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VOL. 129 | NO. 164 | Friday, August 22, 2014

Daily Digest

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Macon Homes Complex Sells for $800,000

The 24-unit Macon Homes section 8 apartment complex at 500 N. Claybrook St. in Midtown has sold for $800,000.

A recently formed limited liability company called Crosstown Macon Homes LLC bought the 17,820-square-foot, three-building multifamily property in an Aug. 20 warranty deed from Macon Homes Ltd.

The seller had acquired the property in 1981 for $191,000.

Built in 1950, the Class D apartment complex sits on 1.2 acres along the east side of North Claybrook Street where it bends west into Forrest Avenue. The Shelby County Assessor of Property’s 2014 appraisal is $411,300.

No financing was associated with the transaction, but the seller did quitclaim the property to Crosstown Macon Homes on the same date.

Source: The Daily News Online & Chandler Reports

– Daily News staff

EDGE OKs Changes to Old Dominion PILOT

The Economic Development Growth Engine of Memphis and Shelby County tweaked the tax incentives for an expanding trucking company.

The payment-in-lieu-of-taxes incentive, or PILOT, awarded to North Carolina-based less-than-truckload carrier Old Dominion Freight Line Inc. last year had to be adjusted after the company said it would create fewer jobs in the ramp-up period but increase capital spending and wages.

Old Dominion will create 160 additional jobs within two years, down from the 188 jobs the company originally predicted. Capital investment increased to $36 million from $31 million, and the company’s average annual salary will be $55,000, up from around $52,000.

After outgrowing it current facility at 3050 Carrier Rd., Old Dominion, which said it also considered a site in DeSoto County, is moving to a new facility on 60 acres at Airways Boulevard and State Line Road.

The nine-year PILOT will save the company around $5 million in taxes while producing $8.56 in million tax revenue for the city and county.

– Amos Maki

MERI Receives $150,000 Grant

The Medical Education and Research Institute has announced that the not-for-profit medical education and research, hands-on training school has been awarded a $150,000 grant from the BlueCross BlueShield of Tennessee Foundation.

With this grant, MERI will be able to provide simulated pediatric patient safety training for rural hospitals and emergency medical services in West Tennessee. Armed with a goal of improving the outcomes of pediatric patients in pre-hospital and emergency department settings in underserved areas, MERI will provide on-site, hands-on education, incorporating electronic human patient pediatric simulators.

The training will be implemented in 26 rural and small hospital emergency departments as well as the 20 emergency medical service providers in rural West Tennessee areas. Educational courses will include a needs assessment, lifesaving interventions, airway and resuscitation techniques and grading against standards of care, such as how to identify a sick child’s symptoms.

In addition to the grant from BlueCross BlueShield, Le Bonheur Children’s Hospital Comprehensive Regional Pediatric Center will support MERI by providing in-kind pediatric educators in the West Tennessee facilities.

– Don Wade

Cooper-Young Festival Returns in September

The annual Evolve Bank and Trust Cooper-Young Festival returns next month.

The largest single-day festival in Memphis, now in its 27th year, will be held Sept. 13 from 9 a.m. to 7 p.m. It’s hosted by the Cooper Young Business Association to make the district known both locally and nationally and to draw homeowners and merchants to the neighborhood.

The festival will include more than 425 artists, local Memphis bands will play original tunes on three stages, and there will be a “teenage fun zone.”

There are new offerings this year to help visitors attend the festival. Lindenwood Christian Church is offering shuttle services, with drop-off at the festival entrance every 15 minutes. Memphis Hop also has teamed up with Oak Court Mall to provide shuttles every two hours starting at 9 a.m. and ending at 8 p.m.

– Andy Meek

Redbirds Playoff Tickets Go on Sale Saturday

Tickets for the 2014 Pacific Coast League playoffs at AutoZone Park will go on sale to the general public Saturday, Aug. 23, at 10 a.m.

Fans can purchase tickets over the phone at 721-6000 or in person at the AutoZone Park box office at the corner of Third Street and Union Avenue in downtown Memphis. Single-game tickets for all Memphis Redbirds home playoff games are priced at $21 for club level, $17 for dugout, $14 for field box, $13 for reserved and $6 for bluff seating.

Playoff ticket packages to all six games are also available in the dugout ($90) or field box ($75) sections, which offer a discount off single-game pricing. In the event of a shorter series, all unplayed games will be refunded.

The Redbirds are in contention for the PCL American Southern Division title. Their regular season concludes Sept. 1 at New Orleans. The current homestand runs through Wednesday, Aug. 27.

– Don Wade

UTHSC College of Health Professions to Celebrate Name Change

The College of Health Professions at the University of Tennessee Health Science Center will hold two celebrations Wednesday, Aug. 27, to commemorate the college’s renaming.

A lunchtime event for students, faculty and staff will be held in the Student-Alumni Center, 800 Madison Ave., from noon to 1:30 p.m., while a reception for alumni and donors is set for 5:30 p.m. to 7:30 p.m. in the lobby of the Madison Plaza. About 300 UTHSC team members are expected at the afternoon gathering, and some 150 donors and alumni will join the evening reception.

The unit – formerly the College of Allied Health Sciences – marked its official name change on July 1, the start of UTHSC’s 2015 fiscal year. Founded in 1972 as the College of Community and Allied Health, the unit’s name was abridged to the College of Allied Health Sciences in 1985.

With fall enrollment at 585 students, the College of Health Professions now comprises six departments: audiology and speech pathology, clinical laboratory sciences, health informatics and information management, occupational therapy, physical therapy and physician assistant studies. Depending on the program selected, students obtain training in the COHP at the bachelor’s, master’s or doctoral levels.

– Don Wade

Georgia Mayor to Keynote RISE Foundation Gala

The mayor of Riverdale, Ga., will present the keynote at the Sept. 27 gala benefiting the RISE Foundation’s financial literacy programs.

Evelyn Winn-Dixon was elected mayor of Riverdale, an Atlanta suburb, in 2007 in a political career that emerged from being a homeless single mother of four.

She earned a Ph.D. in public health and became a caseworker at Atlanta’s Grady Hospital before becoming a hospice director. Her bid for mayor of Riverdale was her first political involvement.

The RISE Foundation gala will be held at the Hilton Memphis, 939 Ridge Lake Blvd.

– Bill Dries

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 206 16,619
MORTGAGES 84 228 21,660
FORECLOSURE NOTICES 21 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 73 222 15,764
BUSINESS LICENSES 23 51 5,542
UTILITY CONNECTIONS 86 287 23,860
MARRIAGE LICENSES 21 72 5,107

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