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Editorial Results (free)

1. 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.

2. ‘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.

3. 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.

4. 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.

5. 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.

6. 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.

7. US Gives Tentative OK to Flights to Cuba From 10 US Cities -

WASHINGTON (AP) – The U.S. government on Thursday tentatively approved scheduled commercial airline service to Havana from 10 American cities, further bridging the gulf between countries as close as 90 miles and an hour flight but long kept at a greater distance by the Cold War.

8. Chinese Imports Push Up US Trade Deficit in May -

WASHINGTON (AP) – The U.S. trade deficit climbed in May as a surge in imports of Chinese-made cellphones and computers pushed the politically sensitive imbalance with China to the highest level in six months.

9. Chinese Imports Push Up US Trade Deficit in May -

WASHINGTON (AP) – The U.S. trade deficit climbed in May as a surge in imports of Chinese-made cellphones and computers pushed the politically sensitive imbalance with China to the highest level in six months.

10. South End Gets a $15 Million Apartment Complex -

250 E. G.E. Patterson Ave.
Memphis, TN 38126

Permit Amount: $14.6 million

Owner: Elmington Capital Group

11. Memphis International Raceway Readies for World Series of Drag Racing -

No one is suggesting that Memphis International Raceway will duplicate the economic impact numbers generated by the Bristol Motor Speedway. For those numbers – more than $417 million in direct economic impact from 2012 to 2014 – are otherworldly.

12. First Horizon CFO Touts Growth Opportunities, Conservative Approach -

The chief financial officer of First Tennessee Bank’s parent company took a message of expansion, of stronger loan portfolios and being smarter than the competition about which deals to pursue in a meeting with analysts in New York City earlier this month.

13. Frayser Targeted as Pilot Area for Citywide Fight Against Blight -

Last week, a wrecking team demolished a single-family home in the Washington Heights neighborhood in South Memphis. The effort, organized by United Housing Inc. and backed by the U.S. Department of Treasury, was the first of its kind to take place.

14. Memphis Financial Pros Brace for More Brexit Fallout -

Markets are a little like patients going in for a medical checkup. Neither one likes big surprises.

Nevertheless, that’s what everyone got at week’s end after the United Kingdom voted to pull out of the European Union. And the first phone call that First Tennessee Bank chief investment officer Jerry Laurain got on the morning after the unexpected vote result was the kind investment professionals always brace for after market-moving shocks.

15. House Speaker Ryan Proposes Simpler Tax Code -

WASHINGTON (AP) – House Republicans led by Speaker Paul Ryan unveiled a plan for a simpler tax code, the sixth and last installment of a GOP agenda designed to be a policy counterpoint to the personality-driven campaign of Donald Trump.

16. Women-Led Angel Investment Network Launches -

The husband-and-wife team behind the Broad Avenue retailer City & State – Lisa and Luis Toro – are preparing to open another business in the neighborhood, a diner-style restaurant at 2657 Broad.

17. Last Word: The Fragile Compromise, Late by Train and NY Times on Chips Moman -

It looks like there is a deal to fully fund the Shelby County Schools system’s budget. But don’t look at the deal too long because it is very fragile.

It unraveled a bit within an hour after this got thrashed out in marathon Wednesday committee sessions by the Shelby County Commission.

18. Banc3 Touts Niche, Inks Its First Acquisition -

The way longtime Memphis banking executive Frank Cianciola thinks a community bank ought to organize itself and how it should be run in today’s bank climate is right there in his new company’s name.

19. Parking Was Key in ServiceMaster Deal -

Parking concerns for ServiceMaster Global Holdings’ move to Downtown Memphis have been resolved.

On June 14, the Downtown Parking Authority granted ServiceMaster access to the parking garage at 250 Peabody Place.

20. Goldman Sachs Dips Toe Into Consumer Banking -

Goldman Sachs, known for financing mega-deals and servicing the ultra-wealthy, is now open to the general public. And its interest in the average American appears to be mutual as thousands of consumers have flocked to its new retail banking service.

21. Dignity, Honor, Respect: A Fundraising Success Story -

Do not underestimate the vision, power and tenacity of grassroots community organizations. We have seen firsthand how a well-defined vision can transform a community and the lives of its residents.

22. The Week Ahead: June 13-19 -

Let’s get this week started, Memphis! Here’s our roundup of local happenings you need to know about, from decisions about ServiceMaster incentives to the ultimate dodgeball tournament.

23. US Job Openings Rise, Yet Employers Cut Back on Filling Them -

WASHINGTON (AP) – U.S. employers advertised the most open jobs in nine months in April but pulled back on filling them, a sign of caution that may reflect concerns about tepid economic growth.

24. Strickland’s Leadership Style Emerging -

Five months into his four-year term as Memphis mayor, Jim Strickland has his first budget and all but one of his major appointments made – Memphis Police director. The budget cleared the Memphis City Council Tuesday, June 7, with a few minor amendments from council members, next to no debate and no dissenting council votes.

25. Corrections Officers Want Commission to Increase Pay -

Shelby County Commissioners approved a stable county property tax rate of $4.37 Monday, June 6, on the first of three readings and set the stage for final budget deliberations in committee sessions next week.

26. Last Word: A Different Aftermath and Trolleys Aren't Just for Tourists -

A week that will likely end with the funeral of a Memphis Police officer began with a discussion about violent crime that is even at this early point proving to be different from the past discussions we’ve had at times like these.

27. Commission Adds To Budget Decisions, Backs Herenton Juvenile Offender Schools -

Shelby County Commissioners approved a stable county property tax rate of $4.37 Monday, June 6, on the first of three readings and set the stage for final budget deliberations in committee sessions next week.

28. Commission Adds To Budget Decisions, Backs Herenton Juvenile Offender Schools -

Shelby County Commissioners approved a stable county property tax rate of $4.37 Monday, June 6, on the first of three readings and set the stage for final budget deliberations in committee sessions next week.

29. City Council Could End Budget Season Tuesday -

The Memphis City Council should end its budget season Tuesday, June 3, with final votes on three resolutions and two ordinances that approve the city’s operating and capital budgets, and keep the city property tax rate at its current $3.40 – all for the fiscal year that begins July 1.

30. The Week Ahead: June 6-12 -

Time to get this week started, Memphis! There’s plenty to keep you busy in this week’s roundup of need-to-know happenings, from the 50th anniversary of a seminal civil rights moment to a blast from the '80s-movie past...

31. ServiceMaster Disrupting Its Culture With Move Downtown -

ServiceMaster is converting Peabody Place into a corporate headquarters that would rival a Silicon Valley tech outfit.

On Friday, June 3, ServiceMaster laid to rest months of speculation about whether the company would relocate to a larger city like Atlanta or Dallas. Memphis’ available Class A office space can’t currently accommodate ServiceMaster’s needs, so it looked to the retail sector for its new home.

32. County Commission Explores Wheel Tax Shift -

Shelby County Commissioners set the stage in Wednesday, June 1, committee sessions to take the first of three votes Monday on a stable $4.37 county property tax rate.

But the commission will put off a vote on the county operating budget to further discuss a shift of revenue from the county wheel tax.

33. ‘Critical Mass’ -

Shelby County Schools superintendent Dorsey Hopson calls it “a brave new world” after four years of unprecedented changes: the merger and demerger of the county’s public schools systems, the rise of charter schools, the formation of both the state-run Achievement School District and locally run Innovation Zone model, and declining SCS enrollment.

34. Last Word: South Main and Main, More Wheel Tax Mileage and City Hall Shark Tank -

When we talk about South Main these days and all that is happening in that area, we aren’t talking about Main Street Memphis further south of that, even though it’s the same road.

35. County Commission Explores Wheel Tax Shift for Schools -

Shelby County Commissioners set the stage in Wednesday, June 1, committee sessions to take the first of three votes Monday on a stable $4.37 county property tax rate.

But the commission will put off a vote on the county operating budget to further discuss a shift of revenue from the county wheel tax.

36. UT’s Legislative Spanking Could Have Been Worse -

In a state where many people bleed orange, the University of Tennessee found itself in an unusual position during the 2016 legislative session: fighting for its life.

The folks representing Rocky Top, typically a sacred cow, had to battle for respect after emails surfaced from UT-Knoxville’s Office of Diversity and Inclusion urging teachers to use gender-neutral pronouns for transgender students and to downplay Christmas during holiday parties.

37. Nordstrom Rack-Anchored Center Gets $15.5M Construction -

4572 Poplar Ave.
Memphis, TN 38117

Permit Amount: $10.5 million

Project Cost: $15.5 million

Completion: Fall 2017

38. County Commission Explores Wheel Tax Shift For SCS -

Shelby County Commissioners set the stage in Wednesday, June 1, committee sessions to take the first of three votes Monday on a stable $4.37 county property tax rate.

But the commission will put off a vote on the county operating budget to further discuss a shift of revenue from the county wheel tax.

39. Last Word: As The Wheel Tax Turns, New Zoo Poll and Once Every Dozen Years -

When the school year ends, that’s not necessarily when leaders of school systems can take it easy.

That’s because the business of school systems is about looking months if not years ahead on your mental calendar.

40. Council Committee Recommends Pay Raises Beyond Fire and Police -

It took six hours. But the Memphis City Council’s budget committee completed its budget reviews Tuesday, May 31, with a recommendation of a 1.5 percent pay raise for city employees other than fire and police and $300,000 in grant funding to hire a full-time director for the Whitehaven Economic Development Council.

41. Clark Tower Undergoing $1.2M Lobby Renovation -

Clark Tower’s lobby is getting a facelift.

Dan Walker Associates Inc. recently filed a $1.2 million building permit for “existing first floor lobby renovation” at the East Memphis tower.

42. US Consumer Spending Scores Biggest Jump in 6 Years -

WASHINGTON (AP) – Consumer spending surged in April by the largest amount in more than six years, led by a big jump in purchases of autos and other durable goods.

Consumer spending rose 1 percent last month after a flat reading in March, the Commerce Department reported Tuesday. Incomes were up a solid 0.4 percent, matching the March gain. Wages and salaries, the most important component of incomes, gained 0.5 percent.

43. Last Word: Downtown Crime Discussions, Greensward Arrests and Lead Pipes -

An after-midnight stampede on Beale Street a week after one person was killed and two other people were wounded in a random shooting a block north of the entertainment district.

Summer is here by tradition if not by the calendar just yet. And Downtown there is already a debate behind the frequent declaration that Downtown is the safest area of the city.

44. Fast Money: Banks Making It Easier to Split the Tab -

NEW YORK (AP) – Splitting the bill for those pizzas you shared with your buddies or that utility bill that is suddenly due is going to get easier and faster even if you don't all use the same bank.

45. Paragon Bank Reports Another Record Quarter -

For Paragon Bank, the first quarter of 2016 was the most profitable in the bank’s more-than-10-year history.

46. Snapshot: How Memphis-Based Public Companies are Faring -

Acquisitions have been a common theme among many Memphis-based public companies the past few quarters. Here is a roundup of those transactions and other business highlights from each of the companies.

47. Innovating Health -

Dr. Guy Reed’s Memphis-based medical startup hit a big milestone toward the end of 2015, when Japanese pharmaceutical company Daiichi Sankyo reached a deal to license the company’s technology.

48. Last Word: Graduation Day, St. Jude's New Office Tower and Another Bike Map -

The chances are pretty good that you encountered someone in a cap and gown this weekend.

It is graduation season and Shelby County Schools kicked it off Saturday with 14 high school graduations – that’s in one day.

49. Paragon Bank Reports Another Record Quarter -

For Paragon Bank, the first quarter of 2016 was the most profitable in the bank’s more-than-10-year history.

50. Medical Device Startup Founders Flock To Memphis for ZeroTo510 Cohort -

It was during a hospital stay for severe abdominal pain while Srinath Vaddepally was studying for his master’s degree that he got an idea for the product and company that would eventually bring him to Memphis.

51. Editorial: Look at the ‘Grand Plan,’ Then Look Beyond It -

From a supermarket to a community center. From a produce section to a climbing wall. That is now the plan for a major part of the Soulsville redevelopment.

It’s easy to be skeptical at moments like this. Part of the skepticism comes from a long civic experience of well-meaning people who have come to our city with the goal of doing something for us that they believed we should do but imagined we couldn’t or wouldn’t do.

52. One Family -

An unprecedented private investment aims to restore a commercial heart to the Soulsville USA neighborhood, where a pair of sprawling buildings take up nearly a full block across from the Stax Museum of American Soul Music. It isn’t an eyesore, but inactivity within those walls has been a drag on the community.

53. Mud Island Search Becomes Dilemma -

The Riverfront Development Corp.’s time before the Memphis City Council’s budget committee this week was short.

54. EDGE OKs Fast Track PILOT Program -

The board of the Memphis-Shelby County Economic Development Growth Engine has approved a new tax incentive package designed to give Memphis a more competitive edge against North Mississippi.

The EDGE board green-lighted the Fast Track PILOT program at its Wednesday, May 18, meeting, making it EDGE’s fifth payment-in-lieu-of-taxes program.

55. Last Word: $4.8 Billion of TNT, North Parkway Complications and Graceland West -

FedEx sets a date next week for its acquisition of TNT Express – a $4.8 billion deal that was approved by TNT shareholders Wednesday.

56. Poplar Place Apartments Sell for $15.3 Million -

1669 Randolph Place
Memphis, TN 38120

Sale Amount: $15.3 million

Sale Date: May 6

Buyer: Poplar Place TN Townhomes LLC

57. City Sells Old Police Building to NCE Realty -

The company that had the only bid Tuesday, May 17, on the old Central Police Building at 128 Adams Avenue still has to close on the deal with the city of Memphis.

58. Council Sells Former Police HQ for $2 Million -

Memphis City Council members approved Tuesday, May 17, the sale of the old Central Police building at 128 Adams Ave. for $2 million to NCE Realty and Capital Group LLC for development as a boutique hotel.

59. Council Sells Former Police HQ for $2 Million -

Memphis City Council members approved Tuesday, May 17, the sale of the old Central Police building at 128 Adams Ave. for $2 million to NCE Realty and Capital Group LLC for development as a boutique hotel.

60. US Builders Increase Home Construction in April -

WASHINGTON (AP) – Builders ramped up construction of new homes in April, suggesting that the market remains solid despite sluggish economic growth at the beginning of the year.

Housing starts climbed 6.6 percent to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department said Tuesday. The increase makes up for much of March's 9.4 percent drop in starts, a decline that partially reflected the volatile swings in residential construction on a monthly basis.

61. SCS Budget Quest About More Than Dollar Figures -

When the Shelby County Commission meets next week to look over the budget proposal approved Monday, May 16, by the Shelby County Schools board, there will be a debate that goes beyond the bottom line dollar figures and line items.

62. Council Auctions Old Police Building -

The city holds a rare auction at the Tuesday, May 17, session of the Memphis City Council, selling the old Central Police building at 128 Adams Ave. to the highest bidder.

63. Cordova Wingate Sells for $6 Million -

A Cordova hotel has sold for $6 million.

Amber Hospitality LLC purchased the Wingate by Wyndham hotel from Tirupati LP in a May 5 warranty deed. The three-story hotel, built in 1998 at 2270 North Germantown Parkway, bears 55,932 square feet, according to the Shelby County Assessor of Property. It most recently was appraised at $2.6 million.

64. Opera Memphis: If You Sing – Anywhere – They Will Listen -

For everything else opera might be, Ned Canty has made it his business to see opera as opportunity.

The general director for Opera Memphis, when Canty came to town five years ago the company was in decline.

65. Cordova Wingate Sells for $6 Million -

A Cordova hotel has sold for $6 million.

Amber Hospitality LLC purchased the Wingate by Wyndham hotel from Tirupati LP in a May 5 warranty deed. The three-story hotel, built in 1998 at 2270 North Germantown Parkway, bears 55,932 square feet, according to the Shelby County Assessor of Property. It most recently was appraised at $2.6 million.

66. Last Word: The Airport and Hotels, Loans and Musicians and Underground in Town -

That didn’t take long. Fired one day, hired the next for Dave Joerger now formerly of the Grizz.

67. County Commission Debates Body Cam Compromise, Minority Business Contracts -

Shelby County Commissioners approved Monday, May 9, three temporary positions for the Shelby County District Attorney General’s office toward the roll out of Memphis Police Department body cameras.

68. County Commission Debates Body Cam Compromise, Minority Business Contracts -

Shelby County Commissioners approved Monday, May 9, three temporary positions for the Shelby County District Attorney General’s office toward the roll out of Memphis Police Department body cameras.

69. The Power and Time of Volunteers -

“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.”

– Abraham Lincoln

“I wish someone would take care of all the details.” Such is the lament of fundraising staff who stagger under the weight of neverending activities and details. They try to keep it all together, to “dot the I’s and cross the T’s.” And yet it feels impossible.

70. Memphis Musician Loan Program Awards First Loan -

Memphis musician and Beale Street fixture Eric Hughes is finishing his latest album with help from a non-traditional source.

71. Last Word: Behind Grit N Grind, Brooks at 100 and Massacre -

This is a 12-month-a-year basketball town. There’s the season, possibly a post season, which by NBA standards is a second season. (Yep, they are still playing.) And then there is the rest of the year when whatever has been about to boil over behind the façade of sports clichés finally begins to spill out into the open.

72. Hiring Slowdown in April May Signal Caution About US Economy -

WASHINGTON (AP) – American employers signaled their caution about a sluggish economy by slowing their pace of hiring in April after months of robust job growth.

At the same time, companies raised pay, and their employees worked more hours – a combination that lifted income and, if sustained, could quicken the U.S. expansion.

73. Trustmark Bank Pursuing Share Buyback Program -

The parent company of Trustmark Bank earned $27 million in net income in the first quarter.

On the heels of its earnings announcement, Trustmark’s board also declared a quarterly cash dividend of $0.23 per share, payable June 15.

74. Memphis Consultant Says Airport Area ‘Gone’ for Hotel Development -

One of the last remaining hotels near Memphis International Airport has sold in foreclosure for the second time in less than five years.

Chuck Pinkowski, a local hotel consultant with Pinkowski & Co., said that a multimillion-dollar renovation couldn’t save the Holiday Inn from a declining hotel market.

75. Last Word: Mall Demo, Defining 'Fringe Element' and Herenton's New Path -

Once upon a time there were three “town centers” planned by the city of Memphis.

City facilities like libraries and police precincts would be the anchors and encourage private retail development in them.

76. Herenton Pitches Two New Schools For Juvenile Offenders -

Former Memphis Mayor Willie Herenton began Wednesday, May 4, with an appeal that got the attention of Shelby County Commissioners. “We don’t want your money,” he told 11 of the 13 commissioners in committee sessions as he pitched two new residential campuses for children in juvenile detention.

77. Startup Teams Announced for ‘Summer Of Acceleration’ -

Monday, May 2, marked Day One of Memphis’ first “summer of acceleration,” a joint program of seven startup accelerators running concurrently that have collectively drawn the participation of 18 startup teams and dozens of founders hailing from as far away as Slovenia and Israel.

78. Trustmark Bank Pursuing Share Buyback Program -

The parent company of Trustmark Bank earned $27 million in net income in the first quarter.

On the heels of its earnings announcement, Trustmark’s board also declared a quarterly cash dividend of $0.23 per share, payable June 15.

79. City Council Set for First Property Tax Rate Vote -

Memphis City Council members begin setting the stage for the approval of city operating and capital budgets when they meet Tuesday, May 3.

The council agenda includes first-reading votes on two ordinances that are placeholders for the basic passage of tax rates and the allocation of parts of the rate.

80. Federal Regulators Close Memphis-Based Bank -

Trust Co. Bank of Memphis has failed, with state and federal regulators announcing Friday, April 29, they had closed all four branches of the West Tennessee financial institution and arranged a purchase agreement to protect depositors.

81. New City Council Learns Ways of Budget Season Quickly -

There are 3,000 miles of street curbs in Memphis. Figures like this are the basic elements of budget season at City Hall.

They are how 13 Memphis City Council members – seven of them four months into their first four-year term of office – wrap their heads around an $85.3 million capital budget proposal and a $667 million operating budget proposal.

82. Commission Approves Houston High Project -

Shelby County Commissioners approved Monday, April 25, the Germantown Municipal School Dis-trict’s use of $196,521 for a repaving project at Houston High School. The county capital funding is left from HVAC renovations at Dogwood Elementary School.

83. Financial Adviser, To Millennial Investors: Don’t Rush -

As a financial adviser with Morgan Stanley Global Wealth Management in Memphis, Kevin Kimery’s vantage point gives him visibility into the full spectrum of investment behaviors and client types – as well as common mistakes he sees new investors make.

84. Grand Carousel’s New Home Ready for Construction -

By mid-summer 2017, the historic Memphis Grand Carousel will be spinning in its new home at the Children’s Museum of Memphis.

On April 27, designshop pllc garnered the necessary approvals from the Board of Adjustment to begin work on a 20,000-square-foot addition to the Midtown museum to house the carousel and event rentals. The new building on the northwest corner of the campus will connect to the existing museum and older administration building.

85. Fed Keeps Key Rate Unchanged; No Hint on Timing of Next Hike -

WASHINGTON (AP) – The Federal Reserve kept a key interest rate unchanged Wednesday against the backdrop of a slowdown in U.S. and global growth and provided no hint of when its next rate hike may occur.

86. US Consumer Confidence Slips in April -

WASHINGTON (AP) – U.S. consumers were feeling a little less confident in April, even though the stock market was rebounding from its February lows.

The Conference Board said Tuesday its consumer confidence index dropped to 94.2 this month after rising to 96.1 in March.

87. Commission Approves Houston High Project -

Shelby County Commissioners approved Monday, April 25, the Germantown Municipal School District’s use of $196,521 for a repaving project at Houston High School. The county capital funding is left from HVAC renovations at Dogwood Elementary School.

88. County Commission Delays Vote on Police Body Camera Positions -

Shelby County Commissioners put off a vote Monday, April 25, on funding related to police in-car and body cameras for the District Attorney General’s office.

Commissioners voted 10-1 to send the item back to committee for a discussion that will center on what the larger plan is for more than equipping Memphis Police officers with the cameras.

89. The Week Ahead -

It’s a new week that ends with Music Fest, Memphis! Here’s a roundup of other local happenings you need to know about, from some important government meetings, to corporate earnings reports and a new exhibit set to open at the Memphis Zoo.

90. Before Successes, Loeb Started from Zero – Twice -

Barreling down Madison Avenue in a black corduroy blazer and a pert, pink pocket square, Bob Loeb seems distracted. Then I realize: he’s editing. Move that tree, put a mural there. Tear that down, build that up.

91. EDGE Considering Fast-Track Incentive Program, Diversity Spend Changes -

The Memphis-Shelby County Economic Development Growth Engine has started work on a new tax incentive program that would help Memphis compete with North Mississippi for industrial projects.

At its April 20 meeting, EDGE board chairman Al Bright appointed a committee to evaluate a proposed Fast Track PILOT and hammer out its policies and procedures.

92. $12.6M Building Permit For New Ballet Memphis HQ -

2144 Madison Ave.
Memphis, TN 38104
Permit Amount: $12.6 million

Owner: Ballet Memphis
Tenant: Ballet Memphis
Architect: Archimania
Contractor: Grinder, Taber & Grinder
Details: Ballet Memphis is setting the stage for its Overton Square headquarters as Grinder, Taber & Grinder recently applied for a $12.6 million building permit for new construction.

93. City Budget Season Begins With the Basics -

The Memphis City Council Budget Committee begins its work next week with afternoon sessions that lead to a goal of a June 7 council vote on Memphis Mayor Jim Strickland’s first budget proposal.

94. Memphis' Startup Accelerators Teaming Up This Summer -

For several years now, Memphis hasn’t been home to a unified hub of startup companies and activities so much as a collection of startup archipelagos, the disparate factions of activity sometimes duplicating the work of other groups.

95. Last Word: Budget Basics, A Peak At Greensward Mediation and Elvis & Nixon -

Spurs 94 – Grizzlies 68 in game 2 of the NBA playoffs. The TNT post-game show just showed the highlights of the game while Shaq and Charles Barkley talked about how big the women are in San Antonio. I’m not making this up. They didn’t even try to talk about the game. This is just grim.

96. Strickland Defines 'Brilliant at the Basics' $667M Budget Plan -

Memphis Mayor Jim Strickland took a $667 million operating budget proposal to Memphis City Council members Tuesday, April 19, that keeps the property rate stable at $3.40.

97. Faropoint Purchases Cordova Retail Center -

Israel-based Faropoint Investments has made its second Memphis purchase this year. The real estate investment firm, acting as Germantown Square Retail Co., bought a Cordova shopping center from NPK Cordova LLC for $9.7 million, according to an April 15 warranty deed.

98. First Horizon Reverses Loss in First Quarter -

With its first quarter results, First Tennessee Bank’s parent company is off to the kind of start to the year any large banking organization would love to report – a reversal of losses, abundant capital to deploy and metrics like loans and deposits trending in the right direction.

99. This Week in Memphis History: April 15-21 -

2014: Memphis Police Director Toney Armstrong announces he will retire in 2017 and has enrolled in the city’s deferred retirement option plan. The retirement date depends on Memphis Mayor A C Wharton winning re-election in 2015 or Wharton’s successor keeping Armstrong on until retirement.
Wharton loses his re-election bid, and in November 2015, new mayor Jim Strickland names Armstrong interim police director while searching for a replacement. Armstrong left in February to become director of security for St. Jude Children’s Research Hospital.

100. Hopson Includes 6 Charter Schools Among 10 Possible Closures -

Shelby County Schools Superintendent Dorsey Hopson has 10 schools on a closing list for the 2016-2017 school year and six of them are charter schools.

Hopson and school board members met Wednesday, April 13, to talk over detailed budget options for the first time and Hopson offered more details on what he has in mind for possible school closings.