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VOL. 132 | NO. 205 | Monday, October 16, 2017

Report: Grizzlies Roster Won't Include Baldwin, Zagorac

Former Vanderbilt guard Wade Baldwin, who was the Memphis Grizzlies’ first-round pick and the 17th overall player selected in the 2016 NBA Draft, will not make the team, league sources told ESPN. In addition to the team’s plan to waive Baldwin, they apparently will do the same with forward Rade Zagorac, a second-round choice (35th overall) in the 2016 NBA Draft.

The Week Ahead: Oct. 16-22

Hey, Memphis! Fall is definitely in the air now, as the slate of festivals and fun outdoor activities continue to roll on in the Bluff City. The Memphis Grizzlies open their 2017-2018 season at FedExForum against Tony Allen’s new team and don’t be surprised if you start seeing some ghosts and goblins by this weekend.

Amazon Confirms Plans for $72M Memphis Distribution Center

While Memphis has been working to win the nod from Amazon in the company’s highly publicized decision on where it will put its second headquarters, the city is poised to get a major unrelated investment from the e-commerce giant.

Tigers Top No. 24 Navy to get Back in AAC West Race

By reputation, Navy was the more efficient team. The team that didn’t make many mistakes and didn’t commit many penalties.

Pfizer Seeks Incentives to Retain Financial Services Operations in Memphis

Admitting that its workforce in Memphis has been declining due to technology and business changes, pharmaceutical company Pfizer Inc. is seeking a 14-year payment-in-lieu-of-taxes incentive from the city and county to retain its finance and accounting operations in Memphis with a “stabilized” workforce of about 250 workers.

Local Weather
Currently
Memphis, TN
52.0°F
Partly Cloudy
Wind: South at 8.1 mph
Humidity: 47%

EVENTS

Novel will host Curtis Wilkie and Thomas Oliphant for a discussion and signing of “The Road to Camelot: Inside JFK’s Five-Year Campaign” Monday, Oct. 16, at 6 p.m. at 387 Perkins Road Extended. Visit novelmemphis.com.

more events »

Last Word: Tigers Make Top 25, Pfizer's Next Tax Break and Shepherds Creek

The Tigers make the top 25 ESPN Power Rankings for college football with the Liberty Bowl victory Saturday over Navy 30 – 27. And Tigers coach Mike Norvell responds to the pre-game arrest of a player on a rape charge.

County Commission Votes on Big Pay Raises

The pay of 19 Shelby County government elected officials would go up in September 2018 for those elected in the August 2018 county general elections under proposals the county commission considers Monday, Oct. 16, on the first of three readings.

Collierville Home Prices Reach Record High

Through the first nine months of this year, average home sales prices in Collierville have reached a record high of $344,845, up 4 percent from $331,456 during the same period of 2016.

Historical Commission Grants City November Hearing on Forrest Statue

The Tennessee Historical Commission agreed Friday, Oct. 13, to send the city's request to remove a statue of Nathan Bedford Forrest from Health Sciences Park to an administrative law judge for a hearing next month.

First Tennessee Bank Parent Wraps Solid Third Quarter

The Memphis-based parent company of First Tennessee Bank is starting to wind down 2017 optimistic about its business and the direction of the economy, which helped the company grow its net income 7 percent during the quarter.

Leaders: Pinch District Development 'Knitting Together' Neighborhoods

The theme that keeps emerging when stakeholders and key officials talk about redevelopment of Downtown’s Pinch neighborhood is that of connecting pieces. The pieces are areas and landmarks around it that have been the focus of investment and attention and traffic while the Pinch has somewhat stalled.

REAL ESTATE RECAP

Shelby County to Overhaul Criminal Justice Center

201 Poplar Ave., Memphis, TN 38103 -

THE MEMPHIS NEWS

Turning The Page

Anticipation, anxiety, mystery abound as Grizzlies start season

The Memphis Grizzlies still cling to their old grit-and-grind identity – at least for marketing purposes and perhaps a subconscious need for comfort and security. But they also decided now was the time they had to initiate transformative change.

Editorial: End Runoffs to Avoid Ranked-Choice Voting

Almost a decade ago, Memphis voters approved a set of city charter amendments that included ranked-choice voting – a system in which voters select more than one candidate and then rank them by preference.

October 13-19, 2017: This week in Memphis history

1954: E.H. Crump dies after two days in a coma at his house on Peabody near McLean. The previous August, Crump had missed voting in the primary elections, reportedly the first time he had missed voting since he turned 21 years old, which was the legal voting age at the time.

LAST WEEK'S MOST POPULAR

Amazon Planning Memphis Distribution Center, Sources Say

Memphis is poised to land a massive Amazon distribution facility just north of the state line in Southeast Shelby County, according to multiple sources familiar with the project.

Designs for 3 Downtown Redevelopment Projects Approved

Plans for three prominent Downtown redevelopment projects received the architectural green light Wednesday afternoon, Oct. 11, from the Downtown Memphis Commission’s Design Review Board.

Methodist Changes Its Organizational Structure

Methodist Le Bonheur Healthcare has re-arranged itself organizationally, putting its institutions into two groups and encouraging executives to think more across the whole organization rather than with a narrower hospital focus.

New Apartments, Offices Headed for Cooper-Young

Two new development projects will get underway later this year along Cooper Street in Midtown, following their approval for 11-year PILOTs on Tuesday, Oct. 10.

Memphis Launches Public Campaign for Amazon Bid

Memphis’ bid to land Amazon’s second U.S. headquarters got a new public component Wednesday, Oct. 11, with the launch of a social media push and the lighting of Big River Crossing in Amazon’s signature orange color to help raise the city’s profile amid intense competition.

STATEWIDE

Carpet Maker Shaw Acquires Tennessee Digital Sample Provider

CHATTANOOGA, Tenn. (AP) – Shaw Industries, the country's biggest carpet maker, is buying a Tennessee-based producer of digital carpet samples and design tools.

REGIONAL NEWS

Arkansas OKs New Rate Increases for Marketplace Insurers

LITTLE ROCK, Ark. (AP) – Arkansas has approved average rate increases ranging from 14.2 percent to nearly 25 percent for plans offered through the insurance marketplace under the federal health care overhaul.

NATIONAL GOVERNMENT

Under Pressure From Congress, IRS Suspends Equifax Contract

WASHINGTON (AP) – The IRS suspended a $7.25 million contract with the credit reporting company Equifax Friday after members of Congress complained the tax agency had awarded a no-bid contract to a company that recently had a massive data beach.

Social Security Recipients Will See 2 Percent Boost in 2018

WASHINGTON (AP) – Millions of Social Security recipients and other retirees will get a 2 percent increase in benefits next year, the largest increase since 2012, thought it comes to only $25 a month for the average beneficiary.

TECHNOLOGY

Facebook Takes on Food Delivery, Challenges Uber and Others

NEW YORK (AP) – Several online services already offer food delivery, but that doesn't mean Facebook won't jump on board anyway.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 331 19,904
MORTGAGES 0 391 23,305
FORECLOSURE NOTICES 0 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 1 232 13,336
BUSINESS LICENSES 0 76 6,213
UTILITY CONNECTIONS 0 125 13,120
MARRIAGE LICENSES 0 94 4,936

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