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VOL. 127 | NO. 183 | Wednesday, September 19, 2012

Lone Star Demolition Begins Thursday

By Bill Dries

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The city of Memphis begins demolition Thursday, Sept. 20, of the Lone Star Industries cement terminal at the foot of Poplar Avenue.

The city of Memphis bought the property for $10 million as part of city plans for redevelopment of the area around The Pyramid which is being converted to a Bass Pro Shops super store with other attractions in and around The Pyramid.

Lone Star Industries Inc., which is part of Buzzi Unicem USA, has since moved what it was doing near the south side of The Pyramid to a distribution terminal on Presidents Island where the company already had a presence.

City plans for the acreage include a park-like setting beneath the interstate ramps that along with the Lone Star silos are the dominant feature of the area between The Pyramid and Jefferson Davis Park.

Past city administrations dating back at least to Mayor Dick Hackett had considered buying the riverfront site amidst various plans to convert the riverfront and move it away from its past industrial uses.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 70 125 13,455
MORTGAGES 119 192 17,541
FORECLOSURE NOTICES 19 51 3,442
BUILDING PERMITS 0 623 31,553
BANKRUPTCIES 62 128 12,823
BUSINESS LICENSES 40 51 4,648
UTILITY CONNECTIONS 80 233 19,690
MARRIAGE LICENSES 25 69 4,129

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