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VOL. 123 | NO. 162 | Tuesday, August 19, 2008

Memphis Heritage Questions Overton Square Development

In response to news that has circulated over the past week about a major retail development in the works for Overton Square, Memphis Heritage Inc. has gone into what its executive director June West calls “research mode.”

MCS Seeks Mediation With Council Over Funding

Memphis City Schools wants a court to force the school district and the Memphis City Council to begin mediation to negotiate a compromise that preserves $423 million in state funding for MCS.

Tanner Stresses Importance of NATO in Light of Georgian Events

As a tenuous cease-fire between Russian and Georgian military forces in Georgia held over the weekend, U.S. Rep. John Tanner, D-Tennessee, was among those focused on the next response from the U.S. and its European allies.

Charter Commission To Consider Staggered Terms

The Memphis Charter Commission is considering a significant change to local election cycles as part of a proposed move to staggered terms for City Council members.

Playhouse on the Square To Build New Theater

60 S. Cooper St., Memphis, TN 38104, Permit Cost: $8.3 million -
Application has been made for a building permit for the new Playhouse on the Square theater that will be at the northeast corner of Cooper Street and Union Avenue. The project will include about 35,000 square feet of new construction, which will be the theater itself. The theater will be three stories tall, and a flyhouse – where the scenery withdraws into – will be above the theater and will add about two stories to the building.

Local Weather
Currently
Memphis, TN
39.0°F
Mostly Cloudy
Wind: South at 5.8 mph
Humidity: 73%

EVENTS

The East Memphis Kiwanis Club will meet today at noon at The Racquet Club of Memphis, 5111 Sanderlin Ave. Gigi Lee with Wings Cancer Foundation will speak. For more information or reservations, e-mail Mathis Young at mathis.young@bankparagon.com.

more events »

PBGC Downplays Investment Plan Risks

WASHINGTON (AP) – The federal agency charged with backstopping pension benefits for 44 million Americans has understated the risks of its new investment policy, a congressional watchdog said Monday.

Tenn. Official Disputes Appraisal Records

NASHVILLE, Tenn. (AP) - Tennessee's Real Estate Appraiser Commission is disputing a federal agency's records showing the state failed to revoke the licenses of any rogue appraisers within the last 14 years.

Kurita Challenger Plans to Contest Election Result

CLARKSVILLE, Tenn. (AP) - The primary challenger to state Sen. Rosalind Kurita says he will contest his 19-vote loss in last week's race.

Weak Rules Cripple Appraiser Oversight

CHARLOTTE, N.C. (AP) - As soaring home prices set the stage for America's great housing meltdown, a critical step in making sure those home sales were a fair deal - the real estate appraisal - was undermined from within.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 82 82 19,655
MORTGAGES 75 75 22,989
FORECLOSURE NOTICES 7 7 8,311
BUILDING PERMITS 138 138 40,167
BANKRUPTCIES 72 72 13,176
BUSINESS LICENSES 9 9 6,146
UTILITY CONNECTIONS 52 52 13,048
MARRIAGE LICENSES 30 30 4,872

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The Memphis News: Business, politics, and the public interest.