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VOL. 130 | NO. 111 | Tuesday, June 9, 2015

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.

Plans for Old Dominick Distillery Move Forward

D. Canale & Co. is moving forward with plans to build a $5 million distillery on Front Street Downtown.

Last Chance to Register for Whole Foods Job Session

Whole Foods Market is hosting informational sessions for workers interested in landing a job at the grocer’s new Memphis-area store, and Tuesday afternoon is your last chance to register.

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.

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.

Local Weather
Currently
Memphis, TN
74.0°F
A Few Clouds
Wind: South at 6.9 mph
Humidity: 91%

EVENTS

The Center City Revenue Finance Corp. will meet Tuesday, June 9, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

more events »

One Beale Faces Questions About Riverside Impact

When the One Beale luxury high-rise project goes to the Land Use Control Board Thursday, June 11, there will be opposition, concerns and questions about its impact on surrounding properties at Memphis’ riverside.

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?

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.

Collierville Board Tentatively Approves Tax Hike to Finance New School

The Collierville Board of Mayor and Aldermen voted Monday, June 8, to raise the city’s property tax rate by 20 cents to $1.73 in the new fiscal year to finance construction of a comprehensive high school.

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.

LOCAL COLUMNISTS

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.

STATE GOVERNMENT

Tennessee Attorney General: Lawmaker Insurance Info Covered By Open Records

NASHVILLE, Tenn. (AP) – State Attorney General Herbert Slatery has found that the cost of lawmakers' taxpayer-subsidized health insurance coverage falls under Tennessee's open records laws.

NATIONAL BUSINESS

McDonald's Sales Slump Continues in May

OAK BROOK, Ill. (AP) – McDonald's says that a key sales measurement dipped in May, with weakness in the U.S. and some overseas markets.

AP Analysis: More 'Phony Numbers' in Reports as Stocks Rise

NEW YORK (AP) – Those record profits that companies are reporting may not be all they're cracked up to be.

Do More Jobs Mean More Economic Security? Not for Some

WASHINGTON (AP) – The U.S. economy is churning out a lot of jobs these days but not a lot of financial security for many of the people who hold them.

TECHNOLOGY

Apple Wants a Lead Role in Streaming Music

SAN FRANCISCO (AP) – Apple's iTunes helped change the way music-lovers bought their favorite songs, replacing plastic discs with digital downloads. Now the maker of iPods and iPhones wants to carve out a leading role in a revolution well under way, with a new, paid streaming-music service set to launch this summer.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 140 16,020
MORTGAGES 0 145 18,537
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 323 32,794
BANKRUPTCIES 0 121 10,621
BUSINESS LICENSES 0 58 5,144
UTILITY CONNECTIONS 0 90 11,307
MARRIAGE LICENSES 0 60 3,833

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