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VOL. TMN-9 | NO. 50 | Saturday, December 10, 2016
Weekly Issue

FedEx's Smith Critical of Trump Opposition to NAFTA, TPP

FedEx Corp. founder Fred Smith says withdrawing from the North American Free Trade Agreement, as advocated by President-elect Donald Trump repeatedly in the 2016 presidential campaign, would be “catastrophic for the U.S. economy” and “have massive economic repercussions.”

Growing Pains

Developers, residents and the balance between progress and preservation

In many ways, Citizens to Preserve Overton Park v. Volpe in 1971 shaped the way Midtown Memphis looks today, so it’s only fitting that the park continues to inspire citizens to fight for what they feel is right.

EDITORIAL

Editorial: Despite Inherent Tension, We Need to Keep Talking

You don’t see a lot of construction cranes in Memphis. It’s not the symbol of our emergence from the national recession that it is in other cities.

Keeping Diversity, Inclusion in America

Since I moved to Memphis in 1993, there are several things I’ve learned about this great city. Known for its topnotch barbecue, the 901 is full of kindness, opportunity and, most important to me, diversity.

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EVENTS

The Fourth Bluff Ice Rink will open Saturday, Dec. 10, at Mississippi River Park (Riverside Drive next to the Tennessee Welcome Center) and will remain open through January. Hours on Sundays are noon to 6 p.m.; Tuesdays-Thursdays from 2 p.m. to 8 p.m.; Fridays from 2 p.m. to 10 p.m.; and Saturdays from 10 a.m. to 10 p.m. The rink is closed on Mondays. Admission is $10 and includes skate rental. For details, visit memphisriverfront.com.

more events »

EMPHASIS Regional Business

Marion Near Downtown Memphis But Retains Its Small-Town Identity

The location is the selling point. It comes with a small-town way of life and easy access to Downtown Memphis.

Evolving PILOT Programs in Memphis Look to Restore Competitive Balance

When the Memphis-Shelby County Economic Development Growth Engine approved its Fast Track payment-in-lieu-of-taxes (PILOT) program earlier this year, it was with the hopes of bringing back a competitive balance between Memphis and North Mississippi.

Crittenden County Deposit Leader Fidelity National Bank Turns 50

Fidelity National Bank in West Memphis is enjoying its 50th year in business, and through the decades the bank has become a fixture of the local community.

THE MEMPHIS NEWS ALMANAC

December 9-15, 2016: This week in Memphis history

1986: Foreclosure proceedings are underway for the Downtown Radisson on the southeast corner of Third Street and Union Avenue. The $25 million, 284-room hotel had just opened the previous June after a renovation that incorporated the old eight-story Tennessee Hotel facing Third into a new 11-story tower east of that. The Radisson is the second Downtown hotel to have financial difficulties since the start of 1986. Chattanooga developer Franklin Haney had defaulted on interest payments for the Holiday Inn Crowne Plaza, the hotel connected to the Memphis Cook Convention Center, prompting a refinancing of the deal.

ECONOMIC DEVELOPMENT

City’s Momentum Charts Different Course, Method

Nike community relations director Willie Gregory came to The Peabody hotel Wednesday, Dec. 7, to roll out the new MemphisWorks app for the Greater Memphis Alliance for a Competitive Workforce, which he chairs.

St. Jude Area Focus of $37M Investment from Memphis, State

State government and the city of Memphis have announced multimillion-dollar contributions to improve the public infrastructure around the Downtown campus of St. Jude Children’s Research Hospital.

‘MemphisWorks’ Jobs, Training App Launches

A new “MemphisWorks” app unveiled Wednesday, Dec. 7, at the Greater Memphis Chamber’s Annual Chairman’s Luncheon is a comprehensive jobs and training effort that took nine months to get in one digital place, with help from an anonymous donor.

WinterArts Raises Status of Eastgate as an Arts District

With the successful resurrections of Broad Avenue and Crosstown to the west, one familiar East Memphis locale is hoping to reinvent its image and capture similar success.

DOWNTOWN

Design Board OKs Signs For ServiceMaster, Old Dominick

After the votes were cast, Downtown Memphis Commission president Terence Patterson said he could not contain his excitement over ServiceMaster’s newly approved sign package.

CITY HALL

Council Approves Two Downtown Hotels, Sets Vote on Dairy Expansion

Memphis City Council members approved two conversions of Downtown buildings into hotels Tuesday, Dec. 6, and set a Jan. 17 date for a public hearing and vote on expansion plans for the Turner Dairy in Overton Square.

GOVERNMENT & POLITICS

Mayor’s Young Professionals Council Grows

The Young Professional Council that advises Shelby County Mayor Mark Luttrell has added 10 new members for 2017, a new crop that will join 15 current members in meeting regularly and working to connect, represent and support the interests of young professionals in the area.

Palazzolo Says Germantown Maximizing Commercial Development Where it Can

Just a few years ago, Germantown leaders were worried. Sales tax revenues were down in the recession and the city had annexed the last of its reserve area.

EDUCATION

Shelby County Schools Board Sets Stage for School Right-Sizing Decision

Parents and teachers of three schools that would be closed under the latest right-sizing plan for Shelby County Schools made a vocal show of force Tuesday, Dec. 6, as the SCS board voted to begin the process of public hearings in areas affected by the plan.

FINANCIAL

Local Mortgage Market Sees Busy November

If mortgage bankers in Shelby County were expecting things to start winding down for the year in November, the pace of activity for the month kept them unexpectedly busy.

NONPROFIT SECTOR

HopeWorks Busy Helping People While Staying Grounded in Faith

As executive director of nonprofit HopeWorks, Ron Wade has to be practical. And helping people get their education and find employment is about as practical as it gets.

REAL ESTATE

Shelby County Home Sales Rise 30 Percent in November

November was a strong month for home sales in Shelby County. November sales increased 30 percent, with 1,424 sales compared to 1,093 a year ago, according to Market Trend data compiled by real estate information company Chandler Reports.

Trader Joe’s Developer Seeks $2.5M Permit

2130 Exeter Road, Germantown, TN 38138 • Permit Amount: $2.5 million 

GOVERNMENT AGENDA

Shelby County Commission Votes Down Pot Ordinance

The Shelby County Commission voted down Monday, Dec. 5, an ordinance that would have matched a city of Memphis ordinance allowing police the option of writing a civil summons or ticket with a $50 fine for possession of half an ounce or less of marijuana.

RETAIL

AutoZone Revs Up Net Income By 8 Percent

The first significant cold snap of the season is at hand, something that might leave most people resigned to the corresponding inconveniences but nonetheless excites AutoZone chairman, president and CEO Bill Rhodes.

Memphis Wins ‘Maker City’ Designation from Etsy

The local community of makers and artisan entrepreneurs this year has been the subject of increased attention from the city and other key stakeholders who want to learn more about and ultimately see that community expand.

LAW ENFORCEMENT

Fatal Police Shooting Report Will Go Public

One of two Memphis Police officers involved in the Jan. 27 fatal shooting of Jonathon Bratcher in South Memphis said Bratcher fired repeatedly at them and a Shelby County Sheriff’s deputy with a gun that “sounded like a ‘machine gun’ and was ‘non stop,’” according to an October memo from Shelby County District Attorney General Amy Weirich.

ARTS & ENTERTAINMENT

Film Made In Memphis Premieres On Friday

When the made-in-Memphis feature film “Free in Deed” holds its theatrical debut in Memphis this Friday at Malco’s Studio on the Square, it will introduce audiences to the story of a lonely faith-healing minister set against the backdrop of the black church experience in the city.

COMMERCIAL REAL ESTATE

Construction Underway On Mid-South’s First Freddy’s

Construction is underway for the Mid-South’s newest fast-casual and frozen treat food chain, Freddy’s Frozen Custard and Steakburgers.

THE TIPPING POINT

Bibbs Empowers Teachers for Student Success

Miska Clay Bibbs never planned to pursue a career in education. But no matter where life takes her, she always ends up coming back to it.

SPORTS

Tigers to Face Western Kentucky in Boca Raton Bowl

The bad news for University of Memphis football fans? The Tigers’ bowl destination is a really, really long drive.

Redbirds Redux: Stubby Clapp To Wear No. 10 Once Again

He didn’t see this coming. This backflip, if you will, that has Stubby Clapp returning to Memphis and AutoZone Park as manager of the Redbirds next season.

Grizzlies Great at Winning Close Ones, But Upcoming Schedule Unkind

The Grizzlies had just survived to beat the Orlando Magic 95-94 at FedExForum. This was on the first day of December and it kicked off what would become, at minimum, a four-game winning streak.

Music City Bowl Not Most Pressing Issue for Jones

Butch Jones has a lot more than Nebraska on his mind this bowl season.

Homegrown Titan Players Find First Taste of Success

Those looking at the Tennessee Titans’ season thus far as half-empty see a 6-6 team with enough flaws to offset many of the positive steps that have been taken this year.

I Was Wrong. Mularkey is the Right Coach for Titans

In light of the Tennessee Titans’ 6-6 record and continuing relevance in the NFL playoff picture, I offer those three little words that are so hard to say:

LeBron as a Cub, Grizz Sign Toney Douglas, And Matt Barnes is in Trouble Again

LeBron James and the Cleveland Cavaliers made a fantastic comeback to beat the Golden State Warriors in the NBA Finals last summer. But when the Cleveland Indians couldn’t hold off the Chicago Cubs in the World Series, it cost James dearly.

MEMPHIS NEWSMAKERS

GCT Promotes Asher To Artistic Director

Justin Asher has been promoted to artistic director of Germantown Community Theatre. Asher joined GCT in January 2015 as technical director. He was promoted to associate producer in July 2016 and has assisted in the productions of the titles in GCT’s 45th season.

SNAPSHOT

Sneak Peek: Ikea Memphis Ready For Dec. 14 Grand Opening

Ikea is preparing to open its Memphis store Wednesday, Dec. 14 – almost two years to the day after confirming it had chosen the Bluff City for its first Tennessee store. The Swedish furniture retailer offered a sneak peek inside during a press preview tour Dec. 7.

LOCAL COLUMNISTS

Financial Recovery Regrets

Ray’s Take When the market went into meltdown in 2008 a lot of investments and property values went south. People are recovering from losses to the value of their homes and losses in portfolios, but some still need to dig their way out. Getting out of a hole always takes a lot longer than falling in.

Giving is a Gift

ORDINARILY EXTRAORDINARY. If you ask one, what makes Memphians special is nothing special.

Retire, Then Reinvent Yourself

Birth is a beginning. Death is an ending. Everything in between is merely a transition. The secret to fulfillment, to leading a purpose-driven life, to happiness, is how you learn to manage and maximize those transitions.

It’s Not All About You On Website

Today, 97 percent of consumers search for products and services online. However, many companies don’t have a website that keeps the goals of their users in mind. Likewise, many websites are designed without forethought into when users are accessing the site and for what purpose, resulting in a lack of mobile optimization or call-to-action tools, according to the Score Association.

More ‘Gilmore’

“Gilmore Girls,” a show that ran on the WB, and the CW, from 2000-2007, has been streaming on Netflix since July of this year. I like it. I like the fast-paced dialogue, the pop culture references and the less-burdened Lauren Graham. Netflix’s mini-series revival – “Gilmore Girls: A Year in the Life” – kicked off in late November.

Outsourcing: Savings, But No Specifics

The Haslam administration is forging ahead with plans to nab a statewide facilities services contractor after an outside analysis backed up a study showing estimated cost savings of more than $35 million a year at Tennessee universities.

Make the Most of Your Performance Review

Do you wish you were making more money? Do you feel frustrated that you haven’t received the promotion you’ve been waiting for? Well, now’s the time to make a case for yourself. It’s almost time for your annual employee performance evaluation.

Five Fresh Ways to Add Value

Any salesperson who’s been in the game for more than a day knows that products and services aren’t sold based on price. Top sales pros first focus on the value of what they are selling and how it can best meet the customer’s needs. 

The Innovation Trajectory Leads To Collaboration

Talk by Tamara St. Claire, CIO, Xerox Healthcare. We use three key methods at innovation in my group, started St. Claire:

Diversity and Inclusion

Nonprofits are ahead of the game when it comes to diversity. Is that true? We may tell ourselves that, but diversity – and most importantly inclusion – requires we take an honest look at our organizations. 

Memphis is Startup USA

Umer Adnan, founder and CEO of Cowlar, came to Memphis from Pakistan to continue to grow his startup, which is a wearable device in the form of a collar for dairy cows. This aids farmers by providing health and wellness data and recommendations to improve the overall health of cows, thereby increasing milk yields.

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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 23 71 8,375
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.