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VOL. TMN-9 | NO. 27 | Saturday, July 2, 2016
Weekly Issue

Conley Reportedly Offered Max Deal By Grizzlies

ESPN is reporting that Memphis Grizzlies point guard Mike Conley has been offered a maximum five-year, $153 million deal by the team, which no other NBA team can match, sending a strong message the team wants Conley in Memphis.

Strickland Unveils Greensward Solution, Zoo Not Happy

Memphis Mayor Jim Strickland has put forth his plan to end parking on the Overton Park Greensward.

Changing of the Guard

Memphis growing a deeper bench of talent across health care industry

Michael Ugwueke’s office at Methodist Le Bonheur Healthcare is a long way from his childhood years in war-torn Nigeria.

Editorial: Health Care: Memphis’ Innovation Tradition

Leading one of the city’s medical institutions is often the job of lifetime.

AP Sources: Memphis Lands Chandler Parsons for 4 Years, $94M

Two people with knowledge of the situation tell The Associated Press that free agent forward Chandler Parsons has agreed to terms with the Memphis Grizzlies on a four-year deal worth $94 million.

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EVENTS

The second annual On Location: Memphis Shorts Festival will kick off with a screening of live-action shorts Tuesday, July 5, at 7 p.m. at Hard Rock Cafe, 126 Beale St. At the end, the audience will vote on their favorites, with the winner granted access to the OL:M International Film & Music Festival in August. Cost is free. Visit onlocationmemphis.org.

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4 Children Fatally Stabbed in Memphis; Mother Charged

MEMPHIS, Tenn. (AP) – Four young children were stabbed to death in a gated apartment complex in suburban Memphis on Friday, and the Shelby County Sheriff's Department has charged their mother, Shanynthia Gardner, with first degree murder as well as other charges.

Former Grizzly OJ Mayo Dismissed, Disqualified From NBA for Drug Violation

NEW YORK (AP) – O.J. Mayo was dismissed and disqualified from the NBA on Friday for violating the terms of the league's anti-drug program, the first player to receive that punishment in a decade.

HISTORY

Frank Stokes, Epitome of the ‘Memphis Sound,’ Given Just Memorial

Nathaniel Kent remembers his grandfather as an older man in his 70s by the mid-1950s who came over with his guitar – ill and near the end of his life.

SMALL BUSINESS SPOTLIGHT

In a Competitive Market, Hemline Maintains Its Boutique Advantages

As Hemline Creative Marketing partner and co-director Cynthia Saatkamp says, “The (agency’s) name will always be a differentiator.”

THE MEMPHIS NEWS ALMANAC

July 1-7: This week in Memphis history

2014: Hard Rock Cafe Memphis’ new location opens at the corner of Beale and Second streets after 17 years at Beale and Hernando.

REAL ESTATE

Loeb Properties to Reposition YoLo, Kwik Shop Grill

YoLo Frozen Yogurt in Overton Square and the Kwik Shop Grill at Central Avenue and East Parkway are both on their way out.

Loeb Looking to Build Homes Near University of Memphis

Loeb Properties has a piece of University of Memphis-area land under contract for purchase and the eventual construction of single-family homes.

ServiceMaster to Change Mall’s Exterior

Memphis-based ServiceMaster Global Holdings Inc. and its landlord, Belz Enterprises, plan to remove the pedestrian skybridge into the Peabody Place development that crosses over Second Street and will add more than 50 new windows to the second and third levels on the Second Street side of the mall.

BLIGHT

Frayser Targeted as Pilot Area for Citywide Fight Against Blight

Last week, a wrecking team demolished a single-family home in the Washington Heights neighborhood in South Memphis. The effort, organized by United Housing Inc. and backed by the U.S. Department of Treasury, was the first of its kind to take place.

REAL ESTATE RECAP

South End Gets a $15 Million Apartment Complex

250 E. G.E. Patterson Ave., Memphis, TN 38126 -
A multifamily development in Downtown’s South End is moving forward. 

GOVERNMENT & POLITICS

Shelby County Budget Shuffle Endures

By the end of Shelby County government’s budget season, a lot of paper was being passed around the County Commission chambers.

Mayor Strickland Defends Anonymity Of Memphis Police Director Applicants

Releasing the names of everyone who has applied for the job of Memphis Police Director would have “a chilling effect” on good candidates for the critical public safety post and “hurt public safety,” Memphis Mayor Jim Strickland says.

Memphis Lawsuit Over Police Applicants Could Hinge on Nashville Legal Opinion

The city of Memphis isn’t entitled to a list of everyone who applied for the job of Memphis Police director and will only get a list of five to six finalists from the International Association of Chiefs of Police.

EDUCATION

Libertas Roof Repairs Raise Questions for SCS

As expected, the Shelby County Schools board approved two new charter schools for the 2017-2018 school year Tuesday, June 28, and turned down eight other charter applications for now.

STARTUP CONFIDENTIAL

Hattiloo’s Bandele: ‘It’s a Supply and Demand Thing’

When you see Ekundayo Bandele in his sleek, contemporary Midtown office, dressed sharp in a tie and freshly shined shoes, phone dinging constantly, you might think he was born to be a theater impresario. 

ENTREPRENEURSHIP

Bellhops Looks to Add Memphis Workers

One of the tech-driven trends reshaping much of modern life is the Uber-ization of the mundane and the commonplace – bringing the mobile payment features and quick-tap instant gratification of hailing an Uber to almost anything an entrepreneur can think of.

SPORTS

Memphis International Raceway Readies for World Series of Drag Racing

No one is suggesting that Memphis International Raceway will duplicate the economic impact numbers generated by the Bristol Motor Speedway. For those numbers – more than $417 million in direct economic impact from 2012 to 2014 – are otherworldly.

Grizzlies Like Draft Results, But Still Need Conley to Run the Show

Not a lot of films have their world premieres in Memphis. But if it is summer and the Grizzlies have a crucial player becoming a free agent, then it’s time for a Craig Brewer short film.

Summitt’s Story Recalls Love of the Game

Somehow it seems fitting that as the NBA prepares to throw around Monopoly money in what promises to be the most insane summer of free agency to date, we are also looking back at how Pat Summitt got started coaching women’s basketball at the University of Tennessee.

NONPROFIT SECTOR

Kevin Dean Leaves Legacy at Literacy Mid-South for ‘New Adventure’

After five years of leading the charge for building a stronger community of skilled readers, Thursday, June 30, is Kevin Dean’s last day as executive director of Literacy Mid-South. He leaves behind a legacy of milestones he orchestrated for the nonprofit organization, which aims to provide literary resources to all backgrounds and ages.

DOWNTOWN

Downtown Memphis Commission Creates Temporary Grant Program for Creatives

The Downtown Memphis Commission is accepting applications for grants that will activate the street with creative meet-ups and art installations.

FINANCIAL

First Horizon CFO Touts Growth Opportunities, Conservative Approach

The chief financial officer of First Tennessee Bank’s parent company took a message of expansion, of stronger loan portfolios and being smarter than the competition about which deals to pursue in a meeting with analysts in New York City earlier this month.

Memphis Financial Pros Brace for More Brexit Fallout

Markets are a little like patients going in for a medical checkup. Neither one likes big surprises.

MARTHA KELLY'S MEMPHIS

Sweet Sounds From The Shell

The Stax Music Academy played June 25 as part of the Levitt Shell’s 2016 Free Music Concert Series. The concert series at the Overton Park venue, which recently got a $4 million upgrade, continues Thursdays through Sundays until the end of July.

MEMPHIS NEWSMAKERS

Chamber Names Simmons Director of Public Policy

Haley Simmons has joined the Greater Memphis Chamber as the director of public policy, a new position in the chamber’s community development department. In this role, Simmons will be focused on enhancing the chamber’s advocacy efforts to inform and engage its members on important policy issues, and he’ll also be responsible for growing the chamber’s role in education initiatives.

TENNESSEE LEDGER
Nashville Edition

Former Titan Dyson Finally Reaching His Goal

Working adults go back to school to find rewarding second careers

When is it too late to go back to school and prepare for a new career? Most experts and older students who’ve returned to school at 30, 40, 50 – or even 60 and beyond – will tell you there’s really no limit as long as an older student is motivated and focused.

Principal Dyson: 'I’ve Made Myself a Qualified Candidate'

The Music City Miracle run. The outstretched hand reaching toward the goal line in Super Bowl XXXIV. When talk turns to the Tennessee Titans’ glory days and that magical 1999 season, Kevin Dyson’s name always comes up.

Knoxville Edition

Summitt: A Coaching Legend Who Changed Her Sport

My parents were big fans of Pat Summitt. They loved the Lady Vols. They reveled in the program’s glory days.

Thanks to Summitt, We Know More About The Enemy

We know about all the national championships, all the victories and even the exceptional graduation rate.But because of Pat Summitt, we also know more about Alzheimer’s disease. And that is an important part of her extraordinary legacy. It was her courageous choice to become the face of the disease, accepting the role as an advocate.

LETTER TO THE EDITOR

Reader: Investing in All Students is Overdue, Critical

I’m super-thankful for the commitment of Shelby County Commissioners led by chairman Terry Roland and budget chairman Van Turner to add critically needed funds for the 2017 Shelby County Schools (SCS) budget approved Wednesday, June 29. I’m also very thankful to Superintendent Hopson and the SCS board members along with organizations like Stand for Children, Black Lives Matter and petition signers who advocated for a budget that refused to slash some core academic programs and staff.

LOCAL COLUMNISTS

Money and Marriage – Have This Discussion First

Ray’s Take It may not sound very romantic, but financial compatibility really is a key ingredient in building a lasting relationship. According to a GoBankingRates.com survey, the biggest deal breaker in a relationship is overspending, followed closely by debt and financial honesty.

Different But Not Less

THIS IS MINISTRY, BABY. Sometimes we don’t see the difference we can make right where we are.

Record July Fourth Travel Forecasted

Have plans to travel this July Fourth weekend? You’re not alone.

Brush With Death Recalled, Part 4

In the past three columns, I’ve told how, in February 2002, I had a major reminiscence of my role in saving the life of a heart attack victim-in-denial 20 years earlier. In March I received annoying emails about how to survive a heart attack while alone. In early April I dreamed of my heartland being under attack.

Symbols of War Keep Dragging Us Down

More than 150 years ago, we fought our nation’s most bloody war, a conflagration that claimed 620,000 lives, almost as many as were killed in all other American war efforts combined.

Career Independence Day

The Fourth of July is just around the corner. It’s so close that you can almost smell the fireworks and taste the barbecue. But, before Independence Day was a family holiday, it was a commemoration of the adoption of the Declaration of Independence. It’s a celebration of the independence of the United States from Britain.

6 Signs Your Website Is No Longer Working for You

Your website is a first look into your company. It’s a reflection of your company’s culture as well as your leadership. But simply having a website isn’t enough. It must have a purpose – and if that purpose doesn’t yield measurable results, this could be the first sign that your website no longer fits the needs of your company.

Do the Right Things

So many people focus on the tiny details of their jobs. They are rewarded to sweat the details. In some fields the details are critical, such as medical care, clinical research, nuclear energy; in many fields, however, this focus on details impedes authentic growth.

Community Engagement Award

National recognition was bestowed upon the ArtsMemphis Community Engagement Fellows program this past week. Americans for the Arts, the nation’s leading nonprofit organization for advancing the arts and arts education in America, awarded the esteemed Robert E. Gard award to the fellowship program.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

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