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VOL. TMN-11 | NO. 21 | Saturday, May 26, 2018
Weekly Issue

Crosstown Crossroads

Commercial, residential investments around concourse slowly gaining momentum

When Octavia Young opened Midtown Crossing Grill in 2014, the area around what would eventually become the Crosstown Concourse was a lot different than it is now.

EDITORIAL

Editorial: Haslam Wrong to Pass On Veto of Immigration Law

Encouraging legally suspect legislation on the grounds it probably won’t have much of an effect is not leadership. Yet, that’s the reasoning Tennessee Gov. Bill Haslam gave this week when he let a bill requiring law enforcement agencies to cooperate with federal immigration agents become law without his signature.

Porcellino's Leaving Brookhaven Circle

Porcellino's Craft Butcher is relocating from its current spot in East Memphis. The cafe and coffee shop posted on Instagram it would be closing Monday, May 28, in preparation for the move.

Chiozza, Players With Local Connection Workout for Grizzlies

There was a time four years ago when Chris Chiozza’s dream was to stay home and play his college ball at FedExForum.

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EMPHASIS Public Companies

GTx Reports Positive Results in Using Enobosarm to Treat Incontinence

Memphis-based biopharmaceutical company GTx Inc. has deep roots in Memphis, with AutoZone founder Pitt Hyde being a primary backer of the company since its inception in 1997. In recent years, GTx’s research into the muscle-building compound enobosarm has shifted from patients with breast and lung cancer to women with stress urinary incontinence.

FedEx Rolls Out the Purple Runway For Its Next Generation of Pilots

FedEx Express is paving a runway for the pilots of tomorrow – a direct pipeline to flying for the Memphis-based delivery services company on the Fortune 500 list.

International Paper Hopes for Talks In Deal to Acquire Smurfit Kappa

After recently being given a June 6 deadline by the Irish Takeover Panel to make a final binding offer to acquire Europe’s largest cardboard box producer, Smurfit Kappa Group, Memphis-based International Paper Co. decided against a hostile takeover attempt and is instead hoping to open a dialogue with the company to determine a mutually beneficial path forward.

THE MEMPHIS NEWS ALMANAC

May 25-31, 2018: This week in Memphis history

2017: A storm from eastern Arkansas intensifies as it crosses the Mississippi River into Memphis with winds topping 80 miles an hour. The wind damage uproots trees and knocks off limbs, damaging homes and businesses.

ECONOMIC DEVELOPMENT

TDZ Expansion Seen As Catalyst for 'Public Realm' Work

In the five weeks since the Riverfront Development Corporation became the Memphis River Parks Partnership, Greenbelt Park on Mud Island and Martyr’s Park on the Memphis mainland have gotten some rehabbed park benches. The bench work includes the Bluffwalk as well as work on the RiverLine trail that runs behind the flood walls on the other side from the Pyramid.

One Beale Developers Present New Plan to DMC

The developer of the ambitious One Beale project has again reworked its plans and is seeking a deadline extension from the Downtown Memphis Commission to close on the nine-figure deal.

Graceland Arena Controversy Shows Strings as it Broadens

Elvis Presley Enterprises and City Hall got together last week in Whitehaven on neutral ground to talk about Graceland’s expansion plan, specifically a 6,200-seat arena. And from a distance you could barely see the strings from the arena attached to the 1,000-job manufacturing facility Graceland has also talked about starting on Brooks Road.

REAL ESTATE & DEVELOPMENT

Louie’s Wakes Up

After decade-long hiatus, Sleep Out Louie’s reopens next to ServiceMaster’s new Downtown home

After more than a decade, Sleep Out Louie, Memphis’ favorite fictional vagabond, is returning to the Bluff City. For nearly 20 years, the popular neighborhood bar at 88 Union Ave. was a mainstay for Downtowners and tourists alike who enjoyed the casual atmosphere and vast collection of donated ties, until it closed in 2007 to make room for the Mesquite Chop House.

Faropoint, Belz Sell of Part of Retail Portfolio

7501 Goodman Road, Olive Branch, MS 38654 and 7685 Hacks Cross Road, Olive Branch, MS 38654:  Faropoint Ventures continues to remain active in the Greater Memphis Area with the sale of two Olive Branch retail centers for a combined $9.24 million. -
 NAI Saig Co. executive vice president Brian Califf and Elliot Embry negotiated the sale of the more than 54,000 square feet of retail space by representing Faropoint in the deal.

BEALE STREET

Beale Street Bucks Comeback Recommended as Lawsuit Dismissed

Almost a year after all cover charges to get in the Beale Street Entertainment District were dropped, the cover charge program known as Beale Street Bucks could be making a comeback.

EDUCATION

Hopson’s Schools Budget Features $12.7M Gap for County to Consider

The school year that ends Thursday, May 24, marks five years since the historic change in public education kicked off in August 2013.

Leaders of Local Pre-K Expansion Say Opposition More About State Funding

Since three of the four major Republican contenders for Tennessee governor said at a Memphis forum in April that they oppose universal prekindergarten, the forces behind such a plan for Shelby County have been talking with them about their position.

GOVERNMENT & POLITICS

Council Gives Administration Nod, Honors 1968 Workers

The painted image of the late Henry Loeb was mostly ignored Tuesday, May 22, at City Hall as the Memphis City Council honored surviving city sanitation workers from 1968 with its 25th annual Humanitarian of the Year Awards.

Canale is Newest City Council Member

The newest Memphis City Council member is Joseph Ford Canale. The Christian Brothers High School golf coach and funeral director got the seven votes required to fill the vacant Super District 9 seat on the first and only ballot by the 12 council members.

TRANSPORTATION & LOGISTICS

Rolling by the River

Explore Bike Share Officially Debuts in Memphis

After nearly two years of planning, preparation and hard work, Explore Bike Share in Memphis has finally rolled out. Despite the early morning heat and humidity, several hundred onlookers and volunteers assembled Downtown in Court Square Wednesday, May 23, to celebrate the official launch of the 600-bike fleet.

LAW ENFORCEMENT

Sheriff's Office Seeks Legal Review of New State Law on Immigration

Outgoing Shelby County Sheriff Bill Oldham said Monday, May 21, he will rely on the county attorney’s office for any changes in how sheriff’s deputies and jailers deal with immigrants when a new state law takes effect in 2019.

NONPROFIT SECTOR

Local Links Chapter Celebrates 25th Anniversary

Friendship and service to the community and each other were celebrated Saturday, May 19, as the River City (TN) Chapter of The Links Inc. marked its 25th anniversary with a special event at the National Civil Rights Museum.

COMMUNITY

Copenhagen Provides Good Example Of Bike Safety

While there may be something rotten in Denmark, as Shakespeare wrote in “Hamlet,” it sure isn’t in the bicycling realm. And as Memphis embarks on its new Explore Bike Share initiative, a look at the Scandinavian country of 5.7 million people certainly offers a positive tale of cycling safety.

THE TIPPING POINT

Burnett Finds Satisfaction Sharing Le Bonheur’s Story

Originally from Arkansas, Sara Burnett, director of community and public relations at Le Bonheur Children’s Hospital, made her way to Washington, D.C., and East Tennessee before firmly planting her roots here in Memphis.

SPORTS

Schrock Building Game Around His Calling Card of Hitting

Max Schrock can look at his current manager Stubby Clapp eye-to-eye – something he’s uniquely qualified to do – and see what he needs to do to take that last step up the baseball food chain.

Expansion Golden Knights Shine a Light on Hope

Las Vegas Golden Knights owner Bill Foley had a plan. It was an ambitious plan, but not a crazy plan. His expansion NHL team would strive to make the playoffs in three years and capture the Stanley Cup in six.

Memphis Giving Area Players, Fans Taste of Professional Soccer

In the hotel-casino universe they’d call this a “soft opening” – hold the bells and whistles, but concentrate on the building blocks that will make up the ultimate experience. So it was on a recent Saturday night as USL Memphis sporting director Andrew Bell excitedly paced around Christian Brothers High School’s stadium waiting to watch some soccer rather than just talk about it.

MEMPHIS NEWSMAKERS

Memphis Surgeon Kelly Honored By Pediatric Orthopaedic Society

Dr. Derek M. Kelly, a pediatric orthopedic surgeon at Campbell Clinic Orthopaedics and Le Bonheur Children’s Hospital, has been awarded the Special Effort and Excellence Award from the Pediatric Orthopaedic Society of North America.

VIEW FROM THE HILL

If Only Legislators Could Focus on Important Issues

A year-old law enabling Tennessee colleges and universities to keep secret the “proprietary” fees they pay money managers for handling risky investments is likely to be reviewed this year.

LOCAL COLUMNISTS

Crazy Good

STILL CRAZY. STILL RIGHT. Lauren Crews and I sipped coffee and talked about his crazy idea. Again. I’m writing about it. Again. Maybe we’re both crazy.

Buying a Second Home

Ray’s Take: Buying a second home for personal use or as an investment has become one of the fastest-growing trends in the U.S. According to the National Association of Realtors, more than 30 million Americans are expected to enter the second home market in the next decade.

Memphis Rox New Experience

Climbing mountains, metaphorically speaking, has become my preferred lifestyle. The exhilaration of the climb, whatever the challenge, I find inspirational. However, I have never considered actually scaling a mountain, even a large boulder, until last week when I visited Memphis Rox, a premier rock climbing facility that opened two months ago in Memphis.

Summer Vacation Planning: Don’t Forget to Pack the LoJack

Some time ago, our support center received a frantic email from a customer. His laptop had been stolen from his rental car while he was traveling in Texas for business. He wasn’t sure what to do, and was concerned about the loss of data in addition to the obvious concern of finding the hardware.

Be Kind To Each Other

We all have bad days. Whether you woke up on the wrong side of the bed or someone cut you off on the way to work, it can make getting through the day difficult. What can make it even more difficult is when we look at each moment as a competition to the top.

Geofencing vs. Geotargeting

As technology has continued to evolve in the last decade, marketers have been closely watching and anticipating the progression of geomarketing, or the application of location intelligence to effectively market products and services to consumers.

When is The Right Time For A Fundraising Campaign?

It is always the right time for a campaign if your organization has done its planning, built its capacity, has volunteer leadership in place, and understands the philanthropic landscape. That is a lot of work. No organization can do it all at once and simultaneously continue operations.

Conscious Capitalism: Gravity Payments CEO

Dan Price, founder and CEO, Gravity Payments, in conversation with Dev Patnaik, CEO, Jump Associates

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 110 188 14,031
MORTGAGES 126 219 16,224
FORECLOSURE NOTICES 2 7 2,209
BUILDING PERMITS 170 411 29,164
BANKRUPTCIES 57 116 9,042
BUSINESS LICENSES 23 52 4,753
UTILITY CONNECTIONS 29 66 5,599
MARRIAGE LICENSES 19 56 3,038

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