VOL. TMN-10 | NO. 17 | Saturday, April 22, 2017
In RegionSmart world, leaders learn to love their neighbors
In 2007, about a half-dozen Memphis companies came together to found the Urban Land Institute Memphis chapter. It was a fine start. Six years later, ULI Memphis was convening a group of mayors from the tri-state area and, at least initially, trying very hard to make it informal and non-threatening.
There can be an eye-roll factor to calls for regionalism. And some of that is justified. Over many years, we’ve seen leaders who didn’t want to be near one another – much less agree to anything – emerge from a meeting and declare a breakthrough simply because they had been in a room together.
The Memphis Business Academy is flexing its STEM muscles.
MEMPHIS, Tenn. (AP) – The former CEO of the Memphis Area Transit Authority has been placed on six months' diversion after entering a plea to charges of patronizing prostitution.
EMPHASIS Law Week
Law Week is a tradition that celebrates local legal professionals and continues the dialogue about law and justice issues in the Memphis community at large.
Judges, attorneys discuss judicial independence
When former U.S. Attorney General Michael Mukasey spoke at the University of Memphis Cecil C. Humphreys School of Law in April on the concept of judicial independence and the reality of judicial criticism, he came with some criticism of his own of the judiciary.
Two decades ago, commercial third-party litigation financing was as small and uncommon as to be “negligible,” in Charles Agee’s words. Maybe $100 million in such funding per year.
Nahon, Saharovich & Trotz PLC, the largest plaintiff-based law firm in Tennessee, is looking to cultivate the next generation of litigators.
THE MEMPHIS NEWS ALMANAC
1865: The steamboat Sultana, many times over its capacity of several hundred people on board, explodes on the Mississippi River north of Memphis after docking at the cobblestones Downtown. Most of the passengers on board are Union soldiers just released from Confederate prison camps at the end of the Civil War, many returning to homes in East Tennessee.
The city of Bartlett has 29 parks, and every one of them has a walking trail. But the path that formally opens to the public Friday, April 21, at a trailhead at Santa Valley Road and U.S. 64 is Bartlett’s first venture in a full-fledged greenway.
Shelby County Circuit Court Judge Mary Wagner has approved an agreement to settle a class-action lawsuit against First Tennessee Bank related to overdraft fees that calls for the bank to put $16.8 million into a settlement fund.
The Greater Memphis Chamber has set a goal of 600 new business-to-business contracts for minority- and women-owned enterprises and locally-owned firms by the end of the year.
Shelby County commissioners took a hard line Monday, April 17, on increasing the share of county government contracts for minority and locally owned businesses now that it has a plan for tackling a documented disparity for such contracts.
In a lot of ways Memphis and Detroit are kindred spirits. Both cities have similar populations, demographics, soul-laced musical legacies and are both looking to rebuild their economies after getting hammered by the recession.
Redevelopment is a ubiquitous term in Memphis right now. Major projects such as the Crosstown Concourse and ServiceMaster’s new headquarters are located well within the city limits, but according to Ellen Dunham-Jones, that is only just one piece of the puzzle.
The Economic Development Growth Engine for Memphis and Shelby County on Wednesday, April 19, granted tax abatements for a pair of companies with capital investment plans totaling $34 million and approved a resolution that allows the Greater Memphis Alliance for a Competitive Workforce to merge into EDGE.
TRANSPORTATION & LOGISTICS
The Memphis International Airport unveiled an updated $214 million, multiyear plan to completely overhaul its B Concourse, where almost all of the airport’s operations will be consolidated upon completion.
U.S. foreign policy should be to “keep the volume up” on North Korea’s progress in developing a nuclear capability and intercontinental ballistic missiles, says U.S. Sen. Bob Corker, “with the acknowledgement that what you could bring in is Russia, China, South Korea and Japan into a conflict.”
As he presented the Bobby Dunavant Public Servant Award Tuesday, April 18, to Collierville Mayor Stan Joyner, U.S. Sen. Bob Corker recalled fondly his time as the mayor of Chattanooga.
A coalition of 13 organizations and 17 citizens, including Shelby County Schools board chairman Chris Caldwell and state Reps. Raumesh Akbari and G.A. Hardaway, are calling on Memphis Mayor Jim Strickland to include at least $10 million in funding for schools in the budget he takes to the Memphis City Council next week.
GOVERNMENT & POLITICS
Shelby County commissioners set the tone for the upcoming county government budget season Monday, April 17, by approving a refinancing of county debt with up to $120 million in bonds over time.
Jim Steffen is pedaling harder this year. The proprietor of The Bikesmith – an operation that includes a truck that doubles as a mobile bike shop and a retail presence inside a converted auto garage at 509 N. Hollywood St. – is making good on his ambition to do more this year.
REAL ESTATE & DEVELOPMENT
Though small to mid-sized leases comprised the majority of leasing activity, the Memphis area office market got off to a healthy start in 2017, according to Cushman & Wakefield/Commercial Advisors’ first quarter Marketbeat report.
When Hernando West first surfaced in 2007, it was going to be a different kind of development south of the state line. But the recession that followed put the plans for the city’s first mixed-use development on hold – until recently.
Not long after the opening of the Downtown bar, restaurant and entertainment space Loflin Yard, Janet Boscarino just knew.
THE TIPPING POINT
Imagine you’re in a helicopter. Stretched out beneath you is one of the country’s largest urban parks – 4,500 acres of sprawling hills, glistening lakes, and furry green forest, dotted with tiny people who are walking, cycling, picnicking, fishing, kayaking and riding horses.
After embarking on a major expansion of its emergency department – one of the busiest in Memphis – Methodist South in Whitehaven is preparing to launch another significant renovation project.
The tone had been set three nights earlier in San Antonio. First-year coach David Fizdale had watched his team not just get beat by the San Antonio Spurs, but in his view disrespected by the officials.
At first, new Memphis Redbirds manager Stubby Clapp wasn’t all that comfortable in his own office. When the Redbirds played the St. Louis Cardinals in an exhibition game at AutoZone Park just before the big league season started, Clapp saw his desk as almost a foreign object.
The NFL Draft starts on Thursday, April 27, and it seems more than likely that Texas A&M defensive end Myles Garrett will go first overall to the hapless Cleveland Browns.
Every player is on his own timetable. No matter the position he plays, no matter when and where he was drafted. Memphis Redbirds third baseman Patrick Wisdom, 25, came into the St. Louis Cardinals’ system with high – fast-track – expectations. Selected in the supplemental first round (52nd overall) of the 2012 First-Year Player Draft out of St. Mary’s College, Wisdom was tabbed by Baseball America as the 71st best overall prospect.
With only two returning scholarship players from last season’s team, University of Memphis basketball coach Tubby Smith continues to mine the junior college ranks for players he hopes can contribute immediately.
Tennessee football coach Butch Jones knew he got a special player when he signed five-star offensive lineman Trey Smith of University School of Jackson.
Tennessee completes its fifth spring practice under head coach Butch Jones on Saturday, April 22, at 4 p.m. with the DISH Orange & White Game at Neyland Stadium.
The first time I heard the term “good locker room” in relation to an NFL team, I figured it had something to do with TVs, air conditioning and nearby shower accommodations.
In Jon Robinson and Mike Mularkey the Tennessee Titans trust – completely.
REAL ESTATE RECAP
6055 Primacy Pkwy., Memphis, TN 38119 -
Primacy II, a 123,265-square-foot East Memphis office building, has a new owner thanks to a huge $17 million deal.
John Paul Shaffer recently was named executive director of BLDG Memphis, the rebranded entity that brings the Community Development Council of Greater Memphis and Livable Mem-phis under a single organizational identity.
Memphis Mayor Jim Strickland lauded the Tennessee Legislature for passing the IMPROVE Act, including a combination of fuel tax and fee increases designed to improve transportation funding.
The House and Senate are nearly ready to send the IMPROVE Act to Gov. Bill Haslam, passing it with relatively wide voting margins after months of debate.
The state Senate approved legislation enabling the Memphis City Council to consider an ordinance to create a new hotel/motel tax of no more than an aggregate of 5 percent to go toward the city-owned Memphis Cook Convention Center.
State Rep. Raumesh Akbari grew so emotional she couldn’t speak. On the verge of tears, the Memphis Democrat started to talk about a high school from her Shelby County district with a large number of undocumented immigrant students.
Members of the Legislature’s Veterans Caucus are renewing a call to increase property tax relief statewide for veterans and the elderly in a measure separate from the governor’s IMPROVE Act.
NASHVILLE – Votes aren’t adding up in the House of Representatives for passage of the governor’s gas tax/tax cut legislation.
NASHVILLE – Legislation stemming from the infamous voting-booth selfie by pop star Justin Timberlake sailed through the Senate on Thursday, April 13.
Ray’s Take Target-date funds are mutual funds that contain a collection of other mutual funds that are designed to invest aggressively at the beginning and, over a long time horizon, move money into progressively more conservative holdings as the target date approaches.
Our goal was The Wizarding World of Harry Potter. Universal Orlando Resort is home to adjoining amusement parks, Islands of Adventure and Universal Studios Florida, and both have their own unique spin on Harry Potter.
Editor’s note: At press time, The Daily News learned a proposal to construct two silos on the riverfront was withdrawn from the Board of Adjustment agenda.
Nearly every growing company faces a phenomenon – at multiple points in its growth trajectory – where the leadership team feels stuck, growth stalls or halts, and everything starts to feel complex. The strategies of the past that served them so well are no longer working. Revenue has plateaued and frustration is creeping into the organization.
Loyalty is an important quality. It’s what helps bind friendships and loved ones. It’s what holds teams together. But, dare I say it – there are limits to loyalty.
There is an ideal board in the consciousness of many nonprofit leaders. It often involves members who are engaged in governance and fundraising; who advocate for the organization; and serve as community ambassadors building relationships and partnerships.
Maybe you’ve been in this meeting or one like it. Competing agendas fly like bullets. The pace of conversation speeds up. Interruptions pounce out the façade of civility. People anxiously wait to talk, heads burning with desire, rather than listen.
Our current administration’s platform desires to be brilliant at the basics, but what is the definition of basic?