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Editorial Results (free)

1. 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.

2. 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.

3. The Week Ahead: May 2-8 -

So, you think this is the “off-week” of the Memphis In May International Festival – the gap between the Beale Street Music Festival and the World Championship Barbecue Cooking Contest. But, while Tom Lee Park gets a breather, there are plenty of cultural experiences to soak up across Memphis. Here's our weekly roundup of local happenings you need to know about...

4. Minority Business Council Gets Funding to Operate MBDA Center -

The Mid-South Minority Business Council will receive a federal grant to operate a U.S. Department of Commerce Minority Business Development Agency (MBDA) Business Center in Memphis, MBDA announced on Thursday, April 28.

5. 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.

6. 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.

7. Waddell & Associates Merges With International Network -

David Waddell’s Memphis-based investment firm is celebrating the third decade of its existence this year with more than just the acknowledgement of its longevity in the business of managing clients’ money.

8. Grinding Recovery -

Michael Drury is watching the current U.S. presidential season with a combination of professional detachment and an air of resignation.

Detachment, because part of his job as chief economist at Memphis-based McVean Trading & Investments is to keep abreast of what makes economies around the world tick. Part of that, of course, means at least some degree of focus on the man – or, possibly a few months from now, the woman – who sits astride the dominant global economy.

9. Haslam in Memphis Friday on Way to Asia -

Tennessee Gov. Bill Haslam will be in Memphis Friday, April 29, as Circuit Court Judge Valerie Smith takes the ceremonial oath of office.

10. Local Council Gets Funding for Minority Business Center -

The Mid-South Minority Business Council will receive a federal grant to operate a U.S. Department of Commerce Minority Business Development Agency (MBDA) Business Center in Memphis, MBDA announced on Thursday, April 28.

11. 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.

12. 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.

13. 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.

14. 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.

15. 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.

16. 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.

17. One-Time Star in Solar Energy, SunEdison Seeks Protection -

NEW YORK (AP) – SunEdison, a one-time star in the alternative energy field, filed for bankruptcy protection Thursday after years of rapid-fire acquisitions left the solar company in a desperate cash situation.

18. 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.

19. 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.

20. Strickland in New Seat for Budget Give-and-Take -

When Memphis Mayor Jim Strickland finished his budget address to the Memphis City Council Tuesday, April 19, council member Edmund Ford had a film clip he wanted Strickland and the rest of the council to watch.

21. $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.

22. 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.

23. 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.

24. 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.

25. 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.

26. 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.

27. Melzie Wilson Appointed To Commerce Advisory Committee -

Melzie Wilson, vice president of compliance at Mallory Alexander International Logistics, has been appointed to the U.S. Department of Commerce’s Advisory Committee on Supply Chain Competitiveness by secretary of commerce Penny Pritzker. In her role at Mallory Alexander, Wilson is responsible for all government regulations the company must comply with, both in the U.S. and globally.
She’s also responsible, along with a compliance team, for ensuring Mallory Alexander’s clients stay compliant.

28. Ballet Memphis Files Permit For Overton Square HQ -

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.

In 2015, Ballet Memphis purchased the former French Quarter Inn, at the corner of Madison Avenue and North Cooper Street. Demolition on the shuttered hotel began in October.

29. Sale of Former Memphis Police Headquarters Set for May -

The tours and inspections are done for now. And City Hall’s timeline for selling the circa-1910 Memphis Police headquarters at 128 Adams Ave. is a bit behind schedule.

30. 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.

31. Commission OKs Arlington School Capital Funding -

Shelby County Commissioners on Monday, April 11, approved $105,374 in capital funding for an Arlington Schools bus parking lot and support building.

The funding is a reallocation of existing funding the commission had approved in 2014.

32. 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.

33. A Look at the Numbers -

Ray’s Take: The economy is in flux and there’s a lot of uncertainty over the direction of the capital markets and interest rates. It’s a familiar refrain by this point. Volatility has increased to a numbing level where perhaps we aren’t paying attention as closely as we should to what’s happening in the financial world around us.

34. 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.

35. Luttrell Wants to Bridge Urban-Rural Divide -

U.S. Rep. Steve Cohen knows the signs of someone making the transition to running for Congress.

So when he and Shelby County Mayor Mark Luttrell spoke at the March 31 opening of Moore Tech’s new welding school, Cohen watched closely as Luttrell began talking about the lack of workforce training and questioned the old Shelby County Schools slogan of “every child college bound.”

36. Last Word: Off and Running, Lawson Sticks and Downtown Office Space -

Now that you’ve had time to behold the large field of contenders in the Republican primary for the 8th Congressional District – all 13 – they are on the road campaigning on the way to the Aug. 4 election day.
And it’s quite a road with a lot of different scenery.
Former U.S. Attorney David Kustoff is one of the seven contenders in the race from Shelby County. He hit the road Monday for three days of stops in each one of the 15 counties in the district.

37. Commission OKs Arlington School Capital Funding -

Shelby County Commissioners on Monday, April 11, approved $105,374 in capital funding for an Arlington Schools bus parking lot and support building.

The funding is a reallocation of existing funding the commission had approved in 2014.

38. Hopson Reviewing School Closing Options -

Shelby County Schools superintendent Dorsey Hopson hadn’t planned on proposing any closures for the 2016-2017 academic year after several consecutive years of closing underutilized and underachieving schools.

39. Last Word: Lipscomb's Successor, MATA School Buses and Roland's Big Breakfast -

Paul Young gets a lot more attention these days than he did when he was the first director of the city-county Office of Sustainability. The attention comes with being the city director of Housing and Community Development where virtually all of the funding comes from the federal government.
That federal funding has changed the face of public housing in the city in the last 25 years. There is only one large public housing project left in the city as a result of the federal funding and its use by Young’s predecessor, Robert Lipscomb.
And what Lipscomb did with the job combined with being the executive director of the Memphis Housing Authority is why a lot of people want to get to know Paul Young these days.
Our centerpiece story by Madeline Faber in Tuesday’s edition makes clear that Young has no desire to wield that kind of power. And it is unlikely anyone in the near future will have the kind of autonomy Lipscomb did.
But beyond that there is still the flow of a lot of federal dollars and Young has some ideas based on his experience in government and finance prior to coming to HCD – everything in government is initials.
It’s a much different experience than Lipscomb’s. Lipscomb coined the phrase “ending public housing as we know it” and at times that slogan wasn’t followed with a lot of detail about what came after public housing was demolished, especially with the first of the projects to fall.
The last public housing project, Foote Homes, will be demolished on Young’s watch which makes his tenure important if more limited than Lipscomb’s tenure.

40. Rapid Transit Option, Route Changes Designed To Make MATA More Relevant -

Budget season is looming, and the Memphis Area Transit Authority is angling for an additional $8 million in operating funds and $5 million in capital improvement dollars to prevent significant cuts to service.

41. Young Cherishes Role of Rebuilding Memphis Neighborhoods -

“I don’t want to be viewed as the most powerful person in Memphis,” said Paul Young, a Memphis native who became director of Housing and Community Development for the city of Memphis in January.

42. The Week Ahead: April 11-17 -

Let’s get this week started, Memphis! Here’s our roundup of local happenings you need to know about, from New Memphis Institute's popular “Memphis 101” crash course to the music- and culture-filled Africa in April festival.

43. 4 Fed Leaders Face Questions About Their Powerful Jobs -

WASHINGTON (AP) – Janet Yellen was put on the spot about whether she made a mistake in raising interest rates in December. Ben Bernanke was quizzed about what it felt like to be called a traitor by the governor of Texas.

44. Spence Wilson To Keynote Dunavant Awards May 11 -

Spence Wilson, chairman of the board of Kemmons Wilson Companies, is the keynote speaker for the annual Bobby Dunavant Public Servant Awards to be held May 11 at the Holiday Inn University of Memphis.

45. Study Launches to Analyze Memphis' Creative Community -

One of the goals of Memphis’ EPIcenter entrepreneurship organization is to make sure the focus and discussions around supporting local entrepreneurs are inclusive and take time to contemplate non-traditional demographics.

46. City Council Debates Idea of De-Annexation Compromises -

A proposal to form a joint city-county group to explore voluntary de-annexation and the city’s footprint goes to the Memphis City Council for a vote in two weeks.

But there is vocal sentiment on the council against the city giving up any of its turf, including the most recently annexed areas of south Cordova and Southwind-Windyke.

47. Southland Mall Sells In Foreclosure -

1215 E. Shelby Drive
Memphis, TN 38116
Sale Amount: $4.3 million

Sale Date: March 31, 2016
Buyer: 1215 East Shelby Drive Holdings LLC
Seller: Southland Mall Shopping Center LLC
Details: Southland Mall, Memphis’ first enclosed mall when it opened 50 years ago, has sold for $4.3 million in foreclosure.

48. Haslam Shakeup of Public Universities Gains Final Approval -

NASHVILLE, Tenn. (AP) – Republican Gov. Bill Haslam's plan to spin off four-year public universities from the Tennessee Board of Regents system gained final approval in the state Legislature on Monday.

49. Plan Seeks To Make Medical District Even Greater Asset -

On the surface, it might seem unclear why Memphians outside the immediate vicinity should care about what’s going on in the Memphis medical district, an area home to more than 16,000 people and 8,000 students.

50. City Ready to Develop Master Plan for Pinch District -

The Pinch District, one of Memphis’ oldest neighborhoods, is getting its time in the spotlight.

The Downtown Memphis Commission, the city of Memphis Division of Housing & Community Development and the city-county Division of Planning & Development are coming together to develop the Pinch’s first master plan in to bring the area up to date with mixed-use buildings and streetscape improvements.

51. Statewide Demand Outstrips Supply of Qualified Workers -

Tennessee is surging as a major manufacturing state, bouncing back from the Great Recession by attracting billions of dollars in new investment and creating thousands of new – and often very high-paying – advanced manufacturing jobs.

52. Malco Pulls $6.5M Permit For Downtown Theater -

Downtown’s new movie theater is moving forward. Malco Theatres recently filed a $6.5 million building permit application for a seven-screen movie theater as part of the greater Central Station development spearheaded by Henry Turley Co. and Community Capital.

53. Financial Advice is Not a Luxury -

Ray’s Take: There’s an old saying that if you don't know where you're going, it's difficult to get there. That is never truer than with your financial goals.

Financial goals give you something to strive for and help you course correct along the path. They also help you focus on the purpose of your efforts. The accumulation of money will do very little for your happiness unless you have a carefully constructed and regularly reviewed plan for what you’re going to do with it.

54. Metropolitan Bank Putting Focus on Mergers & Acquisitions -

The leadership at Metropolitan Bank is feeling confident enough about its balance sheet, its talent bench and its future prospects that it let shareholders know in recent days – we’re looking for banks to buy.

55. Memphis Leaders Pleased With 'Reprieve' on De-Annexation Bill -

The de-annexation by referendum legislation pending in the Tennessee Legislature was sent to a summer study committee Wednesday, March 30, in the state Senate, effectively killing the proposal for the legislative session.

56. De-annexation Bill Dead for State Legislative Session -

The de-annexation by referendum legislation pending in the Tennessee Legislature was sent to a summer study committee Wednesday, March 30, in the state Senate, effectively killing the proposal for the legislative session.

57. Malco Pulls $6.5M Permit For Downtown Theater -

Downtown’s new movie theater is moving forward. Malco Theaters recently filed a $6.5 million building permit application for a seven-screen movie theater as part of the greater Central Station development spearheaded by Henry Turley Co. and Community Capital. The permit also lists a rooftop seating area and a new box office and bar in the existing Power House building as part of the project.

58. Hopson Warns of Budget Cuts Beyond $50 Million -

Shelby County Schools superintendent Dorsey Hopson says the budget proposal he will take to the SCS board next month includes $50 million in cuts and is still $36 million in the red.

“We’re still down $36 million,” Hopson said Tuesday, March 29, “and at this point, there is nowhere else to cut except in the classroom. The cuts will directly affect schools.”

59. MATA Board Approves Significant Route Changes -

Sixteen bus route changes will take effect in May at the Memphis Area Transit Authority.

The changes, which were approved at the March 29 meeting of the MATA board of commissioners, mark the first significant batch of route changes since MATA CEO Ron Garrison took the position in 2014.

60. $6.5 Million Permit Filed for Malco Theater Downtown -

Central Station’s planned seven-screen movie theater is moving forward.

Malco Theaters recently filed a $6.5 million building permit application for the cinema as part of the greater Central Station development spearheaded by Henry Turley Co. and Community Capital.

61. Last Word: Encore In D, A Bus Every 10 Minutes and Marc Cohn in Memphis -

Encore in Nashville.
The state Senate’s state and local government committee meets again Wednesday to vote on the de-annexation bill it completed amending Tuesday.

This begins at 2:30 p.m. and we will be providing live Tweets of the action @tdnpols, www.twitter.com/tdnpols. So join us.
Because there was so much debate and parliamentary swordplay Tuesday, the Wednesday session will probably be pretty matter of fact by comparison.
Here’s our account of how it went down with the committee upping the percentage of voters signatures it takes to get a deannexation call on the ballot. And those who do vote to deannex can add payments for benefits liability to what they would also pay as their share of capital debt. There is also reaction from Greater Memphis Chamber president Phil Trenary.
Trenary had some choice words for Chattanooga state Senator Todd Gardenhire who called out Memphis specifically for what he viewed as trying to make the deannexed pay twice for benefits of city workers.
The looming question is what will the reaction to this be in the House which passed a very different version of this.
The proponents of the bill in the House and Senate have fundamentally different views that appear to be the kind of differences that would take some time to reconcile.

62. County Commission Closes Meeting on Disparity Study -

The Shelby County Commission got its first look Monday, March 28, at a disparity study it commissioned in 2014 to look at how much in county government contracts go to minority businesses.

But the meeting was closed to the public by county attorney Ross Dyer, citing possible litigation over what is a first legal step toward setting goals in county government contracting for minority business.

63. Yellen Stresses That Fed Foresees Gradual Pace of Rate Hikes -

NEW YORK (AP) – Federal Reserve Chair Janet Yellen said Tuesday that the Fed still envisions only a gradual pace of interest rate increases in light of global pressures that could affect the U.S. economy.

64. Amended De-Annexation Bill Up for Key State Senate Committee Vote -

A de-annexation bill that takes in the whole state has a key state Senate committee vote set for Wednesday, March 30, after senators made some significant changes to the proposal Tuesday in committee.

65. Consultant: Rapid Transit Route Would Be a Boon for MATA -

The Memphis Area Transit Authority is throwing its weight behind a new route that would connect Downtown to the University of Memphis area with a bus every 10 minutes.

Over the past two years, an outside consulting group has been working with MATA on the Midtown Area Connector plan. The aim is to improve connecting service from the inside out by focusing on a main artery in the urban core.

66. Mud Island Proposals Advance to More Scrutiny -

The two finalists working with a Riverfront Development Corp. committee to redevelop Mud Island River Park will have their plans further reviewed by the administration of Memphis Mayor Jim Strickland.

67. Haslam Seeks $12M for 'Nashville,' 'Million Dollar Quartet' -

NASHVILLE, Tenn. (AP) – Gov. Bill Haslam is proposing to spend $8 million to keep the ABC television show "Nashville" in the Tennessee capital.

The Republican governor's spending plan also includes $4.5 million to subsidize the CMT network's "Million Dollar Quartet" miniseries in Memphis.

68. GOP Lawmaker Questions Haslam's Secret $30M Development Deal -

NASHVILLE, Tenn. (AP) – A state senator on Tuesday questioned fellow Republican Gov. Bill Haslam's proposal to earmark $30 million for an undisclosed economic development project in Tennessee.

69. Lifting Term Limits Referendum Loses Second Round Before County Commission -

For a second time in three weeks, an ordinance to put a referendum on the August ballot to do away with county government term limits failed to get seven votes on the Shelby County Commission.

The vote at the Monday, March 28, commission meeting was 3-5 on the second of three readings with 11 commissioners present and three either not voting or formally abstaining.

70. RDC Doubles Down With Two Mud Island Finalists -

A working group of the Riverfront Development Corporation is recommending that the city and a new subcommittee of the RDC work with both of the finalists it has selected to run Mud Island River Park.

71. US Consumer Spending Posts Scant February Increase -

WASHINGTON (AP) – U.S. consumers barely increased their spending in February and spent less in January than the government had earlier estimated. The pullback led some analysts to downgrade their expectations for the economy's growth during the January-March quarter.

72. Amendments Cloud Issue of De-Annexation -

Tennessee state senators go back to work Tuesday, March 29, in Nashville on a modified de-annexation bill.

The Senate State and Local Government Committee will be reviewing a set of amendments to their version of the bill, which changed substantially from the House version in a committee session last week.

73. SweetBio Reaches $1 Million in Secondary Funding -

The dust has settled after New Orleans Entrepreneurship Week, and several Memphis startups have returned home as winners.

“It’s like South by Southwest, but for entrepreneurs in the South,” said Kayla Rodriguez, co-founder and chief operating officer of SweetBio, of the week-long event.

74. Commission Takes Second Vote on Term Limits Referendum -

Shelby County Commissioners take up the second of three readings Monday, March 28, of an ordinance that would ask voters to do away with term limits for the commission, the office of Shelby County Mayor and five other countywide elected positions.

75. Dodging a Disaster With Volkswagen? -

Next month will mark five years since the first Passat rolled off the assembly line at Chattanooga’s Volkswagen plant. Most anniversaries are a cause for celebration.

But as Chattanoogans blow out the candles on this particular milestone they’ll be hoping that Volkswagen’s diesel emissions troubles will soon be extinguished, too, and that the new SUV model they’ll start producing this year will help VW emerge from the crisis a better and stronger company than before.

76. Stephenson Leverages Capital for Community Change -

Why start a bank? It’s a question that would never occur to most people. But to Susan Stephenson, the answer is obvious: “It’s infinite variety. You get to participate in other people’s dreams. In the morning, I can be a first-time homeowner. In the afternoon, I’m a small business looking to open a new location.”

77. Proponents of Insure TN Enlist Billboards in Fight -

An effort to put pressure on the Tennessee General Assembly to consider Insure Tennessee has made its way to billboards across the state, including three in Shelby County.

The billboards are meant to pressure Tennessee Speaker Beth Harwell, R-Nashville, to use her “political clout” to send Gov. Bill Haslam’s proposal through the House.

78. TSU President Concerned About Higher-Ed Changes -

I believe it is important to communicate and clarify TSU’s position on the FOCUS (Focus on College and University Success) Act, and dispel any misconceptions regarding our position.

As President of TSU, I am a proud supporter of Governor Bill Haslam’s initiatives, including Drive to 55 and Tennessee Promise. We are not opposed to the FOCUS Act. That is simply not true. However, we have raised some legitimate concerns regarding certain provisions in the FOCUS Act, and the unintended effects on TSU, including faculty, students, and community members. Republican Senator Mark Norris, who is carrying the legislation for the Governor, referred to us as pitiful for raising concerns. We disagree with his misguided statement. There is nothing pitiful about analyzing legislation from all angles to determine its effect on our university. It is pitiful that he would make such an inflammatory comment.

79. Opposers Fight De-Annexation Another Day -

When the state Senate’s State and Local Government Committee convenes at noon Wednesday, March 21, in Nashville, Memphis Mayor Jim Strickland and his administration will have been working Capital Hill for about a day and a half.

80. Last Word: A Trip to Committee, Minority Business Moves and the Issue With Reissues -

So those who support the general concept of de-annexation in the Tennessee state Senate were the most vocal Monday in sending the proposal back to committee for a more intense examination.

There were plenty of Memphians in the Senate chambers Monday despite the rumors that this was on its way back to committee.
Staying put until the deal is done has been a lesson won through bitter experience for some Memphis leaders.
Despite hearing from legislators in other parts of the state who are uneasy about this, the opposition remains a Memphis thing in Nashville.
But the Senate sponsor, Bo Watson, stumped his toe badly on this when he shut down an amendment Senate Republican Leader Mark Norris of Collierville wanted to allow the voluntarily de-annexation of an area Millington recently took into its city limits.
So when the state and local government committee meets at noon Wednesday, it will be round – frankly, I forget which round it is. Just ring the bell and let’s see what happens.

81. De-Annexation Bill Sent Back to Legislative Committee -

The de-annexation bill pending in the Tennessee Legislature was sent back to a Senate committee in Nashville Monday, March 21, after those favoring the bill raised numerous questions about amendments to it.

82. Sports Notebook: Pastner Needs Assistant With Coaching History -

The University of Memphis decided to go into the next college basketball season with Josh Pastner returning for an eighth year as the Tigers’ coach, per the announcement released by university present M. David Rudd late last week.

83. The Week Ahead: March 21-27 -

How was your weekend, Memphis? Here’s our weekly roundup of local happenings you need to know about, from the first Great River Indoor Food Truck Festival to a celebration of late Memphis wrestler Sputnik Monroe.

84. Beale Authority Encounters Familiar Headwinds -

Somewhere near the beginning of the Thursday, March 17, meeting of the Beale Street Tourism Development Authority, Caren Nichol talked about how unique the entertainment district is because of its cultural and historical importance.

85. Wunderlich Names Head of Institutional Equity Sales -

The Wunderlich investment firm has added Ed Apple Jr. to its Equity Capital Markets division as managing director and head of the institutional equity sales effort.

With more than 10 years of institutional sales experience, Apple will oversee the firm’s institutional sales teams located in Memphis, Boston, New York, Baltimore, Denver and Newport Beach.

86. Editorial: We Don’t Need Forgiveness For Past Annexations -

The normal bait and switch and head fake that is par for the course in Nashville is underway again.

That’s why we will dispense with the cautionary statements from the state Senate expressing doubts about the deannexation bill on its way to the upper chamber at press time.

87. Beale Authority Reopens Management Firm Search, Draws Fire -

The Beale Street Tourism Development Authority has decided to reopen the process for finding a manager for the entertainment district, putting off the selection of a firm possibly until September.

In seeking new proposals by the end of June, the authority voted to keep the proposals from four companies the group has been reviewing for several months and allow those companies to amend their proposals if they wish.

88. Memphis Investment Firm Preserver Partners Launches Mutual Fund -

For the smaller investors that Memphis-based investment firm Preserver Partners LLC would like to attract to its newly launched mutual fund, one of the selling points is right there in the firm’s name.

89. County Commission Questions City Figures on Deannexation -

Some Shelby County Commissioners are skeptical about City Hall’s estimate of how much city government would lose in revenue if a deannexation bill in the Tennessee Legislature becomes law.

The commission’s discussion at Wednesday, March 16, committee sessions came as Memphis Mayor Jim Strickland was in Nashville to lobby against the bill in the state Senate.

90. Evergreen Packaging, Hollywood Feed Make Big HQ Moves -

At its March 16 meeting, the Memphis-Shelby County Economic Development Growth Engine Board approved tax incentives for two companies, creating 101 jobs and $8.1 million in local tax revenue.

A payment-in-lieu-of-taxes incentive went to Evergreen Packaging Inc., making Memphis the site of a global headquarters for a company with $5 billion in annual revenue.

91. FedEx CEO Downplays Amazon ‘Industry Disruption’ -

FedEx Corp. founder and CEO Fred Smith never said the word “Amazon,” but the e-commerce giant was clearly on his mind Wednesday.

Smith addressed speculation about “industry disruption” by Amazon from the outset of Memphis-based FedEx’s quarterly earnings conference call. He also defended the Trans-Pacific Partnership trade agreement, noting that both of the frontrunners for the Democratic and Republican presidential nominations are opposed to it.

92. Cordova Apartments Sell for $31.1 Million -

555 Wood Arbor Parkway
Memphis, TN 38018
Sale Amount: $31.1 million

Sale Date: March 2, 2016
Buyer: CEAI Grove LLC
Seller: Trinity 464 LLC
Loan Amount: $4.2 million
Borrower: CEAI Grove LLC
Lender: CBRE Multifamily Capital Inc.
Details: The Grove at Trinity Point apartments have sold for $31.1 million.

93. Last Word: The Bloody Shirt of Deannexation, More Boats and The Rise of ioby -

“Waving the bloody shirt” – get ready to hear that phrase a lot as a deannexation bill continues to be debated in Nashville – the one that the state House approved Monday evening.
There was a palpable frustration at City Hall during Tuesday’s council day that featured a light agenda but lots of attention to several challenges – many of them financial and hidden until recently – that the new mayor and council are facing.
As we mentioned in our Monday evening coverage of this, the skirmish lines over the deannexation bill and the larger issue are very close in Shelby County. Our legislative delegation is split between Memphis Democrats vocal in their outrage over the bill and Republicans in the county outside Memphis who are just as vehement in their support of the bill, especially the parts that apply to Memphis.

94. Council Tallies Damage in 'Day of Bad News' -

Memphis City Council member Berlin Boyd summed up City Hall’s attitude Tuesday, March 15, during the council’s executive session. “Today is the day of bad news,” he said after a briefing from Mayor Jim Strickland on the deannexation bill approved the night before by the Tennessee House.
That was followed by more details on the estimated $60 million it will cost to replace the entire radio system for local first responders from the radios to the towers used to transmit their signals.

95. Wunderlich Names Head Of Institutional Equity Sales -

The Wunderlich investment firm has added Ed Apple Jr. to its Equity Capital Markets division as managing director and head of the institutional equity sales effort.

With more than 10 years of institutional sales experience, Apple will oversee the firm’s institutional sales teams located in Memphis, Boston, New York, Baltimore, Denver and Newport Beach.

96. Grimes Joins Barge Waggoner As Transportation Project Manager -

Keafur Grimes has joined Barge, Waggoner, Sumner and Cannon Inc. as transportation project manager, bringing with him more than 35 years of experience. In his new role, Grimes manages transportation planning and construction projects to meet federal, state and local regulations; ensures that projects meet quality compliance and assurance standards as well as customer needs; and are delivered on time and within budget.

97. Memphis Leaders Taking New Offers for Old Police HQ -

The city of Memphis now has three offers to buy the old Central Police Station at 128 Adams Ave. and renovate it as a hotel. It will likely have even more offers by the time the Memphis City Council decides who, if anyone, to sell the circa-1910 building to at its April 19 meeting.

98. I Love MEM: Airport teams up with popular local blogger -

Every week, I Love Memphis blogger Holly Whitfield picks five events to include in her blog’s regular feature spotlighting things to do in Memphis during the coming weekend.

99. Cordova Apartments Sell for $31.1 Million -

The Grove at Trinity Point apartments have sold for for $31.1 million.

In a March 2 warranty deed, Trinity 464 LLC sold the Cordova property to CEAI Grove LLC. In conjunction with the sale, CEIA Grove signed a certificate of joint venture with Fundrise Real Estate Investment Trust.

100. Tri-State Bank Prepares For Big Year -

The way longtime Memphis banking executive Christine Munson sees it, a small community bank has to carve out a clearly defined identity for itself - something that sets it apart from the myriad competitors of similar size, with comparable products and rates - if it wants to be successful.