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VOL. TMN-9 | NO. 15 | Saturday, April 9, 2016
Weekly Issue

Moving Dirt

Commercial real estate projects dot Memphis landscape

The Memphis development community is looking inward and upward to increase density in the urban core. New construction is happening across all four commercial real estate sectors, with long-anticipated projects like Trader Joe’s and the redevelopment of Central Station finally coming to fruition. Construction and operating costs continue to be a challenge as new projects hit the top of their class to command higher rents.

Zoo Offers Parking Plan, Devotes Parking Fees to Long-Range Parking Solution

The Memphis Zoo is suggesting the city general services maintenance yard on the east side of the park be used as a parking area and a second greensward with “eco-friendly options” that “are not disruptive to the park” to get zoo patrons from there to the zoo.

State Halts Memphis Health & Ed Board From Doing Business

The city of Memphis entity that sold $12 million in municipal bonds on behalf of Global Ministries Foundation has been told it can no longer conduct such business.

Shoot for a Basketball Coaching Star? Memphis Would Have to Pay Big

Josh Pastner is officially the new head coach at Georgia Tech and the University of Memphis is officially in the coach search business.

Georgia Tech Hires Pastner From Memphis to Replace Gregory

ATLANTA (AP) – Josh Pastner isn't promising a quick fix as Georgia Tech's basketball coach.

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EVENTS

Hollywood Feed and the North Shore Animal League will host the Overton Bark Adoption Tour on Sunday, April 10, from noon to 3 p.m. in Overton Park’s Overton Bark Dog Park, 2080 Poplar Ave. Attendees can meet pets available for adoption, preview dog treats from Hollywood Feed’s soon-to-open Midtown bakery, and learn how to support Overton Bark through the “Give Your Dog a Bone” campaign. Visit overtonpark.org.

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Shelby County Election Commission Hires New Coordinator

The Shelby County Election Commission voted Friday, April 8, to hire Linda Phillips, a former county clerk in Tippecanoe County, Ind., to be the next Shelby County elections coordinator.

Medical District Stakeholders: Neighborhood Full of Potential

Some 2,500 new employees start jobs each year at employers in the Memphis Medical District, and about 1,300 new students each year start hitting the books at educational institutions there, too.

Crews in Memphis Plug 2nd Leak of Untreated Wastewater

MEMPHIS, Tenn. (AP) – Officials in Tennessee say public works crews have fixed a second sewage leak discovered in the area where a larger pipe broke and sent millions of gallons of untreated wastewater into a creek and lake.

Feds Approve Gannett $280M Purchase of Journal Media Group

MILWAUKEE (AP) – Federal regulators have approved media company Gannett's purchase of newspaper company Journal Media Group for $280 million.

THE MEMPHIS NEWS EDITORIAL

Editorial: Memphis Police Director Search Needs Better Sense of Urgency

Sixty-one homicides in 90 days, including a March death that was classified as a homicide by police on the other side of April.

Zika Virus Confirmed in Shelby County

The Shelby County Health Department has confirmed the first case of the Zika virus in Shelby County.

THE MEMPHIS NEWS ALMANAC

This Week in Memphis History: April 8-14

1976: The Memphis Light, Gas and Water Division board takes the first step toward pursuing federal funding for a coal gasification plant in Memphis. Federal funding totaling $2.8 billion is available to build eight of the plants, each using a different method for coal to liquid or gas fuel starting in the 1980s.

OVERTON PARK

Beyond The Greensward

Parking, traffic solutions reach all corners of Overton Park

If a crowd shows up some place other than the Greensward, is it a busy spring in Overton Park?

Overton Parking-Traffic Study Sees Future Garage

An Overton Park traffic and parking study released Tuesday, April 5, recommends a phased-approach to creating more parking in and around the park, better coordination of traffic patterns and then a likely move to a 300-space, $7.8 million parking deck on Prentiss Place Drive off McLean Boulevard at the end of 2017.

Lawsuit Seeks to Void City Decision on Greensward

The lawsuit filed in the name of Susan Lacy and Stephen Humbert, two Memphis residents, argues the action should be voided by the court because the council allegedly violated the state’s open meetings law.

REAL ESTATE & DEVELOPMENT

Lake District Would Put Lakeland on the Map

Before Lakeland became a city, it was the Lakeland Amusement Park. A California-based developer is bringing back that original flair with his proposal for The Lake District, a 165-acre mixed-use development.

New South Main Development Planned

More residences are planned for the South End. Home builders Hamilton & Holliman, on behalf of property owners David and Stacy Petringa, recently submitted plans for a 10-lot subdivision at 27 West Carolina.

Loflin Yard Pays Attention to Residents

This week, a “rural oasis” opens for business in the middle of Downtown Memphis. That’s developer Taylor Berger’s vision for Loflin Yard, an acre-wide outdoor destination with pit barbecue, live music and barrel-aged cocktails.

City Ready to Develop Master Plan for Pinch District

The Pinch District, one of Memphis’ oldest neighborhoods, is getting its time in the spotlight.

REAL ESTATE RECAP

Southland Mall Sells In Foreclosure

1215 E. Shelby Drive, Memphis, TN 38116, Sale Amount: $4.3 million -
Southland Mall, Memphis’ first enclosed mall when it opened 50 years ago, has sold for $4.3 million in foreclosure.

COMMUNITY

From Forest to Flooring, Cafe Ole’s New Deck Has ‘Seen the World’

This is a Memphis story. And by now it should be clear that Bill Courtney loves a Memphis story.

Study Launches to Analyze Memphis' Creative Community

One of the goals of Memphis’ EPIcenter entrepreneurship organization is to make sure the focus and discussions around supporting local entrepreneurs are inclusive and take time to contemplate non-traditional demographics.

Jesse Jackson Calls for Passion to Continue Dr. King's Work

He was 26 years old in 1968 when he was a guest at the Lorraine Motel with Dr. Martin Luther King Jr. and one of the younger members of King’s inner circle.

Spence Wilson To Keynote Dunavant Awards May 11

Spence Wilson, chairman of the board of Kemmons Wilson Companies, is the keynote speaker for the annual Bobby Dunavant Public Servant Awards to be held May 11 at the Holiday Inn University of Memphis.

SMALL BUSINESS SPOTLIGHT

Cooper Street 20/20 Brings Dinner Into Focus

It’s one thing to want to prepare a healthy home-cooked meal in the evenings. It’s a different thing entirely to actually accomplish that meal after a long day at work or dealing with getting kids from activity to activity.

GOVERNMENT & POLITICS

8th Congressional District Primaries Draw 22 Contenders, 13 Republican

The Republican primary race to fill the 8th District Congressional seat Republican incumbent Stephen Fincher is giving up drew a field of 13 contenders – seven from Shelby County and four from Jackson, Tennessee – at the Thursday, April 7, noon filing deadline for the Aug. 4 ballot.

Shelby County Commission Releases Disparity Study

In a unanimous vote, Shelby County commissioners waived their legal privilege Wednesday, April 6, and approved the public release of a disparity study that is expected to show minority businesses get a low percentage of county government contracts.

City Council Debates Idea of De-Annexation Compromises

A proposal to form a joint city-county group to explore voluntary de-annexation and the city’s footprint goes to the Memphis City Council for a vote in two weeks.

Conrad Call for De-Annexation Talks Draws Favorable Reviews

Memphis City Council Chairman Kemp Conrad wants to open talks with county commissioners on possible voluntary de-annexations.

NONPROFIT SECTOR

United Housing Gets $1.1M Boost From Banks

United Housing Inc. has gotten a boost from area financial institutions in recent days to the tune of $1.1 million.

SPORTS

Tigers' Josh Pastner Going to Ga. Tech Would Mean Fresh Start for All

The sports business is the expectations business. Always. No exceptions.

QB Paxton Lynch Passes Pro Day Test, But Questions Remain

In the immediate aftermath of Paxton Lynch’s pro day at the University of Memphis, it sort of felt like the postgame following a season-opening victory over a lesser non-conference opponent.

Remember the Warriors? Yes, as Long as They Win It All

The Golden State Warriors may not break, or even tie, the Chicago Bulls’ 72-10 record from the 1995-96 season. By the time you read this, if it is after the San Antonio Spurs play at Oracle Arena on Thursday night, April 7, the mathematics for shattering the record may have turned on them.

Memphis Baseball Trusting Young Pitchers

University of Memphis baseball coach Daron Schoenrock looks at his freshmen pitchers and sees talent and promise, even if at times this season “the moments have been a little big for them.”

Time for Strunk to Become Titans' Most Valuable Player

Quick question about the Titans: Who has the most to prove?

RETAIL

Pop-Up Retail Concept Housed in Shipping Containers

A local entrepreneur is looking to bring an innovative marketplace made out of shipping containers to Memphis.

EDUCATION

Moore Tech Expands With Welding School, Looks Toward Next Goal

For the first time in its 80-year history, the William R. Moore School of Technology has expanded beyond its Poplar Avenue campus.

MEMPHIS NEWSMAKERS

Gaskins Leads Engineering Office

Wain Gaskins has joined consulting engineering firm Cannon & Cannon Inc. as manager of the company’s new Memphis office as well as director of West Tennessee operations and business development. 

THE TIPPING POINT

Daughter of Duality, Gibbs is Building a Better Justice System

Say you stole a television worth $300. How long should you be punished? A year? Five years? Whatever you answered, it probably wasn’t “for the rest of your life.” But that’s how the U.S. legal system currently treats many people who have been convicted of felonies.

LOCAL COLUMNISTS

A Great Big Little Golf Course

OVERTON EAGLES SOAR. When the city last talked about closing the Overton Park golf course, I told my story in a column.

Student Loans: The Next Subprime Disaster?

Ray’s Take: If you Google the words “student loan crisis,” millions of hits should convince you that this is a very hot topic.

Travel in a World of Warnings

In the pre-dawn hours of March 22 I found myself awake and decided to check Facebook on my phone before attempting to go back to sleep.

Cash Cow?

The vicinity of April Fool’s Day is an apt time to reflect on a tale often told to first-year law students. In contracts class, perhaps. It is the story of a man who wrote a check on the side of a cow. The point of the story ultimately would be that a negotiable instrument is judged on the language and intent in the transaction, rather than by the physical means of evincing it. Kinda, sorta.

Lawmakers Lure Us In With Momentary Sanity, And Then...

Just when it appears the Tennessee Senate is made up of sensible people – as evidenced by the killing of de-annexation legislation – the body is changing course with a Bible-thumping measure.

Career Fairs Aren’t Just For Kids

Yesterday, I found myself saying something I often say this time of year: “One of my all-time favorite things is to go to a job fair!” The response I received was not unexpected. The job seeker hadn’t even thought of attending a job fair since college. They seem so juvenile on some level.

Three Ways to Finish Last

In the world of sales, we are conditioned to live life by the month. We are driven by monthly sales goals and monthly paychecks. But when we don’t take time to create a plan of attack at the start of each month, we are workhorses rather than stagecoach drivers.

Double Check: Why You Need a Proofreader

Communication is the name of the game. It’s not just what we say; it’s also what we write. How are you communicating with the written word?

The Evolving Role of Design, Part One

Editor’s note: Part one in a two-part series. The role of design evolves at the speed of innovation, the dizzying, dynamic speed of the market. Design now has a seat at executive and board tables across the globe. More than ever, a holistic sense of design is valued as a legal means of significant competitive advantage.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 109 490 20,766
MORTGAGES 131 556 24,361
FORECLOSURE NOTICES 6 61 8,610
BUILDING PERMITS 294 1,204 42,337
BANKRUPTCIES 63 348 13,902
BUSINESS LICENSES 18 97 6,401
UTILITY CONNECTIONS 41 216 13,511
MARRIAGE LICENSES 14 78 5,069

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