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VOL. 125 | NO. 71 | Tuesday, April 13, 2010

UPDATE: City & MCS Come to Terms on $50M Payment

The Wharton administration and Memphis City Schools officials have reached an agreement for the city to pay the school system $50 million starting in May.

Tricky Market

Several factors lead to distressed apartment market

Because loan defaults are a common occurrence in this difficult financial climate, last week’s news that the 306-unit Preserve at Southwind Apartments had been foreclosed could easily be chalked up to a case of “another one bites the dust.”

UPDATE: Bass Pro Shops Sets Nov. Opening Date For Pyramid

Wharton Sends Draft Lease Agreement To Retailer

Bass Pro Shops executives have set a November 2011 opening date for their planned renovation of The Pyramid as a retail store with other attractions.

Mortgage Numbers Stronger in Q1

The mortgage industry’s first quarter was the picture of progress compared to the same quarter a year ago.

CCRFC Approves Two Tax Freezes for Downtown Projects

Gene Carlisle appears set to move his company’s corporate office from 100 Peabody Place to a new 16,000-square-foot Class A office space his company is developing out of what was the old One Beale sales center.

Local Weather
Memphis, TN
A Few Clouds
Wind: West at 8.1 mph
Humidity: 53%


The Memphis Rotary Club will meet today at noon at the University Club of Memphis, 1346 Central Ave. Sister Maureen Griner, co-director of Dorothy Day House, will speak on the topic “Understanding Poverty.” Cost is $18. To register, e-mail Taylor Hughes at taylor@memphisrotary.org.

more events »

Methodist Campaigns to Fight Sickle Cell

The Methodist Healthcare Foundation today will launch a $5 million fundraising campaign to establish a sickle cell treatment center at Methodist University Hospital.

Nonprofit Orgs Create Garden for Binghampton

Land that lay fallow and forgotten for decades has been cleared and tilled for a garden to nourish Binghampton residents with fresh vegetables and provide them with jobs.

Local Officials Overestimate Tax Rates

Memphis and Shelby County governments collected more property tax revenue than they needed in 2009, according to new figures from the Shelby County Assessor’s office.

City Council to Take Final Panhandling Vote

The Memphis City Council returns to action after a three-week break with final votes due today on several longstanding agenda items, along with new panhandling and Downtown beer sales points.

Daredevils Not Required For Stunt Marketing

We could all learn a marketing lesson from the Miss America pageant, which debuted back in 1921 as a stunt to draw tourists to Atlantic City after the high season.

Take a Ride on the Job Train

Job seekers can leave behind the frustration of the online career search and have face-to-face interviews during a weekend trip to New Orleans.

Memphis College of Art Files Permit for South Main Building Renovation

477 S. Main St., Memphis, TN 38103, Permit Amount: $2.2 Million -
The Memphis College of Art has filed a $2.2 million permit with the city-county Office of Construction Code Enforcement to renovate its newly acquired 49,025-square-foot building at 477 S. Main St. in the South Main Historic Arts District, where the college will house its graduate school.

Memphis City Council Agenda

The Memphis City Council will meet today at 3:30 p.m. at City Hall, 125 N. Main St. Among the issues to be discussed today are rules for panhandling and Downtown beer sales. Click on the meeting icon for a full agenda.


Study Sees Jobs if Tennessee Cuts Energy Demand

CHATTANOOGA, Tenn. (AP) - An energy efficiency study shows that reducing Tennessee's projected 15 percent increase in residential, commercial and industrial power demand in the next two decades can create more than 20,000 jobs.

Rural Libraries Getting Computer Help in State

NASHVILLE, Tenn. (AP) - Computer technology resources and training will soon be coming to as many as 76 libraries in 61 rural Tennessee counties.


Panel Not Ready to Say When Recession Ended

WASHINGTON (AP) – A panel of academics that dates the beginnings and ends of recessions isn’t ready to declare just yet when this downturn ended.

AP Survey: Recovery to Remain Sluggish into 2011

WASHINGTON (AP) - The pillars of Americans' financial security – jobs and home values – will stay shaky well into 2011, according to an Associated Press survey of leading economists.

Key Fed Unit to Get a New Chief

WASHINGTON (AP) - A Federal Reserve division that helps shape interest-rate policy is getting a new chief.


March Budget Deficit Declines to $65.4B

WASHINGTON (AP) - The budget deficit for March showed a dramatic decline as the Obama administration formally entered a lower ultimate cost for the government's $700 billion financial bailout program.

Source: Judge Sidney Thomas on Supreme Court List

WASHINGTON (AP) - President Barack Obama's candidates for the Supreme Court include a new name, federal appeals court judge Sidney Thomas of Montana, and at least six others who were considered contenders when Obama chose his first high court nominee last year, The Associated Press has learned.

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Blog News, Training & Events
PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700

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