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VOL. 127 | NO. 109 | Tuesday, June 5, 2012

Council Looks to End Budget Season

Memphis City Council members are likely to end their budget season Tuesday, June 5, with final votes on an operating budget ordinance as well as a tax rate ordinance.

Unveiling Downtown

Artists pair with Downtown businesses to display works

Twenty makeshift art galleries have just popped up in Downtown Memphis.

HQ Rumors Latest Hurdle For Pinnacle

It was almost two years ago that Pinnacle Airlines Corp. began a transition. And it was a very different transition than the one the Memphis-based regional air carrier is now working its way through with supervision from a federal bankruptcy court judge in New York.

AirTran Brand Remains At MEM For Rest of Year

The four daily AirTran flights at Memphis International Airport and the AirTran operation at MEM won’t be converted to the Southwest Airlines brand this year.

School of Rock to Open Locale in Germantown

National music store School of Rock will open a location in Germantown next month adjacent to Lane Music, marking a unique partnership from both a synergistic and commercial real estate standpoint.

Local Weather
Currently
Memphis, TN
90.0°F
Partly Cloudy
Wind: Variable at 3.5 mph
Humidity: 63%

EVENTS

The Memphis Rotary Club will meet Tuesday, June 5, at noon at the University Club of Memphis, 1346 Central Ave. Neil White, author of “In the Sanctuary of Outcasts,” will speak. Cost is $18 per person. Email Taylor Hughes at taylor@memphisrotary.org for reservations.

more events »

Cohen Plans Rollout of Endorsements

There will be a Cohen ballot of political endorsements for the Aug. 2 and Nov. 6 elections.

Overton Park Conservancy Meets Milestone With Dog Park

The Overton Park Conservancy counted 150 dogs of all sizes for the formal opening Saturday, June 2, of the Overton Bark dog park and more humans than that, also of all shapes and sizes.

Friendship Safehaven Uses Theater To Enrich Children’s Lives

An attorney by day, Linda Harris spends her evenings and weekends enriching children’s lives through Friendship Safehaven, the Memphis area nonprofit she established just more than five years ago.

Farm To Fork Series Kicks Off at Bleu

Bleu Restaurant and Lounge hosted a prix-fixe brunch to open the season for the Farm To Fork summer series produced by Memphis Farmers Market on Sunday, June 3. The Farmers Market will partner with a different restaurant in the city each month as part of a campaign to encourage Memphians to eat and buy local.

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet Tuesday, June 5, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.

REAL ESTATE RECAP

$7.5 Million Permit App Filed for Fieldstone Apts.

7986 Tournament Drive, Memphis, TN 38125 -
Fieldstone Apartments III Co. is preparing to begin work on a 102-unit apartment complex at 7986 Tournament Drive in Southeast Memphis, according to a $7.5 million building permit application filed with the city-county Office of Construction Code Enforcement.

LOCAL COLUMNISTS

Dollar-a-Day Lessons

Last week we discussed three concepts from Daymond John’s recent presentation in Memphis: mentoring, everyday heroes, and the higher-cause influence. This week let us discuss three benefits of a program harnessing the energy and resources of Memphians to build community awareness, leadership and responsibility, and a pattern of charitable giving: GiVE 365.

REGIONAL

Ark. Running $67M Surplus for Year so Far

LITTLE ROCK, Ark. (AP) – Arkansas is on track to end the fiscal year with a surplus of at least $67 million, and the number could break the $100 million mark, the state's finance department said Monday.

NATIONAL BUSINESS

US Factory Orders Fell 0.6 Percent in April

WASHINGTON (AP) – Companies placed fewer orders to U.S. factories for the second straight month and a key measure that tracks business investment plans fell, adding to evidence that the economy is weakening.

Wal-Mart's Proxy Vote Shows Dissent Against Execs

NEW YORK (AP) – Wal-Mart's final shareholder vote for its board of directors showed unprecedented dissent against key executives and board members, including CEO Mike Duke, in the wake of allegations of bribery in Mexico.

HEALTH CARE

Health Insurer WellPoint to Buy 1-800 Contacts

INDIANAPOLIS (AP) WellPoint Inc. plans to buy contact lens retailer 1-800-Contacts Inc. in a deal that would give the insurer its first direct-to-consumer business outside selling individual health coverage.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 85 317 11,842
MORTGAGES 99 353 13,780
FORECLOSURE NOTICES 12 31 1,889
BUILDING PERMITS 304 784 24,948
BANKRUPTCIES 54 233 7,706
BUSINESS LICENSES 64 161 4,060
UTILITY CONNECTIONS 26 144 4,825
MARRIAGE LICENSES 17 65 2,609

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