VOL. 129 | NO. 148 | Thursday, July 31, 2014
Holiday Inn Express Owner Files Loan
The owner of the 72-room Holiday Inn Express & Suites at 7784 Wolf Trail Cove in Germantown has filed a $7 million loan on the property.
Hanuman LLP filed the deed of trust and security agreement July 25 through Prudential Mortgage Capital Co. LLC. Rakesh Patel signed the deed as managing member of the borrower.
Built in 2008, the 48,488-square-foot hotel sits on 1.9 acres at the end of Wolf Trail Cove, which is east of South Germantown Road and north of Wolf River Boulevard.
Hanuman in 2007 paid $1.1 million for the then-vacant land from Wolf Trail Cove LLC, filing a $4.9 million construction loan through Lubbock National Bank at the time of purchase.
The Shelby County Assessor of Property’s 2014 appraisal is $4.2 million.
Source: The Daily News Online & Chandler Reports
– Daily News staff
FedEx Pleads Not Guilty in Drug Distribution Case
FedEx pleaded not guilty Tuesday, July 29, in U.S. District Court in San Francisco to charges that it conspired to distribute controlled substances from illegal Internet pharmacies.
Memphis-based FedEx was slapped with a 15-count federal grand jury indictment July 17 alleging the company delivered prescription drugs from illegal Web-based pharmacies despite warnings from government authorities. Rather than closing the pharmacies’ accounts, FedEx is accused of taking detailed steps to allow the flow of prescription drugs to continue.
FedEx, which could face a penalty of around $1.6 billion if convicted, is due back in the San Francisco courtroom Sept. 24 but could face additional charges before then. Last week, prosecutors said they planned to present a superseding indictment to the grand jury no later than Aug. 28.
FedEx has denied the allegations.
– Amos Maki
Big River Initiative Organizes Levee Tours
The Big River Strategic Initiative, the private group working on the pedestrian and bicycle boardwalk across the Mississippi River at Memphis, is organizing tours of the St. Francis, Ark., levee system.
The initiative leaders announced this month an agreement with the St. Francis Levee Board to begin working on terms for access to the levees in two Arkansas counties it has authority over. The levee trails would be a pedestrian and bike trail system of 62 miles on the other side of the Harahan Bridge boardwalk, now rebranded as the Big River Crossing.
To limit access to the levees, the initiative is organizing tours with the permission of the levee board that include a look at the scenery along the river including farmland and stands of hardwood forests.
For more information on the tours call Greg Maxted at 202-4141.
– Bill Dries
UTHSC Professor Receives $2.5 Million Grant
Donna K. Hathaway, University Distinguished Professor in the Department of Advanced Practice and Doctoral Studies in the College of Nursing at the University of Tennessee Health Science Center, has received a $2.5 million grant from the National Institute of Diabetes and Digestive and Kidney Diseases, a subsidiary of the National Institutes of Health.
The award will be used to support a project titled, “An RCT for Medication Adherence in Kidney Transplant Recipients.” The award will be distributed over a four-year period.
Medication non-adherence (medication not taken or taken incorrectly) is a $300 billion problem among organ transplant recipients in the United States. Though they have received the “gift of life,” about 75 percent of people with a kidney transplant struggle to take transplant medicines on time every day for the life of the transplant. Without these critical medications, the kidney will not survive.
Along with Cynthia L. Russell, professor at the University of Missouri-Kansas City, Hathaway is testing an innovative intervention called SystemCHANGE, which has been shown to be effective with difficult-to-change behaviors like exercise.
The study will also examine physiological outcomes and the cost effectiveness of improved medication adherence. The hope is that by improving medication adherence, recipients will be able to keep their organs functioning longer and avoid the need for additional transplants.
– Don Wade
Grizzlies Participate in Basketball Without Borders
Memphis Grizzlies mascot Grizz and select members of the Grizz Girls and the Kings of the Court performance teams will travel to South Africa for a 10-day stay to participate in the 12th Basketball Without Borders, Africa events in Johannesburg from July 31 to Aug. 9.
During their visit, Grizz, the Grizz Girls and the Kings of the Court will perform at different Basketball Without Borders events, as well as at Basketball National League (BNL) games. While in South Africa, they will tour various cultural sites including the Nelson Mandela Foundation and Apartheid Museum. Their stay in Johannesburg will end with a performance at the Basketball Without Borders All-Star Game on Saturday, Aug. 9.
Basketball without Borders (BWB) is the NBA and FIBA’s global basketball development and community outreach program that unites young basketball players to promote the sport and encourage positive social change in the areas of education, health and wellness.
– Don Wade
Dishcrawl to Produce Bacon-Themed Event
A new Dishcrawl event is on the way.
On Aug. 13, Dishcrawl Memphis is hosting its “Bacon Lovers Delight” event, which will involve taking participants to three restaurants for a culinary adventure pairing bacon with other food items.
The names of the restaurants are secret for now, but will be revealed as usual shortly before the event. Tickets are available now, and more information is available at http://www.dishcrawl.com/memphis.
– Andy Meek
Conde Nast Traveler Names Muddy’s a Destination Bakery
Conde Nast Traveler thinks it might be worth traveling to Memphis to visit Muddy’s Bake Shop alone.
The leading travel magazine has included the East Memphis bakery on its list of “13 destination bakeries.”
“Would you travel across the country solely to eat dessert?” the magazine asks. “You might, after seeing these decadent, impossibly sweet treats.” The magazine calls Muddy’s “a homey bakery” that serves “traditional Southern sweets in a comfortable setting. Aside from its community outreach program and use of locally sourced ingredients, Muddy’s is known for its decadent cupcakes, toffee bars and pies.”
– Andy Meek
FedEx to Send 138 Drivers to Driving Competition
FedEx Corp. is sending 138 drivers to the National Truck Driving Championships.
The drivers from 45 states representing FedEx-operating companies will compete in Pittsburgh Aug. 12-16.
Each FedEx driver earned the right to compete in the NTDC by winning at state-level truck driving championships.
The American Trucking Associations sponsors the NTDC, which is designed to recognize industry leadership in safety and to promote professionalism among truck drivers.
In total, the drivers FedEx is sending have safely driven more than 180 million miles during their careers, enough to circle the globe nearly 7,275 times.
– The Associated Press
Tennessee Students Struggle in Reading
District-level student assessment scores released by the Tennessee Department of Education show elementary and middle school students need improvement in reading.
The state released results from the 2014 Tennessee Comprehensive Assessment Program on Wednesday.
Statewide, reading in grades three to eight dropped slightly, and is an area of continued need for improvement. Results from the 2013-2014 TCAP results released earlier this month showed students in those grade levels continue to lag behind in reading. For 2014, results in grades three to eight math, science and social studies were flat or showed slight growth.
However, districts did well in high school in most subject areas.
Results for Shelby County Schools and the Achievement School District can be found in separate stories.
– The Associated Press