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VOL. 122 | NO. 103 | Tuesday, June 5, 2007

Healthier Prognosis

Med reduces gaping deficit but still has mountain to climb

At the beginning of the year, the Regional Medical Center at Memphis had a more than $20 million deficit, but hospital officials now predict that at the end of the current budget year the deficit will be about $4 million. The Med's fiscal year ends June 30.

Q1 Report Shows Strong Memphis Office Market

Poplar Avenue often is called the lifeline of Memphis because it links Downtown with the suburbs and houses the area's most valuable and high-profile real estate.

St. Jude Renovates Offices for 60 Software Developers

160 N. Parkway, Memphis, TN 38105, Permit Cost: $1.5 million -
Renovation of a 15,000-square-foot, one-story building across North Parkway from the St. Jude Children's Research Hospital main campus. The building will house offices for 60 St. Jude software developers. Construction is slated to begin in June and finish in late July.

Local Weather
Currently
Memphis, TN
9.0°F
Fair
Wind: North at 5.8 mph
Humidity: 73%

EVENTS

The Alliance for Nonprofit Excellence will hold a workshop titled "What If...? Crisis Management and Disaster Planning for Nonprofits" Wednesday from 9 a.m. to 4 p.m. at The Assisi Foundation of Memphis Inc., 515 Erin Drive. The event is $99 for members and $150 for nonmembers.

more events »

New Cooper-Young 'Biz Director Puts Neighborhood's Character to Use

It's a new job, but also a homecoming of sorts.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 800
MORTGAGES 0 0 952
FORECLOSURE NOTICES 0 6 101
BUILDING PERMITS 0 0 1,205
BANKRUPTCIES 9 45 536
BUSINESS LICENSES 0 74 240
UTILITY CONNECTIONS 0 1 338
MARRIAGE LICENSES 0 0 82

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