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VOL. TMN-10 | NO. 21 | Saturday, May 20, 2017
Weekly Issue

Dream a Baseball Dream

Memphis area produces more than its share of college, pro and MLB players

Memphis is Hoops City, a hotbed of premier basketball talent. That’s why University of Memphis basketball coach Tubby Smith is under pressure. The best of those hometown players on his team, Dedric Lawson, has transferred to the University of Kansas and everyone’s worried Smith won’t get the elite local talent going forward.

Wunderlich Securities Acquired by LA Firm in $67M Deal

Memphis-based investment firm Wunderlich Securities Inc. will be acquired by a publicly traded Los Angeles-based financial services firm, B. Riley Financial, in a $67 million deal expected to close in June.

Hackett Retires From CMOM to Devote Effort to Grand Carousel Fundraising

Former Memphis Mayor Richard C. Hackett is retiring as CEO of the Children’s Museum of Memphis in June to devote his attention to fundraising for the institution he helped create 30 years ago. Hackett became leader of the museum in 2006.

Barbecue Decoy Surfaces As Overton Square Protest

Several dozen people staged a street theater protest in Overton Square Saturday, May 20, after a decoy call for a protest Downtown at the Memphis In May International Barbecue Cooking Contest.

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EDITORIAL

Editorial: Addressing Memphis' Most Important Crime Issue

If Memphis Police Director Michael Rallings could snap his fingers and suddenly have a police force of 2,500 officers, that in and of itself probably wouldn’t have stopped what happened the night of May 12 in Midtown or a day later in Whitehaven.

EMPHASIS Health Care

National Foundation for Transplants Looks to Expand Beyond Memphis HQ

The Memphis-based National Foundation for Transplants serves about 3,500 clients each year, and since its establishment in 1983 has distributed more than $80 million to pay for transplant-related expenses, in addition to promoting and advocating for organ and tissue donation.

LifeSigns Turns 25 With Continued Focus on Preventive Health Care

A Memphis health care company that was at the forefront of preventive care is turning 25 this year. LifeSigns, owned by The Prevention Group, started offering comprehensive executive physicals to Memphis’ large corporations in 1992 to give big companies an alternative to sending their executives to places like The Mayo Clinic in Rochester, Minnesota.

Q&A: Campbell Clinic’s Miller Talks Sports Medicine, Injury Prevention

Dr. Robert Miller graduated Vanderbilt University School of Medicine in 1980 and completed a residency in 1985 in Memphis and a fellowship in sports medicine in Georgia in 1986. So, he was pretty much in on the ground floor of the sports medicine discipline.

THE MEMPHIS NEWS ALMANAC

May 19-25, 2017: This week in Memphis history

1917: Ell Persons is lynched by a mob of more than 5,000 people at the Macon Road Bridge. Authorities concluded Persons had murdered and raped Antoinette Rappel because they believed the dead girl’s eyes had retained an image of Persons – a practice law enforcement once used that has been thoroughly discredited.

COMMUNITY

'War' on Blight

Second anti-blight summit marks progress, more challenges

Attorney Steve Barlow has been working on blight issues for 20 years, which is to say he’s been working for two decades almost exclusively on the maze of rules, regulations and procedures that make blight possible and sustainable.

LEGAL AFFAIRS

'Wait a Minute Mr. Postman': Carrier Accused in Drug Sales

MEMPHIS, Tenn. (AP) – A U.S. Postal Service mail carrier in Tennessee and 24 other people have been charged in connection with the sale of heroin and other drugs.

ECONOMIC DEVELOPMENT

EDGE Approves Trio of Tax Incentives

The Economic Development Growth Engine board has granted tax incentives for a pair of Presidents Island manufacturing operations and a South Memphis health care company that together will result in the creation of 126 jobs and capital investments topping $140 million.

EDGE to Test Multifamily Tax Abatements

The Economic Development Growth Engine of Memphis and Shelby County has approved a trial run of a new payment-in-lieu-of-taxes program aimed at encouraging development of multifamily housing the city of Memphis feels it needs to break free of the cycle of stagnant population growth.

MEMPHIS NEWSMAKERS

Cai to Lead Memphis Chamber’s International Business Efforts

Jinliang (Jin) Cai has joined the Greater Memphis Chamber as vice president of international business development. In that role, Cai will be directing efforts both to grow foreign direct investment in Memphis and Shelby County and to increase the volume of local exports to foreign markets. 

ARTS & ENTERTAINMENT

New Documentary Tells Story of Tobey Skate Park

A new documentary on the 6-year-old Memphis Skate Park at Tobey Park takes a look at skate culture in Memphis and the struggle to get the park to reality after securing a grant that ran out and then securing city capital funding for it.

Soulful Sounds Made in Memphis Again

An original Stax Records sign hangs in the stairwell of the new Made in Memphis Entertainment facility as inspiration for artists and guests entering as they head up to the new company’s main offices.

TECHNOLOGY

Innova Turns Focus Toward Agriculture Technology

By 2050, National Geographic Magazine recently warned readers, the world will somehow have to be able to feed 2 billion more people than it does now.

NONPROFIT SECTOR

Ronald McDonald House Welcomes St. Jude Children, Families

Jill Crocker knew of Ronald McDonald House Charities and its mission to provide a “home away from home” for St. Jude Children’s Research Hospital families and their children receiving treatment. But she had not been there.

POLITICS

Local Democratic Party Organizers Grapple With Activism

Once the new bylaws and a new executive committee is in place for the reconstituted Shelby County Democratic Party this summer, there will still be a fundamental question about the political strength of the new organization.

Kustoff Talks Comey Missteps, Health Care

The FBI investigation into possible Russian interference in the 2016 presidential campaign will continue without fired FBI director James Comey, says U.S. Rep. David Kustoff.

RESTAURANT NEWS

Corky’s Targets Millennials With Store Upgrades, UberEATS

Corky’s BBQ is chasing a new generation of customers it wants to turn into barbecue fans.

EDUCATION

Haslam: Achievement School District Still Needed, But Changes Near

Tennessee Gov. Bill Haslam says there is a continuing need for the state-run Achievement School District. But the school district for the bottom 5 percent of schools in the state, in terms of academic achievement, is being “streamlined,” Haslam said last week during a visit to the Aspire Coleman Elementary School in Raleigh.

RETAIL

Outdoors Inc. Opens Downtown Pop-Up Store

Outdoors Inc. is trying something new for its sixth retail location, which opened its doors earlier this month at 100 Peabody Place Downtown.

REAL ESTATE & DEVELOPMENT

Patton & Taylor to Receive Lifetime Achievement Award

In 1967, the Vietnam War was in full effect, the Green Bay Packers won the first ever Super Bowl and two employees of Joyner, Heard & Jones Realtors in Memphis had the idea to start their own company.

Faropoint Acquires Massive Industrial Portfolio for $33.1M

Looking to continue its recent trend of bullish activity in the Memphis market, Faropoint Ventures has acquired a 1.1-million-square-foot industrial portfolio for $33.1 million. Details on that and more commercial real estate news in this week's Real Estate Recap...

HEALTH CARE

Saint Francis Acquires New Robotic Technology

Dr. Alan Hammond, chief of general surgery in the department of surgery at Saint Francis Hospital-Memphis, is sometimes met with puzzled reactions when he tells a patient he’s going to operate on them with the help of a robot.

COMMERCIAL REAL ESTATE

Memphis Retail Market ‘Cautiously Optimistic’ Through First Quarter

Despite some notable big-box bankruptcies, positive growth is still in the forecast for the rest of 2017, according to Cushman & Wakefield/Commercial Advisors’ first quarter Retail Marketbeat Report.

SPORTS

On Redbirds’ Wings: Memphis Triple-A Team Off to a Flying Start

They already had won 10 straight games – a franchise record for the Memphis Redbirds. In winning their 11th consecutive game, at Iowa more than a week ago, the Redbirds used an eight-run ninth inning to wipe out a two-run deficit and take the game 15-9.

The Press Box: Conley Finds His Best Game Starts with Him

After Mike Conley signed the richest deal in NBA history last summer – five years and $153 million – his old coach with the Memphis Grizzlies, Lionel Hollins, made a couple of predictions during an interview on SiriusXM NBA Radio.

If Saban’s the Best, Why Aren’t His Protégés?

In a recent article at CBSSports.com, Nick Saban was ranked the top coach in the so-called Power Five conferences.

Road to WCWS Once Again Goes Through UT

Several of Tennessee’s athletic teams would just be glad to get an NCAA Tournament bid. UT’s softball team expects a lot more. Like getting to the Women’s College World Series.

Harrison Burton, 16, Heads Memphis 125 Field

On Monday, May 15, at Memphis International Raceway, 16-year-old Harrison Burton made a testing run on the track that on June 3 will be the site of the Memphis 125.

Memphis Extends Contract of Football Coach Mike Norvell

After a winning season in his first year at the University of Memphis, head football coach Mike Norvell has had his contract extended through 2021.

TENNESSEE LEGISLATURE

View From the Hill: Haslam Credits GOP ‘Experiment’ for Tennessee’s Success

If you ask Gov. Bill Haslam, Republican government is the best thing since sliced bread.

Privatization Opposition Renewed as No Bids Come in for Falls Creek Falls Project

The lack of bidders for a $20 million inn reconstruction project at Fall Creek Falls could spur legislative hearings this summer on parks funding and privatization amid growing lawmaker concern about the governor’s outsourcing plans.

Lamar Avenue, Austin Peay Highway Projects on Tap for Fiscal 2018

With a gas-tax increase approved as part of the governor’s IMPROVE Act, Shelby County will see several projects take off over the next three years, including the much-anticipated Lamar Avenue widening.

Haslam Credits Republican Leadership for Budget, Economic Accomplishments

With the legislative session finished, Gov. Bill Haslam is touting budget accomplishments and a strong economy as the result of Republican leadership.

THE TIPPING POINT

Burr is Building a Prison-to-Opportunity Pipeline

The first time Mahal Burr walked into the Shelby County Jail, she was planning to meet with prison officials. Instead, to her surprise, she was shown into a room with 18 incarcerated kids.

LOCAL COLUMNISTS

Uncertain Times

Ray’s Take We live in uncertain times. There are no guarantees; there is only planning and adapting. A sound financial plan is a great hedge against uncertain times, and the inability to predict future tax rates or the direction of the stock market should not be a deterrent to having a good financial plan.

Unhealthy Motives

WE DON’T CARE ABOUT HEALTH CARE. WE CARE ABOUT INSURANCE. Like casinos, the insurance business is a bet, you know, like a roll of the dice. And like casinos, the house always wins. An army of actuaries hedges every bet. If you buy life insurance, they’re going to charge you enough to make money before you die. They win. If you buy health insurance, they’re going to charge you enough to make money if you get sick. They win.

It’s Great Time to Fly to Europe

News out of the airlines industry doesn’t seem all that great these days. Look no further than recent stories of passengers “bumped” off flights, particularly with United Airlines.

Questioning Your Hiring Manager

Sometimes, getting a job is dependent more on what you ask than what you answer. We spend so much time preparing for how we will answer the hiring manager’s questions but very little time thinking about what we want to know.

The Negotiation Game

Editor’s Note: This is part one in a two-part series. Negotiations occur several times throughout the day. They may not be as major as buying a new car or asking for a raise, but they happen almost every time you interact with another person. 

Three Powerful Fundraising Tools

Every time we work with an organization, agency or college we experience a deep kindred feeling with the people gathered at the table. Whether presenting information, listening to concerns or developing strategies, we are also meeting new friends. We are witnessing diverse individuals put their beliefs into action, and we are inspired.

Science Behind Empathy and Storytelling

A talk by Tim Urmston, Seek Co. founder and CEO, from the Front End of Innovation Conference 2017. Connecting brands with people they serve through insights, story, ideas and strategy – this is what supercharges a project.

'Wait a Minute Mr. Postman': Carrier Accused in Drug Sales

MEMPHIS, Tenn. (AP) – A U.S. Postal Service mail carrier in Tennessee and 24 other people have been charged in connection with the sale of heroin and other drugs.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 73 155 19,728
MORTGAGES 95 170 23,084
FORECLOSURE NOTICES 41 48 8,352
BUILDING PERMITS 200 338 40,366
BANKRUPTCIES 50 122 13,226
BUSINESS LICENSES 14 23 6,160
UTILITY CONNECTIONS 33 85 13,080
MARRIAGE LICENSES 28 58 4,900

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