VOL. TMN-11 | NO. 3 | Saturday, January 20, 2018
SPECIAL EDITION Memphis Newsmakers – Sports
Vibrant Memphis sports scene adds pro soccer
Peter Freund is a baseball guy. Grew up on the New York Yankees. Today, not only is he principal owner of the Memphis Redbirds, he owns stakes in other minor league teams through his Trinity Baseball Holdings and even has a small slice of the Yankees. But make no mistake, he is a businessman. And it was the businessman in him that was convinced to bring a United Soccer League (USL) team to Memphis and AutoZone Park for the 2019 season.
Good business ideas can happen anywhere. This one happened in 2006 in South Bend, Indiana, where three Notre Dame students listed a vacant apartment on Craigslist and eBay as a weekend rental for football games.
They can be heard down the hall, or down the block. Roaring. Cheering. Chanting, often nonsensically, at the top of their lungs at whatever hour their beloved teams are playing on TV. Always in uniform – with the proper hats, jerseys – and scarves. Do not forget the scarves.
It was early November, not really Christmas season yet, but Billy Richmond didn’t want to wait. So he’d wake up and start his day with his favorite Christmas music.
The decision by Kroger’s Delta Division to close stores in Southgate shopping center and on Lamar Avenue west of Airways next month is probably based on dollars and cents – millions of dollars in losses at each store.
THE MEMPHIS NEWS ALMANAC
2008: Former U.S. Sen. Fred Thompson of Tennessee exits the Republican primary for president after a string of poor finishes in primary and caucus states, ending with the South Carolina primary, where he finishes third. Thompson had left his recurring role on “Law and Order” the previous spring to explore a possible run, then officially announced his candidacy on “The Tonight Show” in June.
Memphis is out of the running for Amazon’s massive second headquarters. The Seattle-based ecommerce giant released a list of 20 finalists Thursday, Jan. 18, out of the 238 proposals submitted by cities across the United States, Canada and Mexico.
Former Memphis Congressman Harold Ford Jr. says Morgan Stanley has concluded its investigation of an allegation of sexual misconduct against him made last month and determined that it was not true.
MEMPHIS-AREA GOVERNMENT & POLITICS
Shelby County commissioner Terry Roland has been campaigning for Shelby County mayor since last year.
Strickland: Memphis about to meet goal of net gain in police
Memphis Mayor Jim Strickland defines the state of the city halfway through his four-year term of office as “strong and getting stronger every day.”
State Senate Majority Leader Mark Norris of Collierville says he will continue with his legislative duties unless or until the U.S. Senate confirms his appointment to the federal judiciary.
District 2 Shelby County commissioner George Chism will not be seeking a second term in the 2018 county elections.
After six months as president of Rhodes College, Marjorie Hass says small liberal arts colleges like Rhodes are “on the defensive.”
THE TIPPING POINT
For most of us, our first big financial move as young adults might have been an apartment security deposit, say, or the down payment on a used car. When Jim Meeks was 17 years old, fresh out of high school in Paducah, Kentucky, he said to himself, “I want to buy some life insurance.”
Average home sale prices and overall sales volume showed healthy gains in 2017 over the previous year, signaling another good year for the housing market in Shelby County.
Buoyed in part by solid numbers for 2017, bankers in Memphis like David Umsted are already looking ahead to what they foresee will be another busy year for the mortgage business locally thanks to a mix of underlying strengths for the market.
The Frayser Community Development Corp. is a lot busier these days, so much so that it’s expanding its headquarters at 3684 N. Watkins St., where the organization is bursting at the seams.
More than a year after Memphis’ tallest building went into foreclosure, 100 North Main has been reclaimed by the lender. THM Memphis Acquisitions LLC effectively bought the 37-story office tower at a foreclosure auction on the courthouse steps after the property failed to receive any bids.
Plans for a southeast Memphis textiles distribution facility and a Medical District apartment development made of shipping containers both took steps forward Wednesday, Jan. 17, with approvals from local boards.
939 Ridge Lake Blvd. -
The Memphis Hilton, the iconic cylindrical hotel located at 939 Ridge Lake Blvd. in East Memphis, has sold for $31 million.
Hardaway, other basketball greats honored for civil rights advances
Penny Hardaway was born in Memphis on July 18, 1971, or more than three years after Dr. Martin Luther King Jr. was assassinated on the balcony of the Lorraine Motel.
One of the less obvious consequences of the winter weather that has hit Memphis in recent days is that donations to Lifeblood, the area’s blood service provider, have also taken a hit.
In an effort to generate more certified minority and women-owned businesses in Shelby County, the Greater Memphis Chamber will host its first joint certification fair with the county on Jan. 23.
TOURISM & HOSPITALITY
Casinos join forces more often in era of declining revenue
Several factors have combined to upend business conditions at the Tunica casinos in recent years, but there is renewed optimism among gaming operators there who are discovering there is strength in numbers.
Memphis is lucky to have an abundance of residents with a passion for public service and it is time once again to honor their commitment to improving this community.
ARTS & ENTERTAINMENT
Memphis’ newest music venue is opening later this month, in something of an unlikely place. Old Dominick Distillery, at 305 S. Front St., on Jan. 25 is using its upstairs event space to launch the Old Dominick Pure Memphis Music series. A twice-monthly set of concerts featuring acts, as the name of the series suggests, with a tie of some kind to the city.
A new exhibition by Niles Wallace titled “The Sunny Side” is on display at the Beverly and Sam Ross Gallery at Christian Brothers University through March 1. Works in the show consist of porcelain or stoneware bowls and vases that Wallace says “acknowledge the history of vessels and painting on the decorative form while being tied to contemporary art and social concerns.” (Memphis News/Houston Cofield)
LAW & THE COURTS
The board of directors of Playhouse on the Square has hired the Burch, Porter and Johnson law firm to investigate an allegation of sexual misconduct made last month against Jackie Nichols, the founder and executive producer of the theater.
Brett Batterson, president and CEO of the Orpheum Theatre Group, has been named the North American Performing Arts Managers and Agents’ 2017 Presenter of the Year. The award honors individuals in the performing arts field for their excellence in exemplifying mentoring; setting an example of best practices, achievement and leadership in their discipline; and cultivating diversity, practicing inclusion, and creating equity for underserved members of the community.
Baseball is built for sweet stories of nostalgia and the innocence of youth. When Mickey Callaway was a kid he would spend lazy summer afternoons visiting Wrigley Field, courtesy of superstation WGN.
Mike Mularkey is loyal to his coaches and his coaching philosophies, though probably to a fault, as it appears that was a huge part of why he was fired as the Tennessee Titans head coach on Monday morning.
It was early December, 2012, and Butch Jones stood in front of a podium after being named Tennessee’s 24th football coach.
Right after Christmas I sat down with Tubby Smith in his office for a lengthy Q & A, which you can still find here (http://bit.ly/2DLJbCk). At one point in our conversation I asked Tubby about “coaching guys up,” if that was maybe the part of the job he enjoyed most.
THIS ISN’T A GAME, KIDS AREN’T CHIPS. As I write this, 9 million low-income kids in America are at risk of losing their insurance, primarily because they aren’t the kids of Congress.
Ray’s Take: Life insurance is an important part of most overall financial plans. Replacing the capital value of the significant providers is critical should they not be able to provide. Owning the right insurance for the right price at the right time in your life is a crucial element to your financial well-being.
A study conducted for the BBB by Steve Baker, a retired FTC regional director, found that it’s only a question of when, not if, a person will be targeted in a tech support scam.
U.S. travel industry representatives earlier this week expressed concern over declines in international travelers to the U.S.
Have you ever wished you were the top executive in your department? For many, becoming a C-level executive can be a lifelong goal. Whether it’s chief executive officer, chief marketing officer or chief financial officer – the C-suite has real perks.
Editor’s Note: This is the first in a two-part series. The field of marketing is evolving at an unprecedented rate. If you simply don’t have the time to dig in – which is reality for many a small and mid-sized company CEO with limited internal marketing resources – it can feel like a runaway train.
Editor’s note: Part two of a three-part series. Sometimes volunteers within a nonprofit don’t measure up. That’s not unusual. It’s part of life. For all of us, there are times when we don’t hit the mark. And most know what it’s like when others don’t meet our expectations.
I met many people who have been put in charge of their organization’s innovation program because of their past performance record. They were product managers, engineers, database architects, IT professionals, HR specialists or marketers by training. Suffice to say, they have proven to be capable and trustworthy in the past with a given initiative.