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VOL. 131 | NO. 241 | Monday, December 5, 2016

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.

The Week Ahead: December 5-11

Good morning, Memphis! December has arrived, which mean holiday happenings are officially underway – from tours of decked-out historic Collierville homes to shopping all things local at the Holiday Farmer’s Market. Oh, and did we mention Jerry Springer’s in town? Here’s the 411 on this week’s need-to-know events…

Pot Ordinance, County Ambulance Service Top County Commission Agenda

There are seven no votes on the Shelby County Commission against an ordinance allowing Shelby County Sheriff’s deputies to write a civil summons with a $50 fine for possession of a half ounce or less of marijuana.

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.

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.

Local Weather
Currently
Memphis, TN
34.0°F
Fair
Wind: Northeast at 5.8 mph
Humidity: 73%

EVENTS

Memphis 3.0 kickoff rallies continue through Saturday, Dec. 10, at locations around Memphis. The rallies will include a short overview of the Memphis 3.0 planning process followed by an opportunity for citizens to provide input on the future of their neighborhoods. Upcoming rallies include (start time is 5:30 unless otherwise noted): Dec. 5 at Raleigh Community Center; Dec. 6 at East High School; Dec. 7 in the Pipkin Building at the Mid-South Fairgrounds; Dec. 8 at McFarland Community Center; Dec. 9 at Bert Ferguson Community Center; Dec. 10 (10 a.m.) at the Cossitt Library; and Dec. 10 (2 p.m.) at the McWherter Senior Center. Visit memphis3point0.com for details.

more events »

Construction Underway on Mid-South’s First Freddy’s in Cordova

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

Last Word: Boca, Poe Killed by Politics and Embedding In The Real Memphis

BOCA BOWL – As expected, the University of Memphis Tigers football team is going south for the post season. They got and accepted Sunday the formal invitation to play in the Boca Raton Bowl on Dec. 20 against Western Kentucky. Ticket information should be forthcoming Monday for those of you who didn’t get enough during the Emerald Coast Classic with the basketball Tigers not too long ago.

ServiceMaster Unit Buys Home Warranty Company

The American Home Shield division of Memphis-based ServiceMaster announced Thursday, Dec. 1, a deal to buy Landmark Home Warranty of Salt Lake City, the second acquisition by the home warranty company this year.

MAA Closes Merger With Post Properties

Memphis-based real estate investment trust MAA has completed its $4 billion merger with rival Post Properties Inc., creating a combined company with an equity market capitalization of about $11 billion and overall market cap of $15 billion.

International Paper Closes on Weyerhaeuser’s Pulp Business

International Paper Co., headquartered in Memphis, closed Thursday, Dec. 1, on its $2.2 billion purchase of Weyerhaeuser’s pulp business.

THE MEMPHIS NEWS

Platform for Property

Memphis finds Airbnb middle ground for property owners, tax revenue burden

Airbnb is revolutionizing the hospitality industry causing legislators worldwide to scramble to regulate it, but the Memphis City Council is gaining state and national attention for its hands-off attitude.

Editorial: Traveling the Revenue Stream In the New Economy

The new economy is here. And it is challenging the role of government in regulating businesses.

December 2-8, 2016: This week in Memphis history

2014: Black Lives Matter “die-in” march and protest on Beale Street draws a group of 50 protesters by the district’s Christmas tree at Beale and Rufus Thomas Boulevard.

LAST WEEK'S MOST POPULAR

Austin Nichols Story Didn’t Have to End This Way

Right before the 2014-2015 University of Memphis basketball season, forward Austin Nichols said this: “Our chemistry is better this year and I say that all positive. Nothing against the guards last year, we’re just jelling better together this year.”

American Apparel Closing Memphis Location

After filing its second bankruptcy in roughly a year, American Apparel will be closing its location at 528 S. Main St. in Downtown Memphis at the end of December.

New Overtime Wage Rules Could Face Long Delay

Just as employers were scrambling to comply with new U.S. Department of Labor (USDOL) overtime wage regulations that were set to go into effect on Dec. 1, a federal court in Texas last week blocked its implementation.

Cargill, Calysta Partner to Build New Facility on Presidents Island

Cargill’s 69-acre property on Presidents Island, which has remained dormant for nearly two years, will be the home of a new manufacturing facility that will create 75 jobs.

County Explores Legal Options to Fix Courts' Computer 'Ordeal'

Shelby County Commissioners talked about possible legal action Wednesday, Nov. 30, against Tyler Technologies, the company supplying a new computer system for the local criminal justice system.

MEMPHIS AREA

Lane Closures Set for West Memphis Mississippi River Bridge

WEST MEMPHIS, Ark. (AP) – Drivers in the West Memphis area will see some lane closures this week as crews conduct routine inspections on the Interstate 55 Mississippi River bridge.

STATEWIDE

Cars Line Up to See Wildfire-Ravaged Tennessee City; 13 Dead

GATLINBURG, Tenn. (AP) – People in cars and trucks rolled into the wildfire-ravaged city of Gatlinburg on Friday to get a first look at what remained of their homes and businesses, and a mayor raised the death toll to 13, including a woman who died of a heart attack during the firestorm.

ECONOMY

US Employers Add 178K Jobs as Unemployment Sinks to 4.6 Percent

WASHINGTON (AP) – U.S. employers added a solid 178,000 jobs in November, reflecting the steady economy President-elect Donald Trump will inherit. The unemployment rate hit a nine-year low of 4.6 percent, though mainly because many people stopped looking for jobs and were no longer counted as unemployed.

NATIONAL GOVERNMENT

House Passes $611 Billion Defense Policy Bill by Wide Margin

WASHINGTON (AP) – The Republican-led House on Friday overwhelmingly backed a $611 billion defense policy bill that rejects a number of President Barack Obama's key proposals for managing the nation's vast military enterprise.

Trump Forms an Advisory Group of CEOs for Input on Jobs

NEW YORK (AP) – President-elect Donald Trump on Friday announced the formation of an advisory group of more than a dozen CEOs and business leaders who will offer input on how to create jobs and speed economic growth.

CONSUMER NEWS

How a Trump Administration Could Shape the Internet

Under a President Donald Trump, cable and phone companies could gain new power to influence what you do and what you watch online – not to mention how much privacy you have while you're at it.

Ford Recalls 680,000 Cars; Seat Belts May Not Hold in Crash

DETROIT (AP) – Ford is recalling more than 680,000 midsize sedans mainly in North America because the front seat belts may not hold people in a crash.

HEALTH CARE

US Health Care Tab Hits $3.2T; Fastest Growth in 8 Years

WASHINGTON (AP) – A government report says the nation's health care tab grew at the fastest rate in eight years in 2015, driven by the coverage expansion in President Barack Obama's law and by costly prescription drugs.

The Week Ahead: December 5-11

Good morning, Memphis! December has arrived, which mean holiday happenings are officially underway – from tours of decked-out historic Collierville homes to shopping all things local at the Holiday Farmer’s Market. Oh, and did we mention Jerry Springer’s in town? Here’s the 411 on this week’s need-to-know events…

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 307 21,073
MORTGAGES 82 330 24,691
FORECLOSURE NOTICES 66 93 8,703
BUILDING PERMITS 0 837 43,174
BANKRUPTCIES 63 240 14,142
BUSINESS LICENSES 17 75 6,476
UTILITY CONNECTIONS 25 139 13,650
MARRIAGE LICENSES 10 77 5,146

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