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VOL. 130 | NO. 114 | Friday, June 12, 2015

Panel Alters Wharton’s Plan for Memphis Fairgrounds

The Mid-South Coliseum becomes a pavilion with a grove next to a multi-purpose sports center. A 10-acre water park fronts on Central Avenue where a high school gym now stands.

Urban Land Institute Panel Recommends $184 Million Memphis Fairgrounds Plan

The Urban Land Institute panel that’s been in Memphis this week studying the future of the Mid-South Fairgrounds has recommended a $184 million plan that would overhaul the area.

Ready to Ride

Kids connect with horses at Shelby Farms camp

Memphis kids have been embracing the art of horseback riding this month at Shelby Farms Park Equestrian Summer Camp. 

Carlisle Corp. Gets Tentative OK on One Beale Plan

Developers got a tentative green light to move forward with the ambitious One Beale project, convincing regulators that the twin skyscraper development would be a game-changer for the Memphis skyline.

Del-Nat Sells Warehouse, Newby’s Makes A Comeback

Del-Nat Tire Co. has unloaded a 500,000-square-foot warehouse in Southwest Memphis.

Local Weather
Currently
Memphis, TN
83.0°F
A Few Clouds
Wind: North at 6.9 mph
Humidity: 55%

EVENTS

Literacy Mid-South will host the fourth annual Literatini benefit Friday, June 12, from 7 p.m. to 10 p.m. at The Booksellers at Laurelwood, 387 Perkins Road Extended. The event will feature martini tastings, a Q&A with Harper Lee memoirist Marja Mills and more. Tickets are $50 a person or $75 a couple. Visit literacymidsouth.org.

more events »

LeMoyne-Owen College Taps New President

Andrea Miller is the new president of LeMoyne-Owen College and will be the first woman to lead the Memphis institution.

Memphis City Council Adds Health Benefits Extension to Budget To-Do List

Memphis City Council members have another decision to make on their list of votes before the fiscal year ends June 30.

Memphis' Tallest Building Faces June 24 Utility Cutoff

The owner of the skyscraper at 100 N. Main St., the city’s tallest office building, has two weeks to pay the delinquent balance on the Memphis Light, Gas and Water Division bill before utilities will be disconnected, a move that would catch a popular Downtown restaurant in the crossfire, according to a an executive at the publicly owned utility.

SPORTS

Mickelson Calls TPC Southwind ‘Most Underrated Course’ on PGA Tour

Phil Mickelson may or may not win this year’s FedEx St. Jude Classic. But last Wednesday, or one day before competition started, he did the FESJC a solid when talking about the TPC Southwind course.

Sit Near the Field, Stay Aware, Skip the Hot Dogs

During the Great Home Run Chase of 1998, when Mark McGwire was a Paul Bunyan-esque figure armed with a wooden club, Rene Lachemann worked the third base coaching box for the St. Louis Cardinals.

LOCAL COLUMNISTS

Listen for Home

WHEN YOU’RE HOME, YOU CAN HEAR IT. I was recently reminded of a story I heard from an actor friend years ago when he was in town for a commercial I was making. His name was Robert Lansing – if you’re old enough, you’ll remember him from TV’s “12 O’Clock High.”

The Importance of Timing

One of the quickest ways to stand out from the crowd is one of the easiest. And, unfortunately, it can make you look very good or incredibly bad. The concept I’m referring to is timing. Your timing can have a huge impact on your outcome on multiple fronts professionally.

NATIONAL BUSINESS

Airlines Boost On-Time Arrivals, Reduce Canceled Flights

Airlines are doing a better job lately of arriving on time and canceling fewer flights.

Applications for US Jobless Aid Remain Low at 279,000

WASHINGTON (AP) – The number of Americans seeking unemployment benefits rose slightly last week, yet remained at a historically low level that points to a healthy job market.

US Household Wealth Reaches New High: Nearly $85 Trillion

WASHINGTON (AP) – A rising stock market and climbing home prices boosted Americans' net worth to a new high in the first three months of the year.

NATIONAL GOVERNMENT

IRS Taking Steps to Combat Taxpayers' Identity Theft

WASHINGTON (AP) – The IRS is joining with state and private industry to combat identity theft by sharing more data about how tax returns are filed and taking other steps, officials announced Thursday. The effort is aimed at stemming a problem that has victimized thousands of taxpayers and cost the government billions of dollars from fraudulent returns.

REAL ESTATE

Average US Rate on 30-Year Mortgage Jumps to High for Year

WASHINGTON (AP) – Average long-term U.S. mortgage rates jumped this week to their highest levels this year, with the key 30-year rate topping 4 percent for the first time since late 2014.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
FORECLOSURE NOTICES 10 70 1,928
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762
BUSINESS LICENSES 23 184 4,083
UTILITY CONNECTIONS 22 166 4,847
MARRIAGE LICENSES 16 81 2,625

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