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VOL. TMN-7 | NO. 24 | Saturday, June 7, 2014
Weekly Issue

Game Changer

Dorsey Hopson keeps busy in first year and a half as schools leader

One educator’s reform is another educator’s wrong move.

Editorial: Lessons Remain With Schools Transformation

When enough time has passed, the story of the historic changes in public education underway in Shelby County will let us know what worked out and what didn’t.

EMPHASIS Financial Services

Touch of History

First Tennessee gives customers a look at its 150-year past

For its 150th anniversary, First Tennessee Bank didn’t want to only blow out the candles, so to speak.

Regions Partners in Inner-City Business Program

To use a metaphor to illustrate the purpose of a new program to help inner-city businesses in Memphis grow, the program represents the difference between focusing on rowing your boat and scouting the horizon for a new port to direct your boat toward.

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Floyd Part of Relationship-Driven Team at Magna

Banks may tout with increasing frequency their facility with the array of digital tools available today, but there is a downside to that trend as financial institutions race to catch up with their more mobile-oriented customers.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: June 6-12

2013: The Memphis Grizzlies announced they would not renew the contract of Lionel Hollins as coach of the NBA team following the Grizzlies’ best year in franchise history. Some Grizzlies fans rallied in Tom Lee Park in support of a new contract for Hollins.

Local Connection

Memphis Jams on Beale to showcase area bands at Handy Park

When The Chinese Connection Dub Embassy takes the stage in Handy Park on Beale Street Friday, June 6, the band’s reggae beat and style will be something new for a park that has seen everything from church choirs to jug bands to blues bands playing “Mustang Sally” and similar hits for tourists.

Untapped Proved Passion for History

Once the last of the food trucks departed, the tables and chairs were packed away, the beer garden cleared out and supporters exited through the courtyard archway a final time, the Tennessee Brewery returned to what it’s been for decades.

Autobahn Garage Owner Looks to Sell

It was 1975 when Brian Ragghianti moved into the automobile service center shop at 2218 Central Ave., better known as the Autobahn Garage.

Budget Changes Include Cooper-Young Garage

A Cooper-Young parking garage and a pool of capital funding divided equally among the seven Memphis City Council districts are the two biggest ticket items in the way of still-tentative budget amendments proposed by council members.

‘Alive and Well’

South Main continues rise from dead with $100 million in investments

The diverse crowd that typically gathers for South Main Historic Arts District Trolley Night – from hipsters in skinny jeans to residents who enjoy the monthly celebration of their neighborhood to others drawn to see what the fuss is all about – featured several hundred ghastly additions in May.

Council Takes First Steps on Pension, Insurance

The first votes by the Memphis City Council this week on righting the city’s financial affairs were tentative steps, making it hard to predict whether there will be seven votes to pass dramatic changes in city pensions and health care insurance.

Luttrell, Malone Clash on Pre-K Expansion

The top two contenders for Shelby County mayor had the closest thing yet to a debate Monday, June 2, on budget priorities.

Bailey Continues Call for Shelby Farms Development

Walter Bailey is the only serving Shelby County Commissioner who was part of the 1970s debate on the commission about what to do with the farmland that was the old Shelby County Penal Farm.

Teeing Off

Grizzlies players, former coach talk hoops at golf tourney pro-am

Everyone was in a good mood. Not just normally affable Grizzlies players Mike Conley and Mike Miller, but former Grizzlies coach Lionel Hollins and Pro Football Hall-of-Famer Jim Brown, a couple of hard-nosed throwback types.

Crye-Leike Removes Some Listings From Websites

Memphis-based Crye-Leike Realtors Inc. is pulling its Little Rock and Hot Springs, Ark., listings from Zillow.com and Trulia.com, two of the Web’s biggest third-party listing services.

Council to Discuss Retirement Plan Changes

Memphis City Council members begin moving Tuesday, June 3, toward the first of three votes on a quartet of ordinances that would fundamentally change health care and pension benefits for city employees.

MIFA Debuts Resource for Long-Term Care Needs

The Metropolitan Inter-Faith Association has operated a Long-Term Care Ombudsman program since 1996.

Reaching People

Resource Entertainment Group celebrates 10 years of event planning

The crowds that each week turn out for Thursdays Squared, the new entertainment event in Overton Square’s Tower Courtyard, are a testament to interest in the square and to its resurgence as an entertainment hotspot.

U.S. Senate Primaries Feature Different Realities

The statewide primary races for U.S. Senate on the August ballot feature the longest and best-known political back story in Tennessee politics and competing realities about what it takes for Democrats to end their shutout in statewide offices.

Cohen Touts Ability to Represent District

U.S. Rep. Steve Cohen told political supporters over the weekend that he expects the 9th Congressional district Democratic primary race with attorney Ricky E. Wilkins to involve a lot of mud slinging.

Plough Grant Requires All Rape Kits Be Tested

Before they agreed to put up $750,000 toward funding the disposition of the city’s untested rape kit backlog, leaders of the Plough Foundation wanted assurances that the city would process every rape kit.

Southbrook Mall Concept Goes to Public Hearings

As city Housing and Community Development Director Robert Lipscomb began talking in the gym of the Whitehaven Community Center last week, he could see the Pepper Tree Apartments on the other side of Graceland Drive.

SPORTS

Finals Presents Intriguing Question About Coaching

So if the Miami Heat win a third straight NBA championship, it’s all about LeBron James and a cast of future Hall-of-Famers that includes Dwyane Wade, Ray Allen and, in a lot of people’s view, Chris Bosh.

SEC Network Poised to Take Over

Wading in … and wondering what an eventual deal between the SEC Network and DirecTV will mean for me. Will my bill go up 10 percent? Fifteen percent? Twenty percent?

NEWSMAKERS

Redmont Joins HORNE as Tax Consulting Manager

Richard Redmont has joined HORNE LLP as a tax consulting manager. Redmont, a certified public accountant, has more than 25 years of tax and consulting experience with international firms in the accounting and insurance industries, and has served clients in the manufacturing, retail, distribution, health care and financial services industries. He also served on a national Sarbanes-Oxley team for an international firm.

REAL ESTATE RECAP

Perkins Hotel Sells After Foreclosure

2700 S. Perkins Road, Memphis, TN 38118, Sale Amount: $2.2 million -
The Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has sold for $2.2 million following a first-run foreclosure notice filed earlier this year.

SMALL BUSINESS

Curb Appeal’s Greg Black Has Roots in Landscaping

Greg Black sits down on some outdoor furniture on the patio of a client in South Bluffs. He is wearing a short-sleeve, green, polo-style shirt that bears his business’s name – Curb Appeal – and blue jeans and boots.

LOCAL COLUMNISTS

I’ll Be Back

MEMPHIS FROM THE BEACH. I’m on vacation, but I’ll be home soon, and here are some thoughts about that I first shared a couple of years ago.

Conquering Rumors

It seems that every week there’s another rumor. Some big corporation is going to lay off its employees. A company’s going to relocate to another city. A department is going to be restructured.

Homeownership: Still the American Dream?

Ray’s take: There was a time when owning a home was a key factor in achieving “The American Dream.”

Little Rock Film Festival Shines

The latest version of the Little Rock Film Festival was the best yet. Ask anyone who gathered at the Old Statehouse Sunday, May 18, for the Awards Gala. The enthusiasm of the filmmakers was infectious.

Marketing Lessons From Startups

Having spent the lion’s share of my career marketing national corporations, I would certainly say there is a science to marketing at that level and the better brands market like well-oiled machines. Opening my own business eight years ago, however, and partnering with countless startups through those years, I’ve also learned there’s a thing or two startups can teach the big boys about marketing.

What’s Up With Low Rates?

As 2013 drew to a close, investors bid up “risky” assets and sold “safe” assets in anticipation of a robust 2014. “Risky” stocks rose 30 percent and the “safe” 10-year Treasury bond lost 4 percent.

Glaucoma’s Effects Have Broad Reach

In today’s realm of eye care, ocular health care providers cannot discuss ocular diseases without the mention of glaucoma.

The Important Role of Requests for Proposals

Nonprofit organizations often secure the services of fundraising related consultants and contractors to support operations and growth. Services may be needed to supplement the expertise of current staff, to add specific skill set for a limited amount of time, or because it is more cost effective to contract for services than to hire full-time employees.

Enroll the Skeptics Early

After working on hundreds of innovation projects, one fact remains. If you cannot get executive sponsorship of the final concepts, they will never launch. We recommend a few steps to get leadership engaged in solving the problem with you as part of the process; therefore, they will feel invested in the outcome of the innovations in the marketplace.

Life’s Many Graduations

Delivering a commencement speech is the easy part. Writing one is more difficult. It take years, if not decades, to understand what it take to survive, to succeed, to thrive, to find your passion, to encourage others, and to understand that the things that go wrong often lead to the things that go right.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 156 11,921
MORTGAGES 77 227 15,577
FORECLOSURE NOTICES 15 57 3,080
BUILDING PERMITS 222 606 28,832
BANKRUPTCIES 82 210 11,517
BUSINESS LICENSES 23 73 4,228
UTILITY CONNECTIONS 87 339 17,522
MARRIAGE LICENSES 18 61 3,625

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