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VOL. 126 | NO. 248 | Wednesday, December 21, 2011

UofM Officially Takes Over Lambuth Campus

AP

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JACKSON, Tenn. (AP) – The University of Memphis has officially taken ownership of the Lambuth campus and a flag-raising ceremony is scheduled for next month.

The Jackson Sun reports local officials registered the deed to the property on Tuesday, closing a purchase agreement in the works for more than a year (http://bit.ly/sIibfM).

Part of the campus is being leased by the state and is a satellite location of the University of Memphis.

Local stakeholders signed their rights to the campus over to the state of Tennessee on Monday after paying about $2 million each to fund the $7.9 million purchase of property.

Madison County Mayor Jimmy Harris says having a four-year state university will help the county recruit new industry, and hopefully bring more tax money and activity to West Tennessee.

Information from: The Jackson Sun, www.jacksonsun.com

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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PROPERTY SALES 74 312 10,190
MORTGAGES 103 400 13,275
FORECLOSURE NOTICES 16 76 2,614
BUILDING PERMITS 221 783 24,307
BANKRUPTCIES 72 299 9,832
BUSINESS LICENSES 39 110 3,713
UTILITY CONNECTIONS 129 519 14,482
MARRIAGE LICENSES 13 81 3,144

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