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VOL. 129 | NO. 149 | Friday, August 01, 2014

Daily Digest

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Carlisle Corp. Buys Sharky's Property

An affiliate of Carlisle Corp. has paid $2.9 million for the recently closed Sharky’s Gulf Grill at 6201 Poplar Ave.

Wendelta Property Holdings LLC bought the 6,291-square-foot restaurant in a July 29 special warranty deed from Aaron Muschel.

Sharky’s, which opened in 2009 and filed for Chapter 11 bankruptcy in April, closed the restaurant earlier this summer. Managing owner John Golon told the Memphis Business Journal that mismanagement and competition from new restaurants led to the establishment’s poor fortunes.

Built in 1980, the restaurant sits on 1.3 acres along the south side of Poplar Avenue east of its intersection with Ridgeway Road. The Shelby County Assessor of Property’s 2014 appraisal is $2.3 million.

Golon’s ownership group, Sharky’s Gulf Grill LLC, in 2009 transformed the old Steak & Ale restaurant – whose parent company itself had filed for bankruptcy – along the busy Poplar Avenue corridor in East Memphis into a restaurant that featured seafood delivered from the Gulf Coast five times a week.

Source: The Daily News Online & Chandler Reports

– Daily News staff

Airport Authority Seeking More Affordable Air Service

Officials with the Memphis and Shelby County Airport Authority are hitting the road in the hopes of attracting more affordable air service.

As part of its “relentless pursuit to add frequent and affordable air service,” Airport Authority officials will be attending meetings at the upcoming World Routes 2014 forum being held Sept. 20-23.

The event, which takes place in Chicago this year, is expected to draw 3,000 aviation professionals, with representation from 300 airlines, 800 airports and 200 tourism authorities.

The forum allows for numerous pre-arranged meetings between airport executives, airlines, charter operators and other aviation professionals.

“Chairman (Jack) Sammons and I will be meeting with between 10-15 airlines, five airports and several international charter operators,” said Airport Authority president and CEO Scott Brockman in a statement.

During last year’s World Routes forum, Airport Authority officials met with representatives from American Airlines and Philadelphia International Airport. American added three new daily nonstop flights between Memphis and Philadelphia in June.

– Amos Maki

E. W. Scripps Co. to Spin Off Newspapers, Including Commercial Appeal

The E.W. Scripps Co. of Cincinnati announced Wednesday, July 30, that it will spin off its newspapers, including The Commercial Appeal, in 2015 into a new Journal Media Group to be based in Milwaukee along with newspapers from the Journal Media Group of Milwaukee.

Scripps will own and operate the combined television and radio stations of both companies in 27 markets and exit the newspaper business entirely.

The company began in 1878 as a newspaper company in Cleveland, Ohio, that published a newspaper called “Penny Press.”

In the mergers and spinoffs, Scripps shareholders will own 59 percent of Journal Media Group and 69 percent of the new Scripps broadcasting business.

The two publicly traded companies will be separate entities.

Journal Communications’ broadcast assets will be folded into Scripps, with headquarters remaining in Cincinnati. The company will be the fifth-largest independent TV group in the country.

– Bill Dries

Civil Rights Museum Names New President

The National Civil Rights Museum in Memphis has named Terri Lee Freeman to be its next president.

Freeman succeeds Beverly Robertson and will begin her new position in early November.

Robertson headed the museum for 16 years. She will remain through the end of the year to help with the leadership transition.

The main section of the newly renovated museum reopened April 5, the day after the 46th anniversary of Martin Luther King Jr.’s assassination in Memphis.

King was killed on April 4, 1968, while standing on the balcony of the old Lorraine Motel, which was later converted into the museum in Downtown Memphis.

– The Associated Press

Lakeland Pharmacist Installed as Prez-Elect of Association

Brandon Edgerson of Lakeland was installed as the 2014-2015 president-elect of the Tennessee Society of Health-System Pharmacists (TSHP) at the 127th Annual Convention of the Tennessee Pharmacists Association (TPA) held recently in Hilton Head, S.C.

Edgerson is the director of pharmacy at Le Bonheur Children’s Hospital. He received his PharmD degree from Xavier University of Louisiana, and his Masters in Science from Ohio State University, where his also completed his residency training.

He is involved in numerous professional organizations including TPA, TSHP, Children’s Hospital Association, American Association of Health-System Pharmacists and Pediatric Pharmacy Advocacy Group. Edgerson is a former secretary/treasurer of TSHP and has previously served as a pharmacy forum advisory member for Children’s Hospital Association.

In 2013, he received the TSHP Pharmacist of the Year Award.

The Tennessee Society of Health-System Pharmacists is a statewide professional organization for pharmacists whose practice is in an institution or health system. It is affiliated with the Tennessee Pharmacists Association and the American Society of Health-System Pharmacists.

– Don Wade

Grizzlies License Plate Added to Specialty List

Move over Growl Towels. The Grizzlies now have an official license plate.

The new Grizzlies License Plate will be added to the specialty license plates available for Tennessee motorists with the purchase of 1,000 plates through Grizzlies.com this upcoming season. The Tennessee Legislature added the Memphis Grizzlies License Plate to its stock of sports specialty plates with the help of approved legislation from Sen. Jim Kyle and Rep. Larry Miller and the Shelby County Delegation.

The plates are available for purchase at Grizzlies.com for $35. Proceeds from plate sales benefit the Grizzlies Foundation.

“I’m excited for our fans to get the opportunity to showcase their support and spirit for the Grizzlies in their communities, and throughout their travels,” said Grizzlies President of Business Operations Jason Wexler in a statement. “We extend our gratitude to Sen. Kyle and Rep. Larry Miller for their sponsorship of this endeavor, and to the entire Shelby County Delegation for their support.”

The plate features the Grizzlies’ signature three shades of blue and official logo.

– Don Wade

Tunica Roadhouse Casino Celebrates 20 Years

This weekend, Tunica Roadhouse Casino & Hotel will celebrate 20 years of gaming.

To commemorate the occasion, the property is giving out free T-Shirts and offering a free concert by Cowboy Mouth at 9 p.m. on Aug. 2.

Continuing the anniversary celebration, Tunica Roadhouse will give away a jet ski on Aug. 2, among other celebratory giveaways and goodies.

The casino opened on Aug. 1, 1994. Its roadhouse concept featuring a mechanical bull and non-casino gaming area including beer pong, corn hole and pool tables, debuted in December 2009 with a motorcycle procession and ribbon cutting ceremony.

– Andy Meek

Judge Orders Mediation Between Pilot, Customers

A federal judge has ordered mediation in a lawsuit targeting the truck-stop chain owned by Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam.

The suit claims Knoxville-based Pilot Flying J fraudulently withheld fuel rebates and discounts from customers. Pilot earlier settled similar claims in a class-action lawsuit for $85 million. A few companies opted out of that settlement.

The Knoxville News Sentinel reports that some plaintiffs’ attorneys this week objected to the ordered mediation. They said they need to take discovery first to determine what was stolen from their clients. A Pilot attorney disagreed, saying an audit provided by the company gives an “absolutely full picture” of the damages.

Pilot also recently agreed to pay a $92 million penalty to avoid criminal charges against the company.

– The Associated Press

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 64 64 16,477
MORTGAGES 72 72 21,504
FORECLOSURE NOTICES 0 0 4,266
BUILDING PERMITS 0 0 39,378
BANKRUPTCIES 68 68 15,610
BUSINESS LICENSES 13 13 5,504
UTILITY CONNECTIONS 84 84 23,657
MARRIAGE LICENSES 37 37 5,072

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