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VOL. 132 | NO. 4 | Thursday, January 5, 2017

Convention Center Hotel Proposal Surfaces

A Denver financier whose work in the last 15 years is in developing and financing convention center hotels has very general plans for a 600-room Memphis Convention Center hotel at Front and Poplar where the Mud Island parking garage is currently.

I-Zone Leader Appointed SCS Chief of Schools

The leader of Shelby County Schools’ successful Innovation Zone schools, Sharon Griffin, is the new chief of schools for the system.

Germantown Planning Board OKs Trader Joe’s Change

Plans for Trader Joe’s Germantown location are changing again, and it could expedite the store’s opening.

Crime Issue Shows Complexity After Record Homicide Tally

When the subject is crime in Memphis, it never stays in one place for very long. Former Memphis Mayor Willie Herenton’s conclusion that the city’s problem with violent crime is a black problem drew criticism Tuesday, Jan. 3, from Memphis City Council member Janis Fullilove.

Last Word: Convention Center Hotel, The Crime Discussion and A Gas Tax Hike Plan

Grizzlies fall to the Clippers 115-106 in Los Angeles. They play Golden State Friday in another West Coast road game.

Local Weather
Currently
Memphis, TN
69.0°F
Light Rain
Wind: Southwest at 9.2 mph
Humidity: 90%

EVENTS

Mid South Area Business Travel Association will meet Thursday, Jan. 5, from 8 a.m. to 10 a.m. at The Peabody hotel, 149 Union Ave. A roundtable of airline, car and hotel providers will discuss what programs are available, how to qualify, the process for getting started and how to adjust and grow. Cost is $25 for members and $40 for nonmembers. Visit msabta.org. 

more events »

Booksellers at Laurelwood Set to Close

The Booksellers at Laurelwood has faced imminent closure before, the lights-out moment once so near that the representative of a liquidation chain paid a visit to get a look at the store and take stock of its inventory.

Tennessee Lawmakers Could Raise, Lower Taxes This Session

The 110th General Assembly is set to convene on Jan. 10 with unfinished business from previous sessions likely to dominate debate.

Growth Accelerates Need for Tennessee Road Projects

Tennessee’s lieutenant governor-in-waiting predicts Gov. Bill Haslam will propose a modest fuel-tax increase in early 2017 to bolster the state’s road and bridge construction program.

REAL ESTATE RECAP

Nordstrom Rack Files $1.5M Permit for Memphis Store

4572 Poplar Ave. -
Nordstrom Rack is moving one step closer to opening an East Memphis location in 2017.

LETTER TO THE EDITOR

Letter: Out-of-Towner Praises Memphians’ Kindness

This is probably late to express my gratitude but it is never too late. On Saturday, Aug. 27, 2016, I was trying to borrow a jack from AutoZone (they loan the tools, but not jack) to replace a damaged hubcap on the borrowed car that I was using. I was an out-of-towner in Memphis, didn’t know anybody, and tight on the budget, I was trying to DIY but needed a jack (the one in the trunk wasn’t good). 

LOCAL COLUMNISTS

Reactionaries, Evidence Vie on Medicinal Pot

Three-year-old Josie Mae Mathis of Greene County used to suffer hundreds of seizures daily from epilepsy and infantile spasms. Aden Vogus, a pre-teen from Brentwood, has seen his seizures all but disappear.

Bucket List Now Guiding The Way

I found myself earlier this week Googling “travel bucket lists.” I was helping my wife, Stacey, research bucket lists related to her fourth novel that was set to come out the next day. Her book, “This is 35,” follows a character who has become famous in part because of her bucket lists.

REGIONAL NEWS

Arkansas Lawmaker: Modifications Eyed for Medicaid Plan

LITTLE ROCK, Ark. (AP) – The top Republican in Arkansas' Senate says he expects lawmakers to begin modifying the state's hybrid Medicaid expansion even before the future of the federal health law that enabled the expanded insurance program is settled in Washington.

NATIONAL GOVERNMENT

Trump Names Wall Street Lawyer Clayton as SEC Chairman

WASHINGTON (AP) – President-elect Donald Trump on Wednesday chose a Wall Street attorney with experience in corporate mergers and public stock launches as his nominee to head the Securities and Exchange Commission.

ECONOMY

Fed Minutes: If Economy Heats Up, Rate Hikes May Accelerate

WASHINGTON (AP) – Federal Reserve officials, who boosted a key interest rate last month, said they might need to accelerate future rate hikes if a faster-growing economy pushes down the unemployment rate farther than currently expected.

Mortgage Rates, Home Sales and Prices Seen Rising in 2017

Nate Lowenstein has been shopping for a home in Los Angeles, on and off, for more than a year.

CONSUMER NEWS

Agency Orders TransUnion, Equifax to Pay $23M for False Ads

WASHINGTON (AP) – Federal regulators have ordered credit-reporting agencies TransUnion and Equifax to pay about $23 million for falsely advertising that the credit scores they sell consumers are the same ones lenders use to make credit decisions.

Comcast Wants to Tackle Bad Home Internet

LAS VEGAS (AP) – Comcast is hoping to make Wi-Fi in the home faster through an updated router – the machine that serves as data traffic cops for Wi-Fi networks.

AUTO INDUSTRY

US Auto Sales Near Record Highs in 2016

DETROIT (AP) – Demand may be slowing, but U.S. consumers still bought a whole lot of cars and trucks in 2016.

I-Zone Leader Appointed SCS Chief of Schools

The leader of Shelby County Schools’ successful Innovation Zone schools, Sharon Griffin, is the new chief of schools for the system.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 31 327 17,870
MORTGAGES 49 409 20,835
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 129 800 36,616
BANKRUPTCIES 51 243 11,925
BUSINESS LICENSES 21 117 5,677
UTILITY CONNECTIONS 41 215 12,248
MARRIAGE LICENSES 29 121 4,478

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