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VOL. 132 | NO. 19 | Thursday, January 26, 2017

Memphis Mayor Creates Riverfront Task Force to Build Cohesion

The city’s latest push for riverfront development is putting an emphasis on linking up recent changes on the riverfront like Beale Street Landing to Downtown’s core and filling in gaps between those attractions.

State Sens. Harris, Kelsey Critical of TVA Water Wells

When Odell Johnson goes on business trips he looks forward to seeing water pumping plants in other cities that use surface water for drinking water.

Report: Amazon Wants to Take On AutoZone, Other Parts Retailers

AutoZone earlier this week got a taste of what just a hint – however thinly sourced – of fresh competition from the retail behemoth Amazon can do to investor nerves.

DMC President Patterson Talks About ‘Tough’ Downtown Walk

Downtown Memphis Commission president Terence Patterson keeps imagining a walk from the Pyramid to the National Civil Rights Museum as a test of where Downtown is and where he wants it to be.

Last Word: Connecting Downtown, Tranquil Treasure and Gas Tax Complexities

Temple over the Tigers Wednesday in Philadelphia 77-66. East Carolina at the Forum is coming up Saturday. Grizz and Raptors at the Forum Wednesday evening and the Grizz win 101 – 99. The Grizz are on the road starting Friday against the Trail Blazers.

Local Weather
Currently
Memphis, TN
32.0°F
Fair
Wind: Calm mph
Humidity: 69%

EVENTS

PizzaRev will hold a grand opening for its first Memphis location Thursday, Jan. 26, at 10:30 a.m. at 6450 Poplar Ave., suite 119. Thursday will be a pay-what-you-want fundraiser for Le Bonheur Children’s Hospital; customers can pay what they want for a personal pizza, with all funds being donated to the hospital. Visit pizzarev.com.

more events »

Germantown Board Approves Change for Trader Joe’s

The much-anticipated Trader Joe’s in Germantown took another step forward Tuesday night.

Shelby County Schools Board to Vote on Closing Dunbar, Carnes Elementary

Shelby County Schools board members will vote next week on closing Carnes and Dunbar elementary schools effective at the end of the current school year. The board reviewed the recommendation from superintendent Dorsey Hopson at a Tuesday, Jan. 24, work session with little debate.

NBA Writer Sees Gasol, Conley as All-Stars

At espn.com, senior writer Zach Lowe has made his All-Star reserve picks and he has deemed both point guard Mike Conley and center Marc Gasol worthy of representing the Grizzlies on the Western Conference team.

TENNESSEE LEGISLATURE

State Prosecutors Fighting for Funds Threatened by Haslam’s IMPROVE Act

Tennessee’s district attorney generals are negotiating with the governor’s office to keep $5.6 million for DUI enforcement and prosecution, federal funds they could lose in an unintended consequence of his proposed IMPROVE Act.

View From the Hill: Haslam Facing Tough Sell on Tax Hikes, Cuts

An interesting thing happened just a couple of hours before Gov. Bill Haslam unveiled his fuel-tax increase plan amid great fanfare at the State Capitol. 

Haslam: Decade-Long Delay for Road Projects Without Gas Tax Hike

MURFREESBORO, Tenn. (AP) – Republican Gov. Bill Haslam warned Wednesday that if lawmakers don't get on board with the state's first gas tax increase since 1989, they will be in for long wait before they will see nearly 1,000 important road and bridge projects come to fruition around Tennessee.

SNAPSHOT

Snapshot: Breaking the Seal on Hotel Napoleon

Memphis Mayor Jim Strickland cuts the ribbon at the formal opening of Hotel Napoleon at 179 Madison Ave. on Tuesday, Jan. 24. The boutique hotel, which officially opened last fall, has 58 rooms and a variety of upscale amenities.

REAL ESTATE RECAP

Downtown Church Ready to Rise From the Ashes

204 N. Second St., Memphis, TN 38105 , Permit Amount: $2.6 million, -
More than 10 years after a fire ravaged First United Methodist Church, church officials are ready to move forward with the next phase of the rebuilding process.

LOCAL COLUMNISTS

Excellent Work Uplifts Humanity

Work is fundamental to the dignity of a person, whomever we are, whatever we do. There is an inherent need to contribute to our community and to see the work that we do as making a difference.

MEMPHIS AREA

No Charges Against Officer in Shooting of Memphis Man

MEMPHIS, Tenn. (AP) – The top prosecutor in Memphis, Tennessee, says no criminal charges will be filed against a police officer who fatally shot a man during a confrontation inside a home last year.

STATEWIDE

Former Knoxville Lawmaker Gets Probation for Tax Conviction

KNOXVILLE, Tenn. (AP) – Former Democratic state Rep. Joe Armstrong has avoided a prison sentence for his federal tax fraud conviction.

REGIONAL NEWS

Official: Amazon to Start Charging Tax on Mississippi Sales

JACKSON, Miss. (AP) – Mississippi's chief tax collector has announced that internet retailing titan Amazon will collect Mississippi's 7 percent sales tax beginning Feb. 1.

NATIONAL GOVERNMENT

Trump Moves to Build Border Wall, Cut Sanctuary City Funds

WASHINGTON (AP) – President Donald Trump moved aggressively to tighten the nation's immigration controls Wednesday, signing executive actions to jumpstart construction of a U.S.-Mexico border wall and block federal grants from immigrant-protecting "sanctuary cities."

Trump Announces 'Major' Voter Fraud Investigation

WASHINGTON (AP) – President Donald Trump tweeted early Wednesday that he is ordering a "major investigation" into voter fraud, revisiting unsubstantiated claims he's made repeatedly about a rigged voting system.

MONEY & MARKETS

Dow Jones Industrial Average Breaks Through 20,000 Milestone

The Dow Jones industrial average crossed the 20,000 mark for the first time Wednesday, the latest milestone in a record-setting drive for the stock market.

Dow 20,000: What Does It Mean and Where Does It Go?

With the Dow Jones industrials above 20,000, it's natural to ask what's going on and what, if anything, investors should do. Here are some answers to common questions that people have about the stock market.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 115 270 19,843
MORTGAGES 141 311 23,225
FORECLOSURE NOTICES 35 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 74 196 13,300
BUSINESS LICENSES 25 48 6,185
UTILITY CONNECTIONS 40 125 13,120
MARRIAGE LICENSES 15 73 4,915

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