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VOL. 133 | NO. 83 | Wednesday, April 25, 2018

Strickland Proposes City Property Tax Rate Change After Windfall

Memphis Mayor Jim Strickland is proposing a change in the city property tax rate from the current $3.27 to a $3.19 rate as part of his third budget proposal.

Memphis Depot Industrial Park Sells for $50 Million

The 4.2 million-square-foot Memphis Depot Industrial Park just north of Memphis International Airport has sold for $50 million.

I-Zone Chief Griffin Named Head of State-Run School District

The chief of schools for Shelby County Schools who was the founding director of Innovation Zone Schools is the new leader of the state-run Achievement School District.

Buying Local

Independent Bookstore Day Returns This Weekend

Don’t be surprised this weekend to come across customers at Burke’s Book Store posing in front of a “selfie station,” taking pictures of themselves at the 143-year-old Midtown institution to post and share with their friends.

Last Word: The City's Windfall, Chandler Parsons' Knees and Keith Sykes on Flying

When you think of economic engines that drive the Memphis economy there are a lot of corporate names past and present that come to mind. One further down the list is the Memphis Defense Depot in southeast Memphis more than 20 years after the Army closed up shop. Along the stretch of Airways near Memphis International Airport are the blue collar neighborhoods built by the hub for Army supplies that located here in the early 1940s on 4.2 million square feet of land.

Local Weather
Currently
Memphis, TN
82.0°F
Mostly Cloudy
Wind: from the Southwest at 16.1 gusting to 23.0 mph
Humidity: 79%

EVENTS

Baptist Memorial Health Care will host a seminar titled “Eating well on a budget: Learn how to plan a healthy meal for $10 or less” Wednesday, April 25, from 11:30 a.m. to 12:30 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave., room C. Visit baptistonline.org/events or call 901-227-3519 for details.

more events »

Downtown DoubleTree Hotel Sells for $28M

Columbus, Ohio-based Continental Hospitality Group has bought the DoubleTree by Hilton Hotel Memphis Downtown for nearly $29 million.

Graceland Map Shows New Arena, Convention Center and Manufacturing Center

A new map of plans for the Graceland campus in Whitehaven shows two “exhibit buildings” of 80,000 square feet each on either side of a “live event center” Elvis Presley Enterprises wants to build on the western border behind its Elvis Presley’s Memphis entertainment complex.

RegionSmart Summit To Focus On Fourth Bluff

Since its inception, Memphis and The Fourth Chickasaw Bluff on the Mississippi River have been bound together.

Republican Contenders for County Mayor Offer Different Views on Taxes

The three Republican primary contenders for Shelby County mayor have spent a lot of their time together talking about taxes this campaign season.

SPORTS

Reason to Believe: Grizzlies’ Parsons Hopeful For Healthy, Better Season Ahead

Chandler Parsons is optimistic, at least relatively speaking. For the first time in three summers, he is not having a knee surgery.

MEMPHIS NEWSMAKERS

Musician, Songwriter Sykes Joins Ardent as Chief Manager

Longtime songwriter, touring artist and studio owner Keith Sykes has joined Ardent Studios as chief manager, bringing more than 40 years’ experience in the music industry. More than 100 of Sykes’ songs have been recorded by other artists – including John Prine, Rosanne Cash and George Thorogood – and have sold more than 25 million records worldwide. In addition, he once played in Jimmy Buffett’s Coral Reefer Band and co-wrote the 1979 hit “Volcano” with Buffett.

LOCAL COLUMNISTS

Talk To Strangers

If you’re like me, the adults in your life taught you early on, “Don’t talk to strangers.” You may have even heard the phrase, “stranger danger.” The idea is that strangers can harm you in some way. Staying away from strangers kept you safe from kidnapping or something else bad.

Enticing Landing Pages That Convert

In the lead-capture business, the formula for success is straightforward on the surface: an offer strategy that your target market finds relevant, engaging ad content in a format that grabs the consumer, and an effective landing page that compels those consumers to take action.

LETTER TO THE EDITOR

Letter to the Editor: Beyond PILOTs – Thinking Big and National Leadership

Responsible tax incentives for economic development are without a doubt part of the equation in primarily closing the deal in recruiting new industry to Memphis.

TENNESSEE LEGISLATURE

Lawmakers Honor Man Hailed as Hero in Waffle House Attack

NASHVILLE, Tenn. (AP) – The man who snatched an AR-15 rifle away from a gunman at a Tennessee restaurant told Tennessee lawmakers Tuesday he faced "the true test of a man," drawing a standing ovation during his brief address.

Tennessee Senate Passes Bill for Monument to Unborn

NASHVILLE, Tenn. (AP) – The Republican-led Tennessee Senate has passed a bill that calls for a monument to unborn children to be placed on the state Capitol grounds.

Tennessee Lawmakers OK Whiskey Barrel Tax Exemption Bill

NASHVILLE, Tenn. (AP) – Tennessee's Republican-led legislature has passed a proposal to exempt Jack Daniel's and other distillers from property tax on whiskey barrels, a fee the company says it hasn't had to pay at least since Prohibition ended eight decades ago.

Governor's College Credit Requirement Bill Fails in House

NASHVILLE, Tenn. (AP) – A bill by Republican Gov. Bill Haslam that would require certain college scholarship students to finish 30 hours of credits annually has failed in the Tennessee House.

REGIONAL NEWS

Arkansas Court Rejects Bid to Approve Casino Measure Wording

LITTLE ROCK, Ark. (AP) – Arkansas' highest court rejected an effort Monday to force the state's attorney general to approve the wording of a ballot measure that would legalize casinos in four counties.

NATIONAL BUSINESS

Ex-Yahoo Paying $35M to Settle SEC Charges Over 2014 Hack

WASHINGTON (AP) – The company formerly known as Yahoo is paying a $35 million fine to resolve federal regulators' charges that the online pioneer deceived investors by failing to disclose one of the biggest data breaches in internet history.

MPAA Head Says Theaters Will Survive Rise of Streaming Sites

LAS VEGAS (AP) – Two film industry leaders told theater owners Tuesday that are optimistic about the movie and theatrical exhibition business despite concerns about declining attendance and competition from streaming services.

Southwest Has Been Faced With Fines, Union Safety Complaints

DALLAS (AP) – Southwest Airlines runs its planes hard. They make many short hops and more trips per day than other U.S. airliners, which adds to wear and tear on parts, including the engines.

Audi Recalls About 1.2M Vehicles; Coolant Pumps Can Overheat

DETROIT (AP) – Audi is recalling about 1.2 million cars and SUVs worldwide because the electric coolant pumps can overheat and possibly cause a fire.

NATIONAL GOVERNMENT

Trump Hints VA Pick Might Want to Withdraw Nomination

WASHINGTON (AP) – President Donald Trump suggested Tuesday that his pick for Veterans Affairs secretary might want to withdraw after the emergence of allegations about inappropriate workplace behavior, including over-prescribing prescription drugs and drinking on the job.

Agency Warns Retailers Not to Sell Juul E-Cigarette to Kids

WASHINGTON (AP) – Federal health officials on Tuesday announced a nationwide crackdown on underage use of a popular e-cigarette brand following months of complaints from parents, politicians and school administrators.

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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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