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VOL. 125 | NO. 124 | Monday, June 28, 2010

Daily Digest

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MBS Files $12.5M Permit For Legend Park West

McCormack Baron Salazar has filed a $12.5 million master permit with the city-county Office of Construction Code Enforcement for Legends Park West, part of the overall Legends Park development on the former Dixie Homes housing project site.

Caroma Construction Co. Inc. is general contractor for the project and Architecture Inc. for this portion of the mixed-used development. Both firms are involved with Legends Park East as well.

Legends Park sits along the north side of Poplar Avenue. It is bounded by Interstate 40 to the north, Decatur Street to the east and Ayers Street to the west. The formal address for the west end of the development is 922 Mosby Ave.

St. Louis-based McCormack Baron Salazar also developed University Place on the site of the former Lamar Terrace public housing project at Lamar and I-240.

The development is part of the Memphis Housing Authority’s Hope VI revitalization project, for which MHA has received several grants to fund affordable housing for Memphis citizens.

MHA was granted $20 million for the project. It sits across the street from Le Bonheur Children’s Medical Center, which recently wrapped construction of its $340 million pediatric medical center.

Source: The Daily News Online & Chandler Reports

Eric Smith

Negotiations Near For Downtown Garage

Negotiations are basically complete between Main Street Parking LLC and Downtown development officials for Main Street Parking – a group that includes hotel developer Greg Averbuch – to take over operation of the Shoppers Garage at 85 N. Front Street.

Downtown Parking Authority and Center City Commission officials liked Main Street Parking’s proposal for the job for reasons that include the possibility of the garage serving hotel guests as well as the public.

Averbuch’s Summit Management Corp. developed and operates three Downtown hotels in the vicinity of the garage.

Andy Meek

UT Board of Trustees Approves Tuition Hikes

The University of Tennessee Board of Trustees has approved a $1.9 billion budget for fiscal year 2011, which includes tuition hikes.

Tuition at the University of Tennessee Health Science Center in Memphis will increase 10 percent for both in-state and out-of-state students, but some academic programs have exceptions.

This budget is the final year that will include federal stimulus funds.

Tuition increases were also approved for other campuses within the UT system. The new revenue will help with increased operating costs and help prepare for looming reductions in state funding.

The university system faces a $24.2 million cut in state appropriations this year. The three-year cumulative cut of $110 million or nearly 22 percent of state funding will be implemented once stimulus funds expire on June 30, 2011.

Tom Wilemon

US Houses Approves Medicare Reprieve

The U.S. House of Representatives has followed the U.S. Senate in approving a six-month reprieve for steep cuts to Medicare and TRICARE reimbursements to physicians. President Obama signed the legislation Friday morning.

The 21 percent cuts in reimbursement rates went into effect June 1 after an earlier reprieve expired. The cuts are mandated by a sustainable growth rate formula set in the Balanced Budget Act of 1997.

Dr. Cecil B. Wilson, president of the American Medical Association, called the latest move by Congress a “patch” and pointed out that the first wave of baby boomers will be qualifying for Medicare. He said if the current system isn’t fixed these new Medicare recipients will have trouble finding doctors.

– Tom Wilemon

Naturalized Citizen Sues DOS For Document Seizure

A naturalized U.S. citizen is suing the Tennessee Department of Safety after driver’s license station workers confiscated her proof of citizenship.

The suit was filed in federal court Thursday by 21-year-old Diana Mata-Cuellar of Morristown. It seeks class-action status, claiming that driver’s license clerks have seized at least 100 documents in the past five years.

Department of Safety spokeswoman Dalya Qualls told The Tennessean that clerks who think a document looks suspicious must make additional checks. The lawsuit claims those checks were not made.

The suit accuses the department of civil rights violations and seeks an injunction to keep employees from confiscating identification documents from Hispanics.

– The Associated Press

Rally Shows Opposition To Tenn. Immigration Bill

A rally at the state Capitol has shown opposition to an immigration bill passed by the Legislature.

About 100 people gathered Thursday on the Capitol steps to speak against the bill that would require jailers to report suspected illegal immigrants booked into their lockups.

The Tennessean quoted youth minister Josue Rodriguez, who said if the bill becomes law it would alienate all immigrants and hurt Nashville’s hospitality image.

Participants lighted candles and carried signs reading “What Happens in AZ Should Stay in AZ” – a reference to Arizona’s stringent immigration law.

– The Associated Press

PROPERTY SALES 27 150 2,415
MORTGAGES 57 228 2,835
BUILDING PERMITS 157 441 6,509
BANKRUPTCIES 61 133 1,920