» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 132 | NO. 94 | Thursday, May 11, 2017

Airbnb, City of Memphis Reach Tax Agreement

Airbnb has announced it has entered into a tax agreement with the city of Memphis to collect and remit taxes on behalf of its Memphis hosts.

Faropoint Acquires Massive Industrial Portfolio for $33.1M

Looking to continue its recent trend of bullish activity in the Memphis market, Faropoint Ventures has acquired a 1.1 million-square-foot industrial portfolio for $33.1 million.

Tennessee Legislature Adjourns After Voting on Last-Minute Bills

The Legislature wrapped up its business for the year, adjourning Wednesday after taking up a spate of last-minute bills, including postponing a bill increasing the amount of campaign contributions lawmakers could accept.

Beale Street Issues Deepen and Grow

The issue of who controls what in the Beale Street entertainment district has come to the forefront after the abolition of the Beale Street Tourism Development Authority.

Legend Johnny Mathis Still Going Strong, Coming to Memphis

As the story goes, Johnny Mathis was 8 years old and living on Post Street in San Francisco when his father purchased a piano for $25 and brought it home. But there was a problem: Clem Mathis couldn’t fit the piano through the front door of their small flat.

Local Weather
Currently
Memphis, TN
53.0°F
Overcast
Wind: North at 6.9 mph
Humidity: 35%

EVENTS

Mothers of the Nile will hold its ninth annual banquet Thursday, May 11, at 5:30 p.m. at First Baptist Church Broad, 2835 Broad Ave. Those sharing their perspectives include state Rep. Raumesh Akbari, Hope Academy principal Michael Smith and essay contest participants from Hope Academy, whose students are in detention at Juvenile Court. Visit mothersofthenileinc.org for details.

more events »

Last Word: Deeper on Beale, End of Session and Johnny Mathis

Beale Street keeps its cover charge on Saturday nights during its Memphis In May peak. But the district has some complex questions to resolve about its future and who controls that future. If that wasn’t evident before, it became apparent at City Hall Tuesday. It wasn’t the council action on the Beale Street Bucks program that was significant as much as it was the council’s discussion.

Robilio’s Use Of Racial Term Prompts Budget Setback

City Court Clerk Kay Robilio left City Hall Tuesday, May 9, without the council budget committee approving her budget request for the coming fiscal year after she referred to a minority contractor with her office as “a man of color.”

City Council to Hold Railgarten Hearing May 23; Uses Impasse Panels for First Time

Memphis City Council members will hold an evidentiary hearing in two weeks to sort out a Midtown restaurant-bar that ran afoul of approvals needed to open with annexes including intermodal containers and an outdoor area.

New Bookstore Called Novel Coming to Laurelwood in August

It didn’t turn out exactly like Emmett Miskell hoped it would, but he nevertheless got what he and other book lovers in Memphis wanted in the end.

REAL ESTATE RECAP

Clark Tower Wraps Up $8 Million Renovation

Commercial real estate firm Colliers International has announced the owner of Clark Tower, In-Rel Properties, has finished an $8 million renovation of the iconic East Memphis office building. Details on that and other top deals in this week's Real Estate Recap...

TENNESSEE LEGISLATURE

House Approves Education Fund Concept, But Senate Action Put on Hold

House Minority Leader Craig Fitzhugh pushed his K-12 education fund to passage Tuesday, May 9, but the possibility of funding and Senate approval will have to wait until 2018.

House Committee Postpones Action on Short-Term Rentals

A day after the House targeted Nashville with a tough bill on short-term rentals, the Senate deferred action on legislation blocking the Metro Council from enacting any prohibitions.

View From the Hill: Gas Tax Rancor Lingers as Session Coasts to Close

Remnants of rancor over Republican leadership roiled the House, a reminder of outrage over roguish behavior as representatives reached the finish line.

LOCAL COLUMNISTS

7 Skills For Workplace Success

For those seeking upward mobility in their careers, there is a plethora of books, articles and even a Broadway musical filled with advice on how to succeed in business, with or without trying. 

STATEWIDE

Blue Cross Blue Shield Now Willing to Cover Knoxville Area

NASHVILLE, Tenn. (AP) – Blue Cross Blue Shield of Tennessee reversed course Tuesday and said it's willing to offer insurance plans under the federal health exchange in the Knoxville area in 2018.

Tennessee Education Group Aims to Interest Youth in Teaching

NASHVILLE, Tenn. (AP) – A Tennessee education group is aiming to get high school students interested in teaching.

AUTO INDUSTRY

VW Chairman Defends Decision Not to Publish Probe Results

FRANKFURT, Germany (AP) – Volkswagen's board chairman has defended the decision not to publish results of the investigation it commissioned into its scandal over cars rigged to cheat on diesel emissions tests, saying it could expose the company to legal risks.

TECHNOLOGY

Snap's Elusive Task: Evading Facebook's Looming Shadow

NEW YORK (AP) – Facebook has been bent on copying Snapchat ever since the social media giant tried unsuccessfully in 2013 to buy what was then an ephemeral photo-messaging app.

NATIONAL GOVERNMENT

Postal Service, Citing Losses, Seeks Higher Stamp Prices

WASHINGTON (AP) – The U.S. Postal Service is hoping it can soon raise stamp prices by a penny or more.

Federal Government Records $182.4 Billion Budget Surplus

WASHINGTON (AP) – The federal government ran the second highest monthly surplus on record this April as tax revenues were pushed higher by a change in the deadline for corporate tax payments.

Comey Sought More Russia Probe Resources Before Firing

WASHINGTON (AP) – In the days before his firing by President Donald Trump, FBI Director James Comey told U.S. lawmakers he had asked the Justice Department for more resources to pursue the bureau's investigation into Russia's interference in last year's presidential election, three U.S. officials said Wednesday.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 55 55 20,821
MORTGAGES 44 44 24,405
FORECLOSURE NOTICES 23 23 8,633
BUILDING PERMITS 196 196 42,533
BANKRUPTCIES 55 55 13,957
BUSINESS LICENSES 22 22 6,423
UTILITY CONNECTIONS 56 56 13,567
MARRIAGE LICENSES 23 23 5,092

Weekly Edition

Issues | About

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