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VOL. 131 | NO. 170 | Thursday, August 25, 2016

Crosstown High, 4 Other Charter Schools Win Approval

Shelby County Schools board members approved a new Crosstown High charter school Tuesday, Aug. 23, for the Crosstown Concourse development and four other new charters for the 2017-2018 school year.

Uptown Vision

Carter Work Project lifting up Bearwater Park subdivision

Brand new sidewalks, streetlights and paved roads set the stage for Habitat for Humanity’s Jimmy and Rosalynn Carter Work Project in North Memphis, where nearly 500 volunteers have descended this week to build a subdivision from scratch.

Lipscomb Pitts Breakfast Club Rebrand Points to Growth, Busy Future

Sometimes, an organization changing its name becomes a foregone conclusion because it’s just time to change, maybe to shake things up. In the case of the Lipscomb Pitts Breakfast Club, though, a rebrand became necessary simply because the old one didn’t fit anymore.

City Council Sets Coliseum Deal with Wiseacre

And so the due diligence part of turning the Mid-South Coliseum into an expanded Wiseacre Brewery begins a four- to six-month run, with lease terms between the city and Wiseacre set if the concept proves to be feasible.

Last Word: Bearwater Progress, Defining Certainty and A Special Session After All

  12:14am

The older couple have been spotted around town a lot taking in the nightlife.

Local Weather
Currently
Memphis, TN
80.0°F
A Few Clouds
Wind: Calm mph
Humidity: 82%

EVENTS

Sales & Marketing Society of the Mid-South will host a networking happy hour Thursday, Aug. 25, from 4 p.m. to 6 p.m. at the DoubleTree hotel, 5069 Sanderlin Ave. Cost is free; cash bar provided. Visit sms-midsouth.org.

more events »

Beale Tourism Authority Eliminates 2 Firms as Potential Managers

As Brian Saulsberry’s DSG Group was being ruled out from a role in a renovated Mid-South Coliseum at City Hall Tuesday, Aug. 23, the Beale Street Tourism Development Authority dropped DSG from consideration to be the day-to-day manager of the entertainment district.

REAL ESTATE RECAP

Artspace Begins $17M Affordable Housing Project

138 & 120 St. Paul Ave. -
The South Main Artspace Lofts will be moving into the South Main Historic Arts District this year. The $17 million project, first announced in December 2011, has secured its final round of financing and has set a formal groundbreaking for Sept. 29.

LOCAL COLUMNISTS

Give Anger the Silent Treatment

I heard a story recently about a woman whose husband was dead for three days before she called for help. When the paramedics arrived they asked her why she waited so long to call. “I didn’t realize he was dead,” she said. “I thought he was just giving me the silent treatment.”

Lessons Learned from Delta’s Power Outage

Recently, tens of thousands of Delta Air Lines passengers worldwide were stranded as a result of a power outage within the company’s computer system. When the Delta Technology Command Center in Atlanta lost power, the critical systems and network equipment failed to switch over to a backup system.

Dolly Parton Sharing Love of Reading

“You can never get enough books into the hands of enough children.” – Dolly Parton.

Toast to the Achievement School District

Somebody forgot to tell the Achievement School District it had to follow a few simple rules when the Legislature formed it a few years ago to save failing schools: Primarily, don’t party with the money.

MEMPHIS AREA

Officer, Sheriff's Sergeant Charged With Buying Stolen Goods

MEMPHIS, Tenn. (AP) – Federal prosecutors say a Memphis police officer, a Shelby County sheriff's sergeant and a nightclub owner have been charged with buying liquor, electronics and shoes that they believed were stolen.

STATEWIDE

Tennessee's Choice: Repeal Underage DUI Law or Give Up $60M

NASHVILLE, Tenn. (AP) – If it comes down to it, Gov. Bill Haslam says Tennessee will make the hard choice to repeal a new drunken driving law rather than forego millions in federal road money.

Free Hunting Day Lets Tennesseans Hunt Without License

NASHVILLE, Tenn. (AP) – Tennessee residents can hunt without a license on Saturday.

Renewed Effort Underway to Bring Bike Share to Knoxville

KNOXVILLE, Tenn. (AP) – Knoxville officials want to bring a bike share program to the city that is home of the state's flagship public university.

Tennessee Titans Tight End Craig Stevens Planning to Retire

NASHVILLE, Tenn. (AP) – Tennessee Titans tight end Craig Stevens is retiring at the age of 31.

HEALTH CARE & BIOTECH

AstraZeneca to Sell Antibiotic Pills Business to Pfizer

LONDON (AP) – Pharmaceutical company AstraZeneca plans to sell its antibiotic pills business to Pfizer in a deal that will be valued in excess of $1.5 billion when rights, royalties and other payments are included.

REAL ESTATE

US Home Sales Fell in July Amid Inventory Shortage

WASHINGTON (AP) – US homebuyers pulled back in July, as sales declined amid a shortage of available properties and steadily rising prices.

ECONOMY

The Hidden Risk to the Economy in Corporate Balance Sheets

NEW YORK (AP) – America has a debt problem, but it's not what you think. Yes, the federal government owes trillions of dollars more than it did a few years ago. Yes, Americans are still struggling to pay off mortgages and student loans. But it's the buildup in debt elsewhere that is most worrying some experts, and the big borrower this time may come as a surprise: Corporate America.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 334 13,174
MORTGAGES 106 460 16,558
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 0 613 28,363
BANKRUPTCIES 66 272 9,887
BUSINESS LICENSES 15 79 4,334
UTILITY CONNECTIONS 0 288 16,177
MARRIAGE LICENSES 16 77 3,453

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