VOL. TMN-10 | NO. 7 | Saturday, February 11, 2017
When it comes to CRE, Shelby County’s municipalities can’t be overlooked
With its central location, unparalleled access to major roads, rails, runways and rivers and low cost-of-living, it’s no surprise that Memphis and the surrounding area is a popular destination for corporate headquarters, national retail brands and major industrial centers.
Before he left Congress at the end of 2010, U.S. Rep. John Tanner of Union City, Tennessee, talked a lot about how the way district lines were being redrawn, usually by state legislatures, was affecting our politics.
Ron Jones, the president of the Memphis College of Art since May 2011, is retiring effective the end of February, the MCA board announced Friday, Feb. 10.
Something is happening in Memphis for the first time in 100 years – Old Dominick has begun aging barrels of locally made whiskey at their highly anticipated Downtown distillery.
The Memphis Convention & Visitors Bureau is setting up shop Down Under with a sales and marketing effort aimed at Australia and New Zealand.
There was dancing in one of the adult rooms at the Porter-Leath Early Childhood Academy Thursday, Feb. 9. On the eve of Friday’s formal opening of the $9.3 million building in Longview Heights, relief teachers and teacher coaches were doing a sort of twist in a circle around the tables and chairs – the kind of thing most of the 224 children, ages 4 and younger, will be doing starting Feb. 21 when they put the new building to the ultimate test.
THE MEMPHIS NEWS ALMANAC
1924: Jack Dempsey, the world heavyweight boxing champion who had defeated challenger Luis Firpo six months earlier in New York, was in Memphis fighting Dutch Seifert. The Memphis match was the first in a series of exhibition nontitle fights on the Pantages vaudeville circuit. Dempsey easily beat Seifert, knocking him out in the first round.
2017 may be another busy stretch for mortgage bankers in Shelby County, if the atypically busy start to the year is any indication.
REAL ESTATE & DEVELOPMENT
The proposed Midtown Market mixed-use development at Union Avenue and McLean Boulevard has changed as its developers continue to seek financing and adjust more than a year after they unveiled the ambitious but tentative plan.
The Memphis and Shelby County housing market got off to a good start in 2017 with a 28 percent increase in total home sales for the area and the largest number of new-home permits since the housing market crash.
When president and publisher Bernal E. Smith II speaks about his newspaper, The New Tri-State Defender, and how business is conducted today and what’s necessary for success going forward, he sounds like just about any other newspaper executive trying to navigate today’s quick-change media world.
Germantown Mayor Mike Palazzolo wants Tennessee Gov. Bill Haslam to take his foot off the gas pedal when it comes to phasing out the Hall tax on dividend and investment income. And in a Wednesday, Feb. 8, letter to Haslam, Palazzolo makes a case for local governments getting a greater share of Hall tax revenues as the income tax is phased out.
Shelby County Commissioner Steve Basar looked out at the audience in the commission’s chambers Monday, Feb. 6, and saw something the commission only sees once or twice a year – a standing room-only crowd with every seat taken and most there for a single issue.
Memphis Mayor Jim Strickland has been getting a crash course in immigration policies – federal and local – in the last week.
The union representing Memphis Police officers and the city administration are just about ready to start negotiating a new contract.
Unions representing city of Memphis employees gave a rough reception Tuesday, Feb. 7, to a proposal to revamp the city’s impasse proceedings for stalled contract talks between the unions and the city administration.
Calling the governor’s fuel-tax plan a “slap in the face” of working Tennesseans, legislative Democrats are making a move to offset increased costs at the pump by phasing out the grocery tax.
Democrats appear delighted about division within Republican ranks concerning Gov. Bill Haslam’s proposed fuel-tax increase, detecting a possible chink in the armor.
NASHVILLE – State Sen. Mark Norris is planning a White House visit to discuss the direction of refugee resettlement despite a federal judge’s ruling blocking President Trump’s immigration and refugee moratorium.
Conservative voters are more likely to support legalizing medical marijuana than raising gas taxes, at least ahead of using a $1 billion surplus to pay for transportation projects.
NASHVILLE – Two Memphis legislators co-sponsoring a Shelby County pilot voucher bill say the measure is one more attempt to give students more options for education.
NASHVILLE – With an eye toward helping convicted felons clear their records for a fresh start, state Rep. Raumesh Akbari is sponsoring legislation to cut expungement fees dramatically.
Usually the concept of farm-to-fork is designed to keep locally-grown produce out of shipping containers, but one company is working with local farmers to do just the opposite.
After about four weeks of gathering signatures for a petition to try and keep The Booksellers at Laurelwood from closing its doors, White Station High School senior Emmett Miskell is now moving his effort into an 11th-hour action phase.
Memphis is a veritable “maker city,” a metropolis with a bustling creative economy of artisans and similar entrepreneurs building small enterprises around everything from technology to handcrafted jewelry to packaged foods.
AutoZone has come out against a tax proposal from U.S. House Republicans that’s been mentioned as one mechanism for financing President Trump’s proposed wall along the country’s southern border.
MARKETING & ADVERTISING
There is no greater scrutiny that a brand faces for its marketing prowess than during the biggest U.S. sporting event of the year. Courageous brands bet big that their ad would win hearts and minds among consumers, but alas, only 40 percent of Super Bowl ads earned favorable ratings from our team of advertising professionals.
ARTS & ENTERTAINMENT
Garth Brooks keeps score. Be it house records at places he’s played in his long career, to who has the high point on his current tour with his wife, Trisha Yearwood.
The leader of the Downtown Memphis Commission wants to start working toward a long-term approach to day-to-day management of the Beale Street entertainment district.
REAL ESTATE & DEVELOPMENT
Despite gray skies and frigid February weather, dozens of camera crews and corporate executives from across the country packed a normally quiet cul-de-sac in Raleigh to watch a middle-aged man move into his house.
477 S. Main St., Memphis, TN 38103 -
A new boutique hotel slated to open on South Main is taking a big step forward.
Tom Moorman has been named chief scientist of Memphis-based Ducks Unlimited, the world’s largest nonprofit dedicated to conserving North American waterfowl habitats. Moorman, who will take over from retiring chief scientist Scott Yaich on March 1, has worked for DU for more than 25 years, most recently serving as head of its 13-state Southern Region.
The extended forecast is promising, sunny with high temperatures in the 60s. University of Memphis baseball coach Daron Schoenrock not only is hoping the forecast for opening weekend at FedExPark vs. the University of Tennessee holds, but that clear skies and warming temps are signs of things to come this season.
When it comes to offense, Butch Jones thinks he knows what’s best for the Tennessee Vols.
Butch Jones did it again. The Tennessee football coach gave opponents press conference fodder with another one-liner while putting his spin on the Vols’ 2017 signing class.
He got their attention. After the Tigers’ dreadful 72-57 loss at UCF last weekend, coach Tubby Smith put away the diplomacy.
THE TIPPING POINT
In Memphis, two pieces of previously neglected history are gaining some well-deserved recognition. The first is Clayborn Temple, a historic hub of economic justice that sheltered Dr. Martin Luther King Jr. during the sanitation workers strike of 1968. The second is the Lynching Sites Project, which honors places around town where extreme racial violence has occurred.
I AM US. I am Muslim. I am a COGIC Hindu Jewish WASP Jehovah’s Witness. I am a Roman Catholic Buddhist Satanist Seventh Day Adventist and Latter-Day Saint. I am an Atheist Agnostic Humanist Evangelist. I am a Sunni Shia Christian Rastafarian Taoist Sikh. I am a foot-washing, holy-rolling Jain spiritualist and whatever Lord Voldemort is – and I am not.
Ray’s Take With few exceptions, the IRS requires that investors in traditional tax-deferred accounts begin to draw them down when they reach age 70 1/2. Most people are inclined to think about required minimum distributions (RMDs) once they start having to take them. It’s a good idea to start some projections well in advance of that deadline. If you miss the deadline, the IRS will access a penalty of 50 percent of the amount you should have taken.
There is an African saying: “When elephants fight, only the grass gets trampled.” Since my only encounters with elephants are limited to an occasional trip to the zoo, I didn’t understand the significance of that saying until I saw elephants fighting on an Animal Planet show.
On Jan. 30, President Trump signed a controversial executive order focusing on immigration issues. Titled “Protecting the Nation from Terrorist Entry into the United States by Foreign Nationals,” the order placed an immediate freeze on all entry for individuals from Syria, Iran, Libya, Somalia, Yemen, Iraq and Sudan for at least 90 days.
If you’re looking for a new job, I bet one of your top two priorities is finding a job you truly love. Somehow, you’ve found yourself at a job you don’t care for, and you’re ready to make a change. And you hope to not wake up in another situation where you don’t like your job.
Creating fundraising plans for our clients is one of our core services. We invest time learning each organization, its culture, assets, position in the marketplace, challenges and successes. And we get to know the people. We combine our learnings and experience to create a fundraising plan. While we wish a plan could magically bring resources to a nonprofit, the truth is that it won’t. A plan is only as valuable as the people who implement it.