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VOL. TMN-10 | NO. 25 | Saturday, June 17, 2017
Weekly Issue

Century Mark

A new day and new faces for the Memphis Branch NAACP

During a visit to Memphis in April, Andrew Young was talking with reporters about his lengthy public history – being part of Dr. Martin Luther King’s inner circle, a congressman, mayor of Atlanta, U.S. Ambassador to the United Nations. It was as he talked about King’s death in Memphis that Young, without any prompting, talked about a trio of Memphis attorneys – Benjamin Hooks, Russell Sugarmon and A. W. Willis – that were the key to his and King’s efforts to get things done in Memphis and the surrounding region.

EDITORIAL

Editorial: Memphis NAACP And The Crucible

It’s hard to imagine a more perilous birth than the one that brought the Memphis Branch NAACP into the world a century ago.

Wunderlich Seeks $100K Improvement Grant for One Commerce Move

Wunderlich Securities Inc. is seeking a $100,000 grant from the Center City Development Corp. for the coming move of its headquarters to One Commerce Square.

Ole Miss Buys Baptist Hospital in $22 Million Deal

Ole Miss is buying Baptist Memorial Hospital-North Mississippi for $22 million, the university announced Thursday, June 15.

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EVENTS

The 11th annual Belvedere Chamber Music Festival, featuring performers from Luna Nova Ensemble and guest artists from around the country, will be held Wednesday through Saturday, June 21-24, at Grace-St. Luke’s Episcopal Church, 1720 Peabody Ave. Concerts start at 7:30 each night; Thursday and Friday also feature a 3 p.m. concert. Visit belvederefestival.org for details.

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ECONOMIC DEVELOPMENT

Wunderlich Securities Moving Downtown

Wunderlich Securities Inc. is preparing to move its corporate headquarters from East Memphis, where the investment firm employs 110 people, to Downtown’s One Commerce Square.

ServiceMaster Opens ‘Ground Floor’ Innovation Center Downtown

The Ground Floor, ServiceMaster’s 20,000-square-foot innovation center located in the former home of Tower Records, formally opened Thursday, June 15 – marking the first completed phase of the Memphis-based company’s Downtown relocation.

FINANCIAL SERVICES

First Horizon CFO Talks Capital Bank Merger

First Tennessee Bank’s parent company is a $30 billion financial institution that’s put its cash to work the last few years by buying back almost 10 percent of its shares and pursuing smaller mergers and acquisitions.

Shelby County Mortgage Market Sees 14 Percent Gain in May

Sam Goff, vice president of Independent Bank’s mortgage division, got two new contracts in place for homebuyers over the weekend, which gave him an upbeat start to the week.

THE MEMPHIS NEWS ALMANAC

June 16-22, 2017: This week in Memphis history

2008: The debut of The Memphis News, a weekly about “business, politics and the public interest” by The Daily News Publishing Co.

LAW & THE COURTS

Juvenile Justice Summit Touts Sustained Contact Out of Court

Memphis-Shelby County Juvenile Court Judge Dan Michael says he should have more definitive plans for a Juvenile Assessment Center by the fall.

COMMUNITY

Whitehaven Unveils New Development Direction

It’s been 10 months since Rev. Earle Fisher was among the individuals turned away from Graceland’s annual candlelight vigil by Memphis police in a reaction to possible protests at the event.

HEALTH CARE

Trezevant Celebrates 40 Years, Expanded Services

For Jet Thompson, living at the Trezevant senior living community is part of a family tradition. She has been a resident there for the past 16 years – recently celebrating her 96th birthday – her mother had lived there for 20 years starting in 1981, and now two of her daughters are on the waiting list for admission.

St. Jude Hosts Pediatric Palliative Oncology Symposium

St. Jude Children’s Research Hospital welcomed 325 physicians, nurses and psychosocial professionals from around the world in recent days for the first Pediatric Palliative Oncology Symposium, the largest conference of its type that has been held in the U.S.

GOVERNMENT & POLITICS

Tipton County DA Dunavant Nominated as US Attorney

President Donald Trump has nominated District Attorney General Mike Dunavant of Tipton County as the new U.S. attorney for West Tennessee. And he could be close to nominating a new federal district judge for West Tennessee as well.

2,700 Vote Early, 3 Election Day Polls Move in House District 95

A total of 2,700 citizens cast early votes ahead Thursday’s special state House District 95 election in eastern Shelby County. And on election day, three of the 14 polling places – two in Collierville and one in Germantown – will move from their regular locations.

County Commission Debates 3-Cent Tax Rate Cut

Shelby County Commissioners approved a 3-cent reduction in the county property tax rate Monday, June 12, on the first of three readings but delayed a vote on the operating budget resolution for more discussion about how to account for the tax-rate cut.

REAL ESTATE & DEVELOPMENT

Shelby County Home Sales Heating Up Before Summer

A solid spring has sown the seeds for an even better summer as the red-hot Memphis area real estate market enters its busiest time of the year.

Hernando Ice Cream Parlor Preparing Crosstown Location

1350 Concourse Ave. -
Area 51 Ice Cream, a popular ice cream parlor in Hernando, Mississippi, is getting ready to open its second location in Crosstown Concourse.

OVERTON PARK

Overton Park Conservancy Meets $1M Goal in Parking Compromise

The Overton Park Conservancy raised $1 million by the June 11 deadline to move ahead with the Overton Park-Memphis Zoo parking compromise. The conservancy announced Sunday afternoon that it met the goal with hours to spare.

THE TIPPING POINT

Drake Sculpts Community Through Art

A local artist’s photographs of brightly hued objects – a yellow toy school bus, a crystal owl, a glistening caramel – line the long gallery hall. At a small table near the end of this candy-colored array sits Chantal Drake, communications director at Dixon Gallery and Gardens. To her right, a doorway opens into the Dixon’s collection of antique pewter vessels.

RETAIL

Curb Market Planning Mid-Week Opening in Crosstown Concourse

Locally owned grocery The Curb Market is set to open its doors this week at Crosstown Concourse, a return to the market’s midcentury roots when a previous incarnation served earlier generations of Memphians at roughly the same spot.

TRANSPORTATION & LOGISTICS

Explore Bike Share Launching 600-Bike System in Memphis

Getting around in Memphis is about to get a whole lot easier, as Explore Bike Share has announced an agreement with B-Cycle to bring a 600-bike system to the Bluff City.

SPORTS

For St. Jude and Golf Fans, FedEx St. Jude Classic is Thriving

Perspective can be too easy of a word. It can get thrown around casually, especially in big-time sports settings. But at the FedEx St. Jude Classic, “perspective” isn’t just a clichéd line for a moment in time.

Facilities, Football Fever Growing At the University of Memphis

Somewhere, in a long-ago Division I sports galaxy far away, an athletic director could catch his breath after his college baseball team made its last out and before his football team started practice. Not so much now.

For Grizzlies, a New Chapter About to Begin

The June 22nd NBA Draft will tip off without the Memphis Grizzlies. At least that’s the case almost one week out. The Grizzlies have no picks.

Finals Run Gives Predators Look at Young Talent

As if the Nashville Predators’ march to the Stanley Cup Final wasn’t riveting enough on its own, the journey has also provided fans with some unexpected glimpses into the team’s future.

SEC Baseball Vanderbilt’s Toughest Year Comes Up Short

When the Vanderbilt baseball team finished its season one step short of its goal – the College World Series – there was a sense of profound disappointment for the Commodores.

Power Pitching, Hitting Goal Of New UT Baseball Coach

Tony Vitello wants to put a Power T in Tennessee baseball, and with it a yearly contender for SEC championships and NCAA tournament bids.

MEMPHIS NEWSMAKERS

RedRover Adds Will Cook As Design Architect

RedRover Sales & Marketing has added three new employees in recent months, including design architect Will Cook, who has more than 10 years of graphic design experience and comes to RedRover from The Commercial Appeal and Savant Learning Systems. In his new role, Cook primarily designs print and web collateral for RedRover’s clients while also assisting the sales and marketing teams in other ways, including participating in sales meetings and calls.

SNAPSHOT

Snapshot: All Stocked Up

The Curb Market in Crosstown Concourse is fully stocked with local produce on opening day Wednesday, June 14. The grocer also features local dairy products, meats and other groceries; an in-house butcher shop; and a full kitchen preparing hot and cold dishes for dine-in and carry-out.

LETTER TO THE EDITOR

Letter to the Editor: Overton Park Compromise Doesn’t Save Greensward

The Overton Park Conservancy has raised a lot of money to pave one-fourth of the Greensward. This fact seems to be lost on some people. Obviously the OPC and the zoo know they are paving 1/4th of the Greensward, but I think a lot of people believe they donated funds to "Save the Greensward" when they did not.

VIEW FROM THE HILL

Medicaid Cuts Could Hit Rural Children Hardest

As Congress fiddles with an Obamacare replacement, one likely to cut billions in Medicaid spending, health care experts warn a decrease in funding could be hard on Tennessee.

LOCAL COLUMNISTS

Match Game: Employer Matching Funds

Ray’s Take: I am amazed at how many times when I ask people how much they are contributing to their 401(k) the answer comes back, “Whatever the match my company gives is – I love free money!” There’s a much better way to make that decision, but that is a topic for another column. There are a number of reasons companies offer some form of match and they may not all be charitable.

Sharing Yards and Roots

ROOTS AND MONKEY GRASS. So I’m waiting in line at Booksellers to get my high school classmate, Cary Fowler, to sign my copy of his new book when a moment of quintessential Memphis broke out.

Gag Clauses Outlawed

BrightLocal, a search engine optimization consulting company, found that 91 percent of consumers regularly or occasionally read consumer reviews in making a buying decision. Its survey also revealed that 84 percent of people trust online reviews as much as a personal recommendation and that 74 percent say positive reviews make them trust a local business more.

Key To Winning Job Candidate’s Heart? Flexibility

I recently had the opportunity to travel to Austin, Texas, to meet a number of folks who work at the job website Indeed.com. If you’ve looked for a job in the last 10 years, there’s a good chance you’ve visited Indeed.

From LinkedIn Amateur to Pro

Editor's Note: This is the second in a two-part series. LinkedIn is one of the few social platforms that still allows your network to see your organic, unpaid content. It also is the single largest social platform focused exclusively on the business sector. So, if all you use it for is accepting the occasional connection request, it’s time to stop playing and get serious.

Unlock the Value of Failure

A Front End of Innovation 2017 keynote by Soon Yu. This talk spoke of the emotional toll of being a professional innovator. The candor and transparency of the speaker made it one of the most engaging keynotes in a stellar year of speakers. Essentially, when we innovate things, we too are being remade. These are tips to handle this process mindfully.

5 Solutions to ‘Planned Confusion’

Editor’s note: Part two in a two-part series. Planned confusion can take you down. It’s like a fog. It envelopes everything, but you can’t pin it down. Nothing is moving forward, but everyone says, “I’m on board.” If you don’t intervene you may find yourself – and your organization – strangled by exasperation and inertia. Here are five suggestions to keep you from a frightful future.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 77 286 16,478
MORTGAGES 95 347 19,032
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 393 33,519
BANKRUPTCIES 52 176 10,913
BUSINESS LICENSES 20 77 5,275
UTILITY CONNECTIONS 0 102 11,446
MARRIAGE LICENSES 27 97 3,964

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