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VOL. TMN-8 | NO. 13 | Saturday, March 21, 2015
Weekly Issue

Love Song to a City

‘Let’s Stay Together, Memphis’ aims to advance the civic conversation

As the story goes, Al Green wrote the lyrics to “Let’s Stay Together” in about five minutes. In 1972, the song – which spans just three minutes and 13 seconds – reached No. 1 on the Billboard Hot 100.

Editorial: Leaders Should Talk Less, Act More to Move Memphis Forward

Leadership is a balance and in many cases the balance means taking a risk by acting and creating something with the knowledge that most citizens will know what they want when they see it.

EMPHASIS Economic Development

Small Loans, Big Change

Forgivable loan program helps businesses in targeted neighborhoods

When Mayor A C Wharton Jr. was growing up in Lebanon, Tenn., he remembers his father not being able to receive a traditional loan for the family business, Wharton’s Grocery, and turning instead to a gasoline distributor.

EDGE Developing Guidelines for Destination Retail Incentives

When Swedish furniture retail giant Ikea announced it wanted to build one of its destination retail centers in Memphis, the company was greeted with open arms.

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Memphis Officials Target High-Cost Markets for Office Jobs

On a recent trip to New York City to meet with site selection consultants, national headhunters and corporate executives, Greater Memphis Chamber officials and prominent Memphis business operators wined and dined the assembled crowd and touted the benefits of locating office operations in the Memphis area, a city and region in dire need of white-collar jobs.

THE MEMPHIS NEWS ALMANAC

This Week in Memphis History: March 20-26

1980: Frank Marino and Mahogany Rush headlined at the Mid-South Coliseum at the top of a busy bill that included a reformed Humble Pie led by Steve Marriott, Mother’s Finest and Angel.

Protesters Block Overflow Zoo Parking

A group of eight protesters blocked overflow Memphis Zoo parking on the Overton Park greensward Saturday, March 21, for several hours.

ServiceMaster Announces Post Secondary Stock Offering

Memphis-based ServiceMaster Global Holdings Inc. filed notice Friday, March 20, of its proposed secondary offering of common stock.

Special Delivery

Literacy Mid-South scores 500,000 books through national effort

The crowd should begin gathering on the Overton Park greensward around 11 a.m. Saturday, March 21.

Eat Your Heart Out, Memphis

It’s official. The Cheesecake Factory will open one of its signature restaurants at the Wolfchase Galleria.

FedEx Founder Not Worried About Uber Dabbling in Delivery

Popular ride-sharing service Uber has hinted it may eventually expand firmly into the logistics sector. It’s a straight line, the thinking goes, from delivering people between destinations to eventually ferrying packages from one point to the next.

FedEx Reports Strong Profit, Earnings for Third Quarter

FedEx Corp. delivered for investors in the third quarter, with profits jumping more than 50 percent for the Memphis-based company.

Ahead of the Pack

Archer-malmo honored among top dog-friendly workplaces

On any given day of the week, Memphis-based advertising, public relations and marketing agency archer-malmo has several guests on hand – often in unusual places like underneath the conference table during brainstorming meetings or even in the laps of those around that table.

Orgel Traces Path to School Board

The first chairman of the consolidated Shelby County Schools board judges how well the school board is performing its duties by how mundane its monthly voting meeting is.

Flinn Signals Exit From City Council

In the political mathematics of an election year, another seat on the Memphis City Council just opened up – sort of.

City Debt Restructure Isn’t the End of Finance Debate

The table was rectangular, not round. There was no green felt and nobody had a deck of cards. But when 10 Memphis City Council members, Mayor A C Wharton Jr. and Tennessee comptroller Justin Wilson gathered in the council’s committee room Tuesday, March 17, there were lots of comparisons to a poker game. And lots of money was at stake.

Women on Board

Transportation conference aims to bring more females to the industry

A career in the “transportation industry” equals 18 wheels, hour after hour of rolling down gray ribbons of highway and obligatory stops at weigh stations.

First Horizon to Host Shareholders

Shareholders of First Tennessee Bank’s parent company will have an opportunity next month to share their input on the direction of the company when they gather for its annual meeting in Memphis.

Salinger Legal Case Surfaces in Memphis Federal Court

A Memphis company that last summer published three short stories by J.D. Salinger in the U.S. is suing the J.D. Salinger Literary Trust over its plans to publish the trio as “Three Early Stories” in foreign markets.

Mortgage Market Up 8 Percent in February

Regions Bank saw a 14 percent gain in its mortgage volume year-over-year last month, a fact that Regions’ Memphis-area mortgage production manager Dean Puryear attributes to resurgent confidence in market conditions among consumers, as well as optimism in their own circumstances.

Helping Hand

Colliers International Memphis adopts Treadwell Middle School

If you know a teacher, then you know he or she spends countless hours encouraging young minds.

Morris Talks of ‘Opportunity Cost’

The president of the Downtown Memphis Commission says it is a mistake for Memphis leaders to try to match Nashville’s new convention center and massive convention centers being built in other cities.

Council Weighs City Debt Payment Restructuring Proposal

Memphis City Council members discuss and could vote Tuesday, March 17, on a restructuring of the city’s debt payments.

Home Sales Cool But Prices Heat Up

Fueled by bank sales declines and the onset of chilly winter weather, home sales slid 6 percent in Shelby County in February when compared to 2014, but prices continued to heat up, according to real estate information company Chandler Reports, www.chandlerreports.com.

Tanger Outlets to Open Southaven Mall in November

What is now a field near Interstate 55 and Church Road in Southaven, Miss., soon will become an outlet-shopping destination.

Flinn Rumor Could Impact Multiple City Council Races

Even before Shea Flinn gave a “no comment” last week to a persistent rumor that he would resign from the Memphis City Council, there were potential candidates eyeing his super district seat.

Mploy Promises More Than Summer Jobs

Approximately 800 teenagers and young adults already had applied for 1,000 summer jobs in a new city program by the time Memphis Mayor A C Wharton Jr. announced it last week.

SPORTS

Grizzlies Turnaround Not As Easy as Flipping a Switch

Consider just one headline from Yahoo Sports to demonstrate how fast a single word in a quote can blow up and get the media and fans alike into panic mode:

Smart Play: NFL Player Chooses Brain Over Bank

His feet were killing him. That’s why former Ole Miss linebacker Patrick Willis recently walked away from the NFL at age 30.

Garcia Aims for Return to St. Louis

For the minor-league position player hoping to make the big club out of spring training, two things are just as valuable as the bat and glove: optimism and, once your dream is re-routed, determination.

Kentucky Favored to Win NCAA Tournament; Tigers Turned Into Spectators

A Memphis sports fan has great motivation to now focus on the Grizzlies and the NBA, study for his or her upcoming Fantasy Baseball draft, or count the days until football kicks off.

Webb’s Decorated Tennis Program Taking Its Lumps

It’s a mid-March afternoon, and the Webb School of Knoxville boys’ tennis team is fresh off an 8-1 loss to Bristol’s Tennessee High School.

NEWSMAKERS

Daily News Names Managing Editor

Jane A. Donahoe has joined The Daily News Publishing Co. as managing editor. In her new role, she oversees award-winning coverage of business and government news for both The Daily News and The Memphis News.

REAL ESTATE RECAP

Chicago-Based LivCor Snaps Up Memphis Apartment Community

9230 Thornbury Boulevard, Memphis, TN 38125, Sale Amount: $51.3 million -
The Preserve at Forest Creek Apartments in Southeast Memphis has been sold for $51.3 million.

SMALL BUSINESS

Break It Down Towing 100 Percent Orange Mound

His company is Break It Down Towing, but Antonio Anderson’s home team is, and has always been, Orange Mound.

LOCAL COLUMNISTS

First At Last

TENNESSEE. FIRST AT LAST. That’s our new slogan. Time to own it. Some of you, my faithful readers, tell me I should be more positive about our prospects as a state. Look at the circus in Nashville – and remember how much fun I had at the circus as a kid, how hard I laughed at the clowns. Watch our march backwards, our retreat from progress – and think of it as a parade, marvel at how the marchers stay in lockstep with their eyes so firmly closed, applaud their speed and coordination.

Finding the Right Work-From-Home Job

Finding a work-from-home job (or WFH job as they’re sometimes called) can seem to be an impossible proposition. It’s like finding a unicorn. You’ve heard they exist, but you’ve never actually seen one.

Jones Still Battling for Medicinal Marijuana

State Rep. Sherry Jones is continuing her push for legalization of medical marijuana in Tennessee after taking it further than ever in the legislative process last year.

Self-Employment and Retirement Planning Responsibility

Ray's Take: Being self-employed has some great perks, such as the financial freedom to expand your business on your own terms. You decide about days off and holidays. You make all the executive decisions. But with those freedoms, comes responsibility.

Manning Lecture Moving

In the summer of 1966 I met Archie Manning in his hometown of Drew, Miss. In a game of touch football, I caught a pass or two from the future All-Pro quarterback. A few months later he spent a Friday night at my house in Greenville, after a dance to which he took a Greenville girl he was dating.

9 Ways to Keep Your Dream Job a Blessing

You’ve landed your dream job. Your next step: Make sure it doesn’t become a nightmare. Consider these nine ways to tap your network.

Don’t Make a Shrine of Your Success

There is a scene in the black-and-white section of The Wizard of Oz when one of the farmers (who later transforms into the Tin Man) tells Auntie Mae, “They’re going to make of a statue of me one day!” Her response handled the ego inflation with a dose of pragmatic farm wisdom. As she pointed to his next chore, she retorts, “Don’t start posing for it now.”

New Memphis Website Helps Guide Parents in School Selection

Education bends family trees in the direction of progress. It is a liberating experience that paves the way for the quality of life that proves beneficial to the individual, the family and the community.

Facebook Marketing Strategies

Facebook is a platform that has more than 1.39 billion monthly active users that, in theory, can be accessed for free. Seems like a no-brainer for businesses to be on board with a presence on the social media site.

TENNESSEE LEDGER

Less for the Tank, More for the Bank

With gas prices falling, drivers will have extra cash to play with this spring, summer

The U.S. Energy Information Administration predicts the typical American household will save nearly $750 on gasoline in 2015, but no one should expect the good fortune to last forever.

Middle Tennessee Mayors Push for Gas Tax Increase

A lot has changed in Middle Tennessee’s cities, towns and communities since 1990. Tennessee’s fuel tax has not.

Need Even Cheaper Gas? Groceries, Big Boxes Have It

Why be content with low gas prices when you can get discounted low gas prices?

Eurofix, Autofix Expand With Purchase of Middle Tennessee Midas Locations

When you live in an “it” city, it’s important to have an “it” car, or at least that seems to be the thinking given the number of high-end imports seen around Middle Tennessee these days.

Affordability? It’s All in the Eye of the Buyer

The new construction at 2314 Castleman sold last week for $1,365,000 after Brent Morris of Parks listed the home for $1,395,000. Morris has developed a niche in locating infill lots and teardowns – to use the plural of the now-popular noun created by adding verb to adverb – in the Green Hills area.

ServiceMaster Announces Post Secondary Stock Offering

Memphis-based ServiceMaster Global Holdings Inc. filed notice Friday, March 20, of its proposed secondary offering of common stock.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 102 224 17,767
MORTGAGES 127 277 20,703
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 176 510 36,326
BANKRUPTCIES 54 146 11,828
BUSINESS LICENSES 21 80 5,640
UTILITY CONNECTIONS 27 147 12,181
MARRIAGE LICENSES 11 60 4,417

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Issues | About

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