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Editorial Results (free)

1. Last Word: Pantographs & Catenaries, Grizz Uncertainty and Tuesdays Without Morrie -

After three years off the rails, the first significant indications that the trolleys are about to return. It was just a two-block ride that includes the Memphis Area Transit Authority trolley barn on North Main and one very new trolley. But it is a start through what is a very technical and bureaucratic process involving lots of safety vests, clipboards and video cameras.

2. GPAC Planning New Open-Air Venue -

1801 Exeter Road, Germantown, TN 38138

Owner: Germantown Performing Arts Center

3. First Horizon CEO: Banking Industry Needs Consolidation -

The CEO of First Tennessee Bank’s parent company told attendees of a financial conference in New York City in recent days that the banking industry could benefit from more consolidation.

4. Widening The Path -

He asked to only be a small part of this story. But when you come up with an idea so good, so powerful, that it’s named as one of the top 20 ideas in the Forbes Change the World Competition, you are the story’s foundation.

5. City’s Ire Raised By Stadium Droughts -

For most of the ongoing discussion about a reconfiguration of the Fairgrounds, the Liberty Bowl has been a part of the background. Much of the attention has been on what to do with the Mid-South Coliseum and what new uses or buildings will do to existing parking.

6. Highwoods Sells Southwind Portfolio for $39M -

Highwoods Properties Inc. has sold a massive portion of its portfolio in Southwind to a New York-based investment group for $39 million.

7. Toys 'R' Us Keeping Stores Open Following Bankruptcy Filing -

NEW YORK (AP) – Toys 'R' Us, the toy retailer struggling with $5 billion in debt and intense online competition, has filed for bankruptcy protection ahead of the key holiday shopping season – and says its stores will remain open for business as usual.

8. AutoZone Reports Mild Fiscal Fourth Quarter -

Memphis-based auto parts retailer AutoZone Inc. continues to find itself in an environment that’s unusual for the company and one that it’s not accustomed to, with the company’s fiscal fourth quarter sales bearing that out.

9. Beale, Bourbon Street Protocols Examined -

As the Beale Street Task Force moves toward making recommendations to the Memphis City Council on a Saturday night Beale Street cover charge, there isn’t a consensus on the $5 charge.

Task force members who have been to New Orleans and consulted other cities have found very different models for crowd control.

10. Highwoods Sells Southwind Portfolio for Nearly $40M -

Highwoods Properties has sold a massive portion of its portfolio in Southwind to a New York-based investment group for $39 million.

In the deal, Highwoods Properties, doing business as Highwoods Reality Limited Partnership, sold eight parcels of land near the intersection of Players Club Parkway and Tournament Drive to Group RMC, which purchased the property under the name of Southwind Memphis Reality LP.

11. White House, Black College Heads to Meet Amid Strained Ties -

WASHINGTON (AP) – President Donald Trump on Monday named a lawyer and former NFL player as executive director of the White House Initiative on Historically Black Colleges and Universities, as the administration faces criticism from those institutions of promises unkept.

12. Germantown Medical Office Sells for $16M -

1325 Wolf Park Drive, Germantown, TN 38138

Sale Amount: $15.9 million

Buyer: Global Medical REIT

13. Commission Delays Votes On Finance Ordinances -

Shelby County Commissioners delayed votes Monday, Sept. 11, on a set of three resolutions dealing with county finances, citing the need for further discussion and questions.

The first of the three is a supplement to the interlocal agreement on financing the Memphis and Shelby County Sports Authority to pay the debt on FedExForum. The agreement allows revenue from a 2015 increase in the hotel-motel tax to be used to finance renovations of the Memphis Cook Convention Center as well as the debt on the arena.

14. Wunderlich Preparing Downtown Space for HQ Move -

By this time next year, Memphis-based investment firm Wunderlich Securities Inc. will have a prominent new headquarters space Downtown,

15. Waddell & Associates Platform Looks to Turn Millennials Into Investors -

Andrew Lichliter had a few thousand dollars in a retirement account, but wanted to change that to a different type of investment.

The problem, though, was that his $5,500 wasn’t nearly enough to open a typical investment account at most firms, some of which require hundreds of thousands of dollars just to start.

16. Skipping School -

The farm field at East Shelby Drive and Sycamore Road is “growing” steel beams, classroom walls and concrete floors. Nearby, the athletic fields of the new $90 million Collierville High School are being traced and laid out at summer’s end next to the framework of the large school.

17. Last Word: The Monument Letter, Soulsville Gateway and Gas Tax Hike Regrets -

The Redbirds take Game 1 of the Pacific Coast League Championship series Wednesday evening with a 6-4 win over El Paso at AutoZone Park. Game 2 is noon Thursday at B.B. King and Union.

18. Memphis Brooks Museum Eyes Relocation Out of Overton Park -

The Memphis Brooks Museum of Art might be leaving Midtown. The museum’s board has voted to allow the museum’s staff and the board’s long-range planning committee to evaluate locations in Memphis outside of Overton Park as possible homes for the Brooks’ permanent collection and future museum facilities.

19. Commission Delays Votes On Finance Ordinances -

Shelby County Commissioners delayed votes Monday, Sept. 11, on a set of three resolutions dealing with county finances, citing the need for further discussion and questions.

The first of the three is a supplement to the interlocal agreement on financing the Memphis and Shelby County Sports Authority to pay the debt on FedExForum. The agreement allows revenue from a 2015 increase in the hotel-motel tax to be used to finance renovations of the Memphis Cook Convention Center as well as the debt on the arena.

20. County Commission Joins City Call to Remove Confederate Monuments -

Shelby County Commissioners approved a resolution Monday, Sept. 11, backing the city’s efforts to remove Confederate monuments with a waiver from the Tennessee Historical Commission. The resolution by commissioner Walter Bailey also backs the Memphis City Council’s move to an ordinance that could take down the monuments after the Oct. 13 decision if the historical commission does not grant the waiver.

21. Apple May Test the Bounds of iPhone Love With a $1,000 Model -

SAN FRANCISCO (AP) – Apple is expected to sell its fanciest iPhone yet for $1,000, crossing into a new financial frontier that will test how much consumers are willing to pay for a device that's become an indispensable part of modern life.

22. Last Word: Southern Heritage Recap, Funky Week Ahead and the Amazon Contest -

The 28th annual Southern Heritage Classic is in the books with a close game at the Liberty Bowl Saturday and the kind of attendance that if sustained through our civic football season – Southern Heritage, Tigers home schedule and AutoZone Liberty Bowl – promises continued growth and changes in our development. Whether there is that growth or not, 47,407 came, tailgated and saw Tennessee State beat Jackson State 17-15.

23. Evolve Taps New Assistant Vice President -

Evolve Bank & Trust has tapped Michelle Latham as its new assistant vice president and operations manager of its payment processing solutions division. Latham has more than 12 years’ experience in the payment and banking industries. She joins senior vice president Betsy Bohlen, who is leading the expansion of Evolve’s Payment Processing Solutions Division. Latham has held leadership roles at Palm Desert National Bank, Switch Commerce and First American Payment Systems, most recently served as the vice president of sales and service for Lone Star Capital Bank in San Antonio. During her tenure, she directed the implementation of a new retail product line that increased low-cost core deposits by 15 percent and acquired new high-value accounts by 5 percent.

24. Tennessee Program to Award $10M in Broadband Grants -

NASHVILLE, Tenn. (AP) – Tennessee officials are now accepting applications for $10 million worth of broadband grants.

The Tennessee Department of Economic and Community Development said in a news release Thursday it will accept applications for the Broadband Accessibility Grant until Nov. 17.

25. Tennessee Taco Opens in Former Los Compadres Space -

3295 Poplar Ave.
Memphis, TN 38111

26. Last Word: The Amazon Competition, Millington Shelters and Grizz Ownership Drama -

With a social media post Thursday morning, Memphis Mayor Jim Strickland said the city is ready to compete in a very public competition for the $5-billion second North American headquarters Amazon.com announced earlier Thursday. Some context here. The $5 billion investment by Amazon in what it calls HQ2 compares to the $9 billion St. Jude is investing in its expansion including about $1 billion in capital costs and the rest research, technology and other development costs included in what is more than a physical expansion.

27. Belly Acres Co-Owners Open New Concept -

Ben McLean, co-owner of the Overton Square burger restaurant Belly Acres, has been thinking about expanding his Memphis-area restaurant interests for a few years now.

28. Dorothy Day House Plants New Roots in Midtown -

Sister Maureen Griner, the executive director of the Memphis chapter of the Dorothy Day House, says that every night in Memphis there are about 160 families who will be sleeping in a shelter or somewhere inhabitable.

29. Video Streaming Player Pioneer Roku Seeks $100M in IPO -

SAN FRANCISCO (AP) – Video streaming player pioneer Roku is going public, hoping to raise money to expand into more households and fend off competitive threats from bigger technology companies.

Roku listed a $100 million fundraising target in a Friday regulatory filing. But that figure is likely to change after its investment bankers gauge the demand for its initial public offering of stock. Companies typically complete their IPOs two to four months after filing then getting approval from government regulators.

30. Two Apartment Complexes Sell for $11 Million -

Two apartment complexes in northern Shelby County have been purchased by a Arkansas realty group for nearly $11 million, according to a pair of warranty deeds filed with the Shelby County Register.

31. Tennessee Shakespeare Company Buys Ballet Memphis' Cordova Facility -

The Tennessee Shakespeare Company has its first permanent home, announcing Thursday, Aug. 31, that it has bought the Ballet Memphis facility at 7950 Trinity Road in Cordova for $1.9 million.

32. Last Word: Game Day, Corker at Southwind on Taxes and Trump and Hotel Stats -

The game is on rain or shine at the Liberty Bowl Thursday. And the start of the Tigers football season could be a very soggy start with remnants of Hurricane Harvey arriving. So while tailgating on Tiger Lane may involve umbrellas, none are allowed in the Liberty Bowl itself. Ponchos it is for your face time on CBS Thursday evening.

33. ICCC Program Attracts Local Business Owners -

More than 100 local entrepreneurs received mentoring and coaching on Tuesday, Aug. 29, to help them grow their small businesses. The Inner City Capital Connections program at the FedEx Institute of Technology on the University of Memphis campus returned after first coming to Memphis in August 2014.

34. Trump: 'All Options are on Table' After North Korea Launch -

WASHINGTON (AP) – President Donald Trump sought Tuesday to reassert an American military threat against North Korea, saying that "all options are on the table" in response to its launch of a missile over close U.S. ally Japan.

35. Inner City Capital Connections Program Attracts Local Business Owners -

More than 100 local entrepreneurs received mentoring and coaching on Tuesday, Aug. 29, to help them grow their small businesses.

The Inner City Capital Connections program at the FedEx Institute of Technology on the University of Memphis campus returned after first coming to Memphis in August 2014. The ICCC program was developed by the Initiative for a Competitive Inner City (ICIC), a nonprofit research and strategy organization.

36. Tri-State Hosts Grand Opening of Banking HQ -

Tri-State Bank CEO Thomas Felder estimates that the more than 70-year-old institution – which has shifted its retail bank headquarters from Downtown to Whitehaven – will have a $2.5 million economic impact on the neighborhood surrounding it.

37. Financial Services Firm Inks Deal At Clark Tower -

According to multiple sources close to the deal, the Memphis arm of MassMutual will merge with a Nashville-based financial group and move its combined operations into the 23rd floor of the Clark Tower.

38. New Tenant to Take 23rd Floor of Clark Tower -

According to multiple sources close to the deal, the Memphis arm of MassMutual will merge with a Nashville-based financial group and move its combined operations into the 23rd floor of the Clark Tower.

39. Regions, FedEx Backing Business Seminar -

Regions Bank is joining FedEx Corp. to provide financial backing for a seminar for business owners this week that will include 20 Regions bankers providing customized business coaching for entrepreneurs.

40. Net Worth is Like GPS for Your Retirement -

Ray’s Take: When you have your annual physical, your physician looks at a number of your vital indicators; so does your financial planner. Net worth is the value of all assets, minus the total of all liabilities. In other words, net worth is what you own minus what you owe.

41. Confederate Monuments Controversy Comes to City Hall -

The question of timing in removing two Confederate monuments from city parks arrives at City Hall Tuesday, Aug. 22.

A Memphis City Council resolution that would instruct the city administration to immediately remove and/or sell Confederate monuments in city parks is scheduled for discussion at the 2:15 p.m. executive session and could be added to the council agenda or voted on later at the first council session in September.

42. Last Word: Crosstown & Forrest, Eclipse Day and The Problem With Day Care -

As an organizer of Saturday’s “Take Them Down” rally at Health Sciences Park walked toward Union Avenue where Memphis Police had taken one of the protesters arrested there, he looked at another organizer and said, “It’s time to make the call.” The call was bail money for the five, soon to be six people arrested. These were the first arrests of the last week of new momentum for an issue that has risen and subsided for decades now in our city.

43. Leaders: Memphis Startup Ecosystem Needs More Funding to Grow -

In the days following Memphis’ latest startup Demo Day event, after new startup funding announcements, after former U.S. chief technology officer Megan Smith even gave Memphis’ startup community a shoutout on Bloomberg TV, it might seem like the startup scene here is having a moment.

44. County Mulls Garage For Long-Term Parking Fix -

Shelby County Jury Commission officials have points they always make with citizens on jury duty in Downtown Memphis. And it includes an apology for the parking situation around the Criminal Justice Center and the Judge D’Army Bailey Courthouse, where those called to be on juries will work for a week at a time.

45. Last Word: Night in the Park, Hattiloo Goes Bigger & Cohen on the Republican Soul -

A gathering in Health Science Park a little before 11:30 Monday evening by a group of protesters who Facebooked that their intent was to take down the statue of Nathan Bedford Forrest. Memphis Police showed up quickly and the police supervisor told those around the statue that the park is a private park and that no one can be in the park after 8 p.m. No arrests but the police did ask for identification from those in the park.

46. Inviting a New Vision for Memphis Region -

Memphis has been blessed to give birth to the modern grocery store, rock ‘n’ roll, and such corporate category leaders as Holiday Inn, FedEx and AutoZone. These native inventions became the basis of our regional economy after the slow demise of the agrarian culture when cotton was king.

47. Cordova Apartment Community Sells for $27.9M -

The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold for $27.9 million, marking a new chapter for a property that was built just last year.

48. Jernigan Capital Reports Strong Second Quarter -

Memphis-based self-storage financing company Jernigan Capital Inc. has “had an outstanding first half of 2017.” That’s according to its namesake chairman and CEO Dean Jernigan.

49. Last Word: St. Jude School, More Gannett Moves and Maida Pearson Smith -

For most, the school year starts next week. But classes are already underway at St. Jude’s new Graduate School of Biomedical Sciences, an idea 15 years in the making, according to the physician who had that idea. The school is a big step in higher education in Memphis and its road to research center status.

50. Next Big Leap for Apple? – Augmented Reality -

SAN FRANCISCO (AP) – Apple's iPhone may be ready for its next big act – as a springboard into "augmented reality," a technology that projects life-like images into real-world settings viewed through a screen.

51. Last Word: Gentrification, ServiceMaster's New CEO Speaks and Gateway Resolution -

Gentrification in Binghampton? The g-word is a term that can start a real debate in Memphis these days. But those leading the hard fought redevelopment in Binghampton say a tax increment financing district there would mean an immediate capital infusion of $332,000 that would help to ward off the possibility of gentrification.

52. Terminix Priority of ServiceMaster New CEO Nik Varty -

The new CEO of ServiceMaster Global Holdings Inc. said his first priority at the helm of the Memphis-based domestic and commercial services provider is to fix the company’s Terminix division.

53. David Waddell Bullish in Mid-Year State of the Union -

RAIL: Waddell & Associates CEO and chief investment strategist David Waddell remains upbeat about the investment landscape through the first half of 2017.

54. UrbanArt Commission Will See Tighter City Guidelines -

Memphis City Council chairman Berlin Boyd put his move to abolish the UrbanArt Commission on hold Tuesday, July 25, in favor of tighter oversight of the UAC’s public art program, which totals 1 percent of city expenditures on capital projects.

55. Fully Loaded -

It’s almost like the first half of 2017 was a decade in the making, at least when it comes to commercial real estate. Throughout all four major sectors of the Memphis-area commercial real estate market – industrial, office, retail and multifamily – figures are consistently reaching or exceeding pre-recession marks.

56. Trump Choice for Fed Board Says He Likes Rule Change Ideas -

WASHINGTON (AP) – Randal Quarles, President Donald Trump's nominee for the Federal Reserve Board, says he likes a predecessor's ideas for where regulators should prune banking rules.

57. UrbanArt Commission to See Tighter City Guidelines -

Memphis City Council chairman Berlin Boyd put his move to abolish the UrbanArt Commission on hold Tuesday, July 25, in favor of tighter oversight of the UAC’s public art program, which totals 1 percent of city expenditures on capital projects.

58. Gillette Out, ServiceMaster to Spin Off Unit -

To Memphians, Rob Gillette is the ServiceMaster Global Holdings Inc. leader who moved the company’s headquarters from East Memphis to Downtown and put the old Peabody Place Mall back in use.

59. Overton Gateway Compromise Approved By Council -

Memphis City Council members approved the Overton Gateway mixed residential development Tuesday, July 25 in a pair of unanimous votes – one for the plans on the north side of Sam Cooper Boulevard at East Parkway and the other for the plans on the south side of Sam Cooper at East Parkway.

60. Overton Gateway Compromise Approved By Council -

Memphis City Council members approved the Overton Gateway mixed residential development Tuesday, July 25 in a pair of unanimous votes – one for the plans on the north side of Sam Cooper Boulevard at East Parkway and the other for the plans on the south side of Sam Cooper at East Parkway.

61. GTx to Release New Data from Company’s Work -

GTx Inc. executive chairman Dr. Robert Wills thinks the Memphis-based biopharmaceutical company is “severely undervalued.”

62. Council Vote Puts Overton Gateway Compromise To Test -

Memphis City Council members will put a tentative compromise on the proposed Overton Gateway development to the test Tuesday, July 25.

The council is scheduled to vote on the multifamily apartment project to be built by Makowsky Ringel Greenberg that encompasses both sides of Sam Cooper Boulevard at East Parkway.

63. City Master Plan Development Aims To Reverse Random Development -

Not too far past a new generation of civic plans is the filter of reality – what is possible by a business bottom line.

At the outset of the still-forming Memphis 3.0 master development plan, the reality without a plan is striking.

64. Venezuela Strike Erupts Into Sporadic Violence -

CARACAS, Venezuela (AP) — A nationwide strike against plans to rewrite the constitution shut down much of Venezuelan's capital Thursday before erupting into sporadic violence when protesters clashed with riot police and burned a post office near the headquarters of the main state-run broadcaster.

65. MRG, Thomas & Betts Receive Tax Incentives -

Makowsky Ringel Greenberg and Thomas & Betts were both awarded tax incentives to advance their respective projects by the Economic Development Growth Engine for Memphis and Shelby County on Wednesday, July 19.

66. Madison @ McLean Project Awarded 14-Year Tax Abatement -

Local multifamily development group Makowsky Ringel Greenberg has been awarded a 14-year tax abatement to construct a 132,477-square-foot, 108-unit apartment complex in Midtown Memphis.

Named Madison @ McLean after the eponymous Midtown intersection it will reside on, the $14 million project is the first ever recipient of a Residential PILOT (payment-in-lieu-of-taxes), incentive, which was created earlier this year by the Economic Development Growth Engine for Memphis and Shelby County.

67. AutoZone’s Engine Starting to Stall -

AutoZone’s stock price is pointed in the opposite direction it’s been accustomed to for years now. Shares of the Memphis-based auto parts retailer are down more than 30 percent since the end of January. Needless to say, that’s an unusual place for the company, which continues to open new stores at a steady clip.

68. First Horizon Sees Growth in Second Quarter -

First Tennessee Bank’s parent company saw net income climb 61 percent in the second quarter and First Tennessee itself announced the largest merger in its history, but company chairman and CEO Bryan Jordan characterized the period for analysts pretty much the way he always does during earnings presentations.

69. Honor Your Muse, Part 1 -

Editor’s note: Part one in a three-part series. Recently, more and more people ask me about launching their own business. They see something liberating about leaping into the unknown, owning their own destiny and not having to make compromises they are forced to make in their current situation.

70. Last Word: Vince Carter Leaves, Fairgrounds and Pulling the Plug on Green Tech -

Vince Carter joins Zach Randolph with the Sacramento Kings next NBA season with an $8 million one-year pact for Carter. Still no word on Tony Allen’s free agency status as we put this up. The Grizz plan to retire Randolph’s jersey.

71. Jernigan Capital Hits Investment Milestones -

Jernigan Capital – a publicly traded, Memphis-based provider of capital to self-storage entrepreneurs – is on a tear at the moment.

The company in recent days has closed three new self-storage development investment commitments totaling almost $50 million, including a co-investment of $26.5 million for a proposed 1,424-unit facility in Manhattan. The other investments are for facilities in Knoxville and in the Boston metro area, and construction on all three facilities is set to be finished by the end of second quarter 2018.

72. Last Word: The List Lawsuit, Charlie Morris on 1939 and New Rules for Democrats -

This looks like the end of Grit ‘n’ Grind as we wait for the other shoe to drop following Zach Randolph’s exit from the Grizzlies to Sacramento. There were a lot of rumors Wednesday, the day after Randolph’s $24 million free agency deal, including some about Marc Gasol and the Celtics. And then Tony Allen dropped a Grizz reference from his Twitter account causing even more speculation.

73. Friendliness Drives Barcelona’s Attraction -

Friendly. That’s my lasting impression of Barcelona. This northeastern Spain city, perched between the foothills of the Pyrenees and Mediterranean Sea a couple hours south of the French border, goes to the beat of its own Catalan drum. But every beat I encountered was a friendly one, and only cemented my love of this city.

74. $18.5 Million Permit Filed for Central Station Project -

In this week’s Real Estate Recap, developers pull an $18 million permit for the Central Station overhaul, another new Downtown hotel is in the works and the new Laurelwood bookstore gets a restaurant...

75. County Budget Vote Delayed But Government Continues To Operate -

Shelby County government’s fiscal year begins Saturday, July 1, but the county won’t have a new operating budget at least until July 10.

That’s when the Shelby County Commission meets in special session to take up an estimated $13 million in amendments various commissioners are proposing to the budget proposal of county mayor Mark Luttrell.

76. Chamber Names 2017 Young Memphian Winners -

The Greater Memphis Chamber has announced its official 2017 Young Memphians list, which will be featured in the summer issue of Memphis Crossroads Magazine.

Nominations for the Young Memphians award were submitted via the chamber’s website, social media outlets and email. All nominees must be under 40 and a member of the Greater Memphis Chamber.

77. Saudi King Names Son Heir as New Generation Encircles Throne -

RIYADH, Saudi Arabia (AP) — Saudi Arabia's King Salman appointed his 31-year-old son Mohammed bin Salman as crown prince on Wednesday, placing him first-in-line to the throne and laying the groundwork for an entirely new generation of royals to take the reins.

78. UK Moves to Ease Tensions After Van Attack on London Muslims -

LONDON (AP) — British authorities and Islamic leaders moved swiftly to ease concerns in the Muslim community after a man plowed a large van into a crowd of worshippers outside a north London mosque early Monday, injuring at least nine people.

79. Tensions Rise in Syria as Russia, Iran Send US Warnings -

BEIRUT (AP) — Russia on Monday threatened aircraft from the U.S.-led coalition in Syrian-controlled airspace and suspended a hotline intended to avoid collisions in retaliation for the U.S. military shooting down a Syrian warplane.

80. Made By Project Generates New Ideas And Goals to Support Memphis Makers -

A new business plan competition and a nine-week cohort program are the first two recommendations to come out of a plan in support of Shelby County’s Made By Project, an effort to understand the needs and goals of “makers,” artisans and micro-manufacturers in Memphis and Shelby County.

81. June 16-22, 2017: This week in Memphis history -

2008: The debut of The Memphis News, a weekly about “business, politics and the public interest” by The Daily News Publishing Co.

82. Facilities, Football Fever Growing At the University of Memphis -

Somewhere, in a long-ago Division I sports galaxy far away, an athletic director could catch his breath after his college baseball team made its last out and before his football team started practice. Not so much now.

83. Last Word: Disaster Paperwork, The Whitehaven Plan and Juvenile Justice -

On its way to Washington is the paperwork for a federal disaster declaration sent Wednesday by Tennessee Gov. Bill Haslam. It includes Shelby County and 11 other Tennessee counties. This is essentially federal funding that will reimburse local government for money they spend up front for these kinds of disasters. The state’s request also includes a call for individual assistance to Shelby County homeowners and business owners whose property was damaged in the Memorial Day weekend storms.

84. Hernando Ice Cream Parlor Preparing Crosstown Location -

1350 Concourse Ave.

Memphis, TN 38104

Permit Amount: $80,000

Application Date: June 2017

85. First Horizon CFO Talks Capital Bank Merger -

First Tennessee Bank’s parent company is a $30 billion financial institution that’s put its cash to work the last few years by buying back almost 10 percent of its shares and pursuing smaller mergers and acquisitions.

86. County Commission Debates 3-Cent Tax Rate Cut -

Shelby County Commissioners approved a 3-cent reduction in the county property tax rate Monday, June 12, on the first of three readings but delayed a vote on the operating budget resolution for more discussion about how to account for the tax-rate cut.

87. County Commission Continues Tax Cut Calculations -

Shelby County Commissioners approved a three-cent reduction in the county property tax rate Monday, June 12, on the first of three readings but delayed a vote on the operating budget resolution for more discussion about how to account for a cut in the tax rate.

88. Luttrell, Commission Working Out Details of 3-Cent Property Tax Cut -

Shelby County Commissioners have talked for several years about cutting the county’s property tax rate. But it’s never been more than talk and never had close to the seven votes necessary to drop the tax rate.

89. Nordstrom Family Considering Buyout of Department Store -

NEW YORK (AP) – Members of the Nordstrom family including co-presidents Blake, Peter and Erik Nordstrom are considering making an offer to buy out the 70 percent of the department store's stock they don't already own.

90. Tennessee Brewery Developers Seek Incentives for Second Phase -

The developers of the Tennessee Brewery project are seeking a 20-year tax abatement to begin construction on phase two of their Downtown Memphis mixed-use development.

William Orgel, Jay Lindy and Adam Slovis, representing 495 TN Partners, have applied to the Center City Revenue Finance Corp. for a payment-in-lieu-of-taxes incentive to build an additional 130-unit, four-story building they estimate will cost around $12.3 million.

91. Tennessee Brewery Developers Seeking Tax Incentives for Second Phase -

The developers of the Tennessee Brewery Project have applied for a 20-year tax abatement with the Center City Revenue Finance Corporation to begin construction on phase two of their Downtown Memphis mixed-use development.

92. City Council Settles Budget, But Other Issues Remain -

The budget season at City Hall is over with the Tuesday, June 6, Memphis City Council vote approving a $680 million city operating budget, an $81.3 million capital budget and a $3.27 city property tax rate.

93. Survey: Top CEOs Still Back Some of Trump Policy Priorities -

WASHINGTON (AP) – Leading U.S. CEOs remain supportive of some of President Donald Trump's policy initiatives despite his still-hazy plan for cutting taxes and recent actions by Trump that have intensified attention on federal investigations of his campaign.

94. US Services Firms Expanded at Solid But Slower Pace in May -

WASHINGTON (AP) – U.S. services companies expanded at a slightly slower pace in May compared with the previous month, a sign that modest economic growth is likely to continue.

The Institute for Supply Management, a trade group of purchasing managers, said Monday that its services index slipped last month to 56.9 from 57.5 in April. Any reading above 50 indicates expansion. Sales and new orders grew more slowly, while a measure of employment showed companies stepped up hiring.

95. Final Budget, Tax-Rate Votes Lead Council Agenda -

Memphis City Council members are poised to end their budget season Tuesday, June 6, with a set of votes on four resolutions and six ordinances that are up for third and final reading.

The resolutions and ordinances would approve a roughly $680 million city operating budget and a $77.8 million capital budget, hikes in stormwater and sewer fees and take the city property tax rate from $3.40 to $3.27.

96. Walmart Touts Investment in People, Technology as Advantages -

FAYETTEVILLE, Ark. (AP) – Walmart CEO Doug McMillon touted the company's investments in people and technology, but also said the company may have reached an employment peak and urged employees not to be afraid of automation.

97. Winds of Change -

Humans have been harnessing the power of the wind since the first Egyptians began to use sails to move their boats along the Nile. More than 7,000 years later, wind power capacity in the U.S. alone has surpassed 82 gigawatts, or enough energy to power 20 million homes, making it the largest renewable generation capacity in the country.

98. Amid Trump Orders, Nashville Mulls Sanctuary City-Like Rules -

NASHVILLE, Tenn. (AP) – Nashville officials are pushing to adopt sanctuary city-like standards in response to President Donald Trump's policies on immigration.

Metro Councilmen Bob Mendes and Colby Sledge were surrounded by immigrants, some of whom are in the country illegally, as they made a case for their legislation Wednesday during a news conference in the liberal-leaning capital of Tennessee, a red Southern state.

99. City Council Weighs $7.3M Cut in Police Budget -

Memphis City Council members will likely be discussing possible amendments to the city budget right up to the final June 6 votes on the budget and tax rate resolutions and ordinances.

In a council budget committee wrap-up session Tuesday, May 30, that drew nine of the 13 council members, the group considered but took no action on a proposal by council member Martavius Jones to cut $7.3 million in funding for the Memphis Police Department.

100. City Council Discusses $7.3 Million Cut in Police Budget -

Memphis City Council members will likely be discussing possible amendments to the city budget right up to the final June 6 votes on the budget and tax rate resolutions and ordinances.

In a council budget committee wrap-up session Tuesday, May 30, that drew 9 of the 13 council members, the group considered but took no action on a proposal by council member Martavius Jones to cut $7.3 million in funding for the Memphis Police Department.