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VOL. TMN-8 | NO. 8 | Saturday, February 14, 2015
Weekly Issue

Crosstown Crossroads

Once an eyesore, the old Sears Crosstown building is becoming an eyeful

Richard Spore and his colleague at the Memphis office of the Bass Berry & Sims law firm have worked on several ambitious, game-changing projects like the transformation of Overton Square and Bass Pro Shops’ redevelopment of The Pyramid.

Editorial: Crosstown Redevelopment Signals More Change to Come

Few Memphians can remember the view north on Cleveland when the Sears Crosstown building did not define the horizon.

Coca-Cola Considers Relocation, Consolidation

Coca-Cola Refreshments USA Inc. is considering a $4.8 million project to consolidate distribution operations in Memphis and West Memphis, Ark., into one facility in Memphis, according to application for a tax freeze.

Common Core is Working – So Kill It

Common Core determines what Tennessee’s K-12 students should know and when they should learn it, yet like many other issues it has become a political pariah, especially for the state’s Republican leaders.

Resolution Calls for End to Federal ‘Imposition’

Saying the feds are guilty of intruding in local schools, state Sen. Bill Ketron is seeking passage of a resolution designed to end what he calls overreach by the U.S. Department of Education.

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EVENTS

Beale Street Merchants Association will host Beale’s annual Mardi Gras parade Tuesday, Feb. 17, at 5:30 p.m. The celebration will feature a fanfare of carts, horse-drawn carriages, bicycles and wagons decorated in Mardi Gras fashion; beads and candy; and jazz and blues music. Visit bealestreetmerchants.com.

more events »

THE MEMPHIS NEWS ALMANAC

This Week in Memphis History: February 13-19

2005: Molson Coors Brewing Co. announced it would close its Memphis brewery in Hickory Hill in 2007 as a result of the Canadian company’s merger with Adolph Coors Co. of Colorado. At the time, the brewery and bottling plant employed 410 people. The phase-out was to begin in the second half of 2005. Today the brewery is known as Blues City Brewery, a part of City Brewing of Latrobe, Wis., producing beers and other beverages under numerous brand names.

Ikea Store Clears Regulatory Hurdles

Ikea’s site plan for its 269,000-square-foot store on a 42-acre site near Interstate 40 and Germantown Parkway was given the green light by the Memphis-Shelby County Land Use Control Board on Thursday, Feb. 12.

Beyond Gaming

$38 million expansion takes Southland to the next level

Nearly 60 years ago – even before the Hernando DeSoto Bridge was built across the Mississippi River – Southland Park opened with greyhound dog racing in West Memphis.

New Zoo Parking Plan Proposed

The latest proposal to solve the parking tension within Overton Park has none of the major elements of what appeared to be a compromise in the works this past spring when overflow Memphis Zoo parking on the Overton Park greensward prompted protests.

Planned Downtown Hotel Features Urban Design

A new rendering of a proposed LaQuinta Inn & Suites hotel at Union Avenue and Danny Thomas Boulevard Downtown shows a more urban design than a previous stock rendering sent to city and county planners.

Silicone Arts Laboratories Enters 2015 With Additional Funding, Big Plans

Silicone Arts Laboratories, a Memphis-based venture that makes innovative cosmetic products, is hosting an open house next month in its new Cooper-Young location.

UAM's Keri Wright to Keynote Women & Business Seminar

At age 18, she had her flight instructor’s certification. By 23, she was a corporate vice president and by 25 a chief operating officer.

Critical Link

Memphis firm finds niche transporting wine from Napa Valley

If you’re a wine lover along the East Coast – everywhere from Florida to the Mid-Atlantic and New England - chances are a Memphis-based third-party logistics provider played a significant role in getting your vino into your glass.

Medical Supply Companies Join Forces

The name over the door at Allied Medical’s East Memphis location is changing, part of the company’s integration with its new parent, Mid-South Medical and Mobility.

Wharton Calls for Outside Fairgrounds Review

Memphis Mayor A C Wharton Jr. told the Memphis Rotary Club Tuesday, Feb. 10, that the ambitious recasting of the Mid-South Fairgrounds – a project that is solely a City Hall creation at this point -- is going to get a second look from outside consultants.

Butler Snow Law Firm Expands in Nashville

The Butler Snow law firm has launched an expansion of its Nashville office as the firm Walker, Tipps and Malone PLC joined the multi-state law firm based in Tennessee and Mississippi with offices in Memphis.

Developer Says Now is Time for One Beale

A favorable lending environment and strong demand for Downtown apartments, hotel rooms and meeting space are providing a window for developers to move forward with a skyline-altering hotel and apartment development overlooking the Mississippi River at the foot of Beale Street, a member of the development team told Downtown officials Tuesday.

Imminent Danger

Pharmaceutical supply chain safety a global challenge

The risk is real. And the evidence is in the charges of second-degree murder against the owner of New England Compounding Center Inc., and pharmacists and others employed by the company.

Real Estate Community Readies for Pinnacle Awards

Planning is well underway for the Memphis Area Association of Realtors Commercial Council’s 14th annual Pinnacle Awards ceremony, an evening dedicated to bringing commercial real estate industry professionals together and honoring them for their accomplishments in the previous year.

Shelby County Mortgage Market Dips Slightly in January

Even though total mortgage volume in Shelby County dipped slightly in January, Magna Bank – among the top lenders for the month – actually grew its volume in during the month.

Lakeland Prep Land Purchase Takes Another Step

Lakeland Schools board members hired architects and planners Monday, Feb. 9, to begin design work on a new Lakeland Prep grade 6-12 school to open in August 2017.

Justin Ford: ‘We’re On The Cusp Of Change’

Shelby County commission chairman Justin Ford is running for Memphis Mayor in 2015.

New Flavor

Ugly Mug helps Memphis’ coffee scene continue to grow

Get used to seeing more of the Ugly Mug brand in Memphis. An open house in recent days at the Memphis-based roaster’s still relatively new brick-and-mortar location at Poplar Avenue and Perkins Extended was packed with customers and visitors sampling brews and some of the food items on the Ugly Mug menu.

Family Entertainment Chain Coming to Memphis

Main Event Entertainment is bringing its “Eat. Bowl. Play.” experience to Memphis with a 50,056-square-foot entertainment center and restaurant at Appling Road and Interstate 40.

City Talking Debt Restructure Two Years After State Warning

The Memphis City Council approved changes to city health insurance coverage in June and pension coverage in December.

Local Elections Ramp Up With Gumbo Fest

There were so many contenders for the District 5 seat on the Memphis City Council at the Sunday, Feb. 8, Tennessee Equality Project Gumbo Contest that they occasionally went for the same voter’s hand in the crowd of several hundred.

Students Earn More Than $260,000 in Art Scholarships

Technology changes just about everything, even art. But the 50th Annual Mid-South Scholastic Art Awards didn’t lack for entries – 2,185 individual submissions and another 80 senior portfolios.

SPORTS

Americans Striving to Find Their Place in a Global Sport

He was supposed to be the next Andy Roddick, the next great American tennis player. That’s what they said about Ryan Harrison.

One Team, Two Coaches: Grizzlies A Product of Hollins-Joerger

Lionel Hollins’ departure from the Grizzlies was awkward, messy, ill-timed and could have been the start of a very disheartening chapter in franchise history.

Jones, Vols Make Honor Roll With Recruiting Class

KNOXVILLE – Butch Jones has done it again.

NEWSMAKERS

Wade to Lead Southern College of Optometry's Hayes Center

Dr. Lisa Wade has been named director of the Hayes Center for Practice Excellence at Southern College of Optometry, which focuses on teaching business principles to help optometrists succeed in independent practice.

REAL ESTATE RECAP

Fogelman Company Launching Retail Center in East Memphis

6544 Poplar Ave., Memphis, TN 38118 -
A company affiliated with Robert F. Fogelman II plans to build a new retail center on a key piece of land in the heart of East Memphis.

SMALL BUSINESS

Entrepreneurs Find Creativity In Shared Space

In 2012, designer K. Brandon Bell in Memphis and photographer Sarah Rossi in New York City joined forces to help create virtual sets for the Tony Awards, the beginning of a mutually beneficial business partnership that continues to evolve.

LOCAL COLUMNISTS

Done Unto

BELL. BOWLING. CROWE. GARDENHIRE. KELSEY. NICELY. ROBERTS. AND NORRIS. Since last week’s debacle in the state Legislature – the abandonment of common sense and decency and hundreds of thousands of Tennesseans by their elected representatives – the ether and printed pages here and elsewhere have been full of various explanations and finger pointing. Let’s keep it simple. Let’s simply point that finger at those who raised their hands.

Insure Tennessee Fails to Win Sound Bite Test

Fresh off a resounding November re-election victory, Gov. Bill Haslam ran smack dab into the reality of Tennessee politics: The Republican Party abhors anything connected to President Barack Obama.

Relocating for Work

Moving for a new career, or the potential of a new career, can be daunting. You’ll have to sell your home. Your children will need new schools. Your belongings will have to be boxed, moved and unboxed. You’ll need to find new service providers, including doctors, hairstylists and childcare.

One Size Does Not Fit All

Ray’s take: Some things are always true about financial planning. Everyone should have a plan. Everyone should review his or her plan on a regular basis.

Long Live the Pasquins

Charlie Hebdo promotes itself as having a viewpoint that reflects “all components of left wing pluralism.” Its business is satire. It skewers Jews, Catholics, Protestants and Muslims. It has twice been attacked by terrorists. The attack in 2011 didn’t kill anyone.

Data for Fed Digestion

The recent weeks have seen a flurry of economic data that shed light on the United States economy. Here is a recap of two of those data points:

Taking Charge of Reviews

In a perfect marketing world, consumers would trust what a company is selling, believing in the maxim “You get what you pay for.”

The ‘Carnegie Hall or Bust’ Fundraiser, Part 2

Dr. Todd Robinson is a Navy pilot and flight surgeon, author, film producer, University of Tennessee Health Science Center alumnus and faculty member, and a practicing Memphis physician. He is an M.D. and a Ph.D. But until now there was one area in which he had no experience: fundraising.

Top Domestic Destinations for Americans

Best Beaches, Best Luxury Hotels, Top 10 Islands to Visit, Top 10 Cities for Kids, Top Five Destinations for Seafood – travel lists can be so exhausting.

Lack of Innovation at Nonprofits

Through the Southern Growth Studio, I have the great honor to work with nonprofits. Big ones. Growing ones. And ones on the verge of collapse.

TENNESSEE LEDGER
Nashville Edition

Ready.Fund.Grow! Offers Help for Women-Owned, Small Businesses

Small and women-owned businesses will have new sources of capital and know-how in 2015, thanks to a new initiative, Ready.Fund.Grow!, being developed by Pathway Lending and the Tennessee Small Business Development Center (TSBDC), along with a new Women’s Business Center which will be operated by Pathways.

Dr. Phil Delivers Hockey Therapy to the Masses

Dr. Phil toys with me as he allows me to work my center and left wing to get the puck tantalizingly close to his net.

1212 Makes Statement With January Sales

What a difference a boom makes. In 2008, when the Icon condos in the Gulch were beginning to close, the developer was under scrutiny. Some doubted the veracity of his reported sales figures.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 331 19,904
MORTGAGES 0 391 23,305
FORECLOSURE NOTICES 0 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 1 232 13,336
BUSINESS LICENSES 0 76 6,213
UTILITY CONNECTIONS 0 125 13,120
MARRIAGE LICENSES 0 94 4,936

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