VOL. 132 | NO. 221 | Tuesday, November 7, 2017
Memphis Mayor Jim Strickland’s tentative plan for the redevelopment of the Mid-South Fairgrounds, presented Monday, Nov. 6, included a renovation of old Melrose High School in neighboring Orange Mound and a confirmation that the city administration doesn’t think the Mid-South Coliseum should be part of a youth sports tournament complex.
Shelby County government is suing Shelby County Commission chairwoman Heidi Shafer over her decision last week to hire outside counsel to possibly join litigation against the pharmaceuticals industry over opioid addiction and its impact on county government.
The plan for an aquarium at Mud Island River Park is not the first time an aquarium has been proposed on the city’s riverfront.
A federal prosecutor, an attorney in private practice and the deputy district attorney general are the three finalists for Shelby County Criminal Court judge.
There are lots of renderings and blueprints floating around this city of ours these days. Land opening up, locations changing, possibilities revealed, new uses for old places and old places giving way to new. So it’s not surprising to see some smaller changes that are nevertheless highly visible. Thus comes word with the new week that Spin City, the corner tenant at Poplar and Highland in Poplar Plaza, will close with the new year and Spaghetti Warehouse, on Huling Downtown, will close later this month in the week before Thanksgiving.
A team designing options for a reconfigured Memphis Zoo parking lot has presented three options that each include a circular road that would run along the eastern edge of the Overton Park greensward just north of Veterans Plaza.
Spin Street, the record store at the corner of Poplar Avenue and Highland Street, is preparing to close its doors.
The Memphis City Council will meet Tuesday, Nov. 7, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for an agenda.
Memphis City Council members will discuss a still-forming proposal Tuesday, Nov. 7, to fund universal prekindergarten in Memphis public schools by hiking the hotel-motel, or bed tax rate.
COMMERCIAL REAL ESTATE
The evolution of e-commerce and its transformative effects on the real estate market are not just limited to the retail sector, and while many trends and topics were discussed at The Daily News’ annual Commercial Real Estate Review & Forecast Seminar on Nov. 2, this was one of the overarching themes.
A new Raymond James analyst report covering the auto parts industry suggests a few slightly concerning trends for retailers like AutoZone Inc., including a decrease in the growth rate of vehicle miles driven and an uptick in gas prices.
With two highly-anticipated developments already in the works, Gill Properties has announced plans for a new mixed-use development East Memphis.
EMPHASIS HIGHER EDUCATION
In less than three years, women have taken the top leadership posts at three of Memphis’ largest higher education institutions. Southwest Tennessee Community College president Tracy Hall, Rhodes College president Marjorie Hass and LeMoyne-Owen College president Andrea Miller lead a diverse mix of institutions with different missions, but they share common thoughts about the challenges and opportunities facing higher education today.
The university, and the history, might have been lost. Six years ago, with the after-effects of a slowed economy still making an impact, Lambuth University in Jackson, Tennessee, was forced to shut down.
After completing the Laurie-Walton Family Basketball Center practice facility on its Park Avenue campus, the University of Memphis recently pulled a $33.5 million permit to start construction on the parking garage and land bridge over the Southern Avenue railroad tracks – the most-immediate indication of changes on the main campus in the next three to five years.
REAL ESTATE RECAP
Nashville-based Magnolia Capital Investments has purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investors, Faropoint Ventures. Faropoint intends to reinvest proceeds from the sale to buy other Memphis properties.
A keynote presentation by Rachel Antalek, vice president, concept innovation, Starbucks, at the Back End of Innovation 2017 Conference.
When it comes to raising money, you can encounter objections. Some of them start with your own team! People may want to know how and why the fundraising goal was set, what the funds will be used for and what the impact will be. They may want the most up-to-date data, coordinated strategies and new marketing materials.
CHATTANOOGA, Tenn. (AP) – A jury was seated Monday in the federal fraud trial of four former executives at the truck stop chain controlled by the family of Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam.
NASHVILLE, Tenn. (AP) – Airbnb says it is launching a "six-figure" advertising buy on TV airwaves and online as Nashville officials consider more regulation on short-term rentals.
NASHVILLE, Tenn. (AP) – Tennessee's state park system has become the first in the nation to offer gift cards.
LITTLE ROCK, Ark. (AP) – An east Arkansas school district has been taken over by the state after officials found close to $2 million in improper expenditures of state and federal funds.
NEW YORK (AP) – Broadcom made an unsolicited, $103 billion offer for rival chipmaker Qualcomm, the tech industry's largest attempted takeover that is destined to come under intense regulatory scrutiny.
NEW YORK (AP) – Target is offering shoppers a breather after holiday shopping on Thanksgiving.
CVS Health is cranking up prescription deliveries to customer homes or workplaces, as the drugstore chain tries to squeeze more of an edge from a massive store network that puts 70 percent of the U.S. population within three miles of one of its locations.
WASHINGTON (AP) – House Republicans and Democrats bickered heatedly Monday over whether the GOP tax bill truly helps the middle class, as the Ways and Means Committee kicked off a marathon session to amend and vote on the far-reaching legislation President Donald Trump hopes to sign into law by year's end.