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VOL. 133 | NO. 64 | Thursday, March 29, 2018

Massive Mixed-Use Project Slated for Broad Avenue

In many ways the Broad Avenue water tower has become the defining emblem of the iconic arts district, but the empty warehouse it sits on stands in stark contrast from the vibrant shops, restaurants and art galleries that line the more developed south side of the street.

EPE 'Disappointed' With Memphis' Stance on Arena Proposal

Elvis Presley Enterprises plans to build a 5,000- to 6,000-seat arena with no incentives from the city of Memphis, but it’s seeking an increase in the percentage of tax increment financing from the Graceland TIF District for its other expansion plans.

Explore Bike Share Reveals Station Locations

The launch of Explore Bike Share is getting closer with the nonprofit revealing Wednesday, March 28, the locations of the stations for the 600-bike system.

Strickland Talks of Work To Be Done 50 Years After Strike

Memphis Mayor Jim Strickland says the hardest part of growing black-owned business, and thereby black wealth in the city, is increasing the number of minority-owned firms in certain sectors.

Last Word: Yoga's Return, Strickland on MLK50 and The Broad Water Tower Move

The two parks where Confederate monuments were removed this past December will feature some new experiences now that spring is here both by the calendar and by all that flowers and clouds that are heavy with rain. Memphis Greenspace, the nonprofit that bought Health Sciences and Memphis Parks from the city at the end of 2017, will roll out its first programming for the two parks next week including a Truth Booth at Memphis Park along with the return of Downtown Yoga. It will be tai chi Tuesdays and yoga Thursdays at Health Sciences Park along with a lunchtime music series.

Local Weather
Currently
Memphis, TN
72.0°F
Mostly Cloudy
Wind: Calm mph
Humidity: 94%

EVENTS

Abundant Grace Fellowship hosts performances of “The Gospel According to Soul” Friday and Sunday, March 30-31, from 7 p.m. to 9:30 p.m. and Sunday, April 1, from 6 p.m. to 8:30 p.m. at 1574 E. Shelby Drive. Produced by Stage 88, the production combines the gospel story of Jesus with the stirring sounds of soul music from the 1960s and ’70s. Tickets are $25. Visit stage88.com.

more events »

SCS Moves Closer to Purchase of New HQ at 3030 Jackson

The Shelby County Schools system is a step closer to moving its headquarters from the Fairgrounds area to the Bayer Building at 3030 Jackson Avenue.

Two New Food Concepts Coming to Crosstown Concourse

Crosstown Concourse is set to add a pair of new food concepts to its tenant mix this summer. Global Cafe, an international food hall where a mix of cuisines will be prepared by three immigrant food entrepreneurs and their staff, and Lucy J’s Bakery, which specializes in custom event cakes and fresh baked goods, will open in part of the space now occupied by Curb Market.

Memphis Genotyping Company Acquired by Private Equity Firm

Transnetyx, a Memphis-based automated genotyping company that serves biomedical researchers around the world, has been acquired by a St. Louis-based private equity firm.

VIEW FROM THE HILL

Davy Crockett’s Fine, But Let’s Not Get Carried Away

The Tennessee General Assembly is making some monumental decisions these days – literally.

LOCAL COLUMNISTS

Hurricanes: Six Months Later

The 2017 hurricane season ranked as the fifth-most active, leaving long-lasting effects on several Caribbean islands.

Buy/Sell Agreements Provide Protection

Whether you call them buy/sell agreements, buyout agreements, or business prenuptials, every business needs to have an exit strategy. When there’s no plan, an owner’s departure can lead to uncertainty and litigation.

MEMPHIS AREA

Visiting Memphis 50 Years After King's Assassination

MEMPHIS, Tenn. (AP) – Fifty years ago, the Rev. Martin Luther King Jr. was killed while standing on the balcony of the Lorraine Motel in Memphis, Tennessee. The civil rights leader's shocking murder on April 4, 1968, marked one of the most significant moments in U.S. history.

STATEWIDE

Tennessee Governor OKs School Safety Plan Recommendations

NASHVILLE, Tenn. (AP) – Gov. Bill Haslam has approved the recommendations of a school safety panel, including a security risk assessment of all Tennessee public school facilities.

Southern Baptist Leader Resigns After 'Relationship'

NASHVILLE, Tenn. (AP) – The president and chief executive of the Southern Baptist Convention's executive committee has resigned following a "morally inappropriate relationship."

NATIONAL BUSINESS

Walmart Removes Cosmopolitan Magazine From Checkout Aisles

BENTONVILLE, Ark. (AP) – Walmart says it was a business decision to remove Cosmopolitan magazine from its checkout aisles, but some groups have raised concerns about the sexual content of the publication marketed to women.

US Economic Growth in Q4 Revised Up to 2.9 Percent Rate

WASHINGTON (AP) – The U.S. economy grew at a solid 2.9 percent annual rate in the final three months of last year, a sharp upward revision that caps three quarters of the fastest growth in more than a decade. The Trump administration is hoping the economy will accelerate further this year, aided by sizable tax cuts and increased government spending.

AUTO INDUSTRY

Daimler, BMW to Merge Car-Sharing, Other Digital Services

FRANKFURT, Germany (AP) – Automakers Daimler and BMW have agreed to merge their transportation services businesses so they can expand offerings in ride-hailing apps, car-sharing, parking, and charging electric cars.

NATIONAL GOVERNMENT

Trump Says Second Amendment Won't Be Repealed

WASHINGTON (AP) – President Donald Trump tweeted Wednesday that the Second Amendment "WILL NEVER BE REPEALED" and called on voters to elect more Republicans in this fall's congressional elections because the GOP "must ALWAYS hold the Supreme Court."

TECHNOLOGY

Facebook Revamps Privacy Tools as Tighter EU Rules Draw Near

NEW YORK (AP) – Facebook is giving its privacy tools a makeover as it reels from criticisms over its data practices and faces tighter European regulations in the coming months.

New Service Aims to Follow Users Across Multiple Devices

NEW YORK (AP) – Some 60 companies including such leading brands as Subway, Sprint and the NFL are joining forces to help each other follow you around online.

3 Facebook Messenger App Users File Lawsuit Over Privacy

SAN FRANCISCO (AP) – Three Facebook Messenger app users have filed a lawsuit claiming the social network violated their privacy by collecting logs of their phone calls and text messages.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 322 8,071
MORTGAGES 93 381 9,580
FORECLOSURE NOTICES 31 81 1,439
BUILDING PERMITS 236 688 17,295
BANKRUPTCIES 52 207 5,613
BUSINESS LICENSES 35 143 3,091
UTILITY CONNECTIONS 28 128 3,378
MARRIAGE LICENSES 27 120 1,808

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