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VOL. TMN-9 | NO. 21 | Saturday, May 21, 2016
Weekly Issue

One Family

Shadyac's plan seen as a catalyst to revive Soulsville community

An unprecedented private investment aims to restore a commercial heart to the Soulsville USA neighborhood, where a pair of sprawling buildings take up nearly a full block across from the Stax Museum of American Soul Music. It isn’t an eyesore, but inactivity within those walls has been a drag on the community.

Editorial: Look at the ‘Grand Plan,’ Then Look Beyond It

From a supermarket to a community center. From a produce section to a climbing wall. That is now the plan for a major part of the Soulsville redevelopment.

Crosstown High Organizers Say It Will Be Innovative, Whether Charter or Optional

Crosstown High School could be a charter school after all.

City Opens Coliseum To Experts In June

For a week in June, the city will allow citizen groups with qualified experts including architects and engineers to have access to the Mid-South Coliseum for four hours at a time twice a day.

St. Jude Pulls $84.5M Permit for Expansion

St. Jude Children’s Research Hospital has applied for an $84.5 million permit for construction on its Downtown campus, part of a $9 billion strategic plan announced late last year.

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EVENTS

Memphis Blues Society and Overton Square will open its 2016 Bluesday Tuesday concert series with Earl "The Pearl" Banks on Tuesday, May 24, from 7:30 p.m. to 9:30 p.m. in the Tower Courtyard, 2101 Madison Ave. Cost is free. Visit overtonsquare.com for a series schedule.

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BRIDGES Celebrates Retirement of CFO Bob Rogalski

The BRIDGES mission is as clear as it is bold: “To unite and inspire diverse young people to become confident and courageous leaders committed to community transformation.”

Alexis Pugh to Lead Memphis Animal Shelter

Memphis Mayor Jim Strickland has appointed Alexis Pugh, executive director of Mid-South Spay and Neuter Services, as the new director of Memphis Animal Services, effective in June.

EMPHASIS Health Care

Medical Device Startup Founders Flock To Memphis for ZeroTo510 Cohort

It was during a hospital stay for severe abdominal pain while Srinath Vaddepally was studying for his master’s degree that he got an idea for the product and company that would eventually bring him to Memphis.

West Cancer Doc Building Blood and Marrow Transplant Program

As a measure of how far Dr. Yasser Khaled’s field has come, the medical director of the West Cancer Center’s recently formed Blood and Marrow Transplant Program still recalls some eye-opening statistics that date back to his early days in the field some 15 years ago.

Lendermon Sports Medicine Explores Non-Surgical Healing Methods

Laura Lendermon is amazed at how the body works. As a former college athlete and lifelong runner, she’s familiar with the aches and pains athletes experience. As a doctor, she’s knowledgeable on a much deeper level of the magic of the human body.

Baptist Executive Vaughn Receives U of M’s Highest Alumni Award

Anita Vaughn’s notable 43-year career with Baptist Memorial Hospital started on a whim.

THE MEMPHIS NEWS ALMANAC

May 20-26: This Week in Memphis History

2006: Shelby County’s reliance on manufacturing jobs is dropping, according to state labor figures, which show that 14 manufacturing companies have closed or cut back their workforces in Shelby County since January 2003. The closings and cutbacks account for the loss of 1,240 jobs.

ECONOMIC DEVELOPMENT

EDGE OKs Fast Track PILOT Program

The board of the Memphis-Shelby County Economic Development Growth Engine has approved a new tax incentive package designed to give Memphis a more competitive edge against North Mississippi.

DOWNTOWN

Grant Touts Ghost River Brewing as Neighborhood Asset

The Center City Development Corp. has awarded its largest storefront improvement grant to date to Ghost River Brewing Co., which plans to use the $65,500 to building an outside patio and taproom at its 827 S. Main St. facility.

Private Donor Backs Harahan Bridge Lighting

The Harahan Bridge could be getting a $5 million light show. A private donor, working through the Community Foundation of Greater Memphis, has backed the multimillion-dollar effort to light up the 5,000-foot-long bridge as part of the greater Main Street to Main Street Multi-Modal Connector Project.

Mud Island Search Becomes Dilemma

The Riverfront Development Corp.’s time before the Memphis City Council’s budget committee this week was short.

RESTAURANT NEWS

Bakery, Cafe Planned For Chiwawa Space

Daniel Flanagan is moving forward with a new concept at 2059 Madison Ave., the Overton Square space where his restaurant Chiwawa closed almost a year ago and where he apparently has plans for a bakery and cafe.

Bakers Whip Up New Downtown Business

Mary Katherine Dunston and Courtney Lollar have built guitars, iPhones and motorcycles out of cake and icing.

REAL ESTATE RECAP

Poplar Place Apartments Sell for $15.3 Million

1669 Randolph Place, Memphis, TN 38120 -
The 220-unit Poplar Place apartments in East Memphis have sold for $15.3 million, or $69,409 per unit.

ENTREPRENEURSHIP

Ag-Focused Startup Accelerator Launching Cohort

The community of startup founders launching companies in Memphis keeps getting bigger.

GREEN

Check This Out: Memphis Library Visitors Can Now Access Seeds

Thanks to its many books available for perusal, a library can be thought of as a veritable garden of wisdom, scholarship and literature for visitors to sample and enjoy.

OVERTON PARK

Overton Mediation Looks at Reality Of North Parkway On-Street Parking

Where shuttle buses will drop off those bound for Overton Park and the Memphis Zoo in particular, as well as the public’s reaction to newly created on-street parking on North Parkway are issues being discussed in mediation to resolve the park’s Greensward controversy.

SPORTS

New FESJC Director Hoping for Clear Skies, Big-Name Leaders

Sometimes, the moments that determine your future are seemingly small. Only later can you put everything together and realize that’s when you really made your choice.

In a Players’ League, a Coach Is Captive to His Roster

As the Memphis Grizzlies continue The Great Coach Search, it’s fair to ask this basic, and at some level, almost offensive, question:

LAW & THE COURTS

Court Appoints Receiver for Warren, Tulane Apartments

The Tulane and Warren apartments are under the control of a court-appointed receiver.

ARTS & ENTERTAINMENT

Latest 'High Gear' Book Maps Success for College Grads, Millennials

The 21 million U.S. students enrolled in postsecondary schools grew up with technology and the hourly clock of life ticking ever faster. Yet this has not always translated into a generation of young people ready to attack a world that waits for no one.

Opera Memphis: If You Sing – Anywhere – They Will Listen

For everything else opera might be, Ned Canty has made it his business to see opera as opportunity.

THE TIPPING POINT

Hardy Makes Art Accessible for Millennials

Whitney Hardy is a woman on the move. The day we meet, she’s supervising 200 tons of soybeans as they make their way from hopper trucks onto train cars. Then she’s off to the premier of “Genesis,” a collection of new works presented by Collage Dance Collective.

MEMPHIS NEWSMAKERS

PFM Group Promotes Lowe To Managing Director

Lauren Lowe has been promoted to managing director of The PFM Group, a leading provider of independent financial and investment advisory services to state and local governments and not-for-profit institutions. Based in PFM’s Memphis office, Lowe serves the firm’s municipal advisory clients. Her areas of expertise include debt transactions and structuring, strategic planning, pricing and cash flow analysis as well as advising many of her local government clients on policy development.

EDUCATION

New Schools Giving Memphis Suburbs More Autonomy

Some of the trees along East Shelby Drive on the 158 acres at Sycamore Road are in rows. It’s the unmistakable sign of a tree nursery. And before that it was considered a prime dove hunting location.

SCS Budget Quest About More Than Dollar Figures

When the Shelby County Commission meets next week to look over the budget proposal approved Monday, May 16, by the Shelby County Schools board, there will be a debate that goes beyond the bottom line dollar figures and line items.

GUEST COMMENT

State Legislature Closed Door On Progress, Invited Ridicule This Session

The Tennessee General Assembly spent the last four months selecting a state book, attempting to regulate ingress/egress of bathrooms, and putting guns on college campuses. Given this lamentable priority list, we're not surprised that our House of Representatives chose not to vote on a bill that would have helped young kids realize their dreams, lift families out of poverty, and generate revenue for Tennessee.

LOCAL COLUMNISTS

Elephants Abound

The old joke goes this way: Every morning on the commuter train to work a man watches another man read his paper, meticulously folding every page to a single column width, then unfolding and refolding as he reads each column top to bottom. Finally, unable to stand it anymore, the first approaches the second and asks, “Why do you do that?” “It keep elephants off the train,” comes the reply.

Family Planning – Beyond the Diaper Fund

Ray’s Take: So, you’re planning to start your family. Have you considered the finances involved beyond painting a room and knowing it’s going to take a lot of diapers? Three can certainly live as cheaply as two – as long as one of them doesn’t eat or wear clothes.

Ifs, Etc.

A wordier version of this column ran in 2008. That would have been shortly after the Arkansas Democrat-Gazette ran a certain editorial. In which it asserted that to say there are “no ifs, ands or buts” is wrong. The correct phrase, it averred, is “no ifs, ans or buts.”

Outsourcing Savings Estimates Strain ‘Credulity’

Terry Cowles flashes a photo of ceiling lamp fixtures on the screen and tells state legislators a vendor’s state Capitol team used its electrical training to remove, repair and reinstall fixtures, saving taxpayers $15,500.

Late Flights Cause Airport Drama

The turbulence is real as we slowly descend into Providence, Rhode Island.

Refer a Friend

Business networking can be a tricky subject. With that in mind, I received a great question from a reader I want to share with you. The reader writes, “A recruiter recently reached out to me about a particular job they are hiring for. I’m not a good fit for it, but I know someone who is. Should I say anything, or should I keep my mouth closed?”

Rise of the Subscription Economy

Today, you can buy almost anything on subscription, including dog toys from BarkBox, razors from Dollar Shave Club, streaming video content from Netflix, music from Spotify, beauty samples from Birchbox, ready-to-make meals from Blue Apron and even rental cars from Zipcars.

Better, Faster Insight-Based Innovation

Better & Faster Workshop at the Front End of Innovation Conference

Got a Minute for the Minutes?

We recently facilitated two board meetings for two very different types of organizations. One was an institution that is over 100 years old with a multimillion-dollar budget. The other was an emerging grassroots, community-based organization. At both meetings the focus was fundraising, and board members were actively engaged.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 87 87 7,836
MORTGAGES 108 108 9,307
FORECLOSURE NOTICES 8 8 1,366
BUILDING PERMITS 130 130 16,737
BANKRUPTCIES 55 55 5,461
BUSINESS LICENSES 32 32 2,980
UTILITY CONNECTIONS 47 47 3,297
MARRIAGE LICENSES 37 37 1,725

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