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VOL. TMN-10 | NO. 46 | Saturday, November 11, 2017
Weekly Issue

Do The Hustle

Player development behind ‘legit fun’ of Grizzlies’ G League team at Landers Center

A lot can change in six years. Consider: In early November of 2011 the NBA was in the midst of a lockout. Rudy Gay, then a Memphis Grizzlies player, put together a charity game at what was then known as the DeSoto Civic Center.

EDITORIAL

Editorial: Fairgrounds Redevelopment Is About More Than Buildings

The Mid-South Fairgrounds contains parking lots, a few buildings, a stadium and an arena in a central location. What we project onto that is another matter, as the question of what to do at the Fairgrounds opens up a closet where resentment is packed in with a hatbox or two of gilded memories and a file cabinet of plans.

EMPHASIS Financial Services

Guidingpoint’s Douglas Discusses Pros, Cons of Short-Term Investing

When folks talk about investing, they are usually referring to something for the long term: saving for retirement, stashing away money for a newborn’s college fund, that sort of thing.

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EVENTS

The Whitehaven Partnership will meet Friday, Nov. 10, from 2:30 p.m. to 3:30 p.m. at the Whitehaven branch library, 4120 Millbranch Road. The organization seeks to clean up Whitehaven and address community concerns. Open to the public. RSVP to Calvin Burton at cburton615@hotmail.com or 901-345-3695.

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First Tennessee’s Walker Leading Push To Infuse Diversity Throughout Bank

Memphis-based First Tennessee Bank is already the biggest bank in the state and award-winning for its work atmosphere. But the company isn’t resting on its laurels, instead forging ahead with unique strategies to better reflect the communities it is serving through a top-down, baked-in approach to ensuring diversity at every level of the organization.

Non-Bank Lenders See Business Rise Among Shelby County Homebuyers

One byproduct of the steady upward climb in volume generated by Shelby County’s mortgage market over the past year or two is that banks – traditional brick-and-mortar institutions, that is – haven’t been the only beneficiary of the consumer demand behind that trend.

THE MEMPHIS NEWS ALMANAC

November 10-16, 2017: This week in Memphis history

1927: Watkins Overton upsets incumbent Mayor Rowlett Paine in city runoff elections. Overton is backed by former Memphis Mayor E.H. Crump, who had backed Paine’s 1923 re-election bid at the last minute. But Crump and Paine parted company after Paine endorsed Austin Peay for governor. Meanwhile, City Court Judge Cliff Davis is elected city police and fire commissioner. Davis had been a Crump foe four years earlier, running on a ticket of Ku Klux Klan candidates. “Supporters and followers of the ticket put on a wild celebration, parading Watkins Overton, Cliff Davis and E.H. Crump down Main Street on the shoulders of enthusiastic supporters,” The Daily News reported.

REAL ESTATE & DEVELOPMENT

Pennsylvania-based Chemical Manufacturer Seeking PILOT for New Memphis Plant

Peroxychem LLC, a Philadelphia, Pennsylvania manufacturer of hydrogen peroxide, peracetic acid and persulfates, is looking to expand into the Memphis market.

Buyers Keep Coming

Fall Weather Didn’t Stop Home Sales Volume From Rising in October

October was another solid month for the local housing industry. The average home sales price rose to $168,272, a 13 percent increase from October a year ago, according to real estate information company Chandler Reports, chandlerreports.com.

Shelby Farms Draws New 71-Acre, $142M Development

In a joint venture with Charles Crews of Crews Investment Holdings, Nashville-based Elmington Capital Group has submitted plans to the Office of Planning and Development for a 71-acre senior housing, apartment and single-family development next to Shelby Farms Park.

Surgical Distribution Company Finds New Home in the Memphis Medical District

Whether it’s in large chucks, like the Wonder Bread bakery redevelopment, or in smaller increments, like the Edge Alley and Shab Chic Marketplace, more and more once forgotten pockets of the Memphis Medical District are finding new life.

TraVure Developer Unveils East Memphis Project

With two highly-anticipated developments already in the works, Gill Properties has announced plans for a new mixed-use development East Memphis.

Iconic E. Memphis Office Building Sells for $19.7M

Nashville-based Magnolia Capital Investments has purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investors, Faropoint Ventures. Faropoint intends to reinvest proceeds from the sale to buy other Memphis properties.

GOVERNMENT & POLITICS

County Legal Dispute Latest In A Series

As attorneys for Shelby County Mayor Mark Luttrell’s administration and the county commission were in Chancery Court Tuesday, Nov. 7, the Memphis City Council’s attorney, Allan Wade, was being honored for 25 years of service to the city.

Memphis City Council Ends Beale Cover, Taps Consultant

Memphis City Council members voted Tuesday, Nov. 7, to spend $50,000 for a crowd-control consultant for the Beale Street entertainment district and to end the cover charge for entry into the district Saturday nights after 10 p.m. during the spring and summer.

Sports Complex Remains Driver of Fairgrounds Redevelopment Plan

Parts of the city’s tentative plan for redevelopment of the Mid-South Fairgrounds may still come and go and the cost estimates could vary. But Memphis Mayor Jim Strickland’s administration made it clear at a Monday, Nov. 6, public meeting to unveil the most specific plan yet that a youth sports tournament complex is the anchor and driver of the financing for a redevelopment covering 175 acres.

Boyd Completes Statewide Trek at Beale Street Landing

The finish line was uphill Tuesday, Nov. 7, as Republican contender for Tennessee governor Randy Boyd completed a 537.3-mile run across the state that began in August at the Tennessee-Virginia state line in Bristol.

Chism Vows Democratic Primary Battle with Harris for County Mayor

Former Shelby County Commissioner Sidney Chism kicked off his bid for county mayor last week by vowing to “beat up on” rival Democrat and state Sen. Lee Harris in the May 2018 countywide primary.

EDUCATION

Council Explores Pre-Kindergarten Funding, But Sidesteps Idea to Increase Hotel Tax

Memphis City Council members discussed a way to fund prekindergarten in Memphis public schools Tuesday, Nov. 7, but stayed away from specifics of a hike in the hotel-motel tax to the state cap of 5 percent.

FOOD INDUSTRY

Web Market Delivers Fresh From The Farm

An online farmers market service launched in September by an Arkansas judge and his wife has expanded with the addition of a Thanksgiving-themed meal kit product.

NONPROFIT SECTOR

Momentum Nonprofit Partners Unveils Major Brand Overhaul

With a theme of “Everything Changes,” Momentum Nonprofit Partners unveiled numerous changes at a meeting Tuesday, Nov. 7, at Minglewood Hall. The first, most obvious change: the name itself.

Making Best Better

After 20 years, LDI impact is evident in its graduates

More than a decade ago, Carolyn Hardy was a vice president with the Coors Brewing Co. in Memphis when she attended the Leadership Development Intensive (LDI), a personal leadership training ground stretched across 3 1/2 days.

SMALL BUSINESS

Helping Hand

Downtown’s Irish pub The Brass Door is quietly reintroducing itself this month after closing earlier this year, though the patrons who showed up this week for lunch likely didn’t notice much of a change in the concept.

DOWNTOWN

Aquarium Proposal for Mud Island Resurfaces After Pyramid Pitch

The plan for an aquarium at Mud Island River Park is not the first time an aquarium has been proposed on the city’s riverfront.

RETAIL

AutoZone Closing Book on Unusual 2017 Performance

A new Raymond James analyst report covering the auto parts industry suggests a few slightly concerning trends for retailers like AutoZone Inc., including a decrease in the growth rate of vehicle miles driven and an uptick in gas prices.

Shipping Container Retail Village Coming to Medical District

A shipping container retail village is planning to open in the Memphis Medical District in mid- to late-November as part of an effort to give entrepreneurs a creative alternative to traditional bricks and mortar.

SUSTAINABILITY

City’s Maxson Plant Upgrade Offers Cutting Edge Water Treatment

“Everything has a life,” city Public Works Division director Robert Knecht said last week as he stood at the western edge of the wastewater treatment plant that processes 70 million gallons of wastewater a day from the southern part of the city.

THE TIPPING POINT

Tobi Merschat Sources Sustainable Corporate Culture

It started with pecan pie. Actually, it started a few steps pre-pie. Growing up in Columbia, South Carolina, the yard of Tobi Merschat’s family home was thick with pecan trees, and in the fall, the whole family would gather pecans, shell them and then bake their shared labor into pie. From hard work emerged delicious reward – a model of sustainability.

SPORTS

Bench Power

Grizzlies’ Second Unit Fourth-Highest Scoring in NBA

Through games of Nov. 7, the Memphis Grizzlies were 7-4. You probably knew that. You recall the thrill of taking down the reigning NBA champion Golden State Warriors at FedExForum and beating the much-hyped Houston Rockets twice – on the road and at home.

Jason Motte Still Making His Pitch Against Cancer

The backward K on those T-shirts that have become synonymous with the Jason Motte Foundation “Let’s Strike Out Cancer” campaign are beyond cool.

Upset at Missouri Vital to Bowl Hopes for Tennessee Vols

Tennessee’s football program remains in limbo as the Vols pursue bowl eligibility under fifth-year coach Butch Jones.

Byard Adding ‘Smart’ to Instinctual Game

With five interceptions in two games, it’s tough not to notice what a second-year safety is doing for the Tennessee Titans.

Josh Pastner Under NCAA Microscope

Former University of Memphis basketball coach Josh Pastner has been accused of being complicit in extra benefits provided to at least two Georgia Tech players and to former Tiger player Markel Crawford.

MEMPHIS NEWSMAKERS

Folk’s Folly’s Kauker Named Tenn. Restaurant Manager of Year

Folk’s Folly Prime Steak House general manager Diane Kauker has won the Tennessee Hospitality & Tourism Association’s 2017 Restaurant Manager of the Year Award, which honors a manager who has demonstrated exceptional leadership, service, and community and civic involvement. The judges noted Kauker’s outstanding performance beyond her normal job duties, including providing excellent service to Folk’s Folly guests and the greater community.

VIEW FROM THE HILL

Grab a Gun, Go See Your State Representative

When legislative leaders started to allow guns in the Legislative Plaza nearly two years ago, the Sierra Club’s Scott Banbury had his daughter take pictures of him wearing his holstered Ruger and lobbyist ID card to put on lawmakers’ desks with the question: “Is this what you want?”

LOCAL COLUMNISTS

Thanks for the Light

THANK YOU, OLD FRIEND. Thanksgiving is coming up so I’d like to give some to an old friend. Like many old friends, this one has been there my whole life and has meant more to me than I’ve said. More talented is this old friend, but sharing of that talent, and inspirational in the sharing, and patient in the teaching of those less talented.

Medical Planning for Two

Ray’s Take: Planning how you’ll handle health expenses is one of the crucial jobs for any couple when planning for retirement. While many elements of health insurance are based on the individual, it’s important to evaluate these expenses as a couple because what happens to one person inevitably affects the couple as a whole. From a financial point of view and also from a caregiver point of view.

Shake Off The Dirt & Try Again

Author Mary Anne Radmacher is quoted as saying, “Courage doesn’t always roar. Sometimes courage is that little voice at the end of the day that says, ‘I’ll try again tomorrow.’” That kind of courage is not always visible, but it is every bit as noble. That kind of courage honors your commitment to yourself to keep evolving into that best version.

FTC Frowns on Misleading ‘Made in USA’ Claims

The FTC gets unhappy when a company says its products are “Made in USA” but don’t meet the standards for making such claims. It settled charges this year with companies in a variety of industries whose unqualified claims that their products were “Made in USA” or “Built in USA” weren’t true.

Increasing Your Executive Presence

I recently had the honor of speaking on the topic of executive presence, not just once – but twice. I participated in panels where we discussed the importance of executive presence to your career and how to increase yours.

The Power Of Saying No

When your business is young, you naturally welcome every new customer with open arms in an effort to generate cash flow and get on your feet. Too many business owners have trouble breaking that pattern, however, even after their business is more established, with the “say yes to everything” mentality trickling down to the front-line sales team. This can ultimately be a death sentence to a business.

Emphasizing the ‘I’ in CIO

There are a lot of titles out there for your role in the company: chief information officer (CIO), chief digital information officer (CDIO) or information technology (I.T.) director, but they all have one word in common: information.

Out of the Lab, Into the Marketplace

A keynote presentation by Rachel Antalek, vice president, concept innovation, Starbucks, at the Back End of Innovation 2017 Conference.

Start Where You Are

When it comes to raising money, you can encounter objections. Some of them start with your own team! People may want to know how and why the fundraising goal was set, what the funds will be used for and what the impact will be. They may want the most up-to-date data, coordinated strategies and new marketing materials.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 115 270 19,843
MORTGAGES 141 311 23,225
FORECLOSURE NOTICES 35 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 74 196 13,300
BUSINESS LICENSES 25 48 6,185
UTILITY CONNECTIONS 40 125 13,120
MARRIAGE LICENSES 15 73 4,915

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