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VOL. 133 | NO. 90 | Friday, May 4, 2018

Spinosa Takes Job With Chamber, Resigns from Council

Philip Spinosa, Jr. has resigned from the Memphis City Council and was named the new senior vice president of the Greater Memphis Chamber’s Chairman’s Circle.

Fred’s Fiscal Year Loss Doubles From 2016

Joseph Anto’s first presentation of the quarterly numbers for discount retailer Fred’s Inc. lasted about 13 minutes from start to finish.

Rapid Expansion

Avison Young doubles footprint to accommodate growth

For the fifth time in a little more than two years, commercial real estate brokerage Avison Young is growing in Memphis. Now the rapidly expanding local franchise, which started out as two men in a temporary office and currently employs 15, will be occupying 5,200 square feet in an iconic building along the Poplar corridor, more than doubling its previous footprint.

Two More Executives Resign at Fred's

Two more senior executives are out at discount retailer Fred’s Inc., with word of their departures coming a week after the Memphis-based company’s CEO resigned.

Germantown To Fund School Deferred Maintenance

Germantown Mayor Mike Palazzolo will propose more city capital funding in his upcoming budget proposal for renovation and maintenance of schools in the Germantown Municipal School District.

Local Weather
Currently
Memphis, TN
78.0°F
Overcast
Wind: Northeast at 4.6 mph
Humidity: 93%

EVENTS

The 2018 Beale Street Music Festival takes place Friday through Sunday, May 4-6, in Tom Lee Park on Riverside Drive. The kickoff to the Memphis in May International Festival includes four stages with more than 60 acts spanning every genre. Tickets are $55 each day; three-day passes are $165. Visit memphisinmay.org for a lineup.

more events »

Third Time the Charm?

After two interim NBA coaching gigs, J.B. Bickerstaff gets full shot with Grizzlies

On the occasion of another Grizzlies press conference at FedExForum to introduce another new coach, general manager Chris Wallace said of J.B. Bickerstaff: “We’ve taken the interim tag off. He’s our permanent head coach.”

Luttrell Proposes Adjusting Down County Property Tax Rate

Shelby County Mayor Mark Luttrell is proposing a rollback of the $4.11 county property tax rate to $4.05 in his last budget proposal to the Shelby County Commission.

Last Word: BSMF Opens, Germantown's New Elementary and Links at St. Jude

The Beale Street Music Festival opens Friday and the clouds appear right on cue. But that, in and of itself, doesn’t stop the proceedings in Tom Lee Park. Lightning is another matter, of course. Poncho and boots are a part of the Memphis In May identity. And one day there will be a digital map of the park’s terrain that shows the areas that are the mud pits and those that are largely mud proof. That’s for some of you to avoid them and others among you to find them and “celebrate” them.

St. Jude Receives $1M Sickle Cell Grant

The Links Foundation, one of the nation’s oldest and largest African-American women’s volunteer service organizations, awarded a $1 million Legacy Grant to St. Jude Children’s Research Hospital Thursday with a goal of jumpstarting three critical sickle cell disease initiatives.

MARTHA KELLY'S MEMPHIS

Art Branches Out

Local artist Martha Kelly, who paints a slice of Memphis life for The Daily News each month, sketched the Vollintine Evergreen Community’s seventh annual V&E Artwalk, held last weekend on the V&E Greenline. The annual event raises money and awareness for the community-owned trail, which runs through Vollintine Evergreen and the heart of Midtown. 

THE PRESS BOX

The Kickoff is a Must-Keep Play in College Football, NFL

October 6, 2016, at Liberty Bowl Memorial Stadium. From the sideline, then-University of Memphis quarterback Riley Ferguson was watching as history disappeared under scorched earth. In other words, as Tony Pollard raced 95 yards and erased a 20-year gap between Memphis kick returns for touchdowns.

SPORTS

Little-Known Coleman Wowing Fans in Europe

Christian Coleman is just another guy when he’s on campus at the University of Tennessee.

LOCAL COLUMNISTS

Our Kids are Drowning

LIFELINE. Almost 40 years ago, I was on the first board of the Ira Samelson Jr. Boys & Girls Club down the street from Treadwell School. We had taken over a YMCA that had a pool – the first pool in the club system. We brought kids in from all over the city to learn to swim, to keep from drowning if they got in deep water.

Saving Beyond Your 401(k)

Ray’s Take: Buried treasure may sound like something from a fairy tale, but in 2013 a California couple discovered the largest buried treasure in U.S. history. The Saddle Ridge Hoard, as it became known, was made up of 1,411 gold coins minted in the 1800s and worth more than $10 million.

STATEWIDE

University Of Tennessee Fills Ousted Chancellor Interim Slot

KNOXVILLE, Tenn. (AP) – The University of Tennessee has named its interim pick to replace ousted Knoxville campus chancellor Beverly Davenport.

Tennessee Governor Vetoes Cancer Proton Therapy Bill

NASHVILLE, Tenn. (AP) – Gov. Bill Haslam has vetoed legislation that would have required state employee insurance to cover proton therapy, an alternative treatment for certain cancers.

REGIONAL NEWS

Webster University Loses Lease for Fort Smith Campus

FORT SMITH, Ark. (AP) – A university campus in northwest Arkansas is preparing to close its doors.

Arkansas Governor Says He's Opposed to Grocery Tax Hike

LITTLE ROCK, Ark. (AP) – Arkansas' governor says he's opposed to raising the state's sales tax on groceries after a legislative panel voted to study the idea as a way to pave the way for further income tax cuts.

NATIONAL BUSINESS

Kellogg Says its Frozen Foods are Hot With Millennials

NEW YORK (AP) – Kellogg, known for Frosted Flakes and Froot Loops cereals, says millennials are hot for its frozen foods, helping boost the company's sales.

Bill Gates Pumps $158 Million Into Push to Combat US Poverty

SEATTLE (AP)Bill Gates launched a new fight against systemic poverty in the U.S., with his private foundation on Thursday announcing millions of dollars toward initiatives ranging from data projects to funding for community activists.

TECHNOLOGY

Robot Fast-Food Chefs: Hype or a Sign of Industry Change?

BOSTON (AP) – Robots can't yet bake a souffle or fold a burrito, but they can cook up vegetables and grains and spout them into a bowl – and are doing just that at a new fast casual restaurant in Boston.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 59 232 11,757
MORTGAGES 80 254 13,681
FORECLOSURE NOTICES 0 19 1,877
BUILDING PERMITS 93 480 24,644
BANKRUPTCIES 61 179 7,652
BUSINESS LICENSES 41 100 4,007
UTILITY CONNECTIONS 34 118 4,799
MARRIAGE LICENSES 10 48 2,592

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