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VOL. TMN-11 | NO. 17 | Saturday, April 28, 2018
Weekly Issue

Building Heritage

Mixing the city’s hidden history with new growth

The basement of the Universal Life Insurance building, a Memphis landmark at Danny Thomas Boulevard and Dr. Martin Luther King Jr. Avenue, is still defined by the intersection of overhead ventilation shafts and pipes.

EDGE PILOTs Outperform Minority Spending Requirements, Report Says

The Economic Growth Development Engine for Memphis and Shelby County released a PILOT Recipient Spending report that details its certified local, minority and women-owned business spending.

Strickland and Weinshanker Trade Public Responses in Graceland Arena Controversy

They aren’t talking directly to each other, but Memphis Mayor Jim Strickland and Graceland Holdings managing partner Joel Weinshanker traded public responses to each other Friday, April 27.

EDITORIAL

Editorial: GOP Governor Contenders Botched Pre-K Opposition

When three of the four major Republican contenders for Tennessee governor came to Memphis recently and each said without hesitation they oppose universal prekindergarten, it got the attention of those at the forum.

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Web Extra: Forrest Slave Market Site Emerges From Past As Part of Heritage Trail

The same week as the formal re-opening of the Universal Life Insurance building, Tim Huebner, a Rhodes College history professor, and the students in his “historical methods” class went to Calvary Episcopal Church to unveil a new historical marker that marks the site of a very different business success story.

Strickland Responds to Graceland Push for Arena Approval

UPDATE: Memphis Mayor Jim Strickland responded Friday, April 27, to comments made by Graceland Holdings managing partner Joel Weinshanker Thursday evening at a town hall meeting about Graceland's expansion plans. Here is the statement in full.

A Dozen Mural Artists Take City To Court Over 'Beige Patrol' Action

A group of a dozen artists whose murals were painted over in February or have been targeted for painting over by city public works crews are suing the city of Memphis in federal court.

RegionSmart Summit Brings Out Best of the Mid-South

Though the Mid-South is made up of a many different neighborhoods, cities and even states, many of the ties that bind the region together were on display at the third annual RegionSmart Summit.

SPECIAL REPORT

Q1 Economic Overview Underscores Optimism

Buoyed by everything from a big cut in tax rates to the performance of the stock market of late, Mike McManus, co-founder of wealth management firm McManus Reilly Financial, says his clients have been acknowledging a resurgence in optimism these days. About everything from the economy to the state of their own financial affairs – a sentiment that the latest data and local economic indicators helps underscore.

THE MEMPHIS NEWS ALMANAC

April 27-May 3, 2018: This week in Memphis history

2011: The second storm in a week drops another 4 inches of rain on the city in addition to the 7.8 inches in late April as the Mississippi River crests upstream at Cape Girardeau, Mo.

ECONOMIC DEVELOPMENT

Downtown Designs

Developers propose new apartments, riverfront park changes

A pair of proposed developments could change the look of two well-known Downtown areas: Mississippi River Park on Riverside Drive and the neighborhood around the National Civil Rights Museum.

Coletta Talks About Phase One of Riverfront Redevelopment After Memphis In May

Once the Memphis In May International Festival ends, workers will move into Mississippi River Park to begin the $65 million first phase of redevelopment of the riverfront.

HEALTH CARE

Baptist Expanding Telehealth Services

Patients at Baptist Memorial Health Care Corp. hospitals are increasingly being treated by health care professionals who aren’t on-site at the hospital.

Leading Memphis Transplant Surgeon: Almost Everyone Can Donate Something

Earlier this month, a flag-raising ceremony was held in front of Methodist University Hospital to recognize National Donate Life Month in April and raise awareness about organ and tissue donation.

UTHSC Set To Open New Training Facility

In less than three weeks, the University of Tennessee Health Science Center will launch its new $39.7 million, 45,000-square-foot building packed with high-tech tools and a cutting-edge training environment.

Methodist Opens Limb Preservation Center to Curtail Amputations

Fred Hallman, general manager for the Olive Branch Fairfield Inn and Suites by Marriott, narrowly avoided an amputation of his right foot after stepping on a small piece of glass last year.

NONPROFIT SECTOR

A Work Home Found

Phillips Sees His Life’s Work as Executive Director at Su Casa

Growing up in Texas, just south of Houston, Michael Phillips always had been around people speaking Spanish. He took Spanish classes (and German, too) in high school and always liked the language.

REAL ESTATE & DEVELOPMENT

Industrial Market Off To Good Start in 2018

The Memphis area industrial market is off to a good start in 2018 with a steady stream of tenant demand looking to fill the more than 5 million square feet of construction underway.

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.

CA Sells Land, CBRE Inks New Office Deal

597 Beale St., Memphis, TN 38103: Gannett Co. Inc., The Commercial Appeal’s parent company, has sold 5 acres adjacent to the CA’s 495 Union Ave. location to a New York-based investment company that specializes in acquiring underperforming and underutilized locations from legacy newspapers. -
 Twenty Lakes Holdings, doing business as 597 Beale Street LLC, purchased the parking lot behind the CA building for $1 million, according to a Tuesday, April 17, warranty deed.

GOVERNMENT & POLITICS

Strickland Proposes Lower Property Tax Rate

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.

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.

Early Vote in Shelby County Primaries Tops 20,000 So Far

More than 20,000 voters cast ballots early through Saturday, April 21, in advance of the May 1 election, more than half in the Democratic county primaries.

RETAIL

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.

LAW & THE COURTS

Duran Case Moves To Federal Court In Louisiana

Memphis Police director Michael Rallings says his department isn’t working with federal immigration agencies that are becoming more aggressive in how undocumented immigrants are dealt with.

State and Federal Corruption Charges Against Two Cops Prompt Review of Their Cases

The District Attorney General’s office is reviewing arrests and criminal cases in which two former Memphis Police officers played a major role. The review comes after officers Terrion Bryson and Kevin Coleman were indicted by the Shelby County grand jury and a federal grand jury on state and federal drug conspiracy, robbery and corruption charges.

THE TIPPING POINT

Schwartz Advocates Holistic Health Through Community

When you think about the person who has the most impact on your overall health, is it your doctor who you occasionally see for a fixed period of time – or is it a close friend, parent or spouse?

SPORTS

Our College Athletes Are Americans, Too, So Let’s Treat Them That Way

If you spilled an entire carton of milk on your kitchen table, you could count on the 12-member Commission on College Basketball to rush in and … not actually clean it up, just dab around the edges and leave a large and smelly stain in the center of your table cloth.

Players’ Experience

On Recruiting Trail, Reputations of New Memphis Coaches Precede Them

In his piece on John Calipari at theringer.com, writer Jordan Ritter Conn makes the case that the former University of Memphis coach is the best recruiter in college basketball history. His evidence includes this statistic: Since coming to Kentucky in 2009, Calipari has landed 30 McDonald’s All-Americans and sent 33 players to the NBA.

Advance And Learn: Predators Prove Their Ability to Evolve

Every round of the NHL playoffs presents teams an opportunity to grow as they move forward.

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.

With NFL Draft Thursday, Will Tigers’ Anthony Miller Go Late in First Round?

The NFL Draft is this Thursday. And University of Memphis wide receiver Anthony Miller is on the league’s radar. At nfl.com, draft analyst Mike Mayock ranks Miller as being tied for fifth-best receiver available with Oklahoma State’s James Washington.

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.

TENNESSEE LEGISLATURE

Tenn. Legislature Breaks TNReady Gridlock, Adjourns Session

NASHVILLE – The House and Senate broke gridlock Wednesday night on problems stemming from the results of troubled TNReady testing by passing legislation saying no “adverse action” would be taken against teachers, students or schools for poor test scores.

Memphis Lawmakers React to House Pulling $250,000 Bicentennial Funding

NASHVILLE – The state House of Representatives declined to reconsider its decision to pull $250,000 from Memphis to fund a bicentennial celebration as it stiffened penalties this week for potential violations of the Tennessee Heritage Protection Act.

VIEW FROM THE HILL

Schools’ Success Too Dependent on Weak Vendor

The “debacle” called TNReady, a standardized test ruling the lives of students, teachers and administrators, is the predictable result of brain drain – not by students but by Tennessee’s leaders.

LOCAL COLUMNISTS

The Q Standard

SOMETHING MESSY, NOT TO BE MESSED WITH. In past columns I’ve chastised my fellow boomers who not only wish for times gone by; they live there. Gathered around lunch tables, they complain about things like technology – passing around pictures of their grandkids on smartphones and getting up and down from that table on knees and hips supplied by that technology.

The Business of Airbnb

Ray’s Take: The story of one of the world’s hottest tech companies starts with two roommates, Brian Chesky and Joe Gebbia, offering air mattresses and homemade breakfast in their apartment to out-of-town guests who couldn’t afford a hotel room in San Francisco. What started as a way to make a few bucks to pay their rent is now the company Airbnb.

Ladies of Charity: Serving Memphis for 80 Years

There are hundreds of nonprofit organizations in Memphis founded to address a multitude of needs that plague our city, such as under-education, poverty, homelessness, crime, and societal ills and issues of all kinds. They range from grass roots organizations with a handful of volunteers who multitask to raise the needed funds, to large single-source private foundations with multimillion-dollar distributions.

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.

Board Members Must Set Goals

When joining a board, whether you are a new or established board member, we suggest you take the time to define for yourself what you want to accomplish through your service.

Conscious Capitalism: Conversation With Raj Sisodia, Part One

Raj Sisodia is the professor of global business, Babson College, and co-founder and co-chairman, Conscious Capitalism Inc. Raj has written 10 books and more than 100 academic articles. He is the co-author (with John Mackey, co-founder and co-CEO of Whole Foods Market) of “Conscious Capitalism: Liberating the Heroic Spirit of Business” (Harvard Business Review Publishing, 2013), a New York Times and Wall Street Journal bestseller.

Strickland and Weinshanker Trade Public Responses in Graceland Arena Controversy

They aren’t talking directly to each other, but Memphis Mayor Jim Strickland and Graceland Holdings managing partner Joel Weinshanker traded public responses to each other Friday, April 27.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 77 77 11,602
MORTGAGES 79 79 13,506
FORECLOSURE NOTICES 0 0 1,858
BUILDING PERMITS 96 96 24,260
BANKRUPTCIES 53 53 7,526
BUSINESS LICENSES 31 31 3,943
UTILITY CONNECTIONS 49 49 4,730
MARRIAGE LICENSES 20 20 2,564

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The Memphis News: Business, politics, and the public interest.