VOL. 131 | NO. 162 | Monday, August 15, 2016
The single largest private business investment in Whitehaven, including a $45 million, 200,000-square-foot entertainment complex across from Graceland mansion, is an effort to establish Memphis as “the home of rock ’n’ roll” and to do it specifically where Elvis Presley made his home.
Memphis-based MAA will purchase Atlanta-based Post Properties Inc. for $4 billion, creating the largest publicly traded real estate investment trust by number of owned apartments. The combined company will have an expected value of $17 billion with an equity market capitalization of $12 billion.
Happy Monday, Memphis! If you’re looking for something to do this week, look no further. Here’s our weekly roundup of local events and other happenings you need to know about, from the Elvis Week candlelight vigil to a fun evening of craft beer and DIY art…
The land has been cleared for quite a while where apartment complexes once stood and a big back parking lot was. You can see parts of it from the steps of Graceland.
The Coalition of Concerned Citizens is calling for a “massive, nonviolent peaceful protest of direct action” Monday, Aug. 15, at Graceland in advance of the annual candlelight vigil marking the anniversary of Elvis Presley’s death.
Over the last several years foreclosure activity in Memphis and Shelby County has reached historic lows. Year to date, foreclosures are down 23 percent from the same period of 2015.
Graceland and Black Lives Matter meet again Monday evening, according to the announcement as the weekend began of the Coalition of Concerned Citizens.
It took just two words to send shares of Memphis-based International Paper as high as they’ve been all year.
The Civilian Law Enforcement Review Board voted Thursday, Aug. 11, to seek a legal opinion from the Tennessee Attorney General’s office on whether state law permits the board to have direct subpoena power.
Last year’s Demo Day marked the first time that the city’s primary entrepreneurship partners, Start Co. and Memphis Bioworks, combined their separate efforts into one event. This year soared past previous collaborative efforts, with seven different accelerators and three partners participating in Demo Day, the culminating pitch event for Memphis-based companies seeking the next stage of investment.
For almost all public school students in Tennessee, the dog days of August aren’t spent at the swimming pool or summer camp, but back at school.
The NBA released the 2016-17 regular season schedule and while it gave the Grizzlies an intriguing home opener and a packed December with 11 home games, it moved the Annual Martin Luther King Jr. Day Game to the preceding Sunday night and hit Memphis with 17 sets of back-to-back games (34 games total).
THE MEMPHIS NEWS
More high school students are focusing on their resumes instead of the money that comes with traditional summer jobs
“Yeah, I’m going to miss it,” said LaJereka Hunt, 15, on the last day of her internship with Memphis United, a grassroots group housed at the Mid-South Peace and Justice Center. Over the summer, Hunt attended Memphis City Council meetings, advocated for an overhaul of the city’s Civilian Law Enforcement Review Board and led more than 60 workshops focused on teaching students, many older than she, how to effectively communicate if stopped by the police.
The best stories from the first day of school are usually not found in places like this.
2011: On the front page of The Daily News, city leaders vow that construction work is about to begin on The Pyramid’s long-delayed conversion from an arena to a Bass Pro Shops store with added attractions. The first stirrings of action on the dormant project include a $75 million city buyout of county government’s interest in the Memphis Cook Convention Center as part of the deal for the city to get exclusive ownership of The Pyramid.
LAST WEEK'S MOST POPULAR
The owner of Wiseacre Brewery wants to put a 65,000-square-foot brewery – a $12 million investment – in the Mid-South Coliseum.
Memphis Police Director Michael Rallings will get a pay boost from $150,000 to $219,000 a year as he becomes the permanent head of the Memphis Police Department.
Chef Jimmy Gentry of Paradox Catering & Consulting set out to open a restaurant. He built a catering and consulting business, instead – and what he’s planning next is a mystery dining experience.
One of the two mediators in the Overton Park Greensward controversy says although there was no settlement produced by the mediation in June, the process nonetheless paved the way for its resolution in July.
Council chairman Kemp Conrad noted the timing is “hot off Overton Park and the Greensward” – the protracted controversy the council was heavily involved in. “I do think it’s going to move fast one way or another,” Conrad said Tuesday, Aug. 9, of the concept of a new Wiseacre brewery in the Coliseum.
MEMPHIS, Tenn. (AP) – Ruby Wilson, the blues, soul and gospel singer known as "The Queen of Beale Street," died Friday, her manager said. She was 68.
NASHVILLE, Tenn. (AP) – Threatened by looming developers and a changing industry, some of Nashville's Music Row recording studios are preparing to formally open their doors to tour groups for the first time.
NEW YORK (AP) – United Airlines won a much-needed labor victory Friday when its 25,000 flight attendants voted to approve a new contract.
WASHINGTON (AP) – A sluggish month of retail spending has tempered expectations for the U.S. economy's growth in the coming months.
U.S. businesses increased their inventories modestly in June, as retailers continued to stock up. But factories reduced stockpiles for the 12th straight month.