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VOL. 131 | NO. 246 | Monday, December 12, 2016

Rhodes College Names First Female President

The new president of Rhodes College comes to the Midtown liberal arts college from being president of Austin College in Texas.

The Week Ahead: December 12-18

Good morning, Memphis! The colder, wetter weather is upon us now, but that won’t stop the American Queen. LeBron James and his gang come to town Wednesday. That’s the same day that the long-awaited Ikea store in Memphis opens. Expected to be a regional draw, some may camp out in the weather to be one of the first inside. And we offer congratulations to all of the University of Memphis graduates who will convene at FedExForum Sunday for Fall 2016 commencement ceremonies. 

TBI File Details Critical Points in Police Bratcher Shooting

There were several points at which the encounter between Memphis Police and Jonathon Bratcher at South Parkway and Mississippi Boulevard this past January might have gone differently.

College Students Collaborate to Bring New Green Space to Edge District

Despite frigid temperatures, a crowd of people gathered Thursday evening on a small, green triangle of land in the medical district to witness the unveiling of the area’s newest public space, the Edge Triangle.

Fred’s Inc. Considering HQ Relocation as It Works to Revamp Business

Memphis-based retailer Fred’s Inc. is studying a few options for relocating its Memphis headquarters at 4300 New Getwell Road, locations that Fred’s CFO Rick Hans told The Daily News are all within a few miles of the current headquarters.

Local Weather
Currently
Memphis, TN
30.0°F
Fair
Wind: Calm mph
Humidity: 75%

EVENTS

Snowy Nights in My Big Backyard will be held Friday, Dec. 16, through Dec. 23 from 5:30 p.m. to 8:30 p.m. at Memphis Botanic Garden, 750 Cherry Road. Bring the family to play in the “snow,” sip hot cocoa or spiced tea, create a winter craft, and enjoy music, lights and more throughout My Big Backyard. Tickets are $8 for members and $10 for nonmembers. Visit memphisbotanicgarden.com.

more events »

Last Word: Turner Dairy Plans, Fred's HQ and Fred Smith's Remarks About Trump

Lots of traffic at FedExForum this weekend with two graduation ceremonies for the University of Memphis – morning and afternoon shifts. Another double-header at the Forum Saturday. The Grizz beat the Warriors 110-89 and the Tigers beat UAB 62-55.

Can Dedric Lawson Win ’Em All? No, And That’s a Problem

Ultimately, everything would work out just fine. This time.

THE MEMPHIS NEWS

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: 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.

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.

LAST WEEK'S MOST POPULAR

Trader Joe’s Developer Seeks $2.5M Permit

CAP Germantown LLC, the company developing a future Trader Joe’s store in Germantown, has pulled a $2.5 million building permit for modifications to the site, located near the northeast corner of Exeter Road and Poplar Avenue.

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.

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.

Council Approves Pair of Downtown Hotels, Sets January Vote on Dairy Expansion

Memphis City Council members approved two conversions of Downtown buildings as 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.

Fred’s Inc. Considering HQ Relocation as It Works to Revamp Business

Memphis-based retailer Fred’s Inc. is studying a few options for relocating its Memphis headquarters at 4300 New Getwell Road, locations that Fred’s CFO Rick Hans told The Daily News are all within a few miles of the current headquarters.

STATEWIDE

Tourists Stream Back to Gatlinburg, But Rebuilding Looms

GATLINBURG, Tenn. (AP) — Visitors jammed the main roads and sidewalks in Gatlinburg as the tourism city reopened to the public Friday for the first time since wildfires killed 14 people.

New Fleet of Electric Semi-Trucks to be Made in Tennessee

CHATTANOOGA, Tenn. (AP) — A new truck manufacturing company is expected to soon start building electric-powered semi-trucks in Tennessee.

NATIONAL BUSINESS

Coca-Cola CEO Muhtar Kent to Step Down Next Year

NEW YORK (AP) — Coca-Cola said Friday that CEO Muhtar Kent will step down as CEO next year and be replaced by Chief Operating Officer James Quincey.

NATIONAL GOVERNMENT

Trump Picks Fast Food Executive Andrew Puzder for Labor

WASHINGTON (AP) — President-elect Donald Trump plans to add another wealthy business person and elite donor to his Cabinet, saying he would nominate fast-food executive Andrew Puzder as labor secretary.

Big Business Warns Trump Against Mass Deportation

WASHINGTON (AP) — Still grappling with Donald Trump's surprise election, the nation's business community has begun to pressure the president-elect to abandon campaign-trail pledges of mass deportation and other hard-line immigration policies that some large employers fear would hurt the economy.

US ECONOMY

US Wholesalers Cut Stockpiles, Clearing Way for New Orders

WASHINGTON (AP) — U.S. wholesale businesses cut back their stockpiles while sales rose in October. That's a trend that could boost demand for factory goods in the months ahead.

Americans' Odds of Earning More Than Parents Have Plunged

WASHINGTON (AP) — The likelihood that young adults will earn more than their parents has plummeted in recent decades, a study has found, fueling concerns that the American dream of steady upward mobility is foundering amid a widening wealth gap.

Gov't Proposal Envisions Phone Calls on Airline Flights

WASHINGTON (AP) — Airlines could let passengers make in-flight phone calls using Wi-Fi under a proposal from federal regulators.

GOVERNMENT & POLITICS

Ohio Lawmakers Pass Republican 20-Week Abortion Ban Proposal

COLUMBUS, Ohio (AP) — Abortions would be banned after 20 weeks under a bill Republican lawmakers passed Thursday, adding to legislation already on its way to Republican Gov. John Kasich that would prohibit abortions once a fetal heartbeat is detected.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 128 183 20,949
MORTGAGES 130 174 24,535
FORECLOSURE NOTICES 4 27 8,637
BUILDING PERMITS 163 359 42,696
BANKRUPTCIES 61 116 14,018
BUSINESS LICENSES 24 46 6,447
UTILITY CONNECTIONS 29 85 13,596
MARRIAGE LICENSES 24 47 5,116

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