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VOL. 130 | NO. 184 | Tuesday, September 22, 2015

Downtown Memphis Committee Nominates Morris' Successor

The search committee tasked to find a new Downtown Memphis Commission president has selected Memphian Terence Patterson to fill the job. Patterson is currently the education program director of the Hyde Family Foundations and treasurer of the Center City Development Corp.

ECD Commissioner: Memphis Megasite is Tennessee's 'Greatest Asset'

The Tennessee Department of Economic and Community Development is getting serious about the Memphis Regional Megasite with new promotional materials intended to attract a major original equipment manufacturer.

AutoZone Profit Up 7.4 Percent in Fiscal Fourth Quarter

Memphis-based auto parts retailer AutoZone Inc. has been scoring double-digit earnings-per-share growth every quarter for nine years running, a trend that predates Apple’s introduction of the first iPhone in 2007.

First Tennessee Introducing Chip-Enabled Cards Next Month

Following up on its promise in 2014 to introduce chip cards this year, First Tennessee Bank said Tuesday, Sept. 22, it plans to roll out a more secure kind of plastic for customers starting next month.

Hotel Density Fuels Memphis Convention Center Ambitions

The best indicator that the national recession was lifting in Memphis was the emergence this year of numerous plans for new hotels and motels.

Local Weather
Currently
Memphis, TN
63.0°F
Mostly Cloudy
Wind: South at 8.1 mph
Humidity: 70%

EVENTS

Downtown Memphis Commission executive search committee will meet Tuesday, Sept. 22, at noon at the DMC office, 114 N. Main St. Visit downtownmemphiscommission.com.

more events »

Memphis Poised to Become Regional Anchor for Entrepreneurs

A federal agency’s attention to Memphis’ entrepreneurial ecosystem could bring stronger investment and resources for startups.

Local, National Fourth-Quarter Jobs Outlook Rises

It’s been a long road to economic recovery since the Great Recession struck seven years ago.

Wharton Reintroduces Detroit Specter as Early Voting Begins

When the city of Memphis got an unmistakable warning in May 2013 from Tennessee comptroller Justin Wilson to get its financial house in order, Memphis mayor A C Wharton was among those quick to caution against likening the city’s problems to those of Detroit.

More Music Festivals on the Way in Memphis

Memphis continues to be filled with the sound of music – specifically, music festivals – with a handful on the docket in coming weeks that will fill stages Downtown as well as the Levitt Shell and elsewhere.

SPORTS

Ole Miss Rebels Prove Their Worth, Rewarded With Rankings Boost

Underdogs sometimes receive great pre-game speeches. But in the Ole Miss locker room Saturday, Sept. 18, at Bryant-Denny Stadium, there was no sense that the Rebels were about to try and make a miracle, or that it would take one to beat then-No. 2-ranked Alabama.

REAL ESTATE RECAP

Highland Row Developer Seeks Permit for Parking Garage

Highland Row, Parking Garage, Permit Amount: $5 million -
Indianapolis-based developer Milhaus Development LLC and Memphis-based Poag Shopping Centers LLC have pulled a $5 million building permit as they continue developing the new Highland Row urban infill development.

LOCAL COLUMNISTS

Walking a Mile in Her Shoes

“What size shoes do you wear?” That was what we heard. We saw a well-dressed woman casually take off her sneakers and give them to a woman who appeared to be homeless. Both were getting cream and sugar for their coffee at the Starbucks on Union Avenue. One walked out with designer sneakers on her feet and the other got into her car wearing socks.

MEMPHIS AREA

Southaven Debates Solutions to Declining Property

SOUTHAVEN, Miss. (AP) — Southaven is wrestling with how to address blighted property, and answers aren't coming easily.

STATE GOVERNMENT

Haslam Paying $612,000 Annually to 3 Outsourcing Consultants

NASHVILLE, Tenn. (AP) — Three part-time outsourcing consultants stand to be paid $612,000 annually by the state even as Republican Gov. Bill Haslam insists that no decision has been made about privatization efforts.

Haslam Hosts Summit to Discuss Improving Graduation Rates

NASHVILLE, Tenn. (AP) — Gov. Bill Haslam has convened higher education and workforce leaders to discuss his initiative to improve graduation rates in Tennessee.

NATIONAL BUSINESS

VW Chief 'Sorry' After EPA Says Firm Skirted Clean Air Law

WASHINGTON (AP) — The CEO of Volkswagen apologized Sunday and VW customers said they felt duped after the Environmental Protection Agency revealed that the German automaker skirted clean air rules by rigging emissions tests for about 500,000 diesel cars.

REAL ESTATE

US Home Sales Slide in August After 3 Months of Solid Gains

WASHINGTON (AP) — U.S. home sales slid in August by the most since January as tight supplies and rising prices discouraged potential buyers.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 31 327 17,870
MORTGAGES 49 409 20,835
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 129 800 36,616
BANKRUPTCIES 51 243 11,925
BUSINESS LICENSES 21 117 5,677
UTILITY CONNECTIONS 41 215 12,248
MARRIAGE LICENSES 29 121 4,478

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