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VOL. 133 | NO. 62 | Tuesday, March 27, 2018

City Working to Settle EPE/Grizzlies Dispute as Litigation Mounts

As the litigation piles up in a dispute between two of the most recognizable brands in Memphis, city officials say they are still hopeful a deal can be worked out between Elvis Presley Enterprises and the Memphis Grizzlies.

Historic MLK Speech, Handwritten Notes Unveiled at U of M

Dr. Martin Luther King Jr.’s iconic speech ending with the three words most often associated with him and the civil rights movement – “We Shall Overcome” - are now on display inside the University of Memphis’ Ned R. McWherter Library.

Coletta to Lead Changing Riverfront Development Corp.

The new president and CEO of the Riverfront Development Corp. will oversee changes in the organization that runs the city riverfront under a contract with the city. The changes include more of an emphasis on raising private money for the city’s riverfront plan as well as a name change to be announced later.

IP Seeks Engagement After Smurfit Rejects Second Acquisition Offer

International Paper Co. of Memphis said Monday, March 26, it wants to “engage” with the board of Smurfit Kappa Group after the Irish cardboard box and paper bag maker rejected IP’s bid to takeover the company.

Last Word: The RDC's New Leader, Potter on 100 North Main and FedEx Moves

Is Memphis big enough for FedExForum and some kind of event space on the Graceland campus in Whitehaven? The city administration thinks that could be the case. But it requires an “honest broker” between Graceland and the Grizz – who run the forum for the city and county – to quote city chief legal officer Bruce McMullenif there is a deal to be had.

Local Weather
Currently
Memphis, TN
76.0°F
A Few Clouds
Wind: North at 8.1 mph
Humidity: 67%

EVENTS

Rhodes College will host an MLK50 panel discussion Tuesday, March 27, from 6 p.m. to 7:30 p.m. in McNeill Concert Hall on Rhodes’ West Campus, 613 University St. Alumni and community leaders will discuss significant events they experienced leading up to and immediately following Dr. Martin Luther King’s death. Visit rhodes.edu/content/mlk50 for details.

more events »

Head of American Home Shield Leaves as Spin-Off Continues

The head of the American Home Shield division of Memphis-based ServiceMaster has left the company as it continues the process of spinning off from ServiceMaster.

Potter Says 100 North Main Building Has Made Progress But Needs More

A month into his retirement, General Sessions Environmental Court Judge Larry Potter wishes he could have seen more evidence of a turn-around at the city’s tallest building.

Gun Violence March About More Than School Safety

The Memphis “March For Our Lives” that drew several thousand people Downtown Saturday, March 24, focused on gun violence beyond the Parkland, Florida, school massacre that prompted the national movement about a month ago.

FedEx Scraps Plans for Suburban Indianapolis Ground Hub

GREENWOOD, Ind. (AP)FedEx Corp. has scrapped plans to build a ground distribution center in suburban Indianapolis that was expected to create more than 450 mostly part-time jobs.

TENNESSEE LEGISLATURE

Lawmakers Seek to Ease Jack Daniel’s Tax Burden

NASHVILLE – Jack Daniel’s is over a barrel – literally – regarding a tax assessment, an attorney general’s opinion and the potential impact of President Donald Trump’s trade tariff.

Questions for Feds Delay TennCare Work Requirement Bill

NASHVILLE, Tenn. (AP) – Tennessee lawmakers have temporarily hit pause on their push to make many able-bodied adults either work, volunteer, or take classes if they don't have children younger than 6, in order to keep their TennCare health coverage.

EMPHASIS Retirement Communities

Experts: Start Conversation Early About Move to Retirement Community

Jim Shoemaker, president and CEO of Germantown-based financial planning firm Shoemaker Financial, had a sit-down in recent days with three sisters and their husbands, for a talk about what to do about their mother.

$23M HarborChase Slated For Completion in 2019

In just 12 years, one out of every five Americans will be 65 or older. In the senior housing industry, the Greatest Generation is increasingly giving way to their children, the baby boomers. And that means developers and operators are changing retirement communities to suit the tastes of this next wave of residents.

Serving Seniors

Memphis Jewish Home To Open New Rehab Wing

Memphis Jewish Home and Rehab broke ground last month on a $7.5 million rehab wing. The addition will include 16 private treatment rooms, a new dining area, an aqua therapy pool, an indoor walking path and space for more exercise equipment.

REAL ESTATE RECAP

EPE Expansion in Limbo, Overton Square Restaurant Sets Opening Date

3734 Elvis Presley Blvd., Memphis, TN 38116 -
Elvis Presley Enterprises’ expansion plans have been put on hold for the second straight month as the Economic Development Growth Engine for Memphis and Shelby County board continues to sort out if any implications will stem from approving bond financing for the Whitehaven project.

LOCAL COLUMNISTS

The Right To Be Wrong

“Fundraising is known for its abundance of failures and few successes.” We can’t recall who said this, but we know it is true. Yet many people think otherwise. Plans are created; goals are set. Most are focused on “incremental growth.”

Innovating Human Resources

If you boil down the function of human relations to logical extremes, you end up with polar opposites.

REGIONAL NEWS

Energy Department Withdraws From Arkansas Power-Line Project

LITTLE ROCK, Ark. (AP) – The U.S. Department of Energy has withdrawn support for a $2.5 billion power-line project through Arkansas opposed by landowners who feared they would be forced to sell their property against their will.

Gamblers Lose Less at Mississippi Casinos in February

JACKSON, Miss. (AP) – Casino revenue fell again in Mississippi in February, although it not as much as in January, as improvements along the Gulf Coast were outweighed by further declines at Mississippi River casinos.

NATIONAL BUSINESS

Frontier Gun Maker Remington Seeks Bankruptcy Protection

Remington, the storied gun maker that began turning out flintlock rifles when there were only 19 states in the Union, has filed for bankruptcy reorganization amid years of slumping sales and legal and financial pressure over the Sandy Hook school massacre.

Survey of Business Economists Finds Growing Optimism

WASHINGTON (AP) – Business economists are expressing optimism that tax cuts and increased government spending will accelerate economic growth over the next two years.

HEALTH CARE

Dentist Group Puts Teeth in Push to Curb Opioid Painkillers

CHICAGO (AP) – The American Dental Association wants dentists to drastically cut back on prescribing opioid painkillers.

TECHNOLOGY

Facebook Faces Scrutiny for Pulling Android Call, Text Data

On the same day Facebook bought ads in U.S. and British newspapers to apologize for the Cambridge Analytica scandal, the social media site faced new questions about collecting phone numbers and text messages from Android devices.

FTC, States Increase Pressure on Facebook on Privacy

NEW YORK (AP) – U.S. regulators and state attorneys general are increasing pressure on Facebook as they probe whether the company's data-collection practices have hurt the people who use its services.

What Facebook's Privacy Policy Allows May Surprise You

NEW YORK (AP) – To get an idea of the data Facebook collects about you, just ask for it. You'll get a file with every photo and comment you've posted, all the ads you've clicked on, stuff you've liked and searched for and everyone you've friended – and unfriended – over the years.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
FORECLOSURE NOTICES 10 70 1,928
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762
BUSINESS LICENSES 23 184 4,083
UTILITY CONNECTIONS 22 166 4,847
MARRIAGE LICENSES 16 81 2,625

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