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VOL. TMN-9 | NO. 40 | Saturday, October 1, 2016
Weekly Issue

Logistical Nightmare

Lamar corridor stuck in the slow lane without federal funds

Lamar Avenue is a $300 million problem. Rush hour on Lamar turns into several hours, and for the hundreds of distribution centers located near the corridor, just-in-time delivery is nearly impossible in the face of miles of congested traffic.

EDITORIAL

Editorial: Pot Ordinance Isn’t Perfect, But It Still Has Benefits

The Memphis City Council is scheduled to vote this week on a much-discussed proposal that would decriminalize the possession of small amounts of marijuana. What’s at stake is about more than weed.

SMALL BUSINESS SPOTLIGHT

Inferno Links Its Success, Growth To Community-Centric Mindset

Before there were interns, companywide philanthropic endeavors or national clients, the founders of Memphis-based inferno made a key decision about their company’s name.

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EVENTS

Paint Memphis will present Soul Food 5, a one-day paint festival celebrating North Memphis, on Saturday, Oct. 1, from 10 a.m. to 5 p.m. at the Wolf River floodwall at North Evergreen Street and Chelsea Avenue. More than 140 artists from all over the world will collaborate to paint both sides of the 0.3-mile wall with graffiti art. The event is open to the public, and families are encouraged to watch the artists in action, visit the food trucks and check out vendors. Visit paintmemphis.org.

more events »

THE MEMPHIS NEWS ALMANAC

Sept. 30 – Oct. 6, 2016: This week in Memphis history

2011: Formal opening of Legends Park, the mixed-use mixed-income development built where the Dixie Homes public housing project once stood.

LAW & THE COURTS

Legal Views Differ On Stewart Case Publicity

When the Shelby County grand jury decided last November not to indict Memphis Police officer Connor Schilling in the fatal shooting of Darrius Stewart, it set in motion a set of decisions by authorities to talk publicly about the case.

Details Given in Stewart’s Civil Rights Case

Sometimes when there is a Justice Department review of a fatal police shooting, the review ends with a sparse announcement that investigators have ended their work and concluded there is no case to be made.

NONPROFIT SECTOR

Shorb New Executive Director Of Urban Child Institute

Gary Shorb, retiring CEO of Methodist Healthcare, has been named executive director of The Urban Child Institute (TUCI).

ECONOMIC DEVELOPMENT

Strickland Has 4 Plans to Spike Minority Business

Black-owned businesses take in less than 1 percent of all revenue flowing through Memphis, which is unacceptable, according to Mayor Jim Strickland. On Sept. 28, Strickland introduced four new programs that will boost the wealth of minority and women-owned businesses.

CORPORATE NEWS

Smith Hands Off FedEx President’s Position To Bronczek

With little fanfare, FedEx Corp. founder Fred Smith introduced himself Monday, Sept. 26, at the start of the company’s annual shareholder’s meeting as the board chairman and CEO of the company.

RETAIL

MEMShop Launches ‘Class’ of Three New Businesses

Rebecca Thomason will be busy for the next few weeks getting her newly leased South Main space ready to house her business Southern Creed, which makes products inspired by life in the South.

STARTUP CONFIDENTIAL

Startup Confidential: 15 Interviews Later

“Should I be doing this? How do I know I’m on the right track? What does success look like? Um … should I be doing this?” Those were the questions I woke up with nearly every day in the months after I launched my own business in March of this year.

EDUCATION

Hopson Begins Mapping Out Schools ‘Transformation’

Shelby County Schools superintendent Dorsey Hopson says his plan to right-size the school system to emerge in October will be about “transformation” including turning East High School into a “magnet school.”

TRANSPORTATION & LOGISTICS

New Routes, CEO Contract Approved By MATA

The Memphis Area Transit Authority board of commissioners approved more than $500,000 in new bus service Tuesday, Sept. 27, including three new bus routes, and it extended the contract of MATA president and general manager Ron Garrison through 2022.

FINANCIAL

First Tennessee Steps Up Financial Literacy Efforts

Along with making loans, offering mortgages and the other banking basics that First Tennessee Bank stays busy with from one day to the next, the Memphis-based institution is in the process of stepping up its financial literacy offerings in a major way.

Analysts See M&A in First Horizon Future

After Bryan Jordan, the top executive at First Tennessee Bank’s parent company, had talked for about 30 minutes earlier this month at the 2016 Barclays Global Financial Services Conference, audience members were polled.

TECHNOLOGY

Rhodes Hack-a-Thon Delivers for Memphis Nonprofits

Ten college students and one high school student put in long hours over the weekend, shredding code in the latest RhodesHacks computer development competition held inside McCallum Ballroom on the Rhodes College campus Sept. 23-24.

DOWNTOWN

Power of the Mighty Mississippi Rushes Below Big River Crossing

Autumn is a few days late in arriving, but just in time for a stepped-up schedule of tours of the Big River Crossing this week.

National Experts to Explore Parking, Transit Solutions for City’s Core

Billions of public and private dollars being invested in the urban core of Memphis have civic leaders thinking about long-term transportation and parking solutions that will best serve the area as it evolves.

MEMPHIS NEWSMAKERS

Oyler Named City of Memphis’ Bike/Ped Program Manager

Nicholas Oyler has been named bikeway and pedestrian program manager for the city of Memphis, tasked with establishing walking and biking as safe, convenient and realistic forms of transportation in the city. The wide scope of the position includes tasks such as expanding Memphis’ network of bike lanes, implementing new pedestrian safety projects and educating individuals on the role of walking and biking.

REAL ESTATE RECAP

Belz Preparing Peabody Place for ServiceMaster HQ

150 Peabody Place -
Belz Enterprises has taken a major step in the renovation of the shuttered Peabody Place mall into ServiceMaster Global Holdings’ future headquarters. 

ARTS & ENTERTAINMENT

Moon River Music Festival Returns to Memphis

Long before Nashville singer-songwriter Drew Holcomb decided to launch his Moon River Music Festival in Memphis, he’d been thinking for years about creating a festival that had the warm vibe of a family reunion for the bands and fans.

POLITICS

Cohen Describes Clinton-Trump Contest as “Armageddon”

U.S. Rep. Steve Cohen set stark terms for the presidential general election as local Democrats opened their Memphis headquarters for nominee Hillary Clinton.

HEALTH CARE

BlueCross Dropping ACA Coverage in Memphis Area

BlueCross BlueShield of Tennessee is dropping its Affordable Care Act marketplace plan coverage in three major regions of the state, including Memphis, pointing to losses of nearly $500 million on such plans by the end of 2016.

Projects Position UTHSC For Transformation in 2017

The campus of the University of Tennessee Health Science Center is as much a home to a major health care education institution these days as it is ground zero for major development projects poised to come online soon.

BEALE STREET

Beale Authority Talks Terms With 21 Beale

The Beale Street Tourism Development Authority has sent its response to a term sheet from the principals of 21 Beale Street Inc., the only company still in the running for a contract to manage the entertainment district for the authority.

SPORTS

Can Tigers Duplicate Their 2015 Upset of Ole Miss?

Ole Miss head coach Hugh Freeze, predictably, is saying that he won’t use revenge as a main motivator.

Could Fizdale Be the Wind Beneath Grizzlies’ Wings?

Preseasons are based on optimism, on fresh starts, on positive change and on the belief that anything is possible. So, yes, it was all ice cream and sunshine at Grizzlies Media Day; actually, a slimmer Zach Randolph was seen helping himself to a slice of the media’s pizza, but the point is unbridled hope is the oxygen that sustains teams – and fans – before the games start for real.

The Press Box: Flawed Feathers, Grizz Preseason, and Dak’s Fame

Wading in with a few thoughts as the baseball postseason nears, the Grizzlies get ready to play games that don’t count, and Dak Prescott’s new-found fame …

Calming Halftime Helps Save a Season

Tennessee football coach Butch Jones went from goat to hero in a matter of hours last Saturday.

Coach Cliché Strikes the Right Note for Tennessee

Coach Cliché tells us it was just another game. Coach Cliché tells us the next game is always bigger than the last one. And, yes, Coach Cliché tells us you build things brick by brick.

Fumbles, Interceptions Defining QB Marcus Mariota’s Season

For the first time in Marcus Mariota’s brief tenure as the Tennessee Titans starting quarterback, there were questions about how quickly he is progressing.

Miles Never Fully Escaped Shadow of Saban

The early in-season firing is much more typical in the NBA or baseball than it is college football, but LSU punted on Les Miles after a 2-2 start and last week’s 18-13 loss to Auburn that included some horrific clock management.

Parsons ‘Progressing’ in Knee Surgery Rehab, But May Not be Ready for Season’s Start

Coming back from knee surgery isn’t new to Chandler Parson. The biggest free agent signing in Grizzlies history has been there, rehabbed that before.

LOCAL COLUMNISTS

Seeing Better

TAKE A LOOK OVER THERE. Over the edge of the deep porch, from rocking chairs beneath huge fans inset in the ceiling, through the dogtrot or glass walls, down the manicured lawn to the boardwalk and the boat dock’s double-wide wooden chaises, to the lake, to the treeline, to two distant office buildings, somehow disparate symbols rising as they do from a primeval forest like modern sentinel towers.

Risk Management and Planning

Ray’s Take Among the many balancing acts involved in professional financial planning is the trade-off between “certainty” and “risk.” While risk may not feel very good sometimes, given the current level of interest rates and inflation, a retirement plan without some level of risk will almost certainly leave you old and broke.

Zion’s Majesty Seen From The Narrows

We had walked in the river for two hours already and weren’t sure how much longer it would take to reach the Wall Street portion of The Narrows trail.

To Update or Not to Update?

At some point, most of us have felt the need to be up-to-date with the newest technology. Smartphone makers and software developers alike pressure us regularly to download updates for an app’s latest version or enhanced security. But it’s important to be strategic in how we choose to handle these updates instead of making impulse decisions.

Is There a Doctor…?

Season 12 of “Grey’s Anatomy” really ticked me off! Recycled themes, sophomoric body-part jokes, endless throwbacks to earlier episodes, plots, and departed characters! I should write Shonda Rimes a letter. But I won’t.

Legislator: Marijuana Law Has Problems

State Rep. William Lamberth balks at the notion Memphis and Nashville are softening the punishment for simple pot possession.

Social Media Narrative

You probably never thought you’d hear the words “social media” and “cover letter” together in one sentence. But today, I hope to convince you to consider them to be related when you’re looking for a new job.

7 Irrefutable Laws of Social-Media Marketing

Seemingly every brand has a presence on at least one social platform these days. Very few, however, are successfully converting that resource investment into engaged, loyal customers. What’s the secret of those realizing customer conversion? They are following these laws of social-media marketing.

Tools for Addressing Generational Poverty

We recently had the opportunity to learn from three women and the approaches they use to help vulnerable children and their families. We attended two local presentations coordinated by the Assisi Foundation of Memphis Inc. and want to share just a little of what we learned.

When to Call An Innovation Firm

Change is difficult, and changing for the better rarely happens out of virtue. When prospects reach out we know only one fact: They want to change something in their organizational mix and grow and want help. Often the need is an unexpressed and even unconscious urge for the company or nonprofit.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 77 369 15,321
MORTGAGES 115 515 19,435
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 182 873 33,089
BANKRUPTCIES 54 282 11,428
BUSINESS LICENSES 22 125 4,936
UTILITY CONNECTIONS 77 304 18,534
MARRIAGE LICENSES 22 138 4,124

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The Memphis News: Business, politics, and the public interest.