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VOL. 129 | NO. 99 | Wednesday, May 21, 2014

Daily Digest

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Shelby Farms Files $25 Million Permit for Lake Expansion

The Shelby Farms Park Conservancy has filed a $25 million permit with the city-county Office of Construction Code Enforcement to expand Patriot Lake.

The overhaul, which will bring Patriot Lake to 85 acres from 52 acres, is part of the $52 million first phase of the conservancy’s Heart of the Park master plan.

The plan also calls for the addition of other amenities near the lake, the cornerstone of the 4,500-acre park along Walnut Grove in East Memphis.

“We think we have a project that we’re all going to be very proud of,” conservancy Executive Director Laura Adams recently told The Commercial Appeal.

The permit lists an address of 500 Pine Lake Drive and shows Montgomery Martin Contractors LLC as general contractor. New York firm james corner field operations, along with the conservancy, created the master plan.

As of the end of April, the conservancy had raised $63 million of its $70 million goal for the master plan.

Source: The Daily News Online & Chandler Reports

– Daily News staff

Medtronic Spine Revenue Drops

Medtronic Spine’s total revenue for the fourth quarter of fiscal year 2014 was $786 million, down 2 percent from the same period a year ago on a constant currency basis, which excludes the impact of exchange rate fluctuations.

The year-over-year change “as reported” was down 3 percent.

“The largest segment of our business, core spine and other biologics, saw slight growth for the second quarter in a row,” Doug King, senior vice president of Medtronic and president of Medtronic Spine, said in a statement. “Medtronic Spine is positioned to deliver growth in FY2015 thanks to our new technologies and procedural innovations.”

– Don Wade

Tart Cafe Opens in Cooper-Young

The French-inspired café Tart Memphis has opened for business at 820 S. Cooper St.

Owners Heather Bryan-Pike and Abby Jestis will operate the restaurant as part coffeehouse, part patisserie and part art gallery with temporary and permanent installations, working with local artists.

Tart also will offer a seasonally changing breakfast and lunch menu. And starting in late summer, Tart will host global coffee tastings for their “Cup Club” members and evening classes led by community experts on all things food, art and home-related.

– Andy Meek

CBIZ Memphis Adds Gondan

Karen Gondan has joined the Memphis offices of CBIZ MHM LLC and Mayer Hoffman McCann PC.

Gondan is managing director at CBIZ and shareholder of Mayer Hoffman McCann. She has more than 30 years of experience in public accounting and has worked with a variety of clients in different industries, specializing in the not-for-profit and government sectors.

She is a certified public accountant and member of the American Institute of Certified Public Accountants and the Mississippi Society of Certified Public Accountants.

– Andy Meek

UT Health Science Center Professor Receives NIH Grant

Bernd Meibohm, associate dean for research and graduate programs at the University of Tennessee Health Science Center and a professor in the department of pharmaceutical sciences, has received a $315,651 grant from the office of the director of the National Institutes of Health.

This grant will allow for the purchase of a triple quadrupole mass spectrometer as shared instrumentation that supports 12 NIH-supported research projects in the University of Tennessee Colleges of Pharmacy and Medicine that are focused on drug discovery and development. Targeted indications include the treatments of a variety of cancer types, tuberculosis, radiation injury and other conditions. The instrument will be used to measure concentrations of medications in biological samples in support of those research efforts.

– Don Wade

Mississippi Approves $8.4 Million for Common Core Tests

Mississippi's state Board of Education has approved spending about $8.4 million on standardized tests aligned with the new Common Core state standards.

The board voted May 16 for the first year of what could be a four-year contract with a division of the British firm Pearson PLC. The money is Mississippi's share of the cost of a multistate testing group called the Partnership for Assessment of Readiness for College and Careers, or PARCC.

Common Core is a set of standards designed to standardize student learning. Mississippi and 44 other states signed on, although opponents have attacked the effort as a federal takeover of education. The federal government gave money to PARCC and another multistate group to help develop tests.

Mississippi and some other states have deployed PARCC tests as a pilot project during the current school year. Local and state school officials are awaiting the roll-out of the full new testing program in spring 2015.

– The Associated Press

Pilot Flying J President Leaves

The president of a Knoxville, Tennessee-based company owned by Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam is out amid an ongoing federal investigation into a scheme to defraud customers.

The Knoxville weekly newspaper Metro Pulse obtained an email sent from Pilot Flying J CEO Jimmy Haslam to staff on Monday announcing Mark Hazelwood's immediate departure. The email did not say why Hazelwood was leaving.

Pilot attorney Aubrey Harwell said it is company policy not to publicly discuss personnel matters.

Knoxville-based Pilot is the nation's largest diesel retailer, with annual revenues around $30 billion.

Hazelwood is the highest-ranking official to leave the company since it was raided by federal agents in April 2013.

– The Associated Press

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PROPERTY SALES 41 41 17,762
MORTGAGES 70 70 23,138
FORECLOSURE NOTICES 14 14 4,532
BUILDING PERMITS 163 163 42,320
BANKRUPTCIES 50 50 16,741
BUSINESS LICENSES 14 14 5,795
UTILITY CONNECTIONS 113 113 25,287
MARRIAGE LICENSES 18 18 5,399

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