Jaguar, Land Rover Dealership Files Loan
The owner of the Bluff City Jaguar Land Rover dealership at 6335 Wheel Cove in East Memphis has filed a $4.8 million loan for the property.
Wheel LLC filed the Tennessee deed of trust, assignment of leases and rents and security agreement Aug. 7 through Memphis-based FirstBank. No loan maturity date was listed.
C. Harrell Schaeffer signed the trust deed as member of Wheel LLC.
The 38,729-square-foot dealership, which was built in 2007, is on 3.9 acres at the dead end of Wheel Cove, which intersects with Quince Road north of Tenn. 385. The Shelby County Assessor of Property’s 2013 appraisal is $4.1 million.
Wheel LLC bought the then-vacant property in April 2006 for $1.1 million. According to loan documents, the company began leasing the property to Bluff City Jaguar Inc. in June 2006 through an unrecorded lease agreement that has since been amended twice.
Source: The Daily News Online & Chandler Reports
– Daily News staff
Civil Rights Museum to Commemorate March
The National Civil Rights Museum is commemorating the 50th anniversary of the March on Washington with a concert.
The museum says the free concert is scheduled to take place Aug. 28 at the museum’s outdoor courtyard.
The concert will include performances by “American Idol” contestants Alexis Grace, Keia Johnson and Trump Tight, who are from Memphis.
Representatives from the political, educational and religious communities also are expected to speak.
The museum says the concert is inspired by the Rev. Martin Luther King Jr.’s “I Have A Dream” speech and the people who attended the March on Washington for Jobs and Freedom on Aug. 28, 1963.
– The Associated Press
Commission, Attorney Meet in Closed Session
Shelby County Commissioners met Monday, Aug. 19, in a closed-door executive session with attorney Lori Patterson, who, along with attorney Leo Bearman, represents the commission in the federal court lawsuit over the schools merger and the formation of suburban school districts.
Patterson would not comment after the hour-long session. Friday is the deadline set by U.S. District Judge Samuel “Hardy” Mays for all sides in the case to submit their positions on what is left for him to decide in the part of the case that deals with the suburban school districts.
The filings will determine whether all sides agree on whether to pursue a remaining claim involving the Tennessee Constitution and a federal claim in which the commission alleges the suburban school districts would violate the U.S. Constitution’s equal protection clause through a racial “resegregation” of public schools in Shelby County.
In other action, the commission approved a new 50-year lease with the Shelby County Health Care Corp. for the operation of The Regional Medical Center at Memphis, as well as a companion resolution authorizing up to $35 million in new market tax credit-based financing the corporation has worked out to fund renovation work on its facilities.
– Bill Dries
Brookings’ ‘Welcome Home’ Show Planned for Aug. 31
The last time David Brookings played a show in Memphis, it was 2009, the same year he was working as a tour guide at Sun Studio.
That was also the same year late Apple co-founder Steve Jobs took a private tour of the studio and offered Brookings a job at iTunes. Now, four years later, Brookings will be back in Memphis this month and will play a show while he’s in town.
He will be at the Poplar Lounge Aug. 31 with special guests Chris Wilhite and Bryan Dease.
Brookings worked at Sun from 2003 to 2009. He moved to the San Francisco Bay area in the fall of 2009.
He still writes songs and has a sixth album due out in September.
– Andy Meek
EmergeMemphis to Host HACKmemphis Event
An event for technologists, developers, makers, hackers and other members of the tech community is happening next month.
HACKmemphis 2013 will be Sept. 14 and 15. The goal is to bring together tech communities to develop hardware and software projects in Memphis.
The gathering will happen at EmergeMemphis, 516 Tennessee St. Visit www.hackmemphis.com for more information.
– Andy Meek
Tennessee Legislator to Challenge Alexander
Sen. Lamar Alexander’s efforts to ward off a primary challenge from the right fell short Tuesday with Tennessee state Rep. Joe Carr’s announcement that he will mount a tea party challenge for the Republican nomination for the U.S. Senate.
Carr, a Murfreesboro business consultant, told WTN-FM host Ralph Bristol that he decided to abandon his challenge to embattled U.S. Rep. Scott DesJarlais to instead take on Alexander because he considers the senator “the most liberal member of the delegation from Tennessee.”
DesJarlais, a Jasper physician, is considered vulnerable because of revelations of past infidelities with patients and once having encouraged his wife and a lover to seek abortions.
In response to the switch to campaign against Alexander, Carr’s top campaign strategists, Chip Saltsman, resigned.
“It is because of Lamar Alexander that people like you have the honor of serving in the majority of the state legislature,” Saltsman said in his resignation letter to Carr.
Meanwhile, Alexander is one of Tennessee’s most seasoned politicians. He is a former two-term governor who twice ran for president, served as U.S. secretary of education and as president of the University of Tennessee.
He also had $3.1 million in the bank for his re-election effort through the first half of the year.
Carr said he expects it will take more than $5 million to defeat Alexander, including independent expenditures. He had about $275,000 on hand from his House race through the middle of the year.
– The Associated Press
Arkansas Attorney General Rejects Pot Proposal Wording
Arkansas Attorney General Dustin McDaniel has rejected a request to certify the popular name and ballot title of a proposed constitutional amendment that calls for repealing the prohibition of cannabis in Arkansas.
McDaniel rejected the request from Lt. Col. Marjorie LeClair in an opinion on Monday because he said there were ambiguities in the text.
The proposed measure must be certified by McDaniel before LeClair could begin gathering signatures in an effort to qualify for a spot on the 2014 ballot.
McDaniel has certified the popular name and ballot title of one of two proposed initiated acts that would legalize medical marijuana.
LeClair’s proposal calls for repealing the prohibition on the cannabis plant, not just legalizing medical marijuana.
– The Associated Press