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VOL. 125 | NO. 178 | Tuesday, September 14, 2010

SoFo Hotel Awarded 20-Year Tax Freeze

The Center City Revenue Finance Corp. has awarded a tax freeze to developers planning an 11-story, roughly 300-room hotel across from FedExForum that will save the project more than $15 million in taxes.

'Extremely Depressed'

Construction leaders’ outlook pessimistic

Ask the owners and operators of the largest commercial construction firms in the Memphis area how things are going these days, and it’s hard to get a response that is not pessimistic.

Homebuilding Shows Slight Improvement

Memphis area homebuilders agree that business is looking up, but they also agree that a complete recovery will be slow in coming.

Lending Landscape Remains Bleak

Commercial and residential construction lenders continue to see slow activity from developers, making it unlikely much dirt will get pushed on new projects in the next several months.

Material Costs Shift With Weaker Demand

The federal first-time buyer tax credit that prompted an increase in home sales – and to a lesser extent, new home construction – earlier this year had a similar impact on the price of building materials.

Local Weather
Currently
Memphis, TN
41.0°F
Light Rain
Wind: East at 13.8 mph
Humidity: 96%

EVENTS

LaunchMemphis will present a seminar with author Larry Farrell Tuesday at 7:30 a.m. at EmergeMemphis, 516 Tennessee St. Farrell will speak on the topic “Iteration Trumps Perfection.” Cost is $25. To register, visit www.larryfarrellbreakfast.eventbrite.com.

more events »

County Commission Off To Partisan, Lively Start

Shelby County Commissioners found plenty to debate during their first meeting as a body since six new commissioners took office Sept. 1.

Residents, Biz Owners to Discuss Cleaborn Redevelopment

Residents and business owners in the Vance Avenue area meet Tuesday evening to review plans for the revitalization of the area, including a progress report on the redevelopment of the Cleaborn Homes public housing development.

Church Health Center Seeks $25 Monthly Donations

The cost of a really cheap night out can add up to something significant for Church Health Center.

Midtown Overlay Gets Second Reading

The historic preservation group Memphis Heritage Inc. was on a roll as August was about to end.

Kroger to Build Store In Poplar Plaza

3444 Plaza Ave., Memphis, TN 38111, Permit Amount: $10 Million -
The Kroger Co. has filed a $10 million building permit application for its store at 3444 Plaza Ave. near the corner of Poplar Avenue and Highland Street in Poplar Plaza.

Can Passion Become Poison to Company Growth?

When you’re passionate about your business, it can be downright difficult to be objective. And that lack of objectivity can severely limit your company’s growth.

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet today at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.

NATIONAL BUSINESS

Airlines Late More Often in July Than Year Ago

NEW YORK (AP) – U.S. airlines were late more often in July than a year earlier, but there were only 3 planes stuck for more than three hours, the government said Monday.

Colleges: Freshmen Looking for Career Advice Now

PHILADELPHIA (AP) – As college freshmen nationwide continue exploring their campuses – finding dining halls, laundry rooms, bookstores and gyms – officials at many schools say the newbies are increasingly finding their way to career centers.

Buffett, Ballmer Predict Bright Economic Future

BUTTE, Mont. (AP) – Two of the biggest names in business say they see a bright future for the economy.

NATIONAL POLITICS

Geithner Welcomes GOP Support for Obama's Tax Plan

WASHINGTON (AP) – Treasury Secretary Timothy Geithner said Monday the administration is encouraged to hear Republicans say they would support President Barack Obama's plan to extend tax cuts to the middle class.

Congress to Tread Carefully in Run-Up to Election

WASHINGTON (AP) – Congress returns this week with embattled Democrats torn between trying to show they have the economic answers and fearing the further wrath of voters over new government programs.

Obama Adviser: Jobless Rate Likely to Remain High

WASHINGTON (AP) – The new chairman of President Barack Obama's Council of Economic Advisers says Americans can expect to see the high unemployment rate continue for some time.

Record Gains for US Poverty With Elections Looming

WASHINGTON (AP) – The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama's watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.

New Medicare Chief Speaks Out Against Rationing

WASHINGTON (AP) – The nation's health system can't be transformed by rationing medical care, President Barack Obama's new Medicare chief said Monday in his first major speech.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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