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VOL. TMN-8 | NO. 43 | Saturday, October 17, 2015
Weekly Issue

New Mayor in Town

After winning the seventh floor, Jim Strickland’s journey is just beginning

Jim Strickland has some big decisions to make.

Precinct Breakdown Maps Mayoral Race Battlefield

A precinct-by-precinct breakdown of the vote in the Memphis mayor’s race shows Mayor-elect Jim Strickland carried eight of the 10 highest turnout precincts, five of them with better than 65 percent of the vote.

THE MEMPHIS NEWS EDITORIAL

Editorial: Election Night Marred By Recurring Incompetence

The next 10 weeks will go by quickly for Jim Strickland.

Serving Notice: Memphis Football a National Story Now

They were down 14-0 not six minutes into the game. And they had given up a 68-yard touchdown on a trick play when star Ole Miss receiver Laquon Treadwell threw a pass.

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EVENTS

Flocktoberfest Fireworks, featuring the Memphis Symphony Orchestra, will take place Friday, Oct. 23, at dusk outside Bass Pro Shops at The Pyramid, 1 Bass Pro Drive. The free concert and fireworks spectacular is part of the World’s Hunting & Waterfowl Expo, Oct. 16-25 at Bass Pro. Visit basspro.com/waterfowlexpo for a list of events and activities.

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New Tax Breaks Attract Grocers to Memphis Food Deserts

Two of Memphis’ prominent food deserts are on the mend with possible tax breaks to attract grocery stores.

First Horizon Set to Buy Back Shares, Keep Lid on Expenses

The week’s end found the chairman and CEO of First Tennessee Bank’s parent company in a bit of a philosophical mood about his financial institution, First Horizon National Corp., as well as the industry as a whole.

Riverside Condo Tower Unveils New Look

Despite being unfinished and empty for six years, the 16-story building at the corner of Riverside and Channel 3 drives has remained a landmark in the Downtown skyline. And finally, the lights are coming on.

Beale Authority Ready To Issue Manager RFP In November

The timeline is tight. But with the city of Memphis elections done, the Beale Street Tourism Development Authority is ready to move on several fronts before the end of the year to take control of the entertainment district and hire a day-to-day property manager.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: October 16-22

2010: On the front page of The Daily News, the Industrial Development Board grants a $72 million payment-in-lieu-of-taxes agreement to Cargill Inc. to renovate and expand its Presidents Island corn milling operation. The eight-year agreement saves Cargill $11.5 million in taxes and keeps 370 jobs in Memphis.

EMPHASIS Insurance

Fred Davis Looks Back on Long Career

Fred Davis can laugh about it now, but the founder of the Fred L. Davis Insurance Agency – which opened its doors back in 1967, the year before Davis was elected to the Memphis City Council – wasn’t always as sanguine about the color of his hair.

PACE Act Brings Fresh Attention to Insurance Policy Fixes

President Barack Obama’s signing of the Protecting Affordable Coverage for Employees Act (PACE) in recent days has some small businesses now relieved that they’ll be spared from health insurance premium increases.

Client Compassion Drives Clay & Land’s Cook

Kathryn Cook finds her profession rewarding. But building a successful career in an industry that doesn’t have many female producers hasn’t been easy, particularly for the single mother of a special-needs child.

Snapshot: Court Square for the Cure

Breast cancer survivor Lisa Robertson (center) with five of her grandchildren, from left: Ayuana Rucker, DuQuon McCain, Dakenya Hooker, Anaigia Ricker and Divine McCain.

Dunavant Touts Direct Sales

Woodson Dunavant and Don Lake are used to the question now that Dunavant Enterprises is through its non-compete with Dreyfus Commodities, the company that bought its global cotton operation in 2010.

Beale Street Caravan Expanding Reach, Locally and Beyond

Beale Street Caravan executive producer Kevin Cubbins has realized something over the course of the radio program’s now 20-year run.

DMC Eyes More PILOTs for ‘High-Impact’ Development

The proposed Midtown mixed-use development at McLean Boulevard and Union Avenue has turned a corner with newly approved tax breaks.

Memphis Cab Company Holds On Against Newer Upstarts

Competition and the presence of new upstarts shaking up the status quo are par for the course when it comes to running a business over the long term.

Long-Awaited Artesian Opens on Riverside

Despite being unfinished and empty for six years, the 16-story building at the corner of Riverside and Channel 3 drives has remained a landmark in the Downtown skyline.

Downtown Memphis Artspace Project Wins $200K Grant

The South Main Artspace Lofts got a big boost from the Downtown Memphis Commission in an “extraordinary” grant that went beyond the parameters of its established financial incentive programs.

Hattiloo Forum Explores Black Generation Gap

Always looking for a good topic of conversation, Hattiloo Theatre founder Ekundayo Bandele decided to put a group of millennials and active senior citizens together.

Collierville Sites Being Groomed to Attract Industrial Development

Cartwright Farms in the Collierville Commerce Center is a 165-acre lot well positioned for new industrial activity.

Heading Up DMC Is Next Chapter in Terence Patterson’s Memphis Story

“He’s impressive, and I like him.” So summed up Downtown Memphis Commission president Paul Morris about the general sentiment in electing Terence Patterson to take over the post when Morris steps down next month.

‘Blue Lives Matter’ Campaign Spreading Across the Country

The person was not a politician, wasn’t famous and wasn’t in law enforcement. He – or she – just wanted to thank local enforcement people for the service they provide every day.

Bring It Food Hub Looks To Expand Reach and Participants

Operating adjacent to Trolley Stop Market, at 694 Madison Ave., a food-focused nonprofit has just kicked off the fall season of its work connecting Memphians to healthy food from local farms.

Music Legacy

Newman takes reins at Blues Foundation

When Barbara Newman took over as president and CEO of The Blues Foundation, it was her first job in the music industry.

US Cold Storage Latest Growth For Tipton County

Phil Coles remembers one job interview in particular as he was hiring for the new United States Cold Storage plant in Covington, Tenn.

Vet Clinic Proposed For Binghampton Corner

A new veterinary clinic at the northwest corner of Sam Cooper Boulevard and Tillman Street will keep the lights on 24/7 and hopefully direct activity to Memphis’ less-trafficked Binghampton core.

POLITICS

2016 Elections Already Taking Shape

Back in September, when the Memphis mayor’s race was still a race, Shelby County General Sessions Court clerk Ed Stanton walked out of his office at the Shelby County Courthouse, crossed both cratered and potholed lanes of Washington Avenue, entered the Shelby County Election Commission offices and kicked off the 2016 campaign season.

Shelby County Commission Continues Quest for Legal Autonomy

Shelby County commissioners have hired an attorney in their continued exploration of retaining their own permanent legal counsel independent of the county attorney’s office.

Five City Council Races Destined for Runoffs

The identity of the Memphis City Council that will take office in January with six new members was still in flux at the end of a very long and frustrating Oct. 8 election night.

SPORTS

Grizzlies, the Story and the Brand, Winning at Box Office, Too

Memphis is backup point guard Beno Udrih’s sixth NBA city. And the four most previous ones – Sacramento, Milwaukee, Orlando and New York – have not been happy places of late.

Just Another Predictable SEC Football Season? Not Quite

The Ol’ Ball Coach resigned at South Carolina. No more Steve Spurrier fun and frivolity at SEC Media Days, no more jabs at opposing coaches, no more quips that make sports writers tingle.

Better Titans Doing Nothing for Whisenhunt’s Record

The whispers are already out there. How much job security does Ken Whisenhunt really have with the Tennessee Titans?

Here’s How Vols Grade Going Into Second Half

Order has been restored in Vol Nation, at least for now.

NEWSMAKERS

Attorney Rob Ratton Joins Fisher & Phillips

Robert W. Ratton has joined Fisher & Phillips LLP’s Memphis office as of counsel, a role in which he represents employers in a wide range of employment law matters and supports clients with internal investigations and compliance issues. Ratton most recently served as a staff attorney at TruGreen LP.

REAL ESTATE RECAP

Belz Sells Champion Hills Office Building for $7.8M

3725 Champion Hills Drive, Memphis, TN 38125, Sale Amount: $7.8 million -
Belz Enterprises made another big real estate deal on the tail of its recent announcement to redevelop the corner of McLean Boulevard and Union Avenue into a mixed-use development.

SMALL BUSINESS

Sue Layman Designs Brings Color to Life

Sue Layman Lightman enjoyed her career in the public relations industry.

TENNESSEE LEDGER

Why Are Tennessee’s ACA Rate Hikes Among Nation’s Largest?

Can you imagine your car payment going up by 44 percent next year? Or that the cost of your cable was going up another 36 percent per month?

Alternative Health Policies Still Available at Premium Prices

As owners of East Nashville’s popular Art & Invention Gallery, Meg and Bret MacFadyen are part of the city’s growing population of creatives, a group that includes entrepreneurs, artists, musicians, writers and all sorts of contractors.

LOCAL COLUMNISTS

Ghosts Of A Paper

–30– In 1936, she was the society editor and all of 24 and he was a graphic artist for The Commercial Appeal and barely 21. A man walked up to her desk, the first one you came to off the elevator at the front of the old city room, and asked, “Could you tell me where I could find Cal Alley?”

What Hiring Managers Wish You Knew

Recently, I had the opportunity to speak with a group of hiring managers at a conference hosted by the Society for Information Management. It’s an organization that encourages networking and education for technology leaders.

Home… Free?

Ray’s Take Wikipedia defines a mortgage-burning party as a 20th-century American custom that is the ritual burning of a paid-off mortgage document by homeowners often including a party in which extended family and friends are invited to celebrate.

‘Order in the Lobby!’

TAMPA, FLA. – “Inspiring architecture complements the warm palette and modern touches of the new Le Meridien Tampa.” Thus begins an online promo for the building I am sitting in – a century-old federal court building that’s been transformed into an unusual boutique hotel.

Posturing Against Supreme Court Is a Waste of Money

Legislation rejecting the U.S. Supreme Court’s same-sex marriage ruling faces major constitutional questions and, if passed, could put a financial burden on Tennessee taxpayers.

Are Salespeople Born or Made?

“Is greatness born – or is it made?”

Keys to Unlocking Board Involvement

Editor’s note: This is part three of a three-part series. The vitality of a nonprofit lies with its board members. Their individual and collective action, engagement and clarity of mission make a difference in the world. In this final installment of our interview with Lisa Hoffman we share her thoughts regarding the important work of a nonprofit board.

Puerto Rico Provides Tropical Alternative

It’s October. You’re probably thinking pumpkins, crisp weather, football, campfires and weekends away to view the beautiful changing leaves.

Culture is The Key Indicator Of Innovation

An odd dynamic is taking place among the C-suite of many companies. They demand more innovation from the organization without really knowing what that means and the implications it has for the organization.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 312 16,192
MORTGAGES 0 293 18,685
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 655 33,126
BANKRUPTCIES 0 237 10,737
BUSINESS LICENSES 0 112 5,198
UTILITY CONNECTIONS 0 127 11,344
MARRIAGE LICENSES 0 94 3,867

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