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VOL. 130 | NO. 245 | Thursday, December 17, 2015

Board OKs New Apartments Near Tennessee Brewery

A plan approved Wednesday, Dec. 16, at the Board of Adjustment meeting effectively doubles the residential units in the Brewery District development.

FedEx Beats Quarterly Earnings Estimates

Memphis-based FedEx Corp. is reporting net income growth and a slight uptick in revenues for its fiscal second quarter compared to the same period a year ago.

Fed Hikes Rate, Finance Pros Expect Minimal Immediate Impact

Borrowers and savers aren’t likely to see an immediate impact from the historic move Wednesday, Dec. 16, by the Federal Reserve to raise interest rates by a quarter point for the first time in almost a decade, according to several Memphis-area financial industry professionals.

EDGE Approves $40M Graceland Bond Sale

At its Dec. 16 board meeting, the Memphis-Shelby County Economic Development Growth Engine approved selling $40 million worth of taxable bonds to help finance the 120-acre Graceland Revitalization Plan.

Last Word: Tennessee Brewery Changes, Taylor Berger Emerges and Food Hall Mania

Last Word is a new daily online column that offers an overview of what’s happened at the end of shift, so to speak. Picture a dimly lit newsroom in the Downtown night and the last person in the place leaving a memo for the morning shift and you have a pretty good idea of what we are aiming for.

Stewart File Could Start New Information Flow

When the Tennessee Bureau of Investigation began its investigation this summer into the fatal police shooting of Darrius Stewart, it met resistance from Memphis Police Department officer Connor Schilling, who talked to police internal investigators but not the TBI.

Sister Pact Aims to Raise Breast Cancer Awareness for Black Women

Debra Melton did just about the best thing a young African-American woman in Memphis – or anywhere – can do in the fight against breast cancer.

Taylor Berger: Loflin Corner ‘One of the Most Exciting Projects’

The “entertainment destination” planned for the corner of Carolina and Florida streets garnered $65,425 in funds from the Center City Development Corp., and the partners behind the Loflin LLC were revealed.

Bioworks Broadens Focus On Agriculture

The Memphis Bioworks Foundation is capping off another busy year as the city’s go-to organization for seeding and promoting bioscience companies and investment by expanding its executive team and incorporating a new division into the organization.

Departing City Council Members Remembered at Last Session

Before the Memphis City Council’s final session of 2015 on Tuesday, Dec. 15, the 13 council members got around to something they should have done four years ago: take a group picture in the Hall of Mayors at City Hall.

Council Approves $4M Loan for Belz’s Midtown Market

The mixed-use project at Union Avenue and McLean Boulevard got a $4 million federal boost with a proposal from developers Belz Enterprises and Harbor Retail Partners clearing the Memphis City Council Tuesday, Dec. 15.

New Beale Street Lease Gets Last-Minute Council Amendment

One last amendment was filed before the city’s new Beale Street lease was a done deal Tuesday, Dec. 15. But as the Memphis City Council approved the agreement with the Beale Street Tourism Development Authority, the widow of the Beale Street Development Corp.’s former director pushed her claim that the city still hasn’t settled the old 52-year lease with the BSDC that the new authority replaces.

EDUCATION

SCS Leaders Seek Endgame in ASD Competition

Shelby County Schools leaders formally began a move toward a short-term strategic plan this week that took a turn toward a possible endgame in the school system’s competition with the Achievement School District.

Three High Schools Join SCS Innovation Zone

Westwood, Douglass and Mitchell high schools will become part of Shelby County Schools’ Innovation Zone in the 2016-17 academic year.

SMALL BUSINESS

Evaporcool Solutions Cools Off the Hot Air

Evaporcool Solutions is doing its part for the environment from its home base in Memphis.

LOCAL COLUMNISTS

Corker Says Visa Waivers a Bigger Risk Than Refugees

U.S. Sen. Bob Corker says he believes the nation needs to stop admitting Syrian refugees until security problems are solved, but the nation’s “bigger risk” in letting terrorists slip into the country lies with the nation’s Visa Waiver Program.

The Hearts And Minds Of Unicorns

A Back End of Innovation 2015 Talk

The Case for Crude

Oil prices traded near $110 a barrel in June of 2014, supported by escalating demand and a stable U.S. dollar. Advances in drilling technology in the U.S. led to a tremendous surge in investments and productivity.

Pound of Poetry, Part 5

On Nov. 27, 1945, a poet named Pound, married to a woman named Shakespear, was arraigned before a judge named Laws. No joke.

STATEWIDE

Tennessee to Spend Millions on New DUI Campaign

NASHVILLE, Tenn. (AP) — After nixing an anti-DUI ad campaign that garnered criticism, the Tennessee Department of Transportation is paying millions on another attempt to educate the public about highway safety.

Tennessee November Revenue Collections More Than $902M

NASHVILLE, Tenn. (AP) — Tennessee Finance Commissioner Larry Martin says the state's general fund tax collections in November were $42.6 million higher than projected.

STATE GOVERNMENT

Nashville Gets Nonstop Flight to San Francisco

NASHVILLE, Tenn. (AP) — Nashville International Airport says United Airlines plans new nonstop service from Nashville to San Francisco International Airport, starting May 5.

Judge Praises Durham for 'Moral Courage'

NASHVILLE, Tenn. (AP) — While many GOP leaders in the Tennessee Legislature have distanced themselves from state Rep. Jeremy Durham for writing a character reference letter on behalf of a former youth minister who pleaded guilty to child porn possession, a judge in the Franklin Republican's home county is praising what he calls the lawmaker's "moral courage."

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 46 229 20,995
MORTGAGES 74 248 24,609
FORECLOSURE NOTICES 0 27 8,637
BUILDING PERMITS 478 837 43,174
BANKRUPTCIES 61 177 14,079
BUSINESS LICENSES 12 58 6,459
UTILITY CONNECTIONS 29 114 13,625
MARRIAGE LICENSES 20 67 5,136

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