Land Near Florida Street

Financed for $7.3 Million

Rivertown Development LP has financed two parcels near Florida Street and Belz Boulevard for $7.3 million, according to The Daily News Public Records Database, www.memphisdailynews.com. Deutsche Bank Berkshire Mortgage Inc. is the lender.

Construction Spending

Sees December Increase

Nationwide, construction spending rose 1.1 percent in December, the U.S. Department of Commerce reported Tuesday. The increase followed a rise of 0.3 percent in November. For full-year 2004, building activity rose 9 percent to $998.4 billion, marking the strongest increase since a 10.4 percent jump in 1996.

Coors Shareholders

Approve Molson Merger

Shareholders of Adolph Coors Co. have approved the companys $3.4 billion merger with Canada's Molson Inc. A final approval hearing is scheduled for Wednesday in Quebec Superior Court. The deal is expected to close Feb. 9. Coors operates a plant at 5151 E. Raines Road in Memphis.

DRB to Discuss

Main Street Project

The Center City Commission Design Review Board will discuss a mixed-use construction project involving the proposed renovation of four buildings at 99-105 S. Main St. at a 5 p.m. meeting today at 114 N. Main. The board also will discuss signage for the Hooters restaurant going in at 250 Peabody Place.

State Gets $1.03 Million

in Energy Aid Funds

The state of Tennessee is getting an additional $1.03 million in Low Income Home Energy Assistance Program emergency funds, the U.S. Department of Health and Human Services announced. The money, part of $100 million in new LIHEAP funds granted nationwide, is earmarked to help the states low-income families pay heating bills.