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Editorial Results (free)

1. City Council Approves MATA Funds, Airbnb Tax -

Memphis City Council members approved Tuesday, Sept. 20, a set of six resolutions totaling $7.5 million in capital funding for the Memphis Area Transit Authority. The largest of the resolution is $5 million in city funding to buy 11 new buses. The remaining $2.5 million is the local match to federal funding for other MATA needs, including paratransit buses and public transportation infrastructure including technology.

2. Analysts See M&A in First Horizon Future -

After Bryan Jordan, the top executive at First Tennessee Bank’s parent company, had talked for about 30 minutes earlier this month at the 2016 Barclays Global Financial Services Conference, audience members were polled.

3. Events -

Memphis Reads and its partners will host “Salvage the Bones” author Jesmyn Ward for events Wednesday and Thursday, Sept. 28-29. On Wednesday, Ward will give the Memphis Reads public lecture and sign books at 7 p.m. in the Christian Brothers University theater, 650 East Parkway S. On Thursday, she will participate in an open Q&A  at 6 p.m. in Rhodes College’s McCallum Ballroom, 2000 North Parkway. Visit facebook.com/MemphisReads for details.

4. How the Incredible Shrinking Stock Market Affects Your Fund -

NEW YORK (AP) – More companies don't want you, or any other investor, to buy their stock.

Instead of listing their shares on a stock exchange, businesses are going private or never going public in the first place. Security company ADT, for example, pulled its shares off the market this spring after going private in a nearly $7 billion buyout. Uber, meanwhile, makes it simple for customers to hail a car, but investors can't easily buy a piece of the privately held company, which is valued at more than $60 billion.

5. Music, Rec Facilities in the Works at U of M -

The Tennessee Board of Regents is helping pave the way for the University of Memphis to build a $44 million on-campus music center instead of an already approved biochemistry and biology building.

The TBR has granted the U of M’s request to substitute the music center building project for an earlier request to build a $36 million biochemistry and biology building. Coming in at 40,000 square feet, the music center would be located along Central Avenue, near the school’s Holiday Inn. The request was granted at the Tennessee Board of Regents’ quarterly meeting in Chattanooga Sept. 15-16.

6. City Council Approves MATA Funds, Airbnb Tax -

Memphis City Council members approved Tuesday, Sept. 20, a set of six resolutions totaling $7.5 million in capital funding for the Memphis Area Transit Authority. The largest of the resolutions is $5 million in city funding to buy 11 new buses. The remaining $2.5 million is the local match to federal funding for other MATA needs, including paratransit buses and public transportation infrastructure including technology.

7. Council Sets Stage for Final Pot Ordinance Vote -

With no debate, Memphis City Council members approved Tuesday, Sept. 20, the second of three readings of an ordinance that would allow police officers to write a ticket with a $50 fine for possession of less than a half ounce of marijuana.

8. US Home Construction Slumped in August; Big Dip in the South -

WASHINGTON (AP) – Homebuilders pulled back on construction in the South, causing the pace of August housing starts nationwide to fall to their lowest level in three months.

Despite the monthly decline, construction activity has accelerated for much this year. Builders are increasingly optimistic about sales growth, a reflection of how steady job gains are leading more Americans to purchase new houses and sign leases for new apartments.

9. How Could Your Brand Capitalize on Live-Streaming? -

Since Facebook Live launched in April of this year, live-streaming events have become very popular. While competitor Periscope has been around since early 2015, Facebook has integrated live-streaming directly into the timelines of 1.71 billion users, making these live videos more visible than ever.

10. Historic Mansion Being Restored Into Exclusive French-Asian Restaurant -

The Nineteenth Century Club, one of the last great mansions of Union Avenue, was slated to become a strip mall. Next door to the 107-year-old building is a Taco Bell, which stands on the site of the Nineteenth Century Club’s former ballroom.

11. Memphis City Council to Take Second Vote on Pot Ordinance -

Memphis City Council members vote Tuesday, Sept. 20, on the second of three readings of an ordinance that would allow police to write a citation or ticket for possession of less than a half ounce of marijuana.

12. US Consumer Prices Ticked Up 0.2 Percent in August -

WASHINGTON (AP) – U.S. consumer prices edged up 0.2 percent in August as a surge in medical care offset flat readings for food and energy.

The result follows an unchanged figure in July. Core inflation, which excludes the volatile categories of food and energy, rose 0.3 percent, the Labor Department reported Friday. It was the biggest monthly increase since February. The climb in core inflation was led by a record jump in drug prices and the biggest rise in doctor and hospital charges in a quarter-century.

13. Bank of America Memphis Exec: ‘Everything Has Changed’ -

Mike Frick has hit the decade mark this year in his role as Memphis market president for Bank of America.

14. $4.3M Grant Has MATA Hopeful of Replacing Outdated Buses -

The Memphis Area Transit Authority could add as many as 35 new buses to its fleet, which would reduce its high rate for road failure and maintenance costs.

The buses are possible through a boost in funding for capital expenditure and a recently-announced $4.3 million grant from the Federal Transit Administration.

15. US Manufacturing Output Stumbled in August -

WASHINGTON (AP) – U.S. factory production fell last month amid cutbacks in appliances, home electronics and machinery, threatening hopes for a manufacturing rebound after two previous months of gains.

16. Mason Village Start Seven Years In The Making -

On a hot day in South Memphis, Charles E. Blake, the presiding Bishop of the Memphis-based Church of God in Christ looked through several chain link fences onto open land on both sides of Mason Street – the street named for COGIC founder Charles Mason – and said, “We’ve got space to grow – room to grow.”

17. Fred’s Undergoing Changes After Disappointing Financial Results -

The second quarter has not been kind to retail stocks. Among almost 90 percent of retail companies that reported second-quarter earnings as of Aug. 24, just 3.9 percent surpassed estimates, according to Zacks Investment Research, and barely 4 percent posted higher year-over-year revenue.

18. EDGE Approves Trio of Inner-City Development Loans -

The Finance Committee of the Memphis-Shelby County Economic Development Growth Engine has approved three grants for inner-city businesses.

April House Premier, at 5650 Mt. Moriah Road, will receive an $8,255 Inner City Economic Development loan. The funds will go toward facade improvements and plumbing and electrical upgrades at the 3,400-square-foot restaurant. Through the Workforce Investment Network, April House Premier will also launch an apprenticeship program for young adults interested in the culinary arts.

19. Market Street Sells Interest In Mobile Home Parks -

Less than a month after purchasing a collection of mobile home communities, Memphis Communities LLC has sold a partial interest in the three properties for $2 million.

20. Yancy to Retire From MMBC Continuum -

One of the most influential advocates for minority businesses in Memphis is retiring from that economic development role.

Luke Yancy III, who has been president and CEO of the Mid-South Minority Business Council Continuum for 16 years, will retire in September 2017 to pursue other interests, according to the MMBC Continuum board of directors.

21. Bidding in Online Property Auction Ends at 8 p.m. Friday -

Bidders have until 8 p.m. (CST) Friday, Sept. 9, to bid on properties in the fourth and final online tax sale auction for 2016.

Shelby County government is offering more than 400 residential, commercial and vacant properties at www.CivicSource.com in the sale that began Sept. 7.

22. Study: Memphis Among Cheapest Cities for Startup Costs -

A newly published national study focused on the cost of launching a startup in the U.S. has given props to the startup ecosystem in Memphis, ranking it one of the lowest-cost cities in which to launch a startup.

23. Germantown Moves on New School Site South of Poplar -

The city of Germantown is moving toward a contract on 33 acres of land south of Poplar Avenue for a new elementary school.

The Germantown Board of Mayor and Aldermen vote Monday, Sept. 12, on putting up $33,000 in earnest money toward the purchase of the property, which is on Winchester Road east of Forest Hill-Irene Road, from Regency Homebuilders LLC. The land abuts homes on the east side of Crestwyn Drive.

24. MATA Awarded $4.3M Federal Grant to Replace Buses -

The Memphis Area Transit Authority has secured $4.3 million in federal funding to purchase replacement buses, saving the system money by deploying new transit technology.

The grant from the U.S. Department of Transportation's Federal Transit Administration was announced Thursday, Sept. 8.

25. Sandwich Chain Jimmy John's Sells Majority Stake to Roark -

NEW YORK (AP) – Sandwich chain Jimmy John's Sandwiches says it sold a majority stake in the company to private equity firm Roark Capital Group.

26. Yancy to Retire From MMBC Continuum -

One of the most influential advocates for minority businesses in Memphis is retiring from that economic development role.

Luke Yancy III, who has been president and CEO of the Mid-South Minority Business Council Continuum for 16 years, will retire in September 2017 to pursue other interests, according to the MMBC Continuum board of directors.

27. Enoble Business Capital Offices Sell in Foreclosure -

813 Ridge Lake Blvd.

Memphis, TN 38120

Sale Amount: $9.6 million

Sale Date: Aug. 31, 2016

Buyer: Merchants Capital Real Estate LLC

28. Memphis Brewers Say Success Breeds Success -

Three years after Memphis’ craft brewing scene exploded, the city is poised for immense growth.

“There’s no reason why dozens of breweries couldn’t open in the city,” said Drew Barton, co-founder of Memphis Made Brewing Co.

29. Yancy Retiring From Memphis Minority Business Agency -

One of the most influential advocates for minority businesses in Memphis is retiring from that economic development role.

Luke Yancy III, who has been president and CEO of the Mid-South Minority Business Council Continuum for 16 years, will retire in September 2017 to pursue other interests, according to the MMBC Continuum board of directors.

30. Yancy Retiring From Minority Business Agency -

One of the most influential advocates for minority businesses in Memphis is retiring from that economic development role.

Luke Yancy III, who has been president and CEO of the Mid-South Minority Business Council Continuum for 16 years, will retire in September 2017 to pursue other interests, according to the MMBC Continuum board of directors.

31. Market Street Sells Interest In Mobile Home Parks -

Less than a month after purchasing a collection of mobile home communities, Memphis Communities LLC has sold a partial interest in the three properties for $2 million.

32. Rhodes Honors Judith Haas With Faculty Service Award -

Dr. Judith Haas, associate professor of English at Rhodes College, has been presented the 2016 Jameson M. Jones Award for Outstanding Faculty Service, which honors a current faculty member who has rendered exemplary service and provided leadership to the Rhodes community.
Haas, who joined the Rhodes faculty in 2002, has served as co-director of the college’s post-graduate fellowships and scholarships initiatives; secretary-treasurer for the Rhodes chapter of Phi Beta Kappa; and director of the Gender and Sexuality Studies Program. She also serves on the committee charged with revising the college’s Title IX policy on Sexual Misconduct.

33. Construction Continues At Patterson Flats -

Work continues on the 175-unit Patterson Flats development in Downtown’s South End.

Developer Elmington Capital Group, doing business as ECG Patterson Development LLC, recently filed building permit applications for $13.7 million of new construction between East Butler Avenue and East G.E. Patterson Avenue.

34. Hickory Hill Apartments Sell for $5.6M -

The Serenity Apartments at Hickory Hill have sold for $5.6 million. The 161-unit apartment building was built in 1985. It bears 161,990 square feet and was most recently appraised at $2 million.

Hickory Hills Holding LLC purchased the apartments from Serenity Apartments at Hickory Hill LLC.

35. Enoble Headquarters Sells in Foreclosure -

The four-story office building on Ridge Lake Boulevard that Enoble Business Capital spent $10 million to renovate has sold in foreclosure after its owner, Troika LLC, defaulted on a $9.8 million loan throughFirst Tennessee Bank.

36. Slower Hiring in August Signals Fed Rate Hike Less Likely -

WASHINGTON (AP) – After two months of blockbuster gains, U.S. employers slowed their hiring in August to a modest increase of 151,000, reducing the likelihood that the Federal Reserve will raise interest rates when it meets this month.

37. Enoble's Headquarters Sells in Foreclosure -

The four-story office building on Ridge Lake Boulevard that Enoble Business Capital spent $10 million to renovate has sold in foreclosure after its owner, Troika LLC, defaulted on a $9.8 million loan through First Tennessee Bank.

38. Last Word: Hyde Lake, Global Ministries Exits and Another Big 12 Rumor -

A big day at Shelby Farms Park Thursday as the Heart of the Park renovations were formally opened. And it was also a cause to look back on where the park has come from.

39. Global Ministries Plans to Sell Its Subsidized Housing Portfolio -

Memphis-based Global Ministries Foundation is getting out of the federally subsidized housing game with a move to sell all of its Memphis properties and about half of its nationwide portfolio, which includes complexes in eight states.

40. US Factory Activity Shrinks for First Time in 6 Months -

WASHINGTON (AP) – U.S. manufacturing contracted last month for the first time since February, as new orders and output plummeted and factories cut jobs.

The Institute for Supply Management said Thursday that its manufacturing index dropped to 49.4 in August from 52.6 in July. Any reading below 50 signals contraction.

41. Farrow: ‘You Really Have to Listen to People’ -

It was a defining moment: When Hardy Farrow was a student at George Washington University in Washington, D.C., he became an intern with Teach for America. One day in a D.C. classroom, a fourth-grader asked him about where he went to college, and they began talking. 

42. Nonconnah Center Sale Could Boost Market -

In what is sure to be one of the top commercial real estate transactions of the year, the majority of the 1.2 million-square-foot Nonconnah Corporate Center has sold. ReMark Trust, an out-of-town investment group, purchased the property for $57 million.

43. Cordova’s Parkway Place Sells in Foreclosure -

1250 N. Germantown Parkway

Cordova, TN 38016

Sale Amount: $19.6 million

Sale Date: Aug. 24, 2016

44. Construction Continues At Patterson Flats -

Work continues on the 175-unit Patterson Flats development in Downtown’s South End.

Developer Elmington Capital Group, doing business as ECG Patterson Development LLC, recently filed building permit applications for $13.7 million of new construction between East Butler Avenue and East G.E. Patterson Avenue.

45. Memphis Startup Ecosystem Expands With AgLaunch -

Memphis’ startup ecosystem keeps getting bigger. Four startups have been chosen to participate in the inaugural round of a new agriculture-focused accelerator called AgLaunch. And yet another accelerator is launching soon in a partnership between the Start Co. organization and the city of Memphis focused on minority-owned businesses.

46. Uptown Flats Developer Pulls $9.8M Building Permit -

Uptown will see a newly built apartment building. Nashville-based Elmington Capital Group recently applied for a building permit for its Uptown Flats project, a 155-unit development at the northwest corner of North Main Street and Saffarans Avenue.

47. Council Rejects Residency Requirement Referendum -

Memphis City Council members voted down on third and final reading Tuesday, Aug. 23, a referendum ordinance that would have put a new residency requirement for city employees to voters on the November ballot.

48. State Bonds Sell For Record Low Interest Rate -

The state of Tennessee has completed the sale of approximately $366 million of general obligation bonds for the lowest interest ever negotiated in the state’s history, according to the Comptroller’s Office.

49. Yellen Suggests Rate Hike is Coming, Offers No Timetable -

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Friday that the case for raising interest rates has strengthened in light of a solid job market and an improved outlook for the U.S. economy and inflation. But she stopped short of offering any timetable.

50. US Economy Grew at Tepid 1.1 Percent Pace in Spring -

WASHINGTON (AP) — The U.S. economy expanded at a sluggish 1.1 percent pace this spring as businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment. Yet most analysts forecast much faster growth in the summer and fall, fueled by healthy consumer spending.

51. Last Word: $60 Million, Frozen Graceland and Wreck It Ralph's Return -

The federal government’s problem with a law the Tennessee Legislature passed earlier this year is serious -- $60-million serious.

And Tennessee Gov. Bill Haslam, in Hickory Hill Thursday, said he’s working on a compromise that would have the Legislature undo what it did this year when the new legislative session begins in January.

52. Graceland Holdings to Manage Prince’s Home, Paisley Park -

MINNEAPOLIS (AP) – Paisley Park, the private estate and studio complex of the late rock superstar Prince, will open for daily public tours starting Oct. 6, the trust company overseeing his estate announced Wednesday, and the company that runs Elvis Presley's Graceland will manage it.

53. State Bonds Sell For Record Low Interest Rate -

The state of Tennessee has completed the sale of approximately $366 million of general obligation bonds for the lowest interest ever negotiated in the state’s history, according to the Comptroller’s Office.

54. Council Votes Down Residency Requirement Referendum -

Memphis City Council members voted down on third and final reading Tuesday, Aug. 23, a referendum ordinance that would have put a new residency requirement for city employees to voters on the November ballot.

55. Artspace Begins $17M Affordable Housing Project -

138 & 120 St. Paul Ave.

Memphis, TN 38103

Permit Amount: $10.5 million

Project Cost: $17 million

56. Pair of Churches Planning Adaptive Reuse Projects -

The former Prairie Life/Omni Fitness building in Collierville and a former Schnucks grocery store on Riverdale Road are slated for adaptive reuse projects after being purchased by churches.

The Orchard Church bought the former Prairie Life/Omni Fitness building at 3690 S. Houston Levee Road in Collierville from Hackmeyer Properties for $4.3 million. Tanis Hackmeyer said that her real estate firm structured a creative wraparound mortgage, which allowed the church to take ownership of the property in advance of their capital campaign.

57. Coliseum, Residency Rules Top City Council Day -

Memphis City Council members talk about possible lease terms for the Mid-South Coliseum Tuesday, Aug. 23, during their executive session.

The item – “discussion of Coliseum lease terms” – was added to the committee session agenda on Monday. It comes two weeks after the owners of Wiseacre Brewing Co. outlined to council members a general concept of moving the brewery into the Coliseum and greatly expanding their operations.

58. City, Wiseacre Set to Discuss Brewery’s Proposal for Coliseum -

The first order of business is to figure out what the city and the owners of Wiseacre Brewing Co. are negotiating about when it comes to Wiseacre’s proposal to convert the Mid-South Coliseum into a brewery.

59. Fed Minutes: Conditions Could 'Soon Warrant' A Rate Hike -

WASHINGTON (AP) – Federal Reserve officials believed last month that near-term risks to the U.S. economy had subsided and that an interest rate increase could soon be warranted. But they did not indicate when they would likely raise rates.

60. Largest Multifamily Sale Takes Place for $39.1M -

8285 Irene Blvd.
Memphis 38125

Sale Amount: $39.1 million

Sale Date: Aug. 5, 2016

Buyer: WDC Greens Investment LLC and MEM Greens at Irene LLC

61. You’ve Raised the Money, Now How Do You Keep It? -

Editor’s note: Part one of a two-part interview with Leland FaustFinancial management and investing is critical to the sustainability of nonprofits. As a board member or trustee you have a fiduciary responsibility. But how do you fulfill that responsibility? What do you need to know as it relates to financial management and investment?

62. Tepid Retail Sales Lower Expectations for US Economic Growth -

WASHINGTON (AP) – A sluggish month of retail spending has tempered expectations for the U.S. economy's growth in the coming months.

Consumers pulled back on shopping and eating out in July after three straight solid monthly gains, the government said Friday. Those declines were offset by increases in auto sales and online and catalog sales.

63. Mobile-Home Properties Sell for $9.7M -

Three mobile-home communities have sold for $9.7 million.

Memphis Communities LLC, a company of Market Street Capital, purchased the multifamily properties from Moore Communities in an Aug. 9 warranty deed. The properties include the Pecan Circle Mobile Home Community, at 4340 Raleigh Millington Road in Frayser; Redwood Estates Mobile Home Community, at 1640 Via Roma Drive in Frayser; and Shady Oaks Mobile Home Community, at 7860 Raleigh Millington Road in Millington.

64. M&A Speculation Directed at International Paper -

It took just two words to send shares of Memphis-based International Paper as high as they’ve been all year.

The two words were “Takeover Target,” and – along with a question mark to punctuate the phrase – they were the headline chosen by the financial publication Barron’s to reflect what it said is chatter about the paper and packaging company looking like an acquisition target.

65. NFIB: Small Business Optimism Stagnant -

The National Federation of Independent Business said Tuesday, Aug. 9, its Index of Small Business Optimism rose one-tenth of a point in July to 94.6, showing no real enthusiasm among small businesses for expansion, expected sales and making capital outlays.

66. Hyde Capital Pays $15.4M For 3 Midtown Properties -

New York-based Hyde Capital has purchased three Midtown properties for a combined $15.4 million.

Rosecrest LLC, a company of Hyde Capital, purchased the Rosecrest Apartments from Northland Rosecrest LLC for $8.5 million in an Aug. 5 warranty deed.

67. Greens at Irene Apartments Sold for $39 Million -

The Greens at Irene apartment community in southeast Memphis has sold for $39.1 million.

WDC Greens Investment LLC and MEM Greens at Irene LLC purchased the property from The Greens at Irene L.P. and the Greens at Irene Phase II L.P. in a Aug. 5 warranty deed.

68. Toro: ‘Stay True to the Vision’ -

To talk to Lisa Toro at her business, the coffeehouse and retail store City & State, is to see the energy that she and her husband hoped to help activate in the Broad Avenue neighborhood when they first saw their vintage building.

69. Last Word: SEC and GMF, Wiseacre's Growth and Apartment Action -

The Securities and Exchange Commission has been investigating Global Ministries Foundation since mid-July. The revelation turned up Wednesday in a Memphis Federal Court filing by the receiver appointed to oversee and sell the Tulane and Warren apartments.

70. Hyde Capital Pays $15.4M For 3 Midtown Properties -

New York-based Hyde Capital has purchased three Midtown properties for a combined $15.4 million.

Rosecrest LLC, a company of Hyde Capital, purchased the Rosecrest Apartments from Northland Rosecrest LLC for $8.5 million in an Aug. 5 warranty deed.

71. Greens at Irene Apartments Sells for $39 Million -

The Greens at Irene apartment community in southeast Memphis has sold for $39.1 million.

WDC Greens Investment LLC and MEM Greens at Irene LLC purchased the property from The Greens at Irene L.P. and the Greens at Irene Phase II L.P. in a Aug. 5 warranty deed.

72. Nashville Joins Cities Seeking Major League Soccer Team -

NASHVILLE, Tenn. (AP) — Some Nashville investors and supporters are making a push for Music City to be among the communities awarded expansion franchises by Major League Soccer.

Bill Hagerty, a former state commissioner of economic and community development, and Will Alexander, the son of U.S. Sen. Lamar Alexander, are spearheading the effort called the Nashville MLS Organizing Committee. It includes a bipartisan group of former politicians and leaders of Nashville-area companies.

73. NFIB Optimism Index Remains Stagnant -

The National Federation of Independent Business said Tuesday, Aug. 9, its Index of Small Business Optimism rose one-tenth of a point in July to 94.6, showing no real enthusiasm among small businesses for expansion, expected sales and making capital outlays.

74. FTN Financial Chief Economist: ‘Overdue for Recession’ -

When the Friday, Aug. 5, report on nonfarm payrolls indicated jobs jumped by 255,000 in July – 75,000 more than expected – FTN Financial chief economist Chris Low cautioned that the glass is half empty.

75. Former Start Co. Company Expands to Help Taxis Take on Uber and Lyft -

Helping legacy taxi cab companies compete against entrenched ride-sharing services like Uber and Lyft was always going to be an uphill battle for Cabsolutely, a startup that went through one of the Start Co. accelerators in Memphis in 2014.

76. Editorial: Your November Vote Is Just the Beginning -

Here comes the last election of 2016 – the big one that comes every four years on the first Tuesday in November.

Many of you vote only in this election and skip all of the others in between.

77. Last Word: The One Before November, Defining The Outsider and Stock Exchange -

Election Day arrives in Shelby County.

And this election cycle, in the shadow of the November Presidential general election, has turned out to be pretty interesting.

78. Jernigan Raises Outlook for Earnings -

For Jernigan Capital, the newest Memphis-based public company that provides capital to self-storage entrepreneurs, the period between April and June saw the company achieve a handful of firsts.

Among the results for the second quarter, the company grew its net income to $5.4 million, up significantly from $1.1 million in the first quarter and reversing a Q2 2015 loss of $558,000. The second quarter was also the first time since the company’s April 2015 initial public offering that total income surpassed overhead costs.

79. US Consumer Spending Grew a Solid 0.4 Percent in June -

WASHINGTON (AP) – American consumers turned in another strong month of spending in June despite a decline in spending on autos.

Consumer spending rose a solid 0.4 percent in June after an identical increase in May and a 1 percent surge in April, the Commerce Department said Tuesday. The strength in June came from a surge in spending on nondurable goods, which offset a drop in spending on autos.

80. Nashville Airport Plans $1.2 Billion Renovation -

NASHVILLE, Tenn. (AP) – Nashville International Airport is embarking on a $1.2 billion renovation aimed at changing virtually every aspect of a traveler's experience.

The Tennessean (http://tnne.ws/2aGH9Jc) reports projects planned in the next five to seven years include new parking, more security lines, larger baggage claim and ticketing areas, expanded concourse space and a hotel.

81. US Regulators: Still Heavy Risk in Big Bank Loans -

WASHINGTON (AP) — Federal regulators say risk remains heavy in large loans made by banks and other financial institutions, though lending standards have improved.

The Federal Reserve and other agencies cite increasing risks in loans to oil and gas producers as oil prices have fallen to three-month lows. The regulators said their latest examinations also showed continued high risk from loans made to companies that are already heavily in debt.

82. US GDP Grows a Weak 1.2 Percent in Second Quarter -

WASHINGTON (AP) — Growth in the U.S. economy was sluggish again in the spring, dashing expectations for a robust rebound after a tough winter. Stronger consumer spending was offset by weakness in housing construction and a big slowdown in the pace that businesses restocked store shelves.

83. TAG Truck Center to Occupy Mall of Memphis Land -

4430 American Way

Memphis, TN 38118

Permit Amount: $28 million

Application Date: July 2016

84. Shelby County Schools Budgets – Past and Present – Amended -

The final numbers are in for Shelby County Schools and the quest for funding of the county’s largest public school system.

The SCS board approved Tuesday, July 26, the revised operating and capital budgets for the school system for the fiscal year that began 26 days earlier.

85. Demonstrations Raise Interest in Pending Bike Share Program -

A demonstration bike share station set outside of High Cotton Brewery signaled what Memphis could expect early next year when 60 bike share stations are up and running.

The three B-Cycle bikes, developed by Wisconsin-based Trek Bicycle, were available for impromptu rides in the Edge District. At the event hosted by nonprofit Explore Bike Share, the public was invited to click through the station’s touch screen to sign up for a temporary membership, then swipe an identification card to release a bike from the station and take it for a spin.

86. BBB Names Crowder Director Of Business Development -

Carol Crowder has joined the Better Business Bureau of the Mid-South as director of business development, responsible for increasing the number of BBB-accredited businesses and growing revenue throughout the 28 counties that BBB of the Mid-South serves. She also will work with accredited areas to help them take advantage of BBB services to help them promote and grow their businesses. Crowder has more than 20 years’ experience in sales, marketing and operations. She previously served as an associate director for ALSAC/St. Jude. 

87. Grove Park Building Sells for $8.6 Million -

A Nashville-based investment group has made its first purchase in Memphis. Priam Capital has purchased the Grove Park Building at 4515 Poplar Ave. in East Memphis from GPCTN Investment Co. LLC for $8.6 million.

88. Ioby Starts Campaign For Overton Park Intersection -

Ioby (In Our Backyards), a nonprofit civic crowd-resourcing platform, is kicking off its second annual “Trick Out My Trip” campaign in Memphis Monday, July 25, to address transportation challenges.

89. ‘Why Don’t We Start Our Own?’ -

The diner-style restaurant planned for 2657 Broad Ave. is a bit unique as far as commercial real estate projects go.

Yes, it’s of a piece with the rest of the groundswell of redevelopment and commercial activity that’s transformed Broad into a people-packed arts, retail and restaurant scene. One of those hotspots along the street is the combination coffee shop and retailer City & State, the owners of which have signed a lease at 2657 Broad for their next venture.

90. Ioby Launching Campaign For Overton Park Intersection -

Ioby (In Our Backyards), a nonprofit civic crowd-resourcing platform, is kicking off its second annual “Trick Out My Trip” campaign in Memphis Monday, July 25, to address transportation challenges.

91. Last Word: Return of the Balloon Note, SCS and Migrant Teens & Greensward Doubts -

One of the prime culprits in the housing bubble burst that played a role in the worst economic downturn since the Great Depression is back – the adjustable rate mortgage.

Numbers from Chandler Reports, the real estate information company that is part of The Daily News Publishing Co. Inc, show the number of such loans has spiked in the first half of this year and are the highest they’ve been since 2008, the year after the bubble burst nationally.

92. More Public Funding Comes to Explore Bike Share -

The Center City Development Corp. doubled down on its commitment to launching a bike share program at its July 20 meeting.

93. Threlkeld Says Metropolitan Bank Going Back In Time With New Advisory Service -

A conversation with Metropolitan Bank executives about a new business advisory platform the 9-year-old bank has just launched quickly turned into a talk about how much of a commodity business banking has become.

94. New Center to Capitalize on Strong Retail Demand -

The shopping center at 6450 Poplar Ave. is fully constructed with tenants opening as soon as next month.

95. With Millions Covered, 'Repeal and Replace' Gets Riskier -

WASHINGTON (AP) – As Republicans gather to anoint their presidential ticket in Cleveland, uncompromising opposition to "Obamacare" is getting politically riskier.

Few people were covered under President Barack Obama's health care law when the GOP held its last convention in 2012. Now, Donald Trump's plan to replace the program would make 18 million people uninsured, according to a recent nonpartisan analysis.

96. Turkish Military in Attempted Coup, Prime Minister Says -

ANKARA, Turkey (AP) — A group within Turkey's military has engaged in what appeared to be an attempted coup, the prime minister said, with military jets flying over the capital and reports of vehicles blocking two major bridges in Istanbul.

97. US Consumer Prices, Retail Sales Rose in June -

WASHINGTON (AP) — U.S. consumer prices rose modestly in June as the costs of gasoline and rent kept climbing, while sales at American retailers registered a healthy gain.

The Labor Department said Friday that consumer prices increased 0.2 percent last month, matching the gain in May. Prices are up 1 percent from a year ago, well below the Federal Reserve's 2 percent inflation target.

98. The Week Ahead: July 18-24 -

It’s supposed to get hotter in Memphis this week, which is pretty normal for mid-July, and the coming week brings what could be a hot debate at the Memphis City Council meeting Tuesday on a plan to solve parking on the Overton Park Greensward. That and some other events planned this week include...

99. First Horizon Sees 12 Percent Gain in Net Income -

First Tennessee Bank’s parent company in the just-ended second quarter pulled a repeat of its performance in the first three months of 2016, with profit, earnings per share, loans and deposits all up over where they stood at this time last year.

100. Metropolitan Bank Starts Capital Advisory Unit -

Metropolitan Bank has launched a new business advisory platform.

The 9-year-old bank is expanding on its traditional service offerings with a new unit, Metropolitan Capital Advisors. Longtime Memphis real estate finance professional Rob Threlkeld will head up the unit as senior managing director.