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VOL. 123 | NO. 11 | Wednesday, January 16, 2008

Down Time

Permits plummet 35 percent in '07

It was the year the Cordova headquarters of Shelby County's largest homebuilder was foreclosed and sold at auction.

Bioworks Foundation Treads Fine Line Of Space, Funding

Launching a biotech venture takes technology, scientific talent, a business plan and a basket full of money. But nothing is quite so visible as real estate: Whenever Steve Bares explains the vision for the University of Tennessee-Baptist Research Park, he's got a copy at hand of a rendering to show what the place will look like in 10 years.

UTHSC College of Allied Health Sciences Appoints Frey as Dean

Dr. William R. Frey has been appointed dean of the College of Allied Health Sciences at the University of Tennessee Health Science Center.

Obama’s Memphis Office to Open Thursday in Eastgate

With three weeks to go before Tennesseans vote in the Feb. 5 “Super Tuesday” presidential primary, the campaign of Sen. Barack Obama, D-Ill., has established an office in Memphis and will host a grand opening celebration Thursday night. The Obama campaign, which opened an office in Nashville earlier this month, is leasing space in the Eastgate Shopping Center, at 5026 Park Ave.

State Seeks to Lift Ban on Checking TennCare Status for Thousands

NASHVILLE (AP) - The state plans to ask a federal judge to lift a ban on checking the TennCare eligibility of about 154,000 people currently on the rolls of the state's expanded Medicaid program.

Local Weather
Currently
Memphis, TN
76.0°F
Mostly Cloudy
Wind: West at 6.9 mph
Humidity: 74%

EVENTS

The Alliance for Nonprofit Excellence will host a workshop titled "The Essentials of Human Resource Management" today from 9 a.m. to 1 p.m. at The Assisi Foundation of Memphis Inc., 515 Erin Drive. Tiffany Chisnall, director of employee services and development at Memphis Area Teachers' Credit Union, will present the workshop. The cost is $65 for Alliance members, $55 for participants in the Alliance's Program for Nonprofit Excellence and $99 for nonmembers. For more information or to make reservations, call Nancy McGee at 684-6605.

more events »

Thomas & Betts to Sell Product Lines

MEMPHIS (AP) - Thomas & Betts Corp. on Tuesday said it decided to sell its portfolio of polyvinyl chloride and high-density polyethylene conduit, duct and pressure pipe products after a review of its recently acquired plastic pipe business.

Treasurer Concerned About Implementing Divestment Proposals

NASHVILLE (AP) - Tennessee Treasurer Dale Sims says he is concerned about how his agency would ban the state from investing in companies that deal with nations accused of supporting genocide or terrorism.

Bill Would Allow Legislature's Sergeants-at-Arms to Carry Guns

NASHVILLE (AP) - Sergeants-at-arms in the Tennessee General Assembly would be allowed to carry guns under legislation being proposed by a Senate Republican.

Sen. Alexander to try again on bill for English-only workplaces

NASHVILLE (AP) - Tennessee Sen. Lamar Alexander is again trying to pass legislation that lets companies ban workers from ever speaking a language other than English in the workplace.

Donald Allows School Construction While Mayors Call Off Meeting With Gov.

U.S. District Judge Bernice Donald ruled Wednesday afternoon that the Shelby County school system can build two new schools – one middle school and an elementary school – to be ready for students in the 2009-2010 school year.

First Horizon Execs to Cushion Earnings Blow

First Horizon National Corp. will make its fourth quarter earnings announcement Thursday, closing the books on a turbulent 2007 for the Memphis-based financial services company.

Permits Drop 64 Percent In Fourth Quarter

New Q4 residential building permits in Shelby County were down 63.7 percent compared to permit numbers for fourth quarter 2006 - 326 compared to 898, according to the most recent data from real estate information company Chandler Reports, www.chandlerreports.com.

Pyramid And Fairgrounds Intertwine

Perhaps it was only a matter of time before the concept of consolidation applied itself to the two most complex civic adventures other than a local government merger.

Primary Voting Begins Today

Early voting in the Feb. 5 Tennessee presidential primaries and the primaries for Shelby County property assessor and General Sessions Court clerk opens today.

Bredesen to Avoid Abortion Proposal

NASHVILLE (AP) - A Republican-sponsored effort to cancel a state Supreme Court ruling on abortion rights in Tennessee may go against Gov. Phil Bredesen's personal beliefs, but he said there's little room for him to get involved in the debate.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
FORECLOSURE NOTICES 29 82 1,716
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700
BUSINESS LICENSES 28 151 3,584
UTILITY CONNECTIONS 33 172 4,155
MARRIAGE LICENSES 20 111 2,290

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