.

I Choose Memphis: Hillary Quirk

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.

SPORTS

Tigers Seek Consistency From Goodwin, Nichols

Last season, any basketball doctor examining the state of the Memphis Tigers would have started by taking the pulse of the backcourt.

Grizzlies Promote Wexler to Business Operations President

The Memphis Grizzlies have promoted Jason Wexler to president of business operations of the team and FedExForum.

Eve Didn’t Poison Toomer’s Corner Trees

Justin Fuente again did football-obsessive mankind a favor this summer with his annual women’s clinic.

MEMPHIS NEWSMAKERS

McKinney Named Branch Manager at Waddell & Reed

Mack McKinney has been promoted at Waddell & Reed to district branch manager for the Memphis area. McKinney has been with the financial advisory firm for five years, holding management positions for four of those years.

REAL ESTATE RECAP

Knowledge Tree Buys Cordova Retail Center

8195 Dexter Road, Memphis, TN 38016, Sale Amount: $1.3 million -
An affiliate of the Knowledge Tree learning center has paid $1.5 million for the 28,575-square-foot shopping center at 8195 Dexter Road in Cordova.

SMALL BUSINESS

‘Clothier to the King’ Lansky’s Back on Beale

You don’t have to get very far inside the door of the new Hard Rock Café at Second and Beale streets to find a reminder of the old Lansky’s clothing store. That is, if you don’t notice the large historical marker outside the building at 126 Beale St.

LOCAL COLUMNISTS

Discriminate at the Ballot Box

DISCRIMINATING TASTE. By all means, discriminate. Refuse to accept some prepackaged deal as the best you can do, some label to be the quality test. In the known, look for proven performance from each individual offering, standing alone, not just part of some group menu. In the unknown, demand fresh and bold, the promise of new and interesting interpretations from old and predictable ingredients.

When Education Falls Short

One of the chief complaints I hear from job seekers is that their lousy college education is to blame for their poor career success. Whether they went to the wrong school or got the wrong degree, the person wishes they could turn back time. They consider going back to school as a road to success.

Develop Interests Before Retirement

Ray’s take: Retirement success is not automatic. It takes planning – and not just financial planning. According to a study by University of Missouri – Columbia, couples should plan for retirement, both financially and socially, and consider the changes that may occur in their relationships and day-to-day activities.

Pairing Off

“Got a pair of nickels for a dime?” “Sure. Here you go: 5, 10, 15 cents.”

Right-Brained Reps in Left-Brained World

According to Albert Einstein, the definition of insanity is “doing the same thing over and over again and expecting a different result.” Yet it’s all too common for sales managers to feel like they’re beating their heads against the wall trying to get their sales reps to follow established processes to manage orders and track progress. It can be frustrating for both sales managers and sales reps alike.

Teach for America Leverages Start Co. Resources

Education reform has been alive and well here in Memphis over the last few years. There have been many great initiatives established to secure dollars and establish programming to move our youth forward. As always, I am thinking of scale, sustainability and innovation to stay relevant.

Are Fundraising Fables Getting in Your Way?

Why is it so hard to retain fund development professionals? That’s the polite version of the question that has executive directors pulling their hair out and nonprofit board members wondering “what’s going on?”

Time to Invest in Emerging Markets?

Emerging markets are a group of countries that are in the process of developing both their infrastructure and economic system.

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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.