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VOL. TMN-8 | NO. 33 | Saturday, August 8, 2015
Weekly Issue

Fast Lane Flavor

Memphis food truckers share what it takes to run a kitchen on wheels

From a distance, Memphis' food truck operators like Terry and Allison LaRue might seem like the ultimate entrepreneurial renegades.

Wharton Calls Challengers "Thermometer People"

Memphis Mayor A C Wharton Jr. continues to respond more aggressively to criticism from his challengers in the October mayoral election.

Binghampton Retail Plan Goes to Memphis Land Use Board

Neighborhood retail in Binghampton tops the Thursday, Aug. 13, agenda of the Memphis-Shelby County Land Use Control Board.

Grizzlies Owner Robert Pera’s Ubiquiti Hit With $46.7 Million Fraud

Memphis Grizzlies owner Robert Pera's technology company has been hit by fraud, saying in a regulatory filing it lost $46.7 million.

Midtown Easy-Way Could Become Locally Sourced Market

The Midtown Easy-Way location at 596 S. Cooper St., a retail fixture in Cooper-Young for decades, could see new ownership and new life as a market for locally sourced meat and produce.

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High Point Terrace retailers will hold a fundraiser for the family of Memphis police officer Sean Bolton Thursday, Aug. 13, at 5:30 p.m. at High Point Pub, 477 High Point Terrace. The event will feature live music, and hot dogs, hamburgers and sides for sale. All tips and funds placed in the collection jar as well as a percentage of pub sales will be donated. For more information, call 901-237-1658.

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Disney Store's Memphis Distribution Center Sells for $27.5 Million

DDC Investment Inc., a Colorado nonprofit corporation, has acquired The Disney Store’s Memphis distribution operation.

Memphis a Top Contender for OneJet Expansion

When OneJet announces its latest expansion plans Wednesday, Aug. 12, leaders of Memphis International Airport will be listening closely. That’s because Memphis is on the short list to become a main connection city for the air passenger network in the coming months.

EMPHASIS Attorneys

Legal Heat

Attorney advises what employers must do to keep workers safe

A utility vehicle loaded with gear, ladders and lift buckets just isn’t complete without a large water cooler strapped to the rear, especially in the hot Memphis summer.

ADA Marks 25 Years With Accomplishments, Challenges

America is a different place because of the Americans with Disabilities Act, which became the law of the land 25 years ago.

Memphis Divorce Attorneys Prepare for Same-Sex Separations

Memphis attorneys Miles Mason Sr. and Larry Rice have written the book on divorces.


Editorial: Finding a Nonviolent Medium Between Order and Freedom

Many of us didn’t know Sean Bolton. All we have are the memories of those who did.


This week in Memphis history: August 7-13

1985: The Black Merchants Association is promoting black businesses directory of all of the black-owned businesses in town. “One of the major problems facing black businesses, even among black consumers, is the belief that our products and services are inferior,” said Roscoe Dixon, BMA executive director. “Most black businessmen are fighters and scrappers – they’ve had to be because they couldn’t get those bank loans.”

Welcome Back

Memphis-area schools ready for a year without transition

When Shelby County’s public schools open for the first day of the 2015-16 school year, it will mark the first time in three years that there will be no historic, structural changes to the systems themselves.

Haslam Makes Infrastructure Case In Memphis

Tennessee Gov. Bill Haslam is traveling across the state to encourage change in how road projects are funded.

GTx Reports Second-Quarter Loss

Memphis-based biopharmaceutical company GTx Inc. reported a net loss of $48 million in the second quarter, wider than its $10.9 million net loss in second quarter 2014.

Baby Budget

Village or no, women learn it takes a lot of money to raise a child

About $245,000. That’s the estimated cost for raising one child from birth through age 18.

THDA Kicks Off Anti-Blight Loan Effort in Memphis

The latest blight fight effort from city of Memphis leaders is a $6 million partnership with the Tennessee Housing Development Agency.

Memphis Tourism Leaders Outline Convention Center Plans

The short-term plan for a $54 million upgrade and renovation of the Memphis Cook Convention Center through a 1.8 percent increase in the hotel bed tax could be the start of a much larger expansion of the convention center in future years.

Urge to Merge

Memphis health pros respond to big insurers announcing merger deals

First it was big insurer Aetna, announcing it’s reached a deal to buy rival Humana for $34.1 billion. Only a few weeks later, another pair of insurers decided to get hitched, with Anthem announcing it would buy Cigna for $48.4 billion.

Regions Wealth Executive Talks Expansion, Growth Opportunities

Travis LeMonte has been on the job for a little more than two months, but the executive leading Regions Private Wealth Management in West Tennessee already is talking expansion and adding to his team’s wealth management firepower.

Strickland, Collins Clash on DROP Freeze

Two political challengers to Memphis Mayor A C Wharton Jr. clashed Tuesday, Aug. 4, over a plan by his administration to keep the city’s police ranks above the 2,000 mark.

Improving Access

CBU makes $12.5 million commitment to immigrant students

With Hispanics expected to make up 31 percent of the nation’s population by 2060, Christian Brothers University is investing in its growing community by pledging $12.5 million to go toward scholarships for immigrant students whose legal residency status may be in question.

Council Delays Final CLERB Vote Until After Elections, Citing Officer's Death

Memphis City Council members delayed a vote Tuesday, Aug. 4, on new rules for the city’s Civilian Law Enforcement Review Board until after the October city elections.

Coliseum Group Mobilizes With Eye on Memphis Elections

Leaders of the effort to reopen the Mid-South Coliseum are planning another “revival” outside the Fairgrounds arena with political timing and a political purpose.

Carriage Ride

Collierville’s Carriage Crossing is still reeling in retailers

Carriage Crossing is experiencing strong leasing activity and rising sales numbers as it prepares for multinational clothing retailer H&M to open its first Memphis-area location this month.

Wolf River Greenway Targets Raleigh Riverbend

At the northernmost bend of the Wolf River in Shelby County, the Wolf River Conservancy has plans for a boat ramp onto the Wolf and a nature center that together promise to change the surrounding area of Raleigh where the river turns.

Cadence Bank Supports Memphis Organizations with Direct, Indirect Aid

Banks are important community institutions not just for the services they provide – consumer loans, small business financing, etc. – but also for the investment they make in communities.


Redbirds-Turned-Cardinals Enjoy The Big Leagues While They Can

June 26, 2015. Busch Stadium, St. Louis, Mo. Rookie Cardinals infielder Greg Garcia is pinch-hitting for the pitcher in the eighth inning of a game the team trails, 2-1, against the Chicago Cubs.

Faith Rewarded: Tigers QB Lynch Delivers for Fuente

He stands 6-foot-7, has muscled up to 245 pounds, and is coming off an MVP performance in the Tigers’ Miami Beach Bowl victory when he accounted for seven touchdowns.

Missouri Still Overlooked Among SEC Teams

You can take the football team out of the Big 12, but you can’t take the Big 12 out of the football team.

Memphis Tigers’ Young Alumni Ticket Program Returns for Football, Basketball

The University of Memphis wants to keep recent alumni involved and engaged in football and men’s basketball.

Green-Beckham Finds Shade in Mariota’s Shadow

If not for the overwhelming presence of Marcus Mariota in the Tennessee Titans training camp, all eyes would likely be on another rookie trying to make his mark in the NFL.

Preseason Analysis: Vols Will Defeat Oklahoma, Finish 8-4

Tennessee’s football team has something to prove as it concludes the first week of preseason practices and moves forward to the 2015 season.


Scott Sharpe Named CAO Of District Attorney General’s Office

Scott Sharpe recently was named chief administrative officer of the Shelby County District Attorney General’s office following the departure of longtime CAO Priscilla Campbell.


West-Ward Pharmaceutical Plans Distribution Center Expansion

4750 Pleasant Hill Road, Memphis, TN 38116, Loan Amount: $6.1 million -
West-Ward Pharmaceuticals Corp. is expanding its Memphis distribution center.


Tobacco Corner Keeps Fire Going in East Memphis

The Tobacco Corner Ltd. has been holding court at the corner of South Mendenhall Road at Poplar Avenue for more than 40 years.


Hey, I’m Back Here

HOT? GET IN LINE. I have three absolute favorite expressions for hot – everyone who lives in the grits belt needs at least one.

Loving What You Do

Last week, I had an experience that inspired me. I want to share it in hopes that it might inspire your day the way it has mine.

Be Prepared for That Inevitable Computer Crash

Editor’s note: This is the second part of a series on being nimble and proactive with technology in the small-business world.

The Power Of Money

Ray’s Take We talk a lot in this column about how to handle your money. Your choices really do matter. We didn’t make the rules. But sometimes it’s important to remember limitations as well.

Poor Richard’s Appeal

In the first “Poor Richard’s Almanack” (1733), addressed to “Courteous Reader,” Ben Franklin wrote,

The Tortoise and the Hare of Sales

The goal of business development is to create strategic business relationships, which drive revenue and help a company grow.

For Small Businesses, Agility is King

Editor’s note: This is the first column in a two-part series on being nimble and proactive with technology in the small business world.

Is the Market Flourishing Or Flailing Right Now?

4 Percent: On Feb. 4 of this year, the S&P 500 closed at 2,041. In the nearly six months since that date, the S&P 500 has basically been boxed into a trading range. That range has had a floor of 2,040 and a ceiling of 2,130 (an all-time high that was reached on May 21).

Defining ‘Worthy’ Can Be Tricky

We noticed that people – including ourselves – talk about “worthy” causes, and in many ways the phrase is a “seal of approval.”

Ethnography Alone Cannot Generate Transformative Insights

Consumer anthropology offers such refreshing insights into the marketplace, re-humanizing the relationship between people, things and stores in very profound and moving ways. This movement also has helped stores get their noses out of spreadsheet and theories and keep their eye on the customer experience.

‘Famous Last Words’ for a Business

There is a reason they are called ‘famous last words.’ They are the desperate epitaphs of what is, and what is about to change.

Nashville Edition

Nashville Hospitality Stats Continue to Amaze

With room rates higher than ever, an increased number of impressive venues competing for private party business and award-winning chefs earning awards and catching the attention of national publications, Nashville’s cache is hotter than its native hot chicken. Well, almost as hot.

Best Hotel Rooms in Nashville – With or Without Helicopter

Tod Roadarmel, director of sales and marketing for the nearly 2-year-old Omni Hotel downtown, is awestruck by the vitality of Nashville’s hospitality industry. In town since 1988, he remembers when pre-Bridgestone Arena Broadway was not a place you’d want to be late at night.

Party in Style at Schermerhorn, Hall of Fame, Other Top Nashville Venues

When showing off Nashville to business associates, family and friends, doing so at a swanky location with some Music City cache is sure to hammer home exactly why everyone wants to be here right now.

Greatest Restaurants in Nashville? Too Many Choices

Country music isn’t the only big draw in Nashville these days. The city is at the top of its food game and has become a popular destination for food lovers across the country.

Want Taylor Swift to Perform at Your Party? It'll Cost You $1 Million

Pam Tillis has one of the greatest voices in country music, and if you’ve got $20,000 in your entertainment budget, you might be able to hire her for your private party.

Outbid on Your Dream House? Just Wait for Deal to Fall Through

The real estate market remains frenzied with every passing week, with multiple-offer scenarios on numerous listings. As has been noted in this column, these spontaneous sales have often led to buyer’s remorse and, as a result, more terminated contracts than ever before.

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Blog News, Training & Events
PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762

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