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VOL. 131 | NO. 162 | Monday, August 15, 2016

Weinshanker: Graceland, Whitehaven Inextricable

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.

MAA to Acquire Post Properties for $4 Billion

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.

The Week Ahead: Aug. 15-21

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…

Whitehaven’s Big Week Moves Needle on Long-Held Development Plans

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.

Coalition Calls For Graceland Protest

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.

Local Weather
Memphis, TN
Wind: South at 10.4 mph
Humidity: 96%


Tennessee Medical Association will bring its CME Summer Roadshow, “Dollars and Sense: Understanding State and Federal Healthcare Payment Reform,” to Memphis on Tuesday, Aug. 16, at Saint Francis Hospital-Memphis’ Longinetti Auditorium, 5959 Park Ave. Cost is $175 for TMA members and $275 for nonmembers. Visit tnmed.org/summerroadshow to register.

more events »

Shelby County Foreclosures Remain at Historic Lows

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.

Last Word: Candlelight Protest, International Paper Rumors and Ruby Wilson

Graceland and Black Lives Matter meet again Monday evening, according to the announcement as the weekend began of the Coalition of Concerned Citizens.

M&A Speculation Directed at International Paper

It took just two words to send shares of Memphis-based International Paper as high as they’ve been all year.

CLERB Subpoena Power Remains Issue After Council Vote

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.

Collaboration Among Accelerators Hailed as Ultimate Startup Move

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.

Why Does Tennessee Start Its School Year So Dang Early?

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.

Grizzlies to Open Season Oct. 26 at Home vs. Minnesota

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).


Summertime Decisions

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.

Editorial: Stories Abound As School Year Begins

The best stories from the first day of school are usually not found in places like this.

August 12-18, 2016: This week in Memphis history

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.


Wiseacre Proposes Coliseum for Brewery

The owner of Wiseacre Brewery wants to put a 65,000-square-foot brewery – a $12 million investment – in the Mid-South Coliseum.

Rallings: 'The World Is In Turmoil'

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.

Paradox Catering Starting New Mystery Dining Experience

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.

Mediation Confidential

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.

Wiseacre’s Coliseum Plan Fueled By Growth

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.


Ruby Wilson, 'The Queen of Beale Street,' Dies in Memphis

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.


Iconic Nashville Studios to Open Their Doors to Tourists

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.


United Airlines, Flight Attendants Agree on New Contract

NEW YORK (AP) – United Airlines won a much-needed labor victory Friday when its 25,000 flight attendants voted to approve a new contract.


Tepid Retail Sales Lower Expectations for US Economic Growth

WASHINGTON (AP) – A sluggish month of retail spending has tempered expectations for the U.S. economy's growth in the coming months.

US Business Inventories Rose Modestly in June; Sales Climbed

U.S. businesses increased their inventories modestly in June, as retailers continued to stock up. But factories reduced stockpiles for the 12th straight month.

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