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VOL. TMN-8 | NO. 15 | Saturday, April 4, 2015
Weekly Issue

Polishing the Diamond

After $6.5 million makeover, AutoZone Park’s good times about to get better

Paul Brehm is a baseball fan and the co-owner of a trucking company. On any given night, he personally represents one click through the AutoZone Park turnstile, if you want to think in those terms, but he has the capacity to increase that number several times over.

Wright Medical to Add 100 Employees

Wright Medical plans to add 100 employees to its Cherry Road corporate headquarters.

Editorial: Museum Offers Mountaintop Experience on Its Balcony

What brings people to the balcony of the former Lorraine Motel and what they leave with are as unique to each person as a fingerprint.

EMPHASIS Residential Real Estate

Taking Action

Anti-blight law providing relief to nearby homes, businesses

The windows on the old Executive Inn on Airways Boulevard where Brooks Road dead ends had been busted out for several years, leaving the curtains in its long-empty rooms fluttering in the wind.

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EVENTS

Autobahn Indoor Speedway will hold a grand opening event benefiting St. Jude Children’s Research Hospital Tuesday, April 7, from 11 a.m. to 6 p.m. at 6399 Shelby View Drive. All proceeds from races will be donated to St. Jude. A ribbon-cutting ceremony for the speedway will be held at 1 p.m. Visit autobahnspeed.com.

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$30 Million Apartment Community to Rise Near Lakeland

A $30 million multifamily community is beginning to take shape on the east side of Houston Levee Road just south of U.S. 64 in Memphis.

Scroggs Helping MAAR Track Realty Legislation

Every so often, members of the Tennessee General Assembly attempt to amend the Professional Privilege Tax, a tax levied for having a license to operate a myriad of occupations.

THE MEMPHIS NEWS ALMANAC

This Week in Memphis History: April 3-9

2014: The National Civil Rights Museum reopens following a $27 million renovation and expansion. The ceremony featured a wide swath of veterans from the civil rights movement, ranging from Bernard Lafayette to Black Panthers co-founder Bobby Seale.

King In Context

New generation represents changing tone of civil rights memories

The Selma to Montgomery voting rights march and the Alabama town’s Bloody Sunday in 1965 happened long before London Lamar was born.

Live Nation Beale Alliance Touted As Concert Comeback

On the sidewalk in front of the New Daisy Theater on Beale Street are two brass music notes, side by side. One honors the late Mid-South Concerts promoter Bob Kelley and the other honors Mike Glenn, the New Daisy’s long-time operator.

Highland Capital Management Merges With Florida Firm

Memphis-based investment firm Highland Capital Management has merged with a Florida-based financial firm.

School Closings and Consolidations Approved

Shelby County Schools board members voted Tuesday, March 31, to close three elementary schools and one middle school for the coming school year and to dismantle the school system’s short-lived plan for a return of Woodstock High School.

Healing Waters

Fly fishing group heals veterans’ mind, body and spirit

He’s better. Army Special Forces veteran Paul Holcomb is sure of that much.

Anti-Abortion Legislation Finds Little Resistance

Buoyed by passage of Amendment 1 last fall, legislation restricting abortions is starting to roll – with relative ease – through the General Assembly.

New Local Party Leaders Talk Rebuilding

The two new chairwomen of the local Democratic and Republican parties each talk about the work of rebuilding.

Aramark Corrections Center Food Contract Approved

Aramark Correctional Services Inc. will take over food service at the Shelby County Corrections Center, four years after the private company did the same at the Shelby County Jail and Jail East.

Gamers Delight

Rec Room bar, arcade opens on Broad Avenue

As the crowd of attendees at a preview party Monday night for Broad Avenue’s newest enterprise relaxed on couches, ordered drinks at the bar, and played video games like Super Smash Bros. – several of which were projected on a 120-foot-wide wall for collective viewing – one thing was readily apparent.

Guilty Murder Verdict is Latest Reversal

Jurors in a 2012 first-degree murder trial in Shelby County Criminal Court were passed a shotgun to examine after they heard testimony from a Tennessee Bureau of Investigation agent about how double barrel shotguns operate.

Central Station Project Relies on Local Institutions

At $55 million, the proposed redevelopment plan for Central Station that debuted last week isn’t quite the “vertical village” that Crosstown Concourse is. The price tag, all except $3 million of which is private financing, is about a quarter of the $200 million cost of Crosstown.

Hickory Hill’s Eden Square Ready for Takeoff

Five years after the city bulldozed away any trace of the old Marina Cove apartment complex in Hickory Hill and gave the land to a community development corporation, Power Center Academy is about to break ground on what is called the Eden Square development.

Tech Diversity

Group encourages young women in pursuit of technology careers

When Shiloh Barnat traces her career path, it begins at the keyboard of her grandmother’s clunky computer that was the cutting edge of technology in the late 1970s.

Housing Market Should Be Strong in 2015

At one point during a recent Memphis real estate summit a rather remarkable thing happened.

New Trial Ordered for Fifth Memphis Case

For the fifth time since August a state appellate court has reversed a conviction in Shelby County Criminal Court and ordered a new trial for the defendant.

SPORTS

Make Some Noise? Grizzlies’ Goals Still Attainable

Stylistically, it was a bit of short of spectacular. No one on the Grizzlies cracked 20 points, the opponent was bound for the NBA Draft Lottery, and the game was less about buzz and more about finally taking care of business on the home court.

On Saban, Calipari and NCAA grandstanding

Hold up your hand if you’re an Alabama football player and you have not been arrested in the last week. Three Crimson Tide players were arrested, one on suspicion of domestic violence, another for driving under the influence and another on a marijuana charge.

Vols’ Dobbs Embraces the Role of ‘CEO Quarterback’

Joshua Dobbs enters his junior season as Tennessee’s undisputed No. 1 quarterback and team leader, the player most responsible for the Vols’ relevance again in SEC football.

NEWSMAKERS

Brown Joins Michael Hatcher & Associates

Lana L. Brown has joined Michael Hatcher & Associates Inc. as controller. In her new role, Brown is responsible for the accounting operations of the company, which includes financial reporting, cash management, risk management and maintaining a good system of accounting policies.

REAL ESTATE RECAP

Orion Acquires Medical Center Property for New Branch

821 Poplar Ave., Memphis, TN 38105, Sale Amount: $1.3 million -
Orion Federal Credit Union has acquired a key piece of Memphis Medical Center real estate for a new branch.

SMALL BUSINESS

City & State Brings ‘General Store’ Feel to New Broad Shop

Lisa and Luis Toro have finally opened the doors and welcomed the first customers at City & State, a new general merchandise store on Broad Avenue stocked with “future vintage” goods.

LOCAL COLUMNISTS

Pray Tell

PRAYING FOR TENNESSEE. This being Easter week, let’s open with a prayer. Aren’t we all Christians – at least all of us who matter – and in Tennessee, the Promised Land?

Business Means Business

Over the past 30 years, one thing is for sure. Business has changed. In fact, the change has been so dramatic that it’s become somewhat of a generational issue.

Making Sense Of the 1099 Alphabet

Ray’s Take: As the April 15 deadline for filing taxes approaches, we are all looking at the various forms we’ve received related to tax filing.

Because I Say So

“Ipsy dipsy!” shouts Ann Marie, Marlo Thomas’ character in “That Girl.” Trying to impress a judge in court, she mispronounces “ipse dixit.” Meaning “he, himself, said it,” this Latin phrase connotes a dogmatic, unsupported assertion.

Prevent Business Complacency

Why do so many great organizations struggle with change? After all, “the only thing that is constant is change,” according to Greek philosopher Heraclitus, and the sentiment couldn’t be truer today.

The Business Case for Sustainability

Editor’s Note: This column will appear Tuesdays throughout April in honor of Memphis and Shelby County’s Sustainability Month.

Rising Dollar, Falling Expectations

The first quarter of trading for 2015 came to a close on Tuesday, March 31. As of March 26, the U.S. dollar stands 8 percent higher for the year, the yield on the 10-year Treasury stands 8 percent lower on the year and the S&P 500 has fallen a conviction-less 0.10 percent.

From Challenge to Success

Part two of a two-part series. Challenging finances and what feels like an onslaught of “bad press” can be part of the nonprofit experience. Addressing these is what leadership is all about. Keep an eye to the future, talk with your donors and stakeholders, and find a game-changing way to engage the community. This is the story of Regional One Health and its foundation.

Signs That You Need to Fire a Client

A beginning of a client and consultant relationship is a lot like a romantic courtship. Each party starts in a gleeful mode, inspired by the pure potential of working together. But all relationships, including professional ones, crash down to earth after an initial high. At this point your firm can tell if the partnership is a short-term assignment or a long-term collaborative relationship.

Tips to Use E-mail to Be More Efficient and Effective

Do you ever feel that you are fighting a losing battle to keep up on e-mail? Office workers spend an average of 2.6 hours per day reading and answering emails, according to McKinsey Global Institute.

TENNESSEE LEDGER
Nashville Edition

What Better Place for an NRA Convention?

Tennesseans love guns, though not quite as much our politicians seem to

When the National Rifle Association announced that it would hold its 2015 convention in Nashville, the timing was propitious.

NRA Conventioneers: These are Your Gun Rights in Nashville

Concealed or open carry of a handgun in Tennessee is legal with a permit issued by the state Department of Safety.

Interest in Guns Ranges From Self-Defense to Recreation

While the stereotype of the “gun guy” clad in camouflage still exists, firearms owners are much more likely to be your dentist, doctor or the guy or gal next door.

Humble Grilled Cheese Gets Royal Treatment From Nashville's Top Chefs

If you were looking to celebrate National Whipped Cream Day, then you’ll have to wait until next year on Jan 5.

One (Day)-and-Done Home Sales Drive Buyers Nuts

With the dismal winter behind us, and trees beginning to glow with greenery, many are hoping the spring will sprout some listings.

Knoxville Edition

US Chamber Of Commerce Honors Knoxville Small Businesses

As it has been for the last several years, Knoxville is well represented on the 2015 list of U.S. Chamber of Commerce Small Business Blue Ribbon Award winners.

Five of the Nation’s Finest

Each year the U.S. Chamber of Commerce recognizes the contribution of small business to the national economy with the Blue Ribbon Small Business Awards. Five from Knoxville’s business community – The Tomato Head, Management Solutions LLC, Design Innovation Architects Inc., Visionary Solutions LLC and AMS Corp. – have been chosen for inclusion in the annual program.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 82 82 19,655
MORTGAGES 75 75 22,989
FORECLOSURE NOTICES 7 7 8,311
BUILDING PERMITS 138 138 40,167
BANKRUPTCIES 72 72 13,176
BUSINESS LICENSES 9 9 6,146
UTILITY CONNECTIONS 52 52 13,048
MARRIAGE LICENSES 30 30 4,872

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