» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
VOL. 132 | NO. 41 | Monday, February 27, 2017

The Week Ahead: February 28-March 6

It's Monday, Memphis – time to peek at this week's (very busy) dance card, from the opening of Graceland's $45 million entertainment complex to a showcase of the latest high-tech ag innovations to a celebration of some local "hidden figures." Check out what else you need to know about in The Week Ahead...  

Democratic and Republican Partisans Prepare for Next Election

At least five potential Republican candidates for Governor in 2018 were among the crowd of 400 people at the Saturday, Feb. 25, Lincoln Day Gala of the Shelby County Republican Party.

SouthernSun Converting Historic Downtown Building to New HQ

SouthernSun Asset Management is preparing to convert part of a historic but long-vacant Downtown building into its new headquarters.

Snapshot: Hitting the Sweet Spot

Structural steel work is complete at Sugar Services, which is expanding in the South End of Downtown. It is one of the last remaining industrial tenants in an area where condos and apartments now flourish.

Last Word: The Governor's Race, Beale Street Complications and Southern Avenue

A close one for the Tigers Sunday at the Forum but Houston still wins 72-71. One more home game Thursday against Tulane and a road game Saturday against SMU before March Madness begins. As that was happening here, better results in Denver Sunday where the Grizz beat the Nuggets 105-98.

Local Weather
Currently
Memphis, TN
48.0°F
Mostly Cloudy
Wind: Southeast at 8.1 mph
Humidity: 86%

EVENTS

The Orpheum Theatre will present “Beautiful: The Carole King Musical” Tuesday, Feb. 28, through March 5 at the Orpheum, 203 S. Main St. Visit orpheum-memphis.com for show times and tickets.

more events »

Waddell: 2017 a Year for ‘Shifting Gears’

David Waddell will be in Florida this week for a meeting with the very first client of his namesake Memphis-based investment firm, Waddell & Associates. On the same trip down there a year ago, Waddell recalls being encouraged to “be bold” in his decisions and leadership of the firm.

Sedgwick Approved for $10.4 Million PILOT

The Economic Development Growth Engine for Memphis and Shelby County approved Sedgwick Claims Management Services’ application for a $10.4 million tax abatement during a special session Friday, Feb. 24.

Federal Appeals Court Rules Due Process Violations in Memphis Death Row Case

A federal appeals court ruled Friday, Feb. 24, that Shelby County prosecutors violated the due process rights of a Memphis death row inmate by suppressing evidence that a key witness in the murder trial had been paid $750 by the FBI.

MPO Grants, Trolley Trials Point to Visible Spring for MATA

A set of grants totaling $2.2 million from the Memphis Metropolitan Planning Organization to the city and Memphis Area Transit Authority is aimed at pedestrian, bicycle and mass transit projects.

TENNESSEE LEGISLATURE

Transit Portion of Sara Kyle’s Bill Adopted by Governor

NASHVILLE – Part of a plan by Sen. Sara Kyle and Rep. John Ray Clemmons to help local governments raise funds for mass transit projects is being adopted by Gov. Bill Haslam for his IMPROVE Act.

THE MEMPHIS NEWS

Lessons Learned

Their first decade in business started in the Great Recession

Kat Gordon had made up her mind. She’d decided she was at a point in her life where it was time to carpe diem, suit up and take a leap of faith, and she gave herself two options for doing so – literal (go skydiving) or figurative (start her own business).

Editorial: Look Beyond the List

The Memphis Police Department has been making a list. And it doesn’t want to talk about how your name might get on there, because that is the bigger issue.

Feb 24-March 2, 2017: This week in Memphis history

1997: The grand opening of Wolfchase Galleria, which at 1.1 million square feet is larger than the other five Memphis malls open at the time: the Mall of Memphis, Hickory Ridge Mall, Raleigh Springs Mall, Southland Mall and Southbrook Mall. Wolfchase opens with more than 130 tenants, including an eight-screen movie theater, plus 6,000 parking spaces. By comparison, the Mall of Memphis has 885,627 square feet.

LAST WEEK'S MOST POPULAR

Sedgwick Announces $34M Expansion, Will Create 150 New Jobs

Sedgwick Claims Management has announced plans to expand its corporate headquarters in Memphis, which will result in the creation of 150 local jobs.

2017 Beale Street Music Festival Lineup Revealed

The 2017 Beale Street Music Festival lineup has arrived.

Sedgwick to Occupy Thomas & Betts HQ, TNB Shopping Memphis for New Home

New details are continuing to emerge after Sedgwick Claims Management Services' blockbuster announcement Monday to consolidate and expand its corporate headquarters.

AMR Closing Memphis Office, Laying Off 175

American Medical Response of Tennessee plans to close its Memphis office April 1, resulting in the loss of 175 jobs.

TVA’s Nearly $1B Natural Gas Plant 70 Percent Complete

The view is breathtaking. The Memphis skyline glints and gleams in the midday sun. The Pyramid casts its own unique light across the distance, and the Hernando DeSoto Bridge superstructure is an elegant silver set of curves to the west, filtered through bare trees. It’s a view you need a hard hat to see from the top of the massive heat recovery steam generator at the Tennessee Valley Authority’s Allen Steam Plant, under construction in southwest Memphis.

STATEWIDE

Growing Push for More Tax Breaks in Haslam Road Funding Plan

ALGOOD, Tenn. (AP) – As Republican Gov. Bill Haslam takes his proposal to boost transportation funding on the road, there is a growing call for his plan to include bigger tax breaks for middle-class drivers who would pay more at the pump under Tennessee's first gas tax hike since 1989.

Probes Raise Questions About Misuse of Food Program Money

NASHVILLE, Tenn. (AP) – Two investigations released by the state comptroller's office Thursday are raising questions about what happened to hundreds of thousands of dollars in taxpayer money that was supposed to be used to feed poor children.

HEALTH CARE

GOP Governors Outline Health Care Plan, Medicaid Changes

DES MOINES, Iowa (AP) – Republican governors from seven states, including Tennessee Gov. Bill Haslam, are calling for dramatic changes to Medicaid, which provides insurance to more than 70 million low-income Americans, as they nervously watch President Donald Trump and GOP congressional leaders move to repeal and replace the Obama-era health law.

AUTO INDUSTRY

VW Makes $5.4 Billion Profit in 2016, Limits Executive Pay

BERLIN (AP) – Volkswagen bounced back into the black in 2016 after suffering a loss the previous year due to the diesel emissions scandal, according to figures released by the German automaker Friday.

REAL ESTATE & DEVELOPMENT

US New-Home Sales Rise in Sign of Housing Market Health

WASHINGTON (AP) – Americans bought more new homes in January after a steep fall-off the previous month, a sign the housing market is healthy despite higher mortgage rates.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 68 68 2,786
MORTGAGES 63 63 3,496
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 6,422
BANKRUPTCIES 56 56 2,238
BUSINESS LICENSES 36 36 1,085
UTILITY CONNECTIONS 0 0 2,308
MARRIAGE LICENSES 27 27 581

Weekly Edition

Issues | About

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