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Editorial Results (free)

1. 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.

2. 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.

3. 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.”

4. 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.

5. 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.

6. Environmental Report on Pipeline Favorable for Developers -

RICHMOND, Va. (AP) — The Atlantic Coast Pipeline intended to carry natural gas across West Virginia, Virginia and North Carolina would have some adverse environmental effects, including impacts on water resources, forest and other habitats, but most could be reduced to insignificant levels, an assessment by federal regulators found.

7. Initial Public Offerings Scheduled to Debut This Week -

NEW YORK (AP) — The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.

Week of July 24:

8. County Pulls Permit For Rape, Crime Victims Center -

Shelby County government is about to begin a renovation of the former Shelby County Forensic Center building at 1060 Madison Ave. to convert it into the new offices of the Rape Crisis Center and Crime Victims Center.

9. Guest Op-Ed: Memphis 3.0? Let’s Think More About Memphis 10.0 -

Lately I’ve been asking myself a question, “What would it take for Memphis to reduce poverty by 50 percent in the next 15 years?” Furthermore, “What would it take for Memphis to be the size of New York in 50 years?”

10. Scene Change -

The sprawling mixed-use complex opening next month on North Cleveland in Midtown is a high-profile example of where Memphis’ art community finds itself at the halfway mark in 2017.

When Crosstown Concourse opens there Aug. 19, it won’t just represent a new beginning that turns a former Sears distribution center into a 1.5-million-square-foot community mainstay. With tenants like Crosstown Arts moving in, the development is also a representation of how the city’s arts landscape is changing this year.

11. 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.

12. 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.

13. County Pulls Permit for New Rape Crisis-Crime Victims Center -

Shelby County government is about to begin a renovation of the former Shelby County Forensic Center building at 1060 Madison Avenue to convert it into the new offices of the Rape Crisis Center and the Crime Victims Center.

14. 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.

15. Memphis 3.0? Let’s Make Memphis 10.0 -

Lately I’ve been asking myself a question, “What would it take for Memphis to reduce poverty by 50 percent in the next 15 years?” Furthermore, “What would it take for Memphis to be the size of New York in 50 years?”

16. 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.

17. Wall Street's Goldman Sachs Moves Quietly Into Main Street -

NEW YORK (AP) – More homeowner, less hedge fund titan. Goldman Sachs, long known for its super-rich clients and well-connected executives, is starting to act a lot more like a neighborhood bank.

18. Political Differences Endure After $4.11 Shelby County Tax Rate Compromise -

Shelby County commissioners were still calculating Monday, July 17, after they passed a compromised, $4.11 county property tax rate that appears will stay put long enough for the commission to take a final vote Wednesday at a special meeting.

19. County Commission Approves Compromise $4.11 County Property Tax Rate -

Shelby County commissioners compromised on a $4.11 county property tax rate Monday, July 17, on the way to a final vote on the compromise tax rate at a special meeting Wednesday that would bring down the curtain on the county budget season.

20. 100 North Main Sale Delayed Another Month -

The fate of the tallest building in Memphis has been postponed for another month. Attorney Billy Moss announced that the foreclosure auction would be postponed until Wednesday, Aug. 16, on the steps of the Judge D'Army Bailey Courthouse, 140 Adams Ave. In 2015, IMH Memphis, the current owners, purchased the vacant building that was built in 1965 for $5 million. IMH Memphis subsequently took out a $2.8 million mortgage with New York-based Shadow Tree Capital Management LLC – the source of the delays in auctioning off the building.

21. 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.

22. Council Delays Discussion About Future of DMC, RDC -

Memphis City Council members put off a discussion Tuesday, July 11, on a call to look at restructuring or abolishing the Downtown Memphis Commission and the Riverfront Development Corp.

23. Thomas and Betts Expanding, Creating 90 New Jobs -

New details are emerging surrounding the relocation Thomas & Betts’ headquarters as the manufacturing company has announced that it is expanding its operations in Memphis by consolidating its R&D Functions to a new facility in Memphis, creating 90 new jobs.

24. Malco Pulls Additional Building Permit for Downtown Theater -

Malco Theatres’ Downtown movie theater continues to take shape, with the Memphis-based cinema chain seeking its second multimillion-dollar building permit for the project in recent months.


45 E. G.E. Patterson Ave.
Memphis, TN 38103
Permit Amount: $5 million

25. Malco Pulls Additional Building Permit for Downtown Theater -

45 E. G.E. Patterson Ave.

Memphis, TN 38103

Permit Amount: $5 million

Project Cost: $55 million

Application Date: July 2017

Owner: Henry Turley Co. and Community Capital

26. Additional Sanitation Workers May Get Benefits -

The city of Memphis had 1,100 sanitation workers when the historic strike began in February 1968, with close to 1,000 of them walking off the job following the grisly deaths of two of their own trapped in the grinder of a garbage truck in East Memphis.

27. County Commission Leans Back to $4.13 Tax Rate -

Shelby County Commissioners took a step Wednesday, July 12, toward taking back a 3-cent cut in the county property tax rate.

And in the budget committee session, commissioners favoring the tax cut to a $4.10 tax rate said they would reopen this week’s contentious budget debate if the $4.13 tax rate appears to have traction when the full commission meets Monday, July 17.

28. Commission Goes Back to $4.13 County Property Tax Rate -

Shelby County Commissioners took a step Wednesday, July 12, toward taking back a three-cent cut in the county property tax rate.

And in the budget committee session, commissioners favoring the tax cut to a $4.10 tax rate said they would reopen this week’s contentious budget debate if the $4.13 tax rate appears to have traction when the full commission meets Monday, July 17.

29. Council Approves Sanitation Workers Benefits -

There may be more than 14 city sanitation workers from 1968 who are still alive. And the city is double-checking its list as the Memphis City Council approved Tuesday, July 11, the payment of $50,000 grants to 14 of the workers it has already identified including four still working for the city.

30. Council Delays Discussion About Future of DMC, RDC -

Memphis City Council members put off a discussion Tuesday, July 11, on a call to look at restructuring or abolishing the Downtown Memphis Commission and the Riverfront Development Corp.

31. Commission Approves $1.2B County Budget -

At the end of a marathon seven-hour meeting Monday, July 10, with one item on its agenda, the Shelby County Commission agreed on a $1.2 billion budget, including about $1.4 million in amendments added by the commission.

32. County Budget Accord Reached But Property Tax Rate Still In Flux -

At the end of a marathon seven-hour meeting Monday, July 10, with one item on its agenda, the Shelby County Commission agreed on a $1.2 billion budget including about $1.4 million in amendments added by the commission.

33. 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.

34. East Memphis Office Building Sells for $7 Million -

A 79,000-square-foot office building in East Memphis has switched hands in a multimillion-dollar deal.

Gregory Realty GP purchased the Class B building at 855 Ridge Lake Blvd. for $7 million from Israel-based investors Faropoint Ventures, doing business as Ridge Lake TN Realty Holdings LLC.

35. Financing Set for New TAG Truck Center -

Financing has been completed for the new TAG Truck Center facility that will be located where the former Mall of Memphis once stood at 4451 American Way.

36. Malco Pulls 2nd Building Permit for Downtown Theater -

Malco Theatres’ Downtown movie theater continues to take shape, with the Memphis-based cinema chain seeking its second multimillion-dollar building permit for the project in recent months.

Malco has filed a $5 million building permit application with the Office of Construction Code Enforcement for the seven-screen theater being built at at 45 E. G.E. Patterson Ave., at the southeast corner of G.E. Patterson and Front Street. The application lists Linkous Construction Co. as the contractor, SRC Consultants as the engineer and TK Architects as the architect.

37. 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.

38. Financing Set for New TAG Truck Center -

Financing has been completed for the new TAG Truck Center facility that will be located where the former Mall of Memphis once stood at 4451 American Way.

39. 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.

40. 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.

41. East Memphis Office Building Sells for $7 Million -

A 79,000-square-foot office building in East Memphis has switched hands in a multimillion-dollar deal.

Gregory Realty GP purchased the Class B building at 855 Ridge Lake Blvd. for $7 million from Israel-based investors Faropoint Ventures, doing business as Ridge Lake TN Realty Holdings LLC.

42. 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.

43. $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...

44. Darden CEO: Millennials Still Enjoy Chains Like Olive Garden -

NEW YORK (AP) — Millennials may be shunning some habits beloved by past generations, but one restaurant company CEO says they still want to go to sit-down chains like Olive Garden.

"Believe it or not, millennials still want to come to restaurants," Gene Lee, chief executive of Olive Garden's parent company Darden Restaurants, said Tuesday, based on what he said was the company's research.

45. 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.

46. SCS, Churches Partner On Student Achievement -

Shelby County Schools superintendent Dorsey Hopson and the leaders of several local faith-based organizations announced a partnership Thursday, June 22, called “One Church, One School.”

47. $18.5 Million Permit Filed For Central Station Project -

The developers of the Central Station, located at 545 S. Main St., filed an $18.5 million building permit application with the city-county Office of Construction Code Enforcement to convert the existing building from residential apartments to a hotel.

48. Snapshot: Hall for Hoops -

Work is winding down on Traditions Hall, the main entrance to the University of Memphis' new men's basketball training facility. The room will have trophies and other memorabilia recognizing the history of success of the men's basketball program. The 58,000-square-foot basketball center will include new practice courts, an academic support center and enhanced weight and training facilities. It is scheduled to open in October.

49. Buffett's Company Lends $1.5B to Home Capital, Invests $300M -

OMAHA, Neb. (AP) — Warren Buffett's company is lending $1.5 billion to Home Capital and spending roughly $300 million to purchase nearly 40 percent of the troubled Canadian lender's stock.

50. 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.

51. 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.

52. Council Urges County to Keep Juvenile Court Agreement -

Memphis City Council members approved a resolution Tuesday, June 20, urging county government leaders to keep in place the memorandum of agreement with the Justice Department governing conditions and due process measures at Memphis-Shelby County Juvenile Court.

53. FedEx Corp. Reports Strong Q4, Fiscal Year -

Memphis-based FedEx Corp. reported a record Q4 and full-year earnings at its fourth-quarter earnings call Tuesday, June 20.

54. Many Businesses Not Prepared for Cyber Attacks -

While most local businesses believe a cyber attack or hack could significantly impact their bottom lines, many are not adequately prepared, according to a recent survey by SunTrust Bank.

55. City Council Approves DROP Freeze, Delays Stormwater and Sewer Fee Votes -

The city has its third voluntary freeze on retirements in two years with a Tuesday, June 20, vote by the Memphis City Council. But it came after lots of council debate about whether the freeze might have the opposite overall effect of stabilizing the Memphis Police force at the top for future growth in the ranks below or whether it will prompt the middle ranks to exit quicker if they can’t rise in the ranks.

56. Events -

Talk Shoppe will meet Wednesday, June 21, from 9 a.m. to 10 a.m. in NovaCopy’s conference room, 7251 Appling Farms Parkway. Diane Neal of USHealth Advisors will present “Helping Small-Business Owners, Self-Employed and Families Get Affordable Health Coverage.” Cost is free. Visit talkshoppe.com.

57. 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.

58. 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.

59. Events -

The city of Germantown’s Groovin’ and Grillin’ Concert Series wraps up Tuesday, June 20, from 6 p.m. to 8:30 p.m. at the Kiwanis Pavilion at Municipal Park on Exeter Road. Bluff City Soul Collective will perform at 7 p.m. Concert is free; hot dogs and hamburgers available for purchase. Visit germantown-tn.gov.

60. 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.

61. Commission OKs Funding For Old Forensic Center -

Shelby County Commissioners approved a $4 million contract with Jaycon Development Corp. Monday, June 12, for the renovation of 1060 Madison Ave., which served as the county forensic center until 2012 and is slated to become the new location of the Rape Crisis Center and the Crime Victims Center.

62. Wunderlich Seeks $100K Improvement Grant for One Commerce Move -

Wunderlich Securities Inc. is seeking a $100,000 grant from the Center City Development Corp. for the coming move of its headquarters to One Commerce Square.

63. 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.

64. 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.

65. 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.

66. Gunman Who Shot Congressman Had History of Anti-GOP Activity -

BELLEVILLE, Ill. (AP) – The gunman who shot a top GOP congressman and several other people Wednesday at a baseball practice outside the nation's capital had a long history of lashing out at Republicans and once frightened a neighbor by firing a rifle into a field behind his Illinois house.

67. Hernando Ice Cream Parlor Preparing Crosstown Location -

1350 Concourse Ave.

Memphis, TN 38104

Permit Amount: $80,000

Application Date: June 2017

68. 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.

69. Commission OKs Funding For Old Forensic Center -

Shelby County Commissioners approved a $4 million contract with Jaycon Development Corp. Monday, June 12, for the renovation of 1060 Madison Ave., which served as the county forensic center until 2012 and is slated to become the new location of the Rape Crisis Center and the Crime Victims Center.

70. 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.

71. 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.

72. Methodist Healthcare Executive Retires -

Dave Rosenbaum, Methodist Le Bonheur Healthcare’s vice president of facilities management, has announced his plans to retire beginning June 23.

Rosenbaum has worked at Methodist for the past 23 years managing the operation of more than 5 million square feet of facilities, including 3 million square feet of hospital space.

73. Railgarten Could Be Back At Memphis City Council -

The Memphis City Council may have more questions about the Railgarten bar/restaurant in Midtown.

The council questioned the development’s addition of intermodal containers and an outside area after the council approved a special use permit earlier this year.

74. Univ. of Memphis Board OKs Tuition, Salary Hikes -

The University of Memphis board of trustees has approved a tuition increase for students, as well as salary increases for employees.

The 2.6 percent tuition increase approved Tuesday, June 6, applies to undergraduate, graduate and law students. Fees will stay the same, but housing rates will rise 5 percent.

75. EDGE Approves Pair Of ICED Loans -

Two Memphis businesses are set to receive Inner City Economic Development loans to improve their facilities.

The Economic Development Growth Engine finance committee voted Wednesday, June 7, to award a $20,000 loan to HopeWorks, located at 3337 Summer Ave. in Highland Heights, and a $19,000 loan to Orca Printing, located at 1808 September Ave. in Southeast Memphis.

76. EDGE Approves Pair of Inner City Development Loans -

Two Memphis businesses are set to receive Inner City Economic Development loans to improve their facilities.

The Economic Development Growth Engine finance committee voted Wednesday, June 7, to award a $20,000 loan to HopeWorks, located at 3337 Summer Ave. in Highland Heights, and a $19,000 loan to Orca Printing, located at 1808 September Ave. in Southeast Memphis. The forgivable ICED loans will help offset the costs of physical improvements to their locations.

77. Forum Shines Light on Rural Hospital Woes -

President Donald Trump’s proposal to cut billions from Medicaid’s budget would have “serious implications” on rural Tennessee hospitals.

That was the assessment of researchers from the Georgetown University Center for Children and Families, the University of Tennessee Health Science Center’s Department of Family Medicine, Healthcare Management Partners and local stakeholders who gathered in Jackson, Tenn., Wednesday for a public forum on the impact of federal health policy on the health of rural Tennessee.

78. 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.

79. 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.

80. 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.

81. 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.

82. Railgarten Could Be Back At Memphis City Council -

The Memphis City Council may have more questions about the Railgarten bar/restaurant in Midtown.

The council questioned the development’s addition of intermodal containers and an outside area after the council approved a special use permit earlier this year.

83. University of Memphis Board OKs Tuition, Salary Increases -

The University of Memphis board of trustees has approved a tuition increase for students, as well as salary increases for employees.

The 2.6 percent tuition increase approved Tuesday, June 6, applies to undergraduate, graduate and law students. Fees will stay the same, but housing rates will rise 5 percent.

84. 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.

85. City Council Completes Budget Season, Says Larger Issues of Priorities Remain -

Memphis City Council members approved Tuesday, June 6, a $680 million city operating budget for the fiscal year that starts July 1, an $81.3 million capital budget and a $3.27 city property tax rate.

86. Methodist Healthcare Executive Retires -

Dave Rosenbaum, Methodist Le Bonheur Healthcare’s vice president of facilities management, has announced his plans to retire beginning June 23.

Rosenbaum has worked at Methodist for the past 23 years managing the operation of more than 5 million square feet of facilities, including 3 million square feet of hospital space.

87. 2 Businesses Seek Inner City Loans From EDGE to Grow -

Two local businesses that are looking to grow their footprint in traditionally underserved areas of Memphis are seeking forgivable loans for building improvements from the Economic Development Growth Engine for Memphis and Shelby County.

88. 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.

89. 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.

90. 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.

91. 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.

92. Nashville Tops Memphis As Tennessee’s Largest City -

Newly released figures indicate Nashville has overtaken Memphis as Tennessee’s largest city.

The Tennessean reports population estimates released Thursday by the U.S. Census Bureau put the state capital’s 2016 population at 660,388, compared to Memphis’ 652,717. The two have traded places on the list of the nation’s largest cities, with Nashville ranking 24th and Memphis 25th.

93. 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.

94. 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.

95. 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.

96. Shelby County Schools Debates Funding Strategy for Budget -

Shelby County Schools board members approved a two-year contract extension through the 2019-2020 school year for superintendent Dorsey Hopson Tuesday, May 30, with no debate or discussion and sent a combined $1.3 billion operating and capital budget proposal to the Shelby County Commission for approval.

97. 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.

98. Demand for Smaller Industrial Facilities Growing -

Even though massive deals like Niagara Bottling’s 554,000-square-foot facility and McCormick & Co.’s 615,000-square-foot operation next door in Gateway Global Logistics Center often steal the spotlight, they only paint part of the picture of North Mississippi’s industrial market.

99. US Growth in First Quarter Upgraded to Still-Slow 1.2 Percent Rate -

WASHINGTON (AP) – The U.S. economy began 2017 with a whimper – though not quite as weak a whimper as the government had first estimated.

The gross domestic product – the broadest gauge of the economy – expanded in the January-March quarter at a 1.2 percent annual rate, the government said Friday. That was better than its initial estimate of a 0.7 percent rate but far below President Donald Trump's growth targets, which most economists consider unrealistic.

100. Nashville Overtakes Memphis as Tennessee's Largest City -

NASHVILLE, Tenn. (AP) – Newly released figures indicate Nashville has overtaken Memphis as Tennessee's largest city.

The Tennessean reports (http://bit.ly/2rUHFru) population estimates released Thursday by the U.S. Census Bureau put the state capital's 2016 population at 660,388, compared to Memphis' 652,717. The two have traded places on the list of the nation's largest cities, with Nashville ranking 24th and Memphis 25th.