VOL. TMN-11 | NO. 13 | Saturday, March 31, 2018
Why the spring of 1968 in Memphis remains relevant
Bernard Lafayette remembers being in Memphis April 3, 1968, and a dejected Martin Luther King Jr. being roused from his room at the Lorraine Motel to speak at Mason Temple on a rainy night.
For 50 years and counting, April 4 has been an important day in the life of Memphis.
Here's a selection of events in Memphis marking the 50th anniversary of the 1968 sanitation workers' strike and the assassination of Dr. Martin Luther King Jr. April 3 is the 50th anniversary of King’s last speech – the “Mountaintop” speech at Mason Temple, while April 4 is the 50th anniversary of his assassination on the balcony of the Lorraine Motel.
When sanitation workers Echol Cole and Robert Walker were crushed by a garbage truck compactor on Feb. 1, 1968, it sparked a 64-day strike that reverberated throughout Memphis and beyond.
Developers in the Fletcher Creek basin area should consider temporary storage of wastewater from their developments as they plan for construction, the city public works director told a group of 50 developers Thursday, March 29.
EMPHASIS Economic Development
An organization that pursues sources of financial, human and intellectual capital to strategically revitalize neighborhoods wants to build a $5 million loan pool for investing in Memphis communities and leaders.
After more than a decade of preparation, The Lake District multiuse development in Lakeland is seeing some concrete progress. In fact, the developer, Los Angeles-based Gilad Development Inc., has signed its first tenant to the location on the southeast corner of the intersection of I-40 and Canada Road.
THE MEMPHIS NEWS ALMANAC
1968: “I looked down at Martin’s face. His eyes wobbled, then for an instant focused on me. ‘Martin, It’s all right. Don’t worry. This is Ralph. This is Ralph.’ His eyes grew calm and he moved his lips. I was certain he understood and was trying to say something. Then in the next instant, I saw the understanding drain from his eyes and leave them absolutely empty.”
Record Store Celebrates Milestone
The sign propped up on the porch beside the door announces a “huge sale” and “free show” this Saturday, March 31, at Shangri-La Records – the music shop at 1916 Madison Ave. you might mistake for a house if you were driving by too fast and not paying attention. Inside, the shop is packed with boxes of vinyl and arranged so that you actually have to slow down and thumb through all those sleeves and all that plastic if you want to get any kind of sense of the musical treasure herein.
Eight years after the Affordable Care Act was signed into law, the cost of health insurance premiums bought in marketplace exchanges locally has seen a big spike so far in 2018.
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.
Dr. Colleen Jonsson, director of the Regional Biocontainment Laboratory at the University of Tennessee Health Science Center, will be taking her work in infectious disease research to a new level as director of a new institute at UTHSC.
GOVERNMENT & POLITICS
County budget talks include proposed contract moratorium
The subject of county government’s $18 million to $25 million projected revenue surplus didn’t surface once this week as the Shelby County Commission’s budget committee continues to prepare for budget season. The Wednesday, March 28, committee session was the first since County Mayor Mark Luttrell’s administration said it is estimating the surplus for the current fiscal year, which ends June 30, because of better-than-expected county property tax collections and fewer appeals of property tax reappraisals.
Democratic U.S. Rep. Steve Cohen of Memphis almost voted for the Republican omnibus appropriations bill that recently passed Congress, averting a government shutdown.
With contenders in the May county primaries now appearing at various campaign forums, holding their own events and going door-to-door in search of votes, there are still a few gaps to be filled on the Aug. 2 state and federal primary ballot.
The two Democratic contenders for Shelby County mayor say they don’t think tax abatement incentives, primarily payments in lieu of taxes – or PILOTs – are working as an economic development tool in Shelby County.
REAL ESTATE & DEVELOPMENT
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.
When it comes to the Memphis apartment market, it’s steady as she goes, according to technology and analytics company RealPage. In 2017, the apartment housing market in Memphis experienced rent growth of 2.3 percent, ranking 26th out of the top 50 metropolitan areas in the U.S., according to RealPage’s data.
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.
NASHVILLE – Buoyed by the support of Gov. Bill Haslam, legislation making it less expensive for non-violent felons to clear their records is rolling through the General Assembly.
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.
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.
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.
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.
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.
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.
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.
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.
LAW & THE COURTS
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.
Pinnacle Bank is continuing to accelerate its growth in the Memphis banking market, with the opening in recent days of two new loan production offices, a new mortgage office, plus another mortgage office on the way soon in Southaven.
Andrew Bell had come to Memphis in January to discuss the possibility of becoming the first sporting director for the new USL (United Soccer League) franchise that will begin play here in 2019. And Bell was blown away by AutoZone Park, which will be the team’s home; the venue reminded him of the stadium where the Portland Timbers of Major League Soccer play.
Every day at Camp Grizzlies, school is in session. So many young players. And many of them are now getting minutes in NBA games that they haven’t earned so much as had handed to them in the name of development in an otherwise lost season.
Thank goodness Tennessee spring football is here. Vol Nation needs a diversion with all that’s happened the past couple of weeks, like the men’s basketball team losing to Loyola-Chicago in the NCAA Tournament’s second round, and Loyola advancing to the Final Four.
Team finishes 21-29, but development matters more than record
How successful was the first year of the Memphis Grizzlies’ G League team, the Memphis Hustle? Truth is, it may be a while before that judgment can be made.
Teri Hardister McCann, founder and executive director of Fairhaven Treatment Center for Eating Disorders, has launched the Mid-South Eating Disorders Association, a nonprofit organization for treatment providers seeking to build community, access educational opportunities, and build awareness of treatment options for eating disorders. McCann serves as the founding president of MSEDA.
Rebekah and Scott Tashie, owners of I Love Juice Bar, serve a platter of chocolate bowls for a smoothie tasting at their Cooper Street location on Wednesday, March 28. Demand has them adding new smoothie bowl flavors.
VIEW FROM THE HILL
The Tennessee General Assembly is making some monumental decisions these days – literally.
THE UNITED STATES OF GUNNYSACK. So you and your spouse are having a disagreement that escalates into an argument that moves up in decibels and moves into things flying off tables and dogs fleeing the room … and your spouse is winning … so you reach deep into your shared past and come up with something smelly, or several somethings, totally unrelated to the matter at hand to counter … and now nobody wins.
Ray’s Take: We all have memories of preparing to take a really hard test. Up all night studying, lots of caffeine, stressing up until that very moment you sit down with the paper and pencil knowing that everything you worked so hard for depends on the answers you mark on that one piece of paper. And then you have to wait for the results. The waiting may be harder than the test itself. I think this is how many people feel about getting their credit score.
The 2017 hurricane season ranked as the fifth-most active, leaving long-lasting effects on several Caribbean islands.
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.
Who wouldn’t like to make more money? If you’ve read my column before, you probably know that I’m an advocate of changing companies every three to five years (for many industries). On top of gaining extra experience, switching has the potential to bump up your pay considerably. But often there are times when you need a raise at your current employer.
One of the most cost-effective strategies for driving web traffic and generating online leads is email marketing. Unfortunately, most small and mid-sized companies have an email database filled mostly of current clients, business partners and other friends of the firm. To put a fire under your email marketing and dramatically boost results, follow these five steps for growing your email database.
It’s the beginning of a new year and the thought of retirement is becoming more realistic to you. The idea of working a 9 to 5 may not give you the same thrill as when you were a spring chicken entering the workforce.
“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.”
If you boil down the function of human relations to logical extremes, you end up with polar opposites.