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VOL. 131 | NO. 197 | Monday, October 3, 2016

Bass Pro Shops to Acquire Rival Cabela's for $5.5B

Bass Pro Shops, the iconic outdoor retail company that last year opened a destination store in Memphis’ Pyramid arena, has announced plans to acquire publicly traded rival Cabela’s Inc. in a roughly $5.5 billion deal.

The Week Ahead: October 3-9

Well, Memphis, it’s a new month and your Grizzlies return to the court for another season of thrills under a new head coach, David Fizdale. The week starts off with a presidential visit – no, not one of the frontrunners, but a Green Party candidate who will be stumping in Crosstown. Here's what else you need to know in The Week Ahead...

Trezevant Football Grading Scandal Mars School Turnaround

At the last Shelby County Schools board meeting of 2015, the Trezevant High School football team stood before the board as state champions in their football division – the first football championship in the history of the Frayser school.

Study: Memphis Metro Home to Large Unbanked Population

The U.S. is home to a little less than 10 million so-called unbanked households – those in which no member has a bank account.

Artspace Locks in Rents in Hot Area

A Downtown apartment complex will lock in affordable rents in one of Memphis’ most expensive areas. The South Main Artspace Lofts saw a formal groundbreaking Thursday, Sept. 29, at the giant United Warehouse building at 138 St. Paul Ave., tucked off of South Main.

Local Weather
Currently
Memphis, TN
28.0°F
Fair
Wind: Southwest at 5.8 mph
Humidity: 60%

EVENTS

Rhodes College’s Africana Studies program will present “Listen, Rock, Resist” on Monday, Oct. 3, at 7 p.m. in Hardie Auditorium on campus, 2000 North Parkway. Musical artist Mobley will perform and join musicologist Fredara Hadley in a conversation about “how to listen and rock between the lyrics.” Cost is free. Email mckinneyc@rhodes.edu for more information.

more events »

Last Word: Festival Season, The Unbanked and Artspace Lofts Gets Started

It was one of those weekends. In thinking back on it you will probably add rich fall colors on the trees that will come just a bit later. And since you are adding things you might give the Tigers another touchdown or two – or not, depending on where your allegiances are.

Memphis Nonprofits are Sharing What They Know About Students, and the Shift is Seen as Paying Off

The local conversation about how to help students succeed got a boost last week as hundreds of people invested in that question descended on Memphis to learn how to work together better.

THE MEMPHIS NEWS

Logistical Nightmare

Lamar corridor stuck in the slow lane without federal funds

Lamar Avenue is a $300 million problem. Rush hour on Lamar turns into several hours, and for the hundreds of distribution centers located near the corridor, just-in-time delivery is nearly impossible in the face of miles of congested traffic.

Editorial: Pot Ordinance Isn’t Perfect, But It Still Has Benefits

The Memphis City Council is scheduled to vote this week on a much-discussed proposal that would decriminalize the possession of small amounts of marijuana. What’s at stake is about more than weed.

Sept. 30 – Oct. 6, 2016: This week in Memphis history

2011: Formal opening of Legends Park, the mixed-use mixed-income development built where the Dixie Homes public housing project once stood.

LAST WEEK'S MOST POPULAR

Ellis Haguewood Enjoying His Final Year as MUS Headmaster

For Ellis Haguewood, headmaster at Memphis University School (MUS) for the past 22 years, the relationships he has forged with students and colleagues during his 48 years at the school are the things he holds most dear. Haguewood will retire at the end of the school year, marking the end of an era in which MUS has prospered both inside and out of the classroom.

Smith Hands Off FedEx President’s Position To Bronczek

With little fanfare, FedEx Corp. founder Fred Smith introduced himself Monday, Sept. 26, at the start of the company’s annual shareholder’s meeting as the board chairman and CEO of the company.

BlueCross Dropping ACA Coverage in Memphis Area

BlueCross BlueShield of Tennessee is dropping its Affordable Care Act marketplace plan coverage in three major regions of the state, including Memphis, pointing to losses of nearly $500 million on such plans by the end of 2016.

National Experts to Explore Parking, Transit Solutions for City’s Core

Billions of public and private dollars being invested in the urban core of Memphis have civic leaders thinking about long-term transportation and parking solutions that will best serve the area as it evolves.

Power of the Mighty Mississippi Rushes Below Big River Crossing

Autumn is a few days late in arriving, but just in time for a stepped-up schedule of tours of the Big River Crossing this week.

REGIONAL NEWS

ABB Aims to Grow to 500 Jobs in Senatobia Within 5 Years

SENATOBIA, Miss. (AP) – Swiss firm ABB said Friday that it hopes to increase employment at its Tate County plant from 89 workers now to as many as 500 in five years. That's 200 more employees than the company had previously announced.

STATEWIDE

Men Broke Key Race Barrier, Now Back on Vanderbilt Campus

NASHVILLE, Tenn. (AP) – Two men who helped integrate college basketball came back to Vanderbilt University last week to share provocative views on the pace of change, take up matters they rarely dared to address as students, and describe the racism they encountered on their journey – indignities they once endured in silence on the Southern campus.

NATIONAL BUSINESS

A Year of Alphabet: Great for Google, Less So for Moonshots

SAN FRANCISCO (AP) – Reorganizing itself under the umbrella company Alphabet has done wonders for Google – but less so for a grab bag of eclectic projects ranging from robotic cars to internet-beaming balloons, which are suffering costly growing pains.

Allegiant Says It Has Met FAA's Safety-Related Concerns

DALLAS (AP) – Federal aviation officials are satisfied that Allegiant Air is taking steps to address problems that inspectors found during a three-month review of the low-cost airline.

MARKETING & ADVERTISING

Man Who Got Generations Singing Oscar Mayer Wiener Song Dies

CHICAGO (AP) – The man who got generations of hot dog lovers singing along to the Oscar Mayer Wiener song has died.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 90 90 890
MORTGAGES 131 131 1,083
FORECLOSURE NOTICES 24 51 146
BUILDING PERMITS 187 319 1,524
BANKRUPTCIES 38 85 576
BUSINESS LICENSES 0 74 240
UTILITY CONNECTIONS 27 28 365
MARRIAGE LICENSES 0 0 82

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