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VOL. 132 | NO. 153 | Thursday, August 3, 2017

Strickland Reopens Fairgrounds Redevelopment Planning

By the end of the year, the administration of Mayor Jim Strickland plans to have a specific enough plan for Fairgrounds redevelopment to take an application for a Tourism Development Zone to state officials for approval.

Developers Baking $73 Million Deal at Wonder Bread Plant

A development group wants to breathe new life into the former Wonder Bread plant that used to fill the Memphis Medical District with the smell of fresh bread before it closed in 2013.

Jernigan Capital Reports Strong Second Quarter

Memphis-based self-storage financing company Jernigan Capital Inc. has “had an outstanding first half of 2017.” That’s according to its namesake chairman and CEO Dean Jernigan.

Cordova Apartment Community Sells for $27.9M

The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold in a $27.9 million deal.

IRIS Orchestra Fellows Program Bridges Gap to Professional Career

They get to play in an orchestra next to world-class musicians. They will have mentors and be mentors for children in the Shelby County Schools system. During their 10-month fellowship, they are paid a stipend and housing is provided at artist friendly Crosstown Concourse.

Local Weather
Currently
Memphis, TN
47.0°F
Fair
Wind: Northwest at 9.2 mph
Humidity: 69%

EVENTS

The 2017 Cooper Young Festival kickoff party/poster unveiling will take place Thursday, Aug. 3, from 6 p.m. to 8 p.m. at Haizlip Studio, 2125 Central Ave. Be among the first people to see this year’s poster, designed by Rahn Marion, and enjoy live music, food, and beverage bars. Visit cooperyoungfestival.com.

more events »

Last Word: St. Jude School, More Gannett Moves and Maida Pearson Smith

For most, the school year starts next week. But classes are already underway at St. Jude’s new Graduate School of Biomedical Sciences, an idea 15 years in the making, according to the physician who had that idea. The school is a big step in higher education in Memphis and its road to research center status.

New St. Jude Grad School Welcomes Inaugural Class

Following years of planning, development of curriculum and recruitment of staff and faculty, the first class of a dozen students has begun studies at St. Jude Children’s Research Hospital’s new Graduate School of Biomedical Sciences.

Barnes Tapped As New Tennessee Press Association President

Eric Barnes, publisher and CEO of The Daily News Publishing Co. Inc., has become the next president of the Tennessee Press Association, the trade association for the state’s newspapers.

TPA Honors The Daily News for 2016 Coverage

The Daily News recently earned six awards, including two first-place wins, at the Tennessee Press Association’s 2017 newspaper contest, co-sponsored by the University of Tennessee.

Wright Medical Grows Net Sales 5 Percent in Q2

Medical device company Wright Medical Group N.V., which has its U.S. headquarters in Memphis, saw net sales of $179.7 million during the second quarter, the company reported Wednesday, Aug. 2, a 5 percent improvement over the year-ago quarter.

GOVERNMENT

Heidi Shafer Claims Commission Chairmanship With Consistency

Heidi Shafer was first elected to the Shelby County Commission in 2010. But when she is talking about the way county government works, she often goes further back than that to her experience as an aide to her predecessor on the commission, Dr. George Flinn.

Kustoff: Window for Congressional Tax Reform Narrow

When the House and Senate return to Washington from the August recess, the clock will be ticking on a tax-reform proposal that is a Republican priority.

REAL ESTATE RECAP

First Alliance Bank Inks 10-Year Lease to Move to Clark Tower

Memphis-based First Alliance Bank has signed a 10-year lease to relocate its Poplar Avenue branch into the recently remodeled Clark Tower office building.

MEMPHIS AREA

Plaque Honoring Aretha Franklin Placed at Former Home

MEMPHIS, Tenn. (AP) – The mayor of Memphis, Tennessee, has dedicated a plaque marking the childhood home of soul singer Aretha Franklin.

VIEW FROM THE HILL

TCAT Students See the Future, Get Prepared

Bryan Rippy, 38, chuckles when he says he’s in the prime of his life. But sharpening his skills is no laughing matter, and he understands the importance of raising his value in the job market.

LOCAL COLUMNISTS

48 Hours In Provence

Provence conjures images of great food and wine, fields of lavender, Rhone Valley vineyards and ancient hillside villages, all tucked into an unforgettable romantic package.

STATEWIDE

Republican US Rep. Diane Black to Run for Tennessee Governor

NASHVILLE, Tenn. (AP) – Republican U.S. Rep. Diane Black is running for governor in Tennessee.

REGIONAL NEWS

Arkansas Officials Not Ready to OK 75 mph Limit on Highways

LITTLE ROCK, Ark. (AP) – While a new Arkansas law that took effect Tuesday authorizes speeds of up to 75 mph on some major highways, state highway officials said, "Not so fast."

NATIONAL BUSINESS

Wells Fargo Faces Lawsuits, Angry Lawmakers Over Car Lending

NEW YORK (AP) – Wells Fargo is now facing at least three lawsuits from customers who say they were hurt by the bank's latest scandal, over how it operated its auto lending business.

Qatar Airways Dropping Plan to Invest in American Airlines

DALLAS (AP) – Qatar Airways says it is dropping an attempt to buy a big stake in American Airlines, an audacious bid that had received a chilly reception from American.

Older People Dying on Job at Higher Rate Than All Workers

Older people are dying on the job at a higher rate than workers overall, even as the rate of workplace fatalities decreases, according to an Associated Press analysis of federal statistics.

Hundreds Show Up for Jobs at Amazon Warehouses in US Cities

FALL RIVER, Mass. (AP) – Hundreds of people showed up Wednesday for a chance to pack and ship products to Amazon customers, as the e-commerce company held a giant job fair at nearly a dozen U.S. warehouses.

CONSUMER NEWS

Is There Finally Some Relief From Annoying Robocalls?

NEW YORK (AP) – For Michael Rizzo, answering the phone is too often a waste of time.

Leftover Opioids are a Common Dilemma for Surgery Patients

CHICAGO (AP) – Surgery patients often end up with leftover opioid painkillers and store the remaining pills improperly at home, a study suggests.

TECHNOLOGY

Next Big Leap for Apple? – Augmented Reality

SAN FRANCISCO (AP) – Apple's iPhone may be ready for its next big act – as a springboard into "augmented reality," a technology that projects life-like images into real-world settings viewed through a screen.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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