VOL. TMN-9 | NO. 20 | Saturday, May 14, 2016
Bike share effort taps other cities for clear path
Even now, Explore Bike Share founder Doug Carpenter does not try to pretend that the initiative will cure all that ails Memphis.
It’s time for a map of Memphis that includes more than highways and vehicular roads.
SMALL BUSINESS SPOTLIGHT
Mike Cooper understands that the information is everywhere. Financial “experts” on radio and television offer unsolicited advice with little regard for whether the consumer is a 25-year-old single mother worried about her children’s college education or a 50-year-old man beginning to turn an eye toward retirement.
When most people think of the Kemmons Wilson family, there is an image that comes to mind. It’s a black and white photo from the 1950s of the five children – three boys and two girls – of the Holiday Inn founder cutting the ribbon on the very first Holiday Inn at 4925 Summer Ave.
THE MEMPHIS NEWS ALMANAC
1976: A Marx & Bensdorf ad in The Daily News offers a 170-acre estate at Holmes and Center Hill roads, then south of the Collierville city limits, for sale for $1.1 million. The “picture book” estate is advertised as the one-time home of the state’s most famous walking horse, Carbon Copy, the 1964 world grand champion.
When you’re a foodie like Cristina McCarter who proudly flies the flag of her favorite local restaurants, you attract certain reactions from friends.
Shelby County Schools board members are looking at the county wheel tax to bridge some, but not all of the $27 million gap in their still tentative budget for the new fiscal year.
REAL ESTATE & DEVELOPMENT
Highland Row, a mixed-use development sprawling across an entire block in the University of Memphis area, will see its first residents this summer.
Andy Cates, CEO of Memphis-based RVC Outdoor Destinations, said his redevelopment plan for Mud Island won’t require significant public dollars, but he’s looking for a commitment from the city to move forward.
The Bank of New York Mellon Trust Co. wants a federal judge to appoint a receiver for the Warren and Tulane Apartments owned by Global Ministries Foundation, citing “an appearance of fraud” by GMF in a memorandum filed with the call for a receiver.
The low inventory of single-family homes means prices are higher and homes are selling quicker, but also that fewer people are dressing up their homes to make them more attractive to potential buyers in the market.
All market fundamentals were positive for Shelby County home sales in April, making it the strongest month so far in 2016.
Shelby County’s mortgage market kicked off the second quarter by posting strong numbers for April, a continuation of where the mortgage market has been heading so far this year.
REAL ESTATE RECAP
3557 Mynders Ave. , Memphis, TN 38111, Permit Amount: $15.5 million -
A student housing tower near the University of Memphis has taken a step forward nearly two years after a development on that site was first announced.
“Innovation and the Courage to Fail.” That was the theme for the 11th annual conference for the nonprofit sector presented by the Alliance for Nonprofit Excellence and Nonprofit Quarterly.
ARTS & ENTERTAINMENT
The last time fans of the television show “Underground” saw actor Alano Miller, his character, Cato, was believed to be dead. The unexpected twist for a complex and central character in the WGN America drama based on the Underground Railroad in pre-Civil War America was still generating plenty of social media disbelief nearly a week later.
Memphis musician and Beale Street fixture Eric Hughes is finishing his latest album with help from a non-traditional source.
Resurrection Health, a faith-based, evangelical health service organization that’s opened a handful of Memphis-area clinics since launching in December 2014, has merged with a larger health system.
GOVERNMENT & POLITICS
Interim Memphis Police Director Michael Rallings says he has plenty of time to apply for the job on a permanent basis.
When law enforcement brass talk about putting “drugs and guns on the table” – it’s a literal expression of a police department touting its ability.
Memphis Mayor Jim Strickland says the city may be willing to help fund a $9 billion expansion of St. Jude Children’s Research Hospital that is mostly private capital.
Shelby County Commissioners approved Monday, May 9, three temporary positions for the Shelby County District Attorney General’s Office toward the rollout of Memphis Police Department body cameras.
LAW & THE COURTS
When reputed members of street gangs are indicted on federal charges, the indictments are usually brief and technical.
Future conversation in Sacramento between new coach Dave Joerger and franchise player DeMarcus “Boogie” Cousins:
The slogan still resonates: When it absolutely, positively has to be there overnight.
The day after Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd met with officials in Shanghai as part of an economic development trip to Asia, Michael Drury shared with an audience of business professionals his idea about national economies.
Dave Thomas has joined Kemmons Wilson Insurance Group as chief executive officer. In this role, he’s responsible for overseeing day-to-day operations and also is tasked with growing the Memphis-based property and casualty insurance company. Thomas has 40 years of experience in the insurance industry, most recently serving as CEO of Louisiana Citizens Property Insurance Corp.
LETTER TO THE EDITOR
Mr. Dries, whether one calls the events of May 1866 riots, a massacre, or civil disturbances is not that relevant.
Ray’s Take: Conventional wisdom from cookie-cutter financial calculators about retirement is to aim for 70 percent of current income in retirement. But, when told about the 70 percent figure, people tend to ignore the implied message that it means a 30 percent cut in lifestyle. As a result, many people underestimate the amount they need.
LORD KNOWS, THE CRICK DOES RISE. The last time I was on a cook team, the Mississippi was lapping at the top of Tom Lee Park and I’d been lapping at a number of things for a couple of days myself.
Graduation season comes with hundreds of commencement addresses meant to encourage and inspire. If you didn’t hear one this year, allow me to share an address I gave.
Several years ago – and I do mean several – my good friend Fred Harrison tipped me off to a pair of cases from the Mississippi Supreme Court. They were prominently featured in “Perry’s Dead! (And the ‘Juice’ is Loose),” 1995. Because of their lasting merit, I present them again in today’s column.
Amid the rancor of bathroom and counseling bills, two major pieces of legislation slipped through the General Assembly this session with hardly a peep – elimination of the Hall tax and a partial revitalization of property tax relief for seniors and disabled veterans.
One of the most common messages I received as a child was, “work hard and you will be rewarded.” This sentiment was echoed by loved ones, teachers, and mentors. There’s a good chance you heard the same rumor about life being fair and equitable.
I find myself inspired today by a book, recommended by a colleague, called The Speed of Trust by Stephen M. R. Covey. You are probably familiar with Covey’s father, who wrote The 7 Habits of Highly Effective People.
So many organizations set out to innovate but lose their way close to the finish line. All of the time, money and energy invested loom over them like an ominous shadow of failure ready to overtake the whole scene.
“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.”