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VOL. TMN-8 | NO. 53 | Saturday, December 26, 2015
Weekly Issue

Midway Point

After 15 years, Uptown prepares for another growth spurt

A quality, affordable neighborhood for low- to moderate-income Memphians. That’s developer Henry Turley’s ongoing vision for Uptown, a North Memphis neighborhood benefiting from $150 million in redevelopment efforts.

THE MEMPHIS NEWS EDITORIAL

Editorial: Uptown Revival Requires An Eye Toward the Past

Memphis decays in the most spellbinding way for those of us who have watched a city resistant to change nevertheless become a different place several times over.

Memphis Business Community Shows Giving is 365 Days a Year

Parties, family gatherings, checking off lists, decorations – it’s no wonder the holidays add a whole extra layer of stress during December.

Urban Child Institute Board Chairman Resigns

Urban Child Institute’s chairman of the board, Dr. Hershel “Pat” Wall, has resigned his position. Wall’s resignation, which he gave other board members via email on Wednesday, Dec. 23, follows the recent announcement that UCI president and CEO Eugene Cashman was retiring at the end of the year.

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EVENTS

Hard Rock Cafe Memphis will ring in the new year with the 2016 Hard Rock Guitar Drop on Thursday, Dec. 31, from 7 p.m. to 2 a.m. at 126 Beale St. The evening will include live entertainment, drink specials and more. General admission is $25; VIP tickets are $150 per person or $250 per couple. Visit hardrock.com/cafes/memphis for details and tickets.

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Nike’s Global Expansion Connected to Memphis

Name the earnings conference call this company CEO quote is from: “The success you see today and the opportunities ahead are driven by the strength of our portfolio.”

Journal Media Sets March Shareholders Vote On Gannett Deal

Journal Media Group has called a March 1 special meeting of its shareholders to vote on the $280 million deal that would sell its newspapers, including The Commercial Appeal, to Gannett Co. Inc.

THE MEMPHIS NEWS ALMANAC

This Week in Memphis History: December 25-31

2010: One Commerce Square officially changes hands to local ownership in the biggest Downtown office deal in a decade. The owners buy the tower from U.S. Bank for $7.6 million and pour another $20 million into renovations. The sale comes less than two weeks after Pinnacle Airlines signs a 13-year lease for up to 13 of the tower’s 29 floors.

HEALTH CARE

Hospital Building Boom Hits Downtown Memphis

From a big donation to significant campus expansions and investment, the health care news was popping at a steady clip this week.

Efficiency Drives Memphis Health Care Expansions

Much of the building boom Memphis’ health care community has been responsible for this year – with more to come in 2016 – is being driven by the urge to merge.

Resurrection Health to Open New Clinics in 2016

As Resurrection Health, a faith-based, evangelical health service organization, prepares to celebrate its first birthday, the enterprise is already planning to roll out two more clinic sites in 2016.

REAL ESTATE & DEVELOPMENT

To Combat Lot Shortage, Developers Take on Small Subdivisions

With landlocked urban areas and a dwindling supply of vacant lots, developers are looking to increase Memphis’ density one house at a time with single-family residential infill projects.

Developers Buy Land For Downtown Cambria Hotel

The two Ohio-based development firms planning to build a Cambria Hotel & Suites in Downtown Memphis have purchased the property for the proposed 166-unit hotel.

Downtown Agency Looks to Tighten Up Hotel Tax Breaks

To keep tourists flowing to Downtown, the Center City Revenue Finance Corp. grants tax breaks, or payment-in-lieu-of-tax incentives, for hotel developers. Such readily available incentives have helped create a market with 15 hotels and 3,000 rooms in Downtown Memphis.

Shelby County Homebuilders Hoping for Busier 2016

For Memphis-area homebuilders, the market is far from pre-recession levels, but 2016 could bring more building activity.

NONPROFIT SECTOR

Shipping Containers to Become Shelters for LGBTQ Youth

Memphis’ homeless shelters aren’t safe for lesbian, gay, bisexual, transgender and queer youth, says Memphis Gay and Lesbian Community Center executive director Will Batts. He’s seen too many kids kicked out of their homes only to be assaulted in shelters or turn to drastic measures.

EDUCATION

Sheffield, College Initiative Students Get Help on Path to Higher Ed

Torisha Williams was an elementary school educator for six years. So when she began her position in August as a counselor at Sheffield High School, she brought some grade-school culture to the job of helping her students find a way to college.

ENTREPRENEURSHIP

FedEx Institute Of Technology Gears Up For Event-Filled ‘16

The FedEx Institute of Technology at the University of Memphis is closing out the year and looking ahead to 2016 with a renewed focus on putting itself at the center of technology innovation in Memphis.

EPIcenter Launches Work, Business Space In Germantown

The EPIcenter entrepreneurship organization has teamed up with the city of Germantown to open a collaborative work and business space in the Carrefour at Kirby Woods, a shopping center at the intersection of Poplar Avenue and Kirby Road.

GOVERNMENT & POLITICS

March 1 Presidential Primary Begins Complex Process

Shelby County’s first election of 2016 seems like a simple affair. The Tennessee presidential primaries and countywide primaries for General Sessions Court Clerk are the only items on the ballot.

Strickland Taps New Deputy COO

Memphis Mayor-elect Jim Strickland has appointed Patrice Thomas as the city’s deputy chief operating officer, effective Jan. 1.

Norris: Gas Tax Proposal Not Happening in 2016

Don’t look for a gas tax hike in the 2016 session of the Tennessee legislature, says the state Senate majority leader.

STATEWIDE

Google to Locate Data Center in Middle Tennessee

Google is buying the former Hemlock Semiconductor site in Clarksville and plans to invest $600 million to convert it into its eighth U.S. data center, Tennessee Gov. Bill Haslam announced Tuesday, Dec. 22.

SPORTS

The Pressure of Parity: There’s Golden State … And Everybody Else

San Antonio had just handed the Grizzlies a 20-point home loss. Someone asked Spurs coach Gregg Popovich what his team could take from the game.

Walking On in Memphis Is A Big Part of Tigers Turnaround

They come from near and far, from Christian Brothers, Millington and Whitehaven high schools. From Atco, N.J., League City, Texas, and Newnan, Ga.

Northwestern Defense Tough, But Give Edge to UT

There’s nothing like spending the Christmas holidays in Florida, and Tennessee’s football team will savor every minute of it for the second consecutive year.

NEWSMAKERS

Delavega Joins Hooks Institute Leadership Team

Dr. Elena Delavega, assistant professor in the University of Memphis’ Department of Social Work, has been named associate director of the Benjamin L. Hooks Institute for Social Change at the U of M. A former policy fellow at the institute, Delavega specializes in the study of poverty and economic development.

REAL ESTATE RECAP

Whitehaven View Apartments Sell for $2.7 Million

1594 E. Holmes Road, Memphis, TN 38116 -
A Whitehaven apartment complex has sold for $2.7 million.

SMALL BUSINESS

Tiger Bookstore Adapts To Changing Landscape

Business at Tiger Bookstore can’t always be like the 2008 run to the Final Four.

LOCAL COLUMNISTS

Q&A With Seth Godin

Seth Godin is the author of 18 books. His blog is one of the most popular in the world. After a keynote about the Connection Economy, Godin made time for a Q&A for 50 people.

Christmas Coming Home

CHRISTMAS TIME. Every Christmas I tell this story, and in the telling Christmas comes home.

Protect Your Retirement From The Unexpected

Ray’s Take We plan carefully during our years in the workforce to create a solid income for our retirement. But how can we protect that plan after we retire and have less flexibility and increased vulnerability to unexpected events? We want to avoid finding ourselves in the position of having to go back to work.

Legislature Not Playing Santa With Insure Tennessee

It’s going to take a Christmas miracle for Insure Tennessee to make it into anyone’s stocking this year.

All I Want For Christmas Is A New Job

I hope this holiday season has been a great one. If you’re like many people, a new job may be on your Christmas list. Whether you’re looking for a better work environment, more money or something else, December brings up thoughts of something new.

App Explosion Projected for 2016

This column is the sixth in an 11-part series on the Top Ten 2016 Marketing Trends. Check back for the remainder of the series and a deep dive into each of these trends.

Creative Christmas Gifts For Your Favorite Nonprofit

Its Christmas time! And soon to be Kwanzaa. Then New Year’s! It’s time to celebrate and share gifts. We give to our families and friends. Many of us have already made a gift to nonprofits we hold closest to our hearts. But there’s always time for more giving.

Birmingham Offers More Than Bowl Game

University of Memphis football fans will head to Birmingham, Ala., next week to celebrate a bowl game appearance that could see the team finish with 10 wins for a second straight season.

Harmjoy?

Writing in the November issue of The American Lawyer, a quartet of byline authors put forth: “Among big-firm lawyers, the Dewey & LeBoeuf trial [which, after four months of testimony and 21-days of jury deliberation, ended in a mistrial] has produced reactions ranging from introspection to schadenfreude.” Of German descent, the latter word – combining schaden and freude – is, literally, harmjoy. And, apparently, this 13-letter word has an 11-letter synonym.

Simplify Your Holidays With the Cloud

With the holiday season in full swing, most of us could use all the help we can get to stay organized, from keeping track of gift wish lists to monitoring spending habits. Fortunately, cloud computing – the current Internet technology that lets you access all your files and important data from any remote location – is here to help.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 61 331 19,904
MORTGAGES 80 391 23,305
FORECLOSURE NOTICES 0 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 35 231 13,335
BUSINESS LICENSES 28 76 6,213
UTILITY CONNECTIONS 0 125 13,120
MARRIAGE LICENSES 21 94 4,936

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