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VOL. TMN-11 | NO. 9 | Saturday, March 3, 2018
Weekly Issue

Heir on the Side of Caution

How a 200-year-old covenant has shaped some of Memphis’ most iconic real estate

The closest and best parcel of land for a second convention center hotel in Downtown Memphis is the Mud Island parking garage. It’s a block away from the Memphis Cook Convention Center and is the first site that came up when a Denver developer approached the city last year about possibly building such a hotel.

EDITORIAL

Editorial: Overton’s Claim in the 21st Century

In relation to the piece of ground laid off and called the Promenade, said proprietors say that it was their original intention, is now, and forever will be that the same should be public ground for such use only as the word imports … and it is hereby expressly declared in conformity with such intention, that we, for ourselves, heirs and assigns, forever relinquish all claims to the same piece of ground called the Promenade for the purpose above mentioned.”

Tigers Suffer Worst Loss Ever at FedExForum

One night after the Memphis Grizzlies had their losing streak extended to 11 games in a defeat to a Phoenix Suns team that broke its own 10-game losing skid with the victory, the University of Memphis took losing at home to even lower level.

Memphis Students Travel to Czech Republic for MIM Exchange

Nine Memphis-area high school students are spending a week studying in the Czech Republic as part of the Memphis in May International Festival’s annual Student Exchange Program.

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Council and Commission Talk Pre-K and Workforce By The River

When 20 of the 26 Memphis City Council members and Shelby County Commissioners got together Thursday, March 1, at Beale Street Landing, the idea of some kind of county government funding for expanding access to pre-kindergarten ran into some resistance on the county side.

THE MEMPHIS NEWS ALMANAC

This Week In Memphis History: March 2-8

2008: On the front page of The Daily News, a rogue commodities trader at the Memphis regional office of MF Global Ltd. rings up $141.5 million of losses in just a few hours, costing the company almost a fifth of its market value.

NONPROFIT SECTOR

Driving the Dream

United Way initiative helping Memphians become self-sufficient

The aim of United Way of the Mid-South’s “Driving the Dream” project is still the same: Provide the means for more people to lift themselves out of poverty and, over time, achieve self-sufficiency.

Soulsville Foundation Adds Board Members, Eyes Future Growth

The foundation that launched 20 years ago and operates the Stax Museum of American Soul Music, Stax Music Academy and the Soulsville Charter School has added a dozen names to its board of directors. An expansion that’s meant to help lift the organization to new heights.

COMMUNITY

‘Selfless Leadership’

Dunavant Awards honor work of humble public servants

Hard-working, compassionate, dedicated, deeply caring, honest. These were the words used to describe Shelby County chief administrative officer Harvey Kennedy and General Sessions Criminal Court Judge Tim Dwyer, the honorees at the 15th annual Dunavant Public Servant Awards luncheon.

Report Shows Gaps Between Black, White Memphians

A detailed comparison of local poverty rates and other economic indicators in the 50 years since the sanitation workers strike shows persistent gaps between African-American and white Shelby Countians in just about every measure.

POLITICS

May Primaries Feature More Candidates, Women

The May 1 Shelby County primary ballot is set, with 33 Republicans and 50 Democrats seeking 23 county offices – specifically the right to advance as the nominees of their respective parties to the August county general election.

Local Political Partisans Begin Looking Beyond Trump

The founder of one of the city’s Trump “resistance” groups is among those looking for something beyond the resistance.

Corker Stays Out of Senate Race

U.S. Sen. Bob Corker of Tennessee will remain on the sidelines and not get into the 2018 race for the Senate seat.

SNAPSHOT

Here’s Mud in Your Eye

Karla Burr, left, boxes up a few cupcakes for Shannon Little, a customer of Muddy’s Bake Shop. Muddy’s opened on Leap Day in 2008 in the Sanderlin Center. The operation started small, with recipes from the home kitchen of founder Kat Gordon, using mixing bowls from her home as well as garage-sale furniture.

REAL ESTATE

Lake District Announces First Tenant

It was a symbolic day for Lakeland. On the same day that the last piece of the old Lakeland Factory Outlet Mall was torn down, the city’s 160-plus-acre mixed-use Lake District project celebrated another milestone – its first tenant.

City Files $25 Million in Building Permits for Raleigh Town Center

The city of Memphis has filed $25 million in building permit applications to move ahead with its Raleigh Springs Town Center plans.

New Construction North Of State Line Highlights Busy Q4

A flurry of large-scale build-to-suit projects north of the Tennessee-Mississippi state line – the first of their kind in a decade – capped off a busy 2017 for the Memphis industrial market, which closed the fourth quarter with 665,896 square feet of net absorption, according to Cushman & Wakefield/Commercial Advisors’ latest Marketbeat report.

Three Downtown Projects Get Green Light, EPE Plan Put on Hold

3677 Elvis Presley Blvd., Memphis, TN 38116 -
 Elvis Presley Enterprises’ new expansion plans have been put on hold for at least a month after an attorney with the city of Memphis requested the Economic Development Growth Engine for Memphis and Shelby County delay its vote to give the city more time to review the plans. The new plans submitted to the EDGE board call for 80,000 square feet of exhibit and convention space with restaurant and entertainment venues.

MLK 50

Progress Since Sanitation Strike Questioned 50 Years Later

There was no “reverse march” this past weekend. But there are signs on the Main Street Mall that trace the route of striking sanitation workers from Clayborn Temple to City Hall 50 years ago.

ARTS & ENTERTAINMENT

Orpheum Announces All-Musical Broadway Season

Patrons of The Orpheum Theatre’s Broadway series have known for more than a year the phenomenal Broadway musical “Hamilton” was coming to town in the summer of 2019.

CORPORATE NEWS

Kambs Tasked With Growing Commercial Arm of Terminix

ServiceMaster Global Holdings Inc. announced Tuesday, Feb. 27, that it will be purchasing one of the country’s largest commercial pest control operations and combining it with its Terminix brand.

FedEx Responds to Criticism Over Ties to National Rifle Association

The day after FedEx Corp. released a statement saying that would continue to offer discounts to National Rifle Association members despite differing opinions on gun legislation, the Memphis-based company released a follow-up statement addressing the backlash.

FedEx to Keep Discount Amid Calls for NRA Boycott

The day after FedEx Corp. released a statement saying that would continue to offer discounts to National Rifle Association members despite differing opinions on gun legislation, the Memphis-based company released a follow-up statement addressing the backlash.

SPECIAL EDITION Women & Business

Realization of ‘Strength in Numbers’ Can Help Women Continue Advancing

The accomplished female panelists at the Women & Business Seminar held by The Daily News Publishing Co. on Thursday, Feb. 22, were living evidence of how much progress there has been for women, even if there are still too many difficult moments.

FINANCIAL SERVICES

Year of Milestones, Major News for First Horizon

Ahead of its annual meeting of shareholders next month, First Tennessee Bank announced this week customers had given it top grades in the Phoenix-Hecht 2018 Quality Index for Middle Market Banking, an index that includes businesses with revenue between $20 million and $500 million.

HEALTH CARE

Donors Give $2 Million To Le Bonheur Children’s Hospital

Le Bonheur Children’s Hospital has established the Trish Ring Endowment for Child Health and Well-Being, thanks to a $2 million gift from Trish and Carl Ring.

MARTHA KELLY'S MEMPHIS

Perfect Landing

Memphis artist Martha Kelly sketches the PyeongChang 2018 Winter Olympics broadcast during a recent dinner at Next Door American Eatery in Crosstown Concourse.

MEMPHIS NEWSMAKERS

RBG Promotes Callicutt To Audit Partner

Accounting firm Reynolds, Bone & Griesbeck PLC recently promoted Joseph D. Callicutt Jr. to audit partner from the position of senior audit manager. Callicutt, a certified public accountant and 10-year RBG employee, works exclusively in the financial institutions industry niche and oversees audit, tax and consulting services, including outsourced internal audit, interest rate risk management, bank profitability and efficiency, and strategic planning facilitation for RBG’s financial institution clients. 

SPORTS

‘Gym Rat’ Building Another Winning Program

Tennessee’s basketball team is rolling into March Madness.

Tigers Hit Home Stretch With Confidence, Inspired to Prove Doubters Wrong

This much is beyond question: Tubby Smith never would have made it as a sports talk radio host. He does not really trade in hot takes. More like tepid takes.

Sports Notebook: Tigers and Grizzlies Have This Much in Common: 18 Wins

The local basketball teams are streaking, but not in the same direction. The Memphis Grizzlies dropped their 10th straight game on Monday, Feb. 26, at Boston. They own an 18-41 record.

THE PRESS BOX

Grizzlies’ Good Ship Ineptitude Sinks to New Low

Mainly, it was just sad. Say what you will about it being a big loss, i.e., a big win, in the name of tanking, but that’s an easier judgment when you’re not there for it.

TENNESSEE LEGISLATURE

Lawmakers Consider Armed Off-Duty Officers for Schools

Saying “this is Tennessee, not Florida” and school officers here will face trouble head-on, state Rep. Antonio Parkinson is co-sponsoring legislation to arm off-duty police to patrol public schools.

GOP Averts Ugly Battle with Corker Opting Out

It’s not often Tennessee’s Republican legislative leaders have to endorse a congressional candidate against a vacillating opponent. But the General Assembly’s GOP must have been worried about losing to a Democrat as they consolidated forces behind U.S. Rep. Marsha Blackburn in an effort to maintain a hold on the U.S. Senate seat Bob Corker might be vacating.

Medical Marijuana Legislation Moves Ahead

NASHVILLE – Bolstered by House Speaker Beth Harwell’s tie-breaking vote, Rep. Jeremy Faison’s medical marijuana legislation took an important step Tuesday, Feb. 27, in the General Assembly.

Pre-K Expansion Faces Resistance in Push for Sunday Wine Sales

NASHVILLE – Legislation sending revenue from Sunday wine sales to prekindergarten expansion faces a battle on several fronts when it reaches a committee in early March.

LOCAL COLUMNISTS

Lent Is Complicated

REPENTANCE. FORGIVENESS. AND WAFFLES. Lent is complicated.

Trust Funds 101

Ray’s Take: Most people have heard the expression, “He/she is a trust fund baby.” But what does that mean exactly?

Coming Around to Cruises

I’m going on a cruise. That statement isn’t so odd for the 20 million annual cruisers, but I’ve never boarded a cruise ship. I’ve never wanted to. Massive crowds, set itineraries and unimaginative food never interested me.

Treating Employees With Dignity

Part of my job is to work with professionals who have recently become unemployed. It’s incredible how many people are impacted by layoffs each day. Often, the person was let go due to something outside of their control. Their company reorganized and laid off an entire department. The employee had a great track record of loyal service.

Does Your PPC Measure Up?

For many reasons, 2017 proved to be an important year for all things data, and while the user interfaces for designing a pay-per-click (PPC) campaign may have changed little over the last year, the metrics behind such campaigns have increased notably.

Navigating The Fundraising Priority Maze

If you have worked with a nonprofit, you may have experienced getting lost in what we call the “fundraising priority maze.” Here’s what it looks like.

Belly Button Meeting Tips

We get hired to moderate and facilitate a lot of meetings. Sometimes they are annual strategic workshops. Sometimes they are customer co-creations. They range from strategy to innovation and every combination between the two poles.

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Blog News, Training & Events
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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The Memphis News: Business, politics, and the public interest.