VOL. TMN-10 | NO. 35 | Saturday, August 26, 2017
Lining up for the good of Memphis
What started as an esoteric online conversation five years ago has grown into a massive citywide event to celebrate all the best parts of the Bluff City.
The Shelby County Board of Adjustment this week approved a proposed multifamily development in the Cooper-Young Historic District, a small project by many standards on a 0.4-acre tract near the neighborhood’s namesake, the intersection of Cooper Street and Young Avenue.
The cyberattack that hit FedEx subsidiary TNT Express in June, temporarily disrupting the company’s worldwide information systems, was a reminder about the fragility of digital systems that Herb Davis didn’t need.
In 1973, Cindi Gresham was a biology major at the University of Memphis – then called Memphis State University – when she was offered a part-time job, and later a full-time job, at a now-defunct Memphis insurance agency.
In March, Tommy Sneed Jr. bought out his father, three uncles and an aunt, and became the owner of 60-year-old Sneed Insurance.
THE MEMPHIS NEWS ALMANAC
2016: Former President Jimmy Carter is in Memphis to lead a group of 1,500 Habitat for Humanity volunteers in building 19 new homes in the Bearwater Park subdivision in North Memphis. The subdivision is on the site of what had been the Cedar Court apartment complex.
REAL ESTATE & DEVELOPMENT
After 30 years, Meredith McDonald still passionate about real estate
Entering the upscale offices of Doug Carpenter + Associates on South Main, veteran residential real estate agent Meredith McDonald radiates Southern charm and professionalism.
A contentious apartment complex slated for the heart of the Cooper-Young Historic District is moving forward after receiving the green light from the Memphis & Shelby County Board of Adjustment. But the board’s approval of the project Wednesday, Aug. 23, wasn’t a quick process.
The Fairgrounds redevelopment plan forming on a fast track will probably look familiar as far as the elements proposed for it.
In this week’s Real Estate Recap, 266 Lofts in Downtown Memphis begins its second phase, Peak Capital closes on a massive Cordova apartment complex, and a Chattanooga-based rock climbing gym purchases land in East Memphis.
A state agency has again turned down Baptist Memorial Health Care Corp.’s application to build a free-standing emergency room in Arlington.
UTHSC is putting the final touches on its new $20 million Plough Center for Sterile Drug Delivery Systems, a pharmaceutical manufacturing facility at the site of a former warehouse at 208 S. Dudley St. in the Memphis Medical District.
Tourism spending, revenues reach record highs
For the 11th straight year, the tourism industry in Tennessee brought in more than $1 billion in state and local sales tax revenue, this time topping off at $1.7 billion in 2016.
ARTS & ENTERTAINMENT
The Memphis Music Hall of Fame unveiled its list of 2017 inductees to a packed house Tuesday, Aug. 22, at Clayborn Temple in Downtown Memphis that included Tennessee Gov. Bill Haslam.
GOVERNMENT & POLITICS
Memphis City Council members are exploring new options for the Confederate monuments in city parks that include boarding up statues of Nathan Bedford Forrest and Jefferson Davis as nuisances, to prevent them from being vandalized and maintain public order, or by citing a provision of the state’s Civil Rights Act.
The next phase in Graceland’s expansion in Whitehaven is a $40 million to $50 million investment in a 6,000- to 7,000-seat theater and event center about where Heartbreak Hotel currently stands.
With the First Baptist Church – Broad choir singing “Amazing Grace,” the $200 million mixed-use Crosstown Concourse development opened Saturday, Aug. 19, 90 years to the month that the building opened as a Sears, Roebuck & Co. store and distribution center.
A few doors down from the main entrance to Cafe Society, a small chalkboard message announces in bright colors “Down the rabbit hole,” with an arrow pointing to the door that visitors are encouraged to walk through.
Memphis College of Art and the Memphis Fashion Design Network have teamed up to launch a Fashion Design Certificate Program that starts this fall.
Tennessee Education Commissioner Candice McQueen and other educators say early childhood educators across the state don’t spend enough time with children on reading, vocabulary building, word comprehension and other basic literacy skills.
THE TIPPING POINT
Arrival at AutoZone’s Downtown headquarters feels a bit like entry at airport departure gates. A security guard records the name and destination of a visitor, scans her driver’s license, then notifies the person she’s here to see: Preston Frazer, vice president of loss prevention and safety.
Tennessee fans would have loved a nine-win season under Derek Dooley. They were giddy at preseason talk about a resurgent program and a widespread belief the Vols were the favorites to win the SEC East Division title last year.
Oops. I goofed last year. So did lots of other people who thought Tennessee’s football team would win the SEC East Division and go to the league championship game for the first time since 2007.
If Year 1 was a good start and Year 2 was another step in the right direction, what should we expect of Marcus Mariota in Year 3?
By now you’ve filed away your memories of the 2017 eclipse and stored your viewing glasses in a safe place until 2566, Middle Tennessee’s next solar eclipse.
Given the Arkansas Razorbacks’ second-half implosions – notably blowing a 24-7 lead to Missouri and a 24-0 lead over Virginia Tech in the Belk Bowl – they wouldn’t mind forgetting that part of their 2016 season.
After another first-round playoff exit this spring, a very direct question was put to All-Star center Marc Gasol:
Cat Peña, a Memphis-based artist, arts administrator and independent public art consultant, has been named director of the Beverly & Sam Ross Gallery at Christian Brothers University. As an artist, Peña’s work in recent years has centered on public art installations, including “There’s More To Be Proud Of,” a canopy of metallic streamers on display in the Edge District through next February. In addition, she is the founder of Collabortory, a creative platform that expands public art practices through collaborative and social practices.
Hundreds of Memphians and travelers across the South gathered at the Pink Palace, Shelby Farms and watch parties across the city Monday, August 21, 2017, to observe the partial solar eclipse.
VIEW FROM THE HILL
State Rep. Johnnie Turner has seen what can happen when old wounds are never allowed to heal.
SYMBOLS AND FLAGS MATTER. Nora approached the concierge desk at the General Walker Hotel in Obersalzberg, Germany, just below Hitler’s infamous retreat, the Eagle’s Nest, and just above the town of Berchtesgaden. We’d heard that there was a museum in the hotel’s basement. The man behind the desk was behind a newspaper when Nora asked, “Excuse me, could you tell me how we get to the Hitler museum?” He snapped the paper down and in a tone the Fuhrer himself would have been proud of and loud enough to turn heads in the lobby, he sneered:
Ray’s Take: When you have your annual physical, your physician looks at a number of your vital indicators; so does your financial planner. Net worth is the value of all assets, minus the total of all liabilities. In other words, net worth is what you own minus what you owe.
The French philosopher and Jesuit priest Teilhard de Chardin once said, “The future belongs to those who give the next generation reason for hope.” While I agree it’s a responsibility we all share to provide the inspiration and reasons to hope to those in succeeding generations, after decades educating generations of young people, I am ever mindful that often it is they who inspire and give us hope. My hope for the future comes from them. They are laying the foundation now.
I have to confess: I’m an introvert. People I’ve met in person are often surprised by this little-known fact. They assume that public speaking and networking skills equate to extroversion. And, this makes sense on the surface. But, introverts can excel too. If you struggle, here are three tips to help you excel in your job search.
Darwin’s “On the Origin of Species” indicates it’s not the strongest of species that survives, nor the most intelligent. It is the one that is most adaptable to change. Likewise, your marketing strategies must evolve to align with the changing ways consumers are progressing through the customer lifecycle. For example, many are relying much more on advocacy, often in the form of social media reviews by customers, than they are on brand messaging to drive purchase decisions.
Over the past couple of years, Tennessee has experienced a boom in several areas of business.
Both innovation and strategy work include methods of problem solving. When organizations make mistakes, it is often because they suffer some form of myopia and have too narrow a perspective.
We recently heard the phrase “small up.” It means to look wisely at your resources and find ways to live with less while retaining your focus on what’s important. While the phrase is being used within the context of personal finance, it is one that can have value to a nonprofit.