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VOL. TMN-8 | NO. 25 | Saturday, June 13, 2015
Weekly Issue

Different Strokes

Private golf clubs play through rough times to drive membership

Five years ago, Jim Napolitano left Hillwood Country Club in Nashville to become general manager at Chickasaw Country Club. The economy was still wheezing and Chickasaw, which received its charter in 1922 – or two years after the 19th Amendment gave women the right to vote – was trapped in a time warp.

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.

Machinery Parts Maker Seeks Tax Incentives for Memphis Distribution Center

A Michigan-based manufacturer of belts and hoses is seeking local tax incentives for a Memphis distribution center.

Truck Stop Restaurant Plan Hits End of the Road

The developers behind the proposed Truck Stop restaurant on the northwest corner of Central Avenue and Cooper Street have pulled the plug on the project after a year and a half of regulatory hurdles and different standards involved in using intermodal shipping containers.

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FedEx Records $2.2 Billion Pension Accounting Charge

FedEx Corp. will take a $2.2 billion charge as it changes pension accounting methods.

FedEx St. Jude Classic Notebook: Hearn, Swafford Make Aces, Chappell Ties Record

Every golfer knows that apart from the physical hazards on a course there is always bad luck lurking.

Editorial: One Beale and the Change We Think We Want

For many years, urban planners have talked about the need for more density in Memphis – more of us living and working closer together. With that kind of density comes change.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: June 12-18

1984: On the front page of The Daily News, Tennessee Rep. U.A. Moore of Millington is optimistic about plans for riverboat tours between the Mud Island park – which had opened in the summer of 1982 – and Meeman-Shelby Forest State Park, even though his bill to fund a Memphis State University study of the idea is vetoed by Gov. Lamar Alexander. Alexander instead directs the state Conservation Department to study the idea.

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.

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.

A Door of Their Own

Memphians finding hope after life on the streets

Maybe during the four-plus years that Jackie Hinton was living on the streets of Memphis, you drove past her as she was walking to a shelter for a meal or a bed and a shower.

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.

Goodman to Accelerate Research in UTHSC Post

When Dr. Steven Goodman starts his new job next month as vice chancellor for research at the University of Tennessee Health Science Center, he will get under way on a mission to build a strong team of scientists that helps accelerate the university’s research efforts.

Nonprofit College Initiative Marks Third Year

Three years after its founding, a nonprofit that assists low-income students with the transition from high school to college is moving its Memphis offices and plans to double the number of schools it works with.

Overbey Has No Regrets for Sponsoring Insure Tennessee

Republican Sen. Doug Overbey took the road less traveled this year when he sponsored Insure Tennessee at the request of Gov. Bill Haslam.

Collierville Commits

Town leaders approve 20-cent property tax hike to build school

Right after the Collierville Board of Mayor and Aldermen voted Monday, June 8, to raise the town’s property tax rate by 20 cents, a flash of lightning flared outside the town hall chamber’s windows.

MAA Outgrowing Its East Memphis Headquarters

MAA has tapped Cushman & Wakefield/Commercial Advisors to explore its long-term corporate office needs.

Crews Center Hosts Social Innovation Summer Camp

The Crews Center for Entrepreneurship at the University of Memphis currently is a hub for social entrepreneurs.

FedEx Boosts Dividend by 25 Percent

FedEx Corp. is increasing its quarterly dividend by 25 percent as it inches closer to completing a deal that would make it one of the largest international package deliverers in Europe.

The Soul of Memphis

Soulsville has busy summer lined up, new faces joining the team

What if there was one place that could give a meaningful identity to a new generation of Memphians, preserve the sacred story of Memphis’ social and musical history and communicate the city’s soul to the rest of the world?

Small Changes for Shelby County Housing Market

For years Dick Leike has maintained that Memphis is not a boom or bust housing market. Instead of large increases or dips in sales numbers or prices, Leike said Memphis and Shelby County typically experience smaller swings.

Shelby County Mortgage Market Up 16 Percent in May

Lending has ticked up at Memphis-area banks, mortgage rates are still low and the supply of new homes remains limited.

Municipal Schools Leaders Assess First Year

Not so fast with those state achievement test quick scores that went out with some students’ last report cards. Tennessee Department of Education officials said earlier this month that the figures are in most cases rosier than expected.

Buster's Boom: Popular Liquor and Wine Store Expanding

Buster’s Liquors & Wines is expanding its footprint. The popular wine and liquor store near the University of Memphis is taking over the space occupied by La Hacienda Mexican Restaurant in the University Center retail development at Poplar Avenue and Highland Street.

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.

New Coach, Fans Will Keep Eye on Rocky Top League

KNOXVILLE – Hoops fans, rejoice. Your summer basketball fix is almost here.

NEWSMAKERS

Browne Named RISE Foundation Board Chair

Terri Browne, chief people officer for Sedgwick Claims Management Services Inc., has been named board chair of the nonprofit RISE Foundation, which seeks to improve the lives of low-income working Memphians through financial literacy.

REAL ESTATE RECAP

Solana Senior Living Facility Sells for $65.5 Million

8199 Poplar Ave., Germantown, TN 38138 -
An affiliate of a Fortune 500 real estate investment trust has bought a senior living facility in Germantown for nearly $65.5 million.

SMALL BUSINESS

Cotton Tails, Sachi Stand Out With Customer-Centric Focus

“I like to hide behind the scenes,” said Miki Brugge, the owner of children’s store Cotton Tails and women’s boutique Sachi. “Emphasis on ‘hide,’ please.”

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.

Deadlines Everyone Should Know

Ray’s Take: Deadlines are good for the soul. It’s always important to keep track of significant ones in life. At 16, we can drive, and at 18, we can vote. Your taxes are due on April 15. But what about other significant deadlines that may not be as familiar?

Grace-Spotting and More

Anne Lamott is something of an expert on grace. And she’s a brilliant thinker and writer. As such, she’s widely cited in sermons. And some columns. The following are among my favorite Lamott quotes:

Dashboards Drive Business Performance

Numerous studies support the fact that companies that excel at aligning their marketing and sales efforts enjoy significantly higher revenue growth. A best-in-class strategy for creating such cohesion is the regular development of a business dashboard.

Mr. Market Raises Rates

While the Fed deliberates over short-term interest rate policy, Mr. Market has acted and raised long-term rates.

You Want To Build A Building?

Owning a building can be a turning point in the life of a nonprofit. A building represents positive attributes: permanence, ownership, longevity, visibility, stability, status and achievement. You can control your destiny, make improvements, and expand when needed. You have an asset to leverage for future projects. No one can make you move.

Finding SoCal Vibe in Carlsbad

The Carlsbad experience is as simple as waking up one morning to enjoy a run along scenic California Highway 1 as surfers ride their bikes to the beach to catch a few waves before work in nearby San Diego.

Once Upon A Time at Work

In business and daily life, we are wired for stories as a species. One creation myth begins by saying God created humans because he needed good stories. Stories bind us together, creating an emotionally connected narrative through which we make sense of the world. I want to share a “Here’s What I Love About My Career” story with you.

TENNESSEE LEDGER
Nashville Edition

Stones Rock Music City

Once considered a ‘secondary’ concert market, Nashville’s Rolling Stones gig is major league

Pleased to meet you, hope you guessed our name. Well, hell, Mick, if it’s puzzling you, it’s Nashville. Music City USA.

Stones’ Nashville Connections Go Way Back

While Brad Paisley lives what he calls “a bucket list item” by singing while playing his guitar in typically showy fashion as the opening act for The Rolling Stones, the most important guitarist in rock ‘n’ roll history and a man idolized by Keith Richards and Ronnie Wood will be sitting in his house on Blueberry Hill in the hills of northern Davidson County.

Playing Big Outdoor Stadiums Costly, Risky

Tickets still are available from most online brokers for The Stones‘ ZIP Code Tour stop in Nashville.

Old-Time Country, Stones Intertwined

Joey, the CowPolka King, well remembers the times he would play acoustic bass, piano or his specialty – the accordion – and try to catch up after Cowboy Jack Clement launched into one of his favorite songs….

Friendly Fire May Put Your House Hunt at Risk

Friends don’t let friends buy junk. As it pertains to real estate, friends don’t let friends buy anything. In the past it was the parents with the “Ma and Pa Meddle” syndrome that impeded the youth from purchasing homes.

Knoxville Edition

Proton’s Weaver Wizard of Tech Innovation

On any given day, business executives, scientists and chemical engineers from across the U.S. and around the world come to East Tennessee to see for themselves the renewable energy technology developed by Lenoir City-based Proton Power Inc.

Awards Spotlight Knoxville's Top Achievers

The depth and strength of the Knoxville area business community was highlighted recently with the Knoxville Chamber’s 11th annual Pinnacle Business Awards presentation.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 69 69 21,228
MORTGAGES 57 57 24,842
FORECLOSURE NOTICES 0 0 8,703
BUILDING PERMITS 0 0 43,347
BANKRUPTCIES 0 0 14,194
BUSINESS LICENSES 12 12 6,503
UTILITY CONNECTIONS 0 0 13,678
MARRIAGE LICENSES 19 19 5,177

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