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VOL. 132 | NO. 210 | Monday, October 23, 2017

The Week Ahead: Oct. 23-29

Hey, Memphis! Fall festivals continue this week and an important meeting concerning Memphis music kicks off Wednesday and stretches over three days. This weekend, Halloween events will haunt and the Grizzlies face one of their scary Western Conference opponents from Texas.

Bernal Smith II, Publisher of New Tri-State Defender Dies

Bernal E. Smith II, president and publisher of The New Tri-State Defender newspaper, died Sunday, Oct. 22, at his home, according to Smith’s family.

First Tennessee Parent Company Reports Positive “Stress Test” Results

First Horizon National Corp. has submitted the results of its annual Dodd-Frank Act Stress Test to regulators, which show that the company’s management and board believes it “would maintain capital well in excess of regulatory adequate levels under severely adverse economic and financial conditions.”

Republican Contenders for Governor Acknowledge Memphis Differences

The red Farmall tractor that Republican contender for governor Bill Lee drove through 30 counties in a 758-mile journey from Mountain City to Memphis at 24 mph was pretty comfortable as tractors with cabs go.

Grizzlies Run Past Golden State, 111-101

When it was done, when the Memphis Grizzlies had defeated the reigning NBA champion Golden State Warriors 111-101 Saturday night at FedExForum, and Stephen Curry and Kevin Durant had been ejected, there was a lot of explaining to do.

Local Weather
Currently
Memphis, TN
47.0°F
Fair
Wind: Northwest at 6.9 mph
Humidity: 44%

EVENTS

Memphis Area Minority Contractors Association will host a Construction Estimating for Beginners class Monday through Wednesday, Oct. 23-25, at the city of Memphis Business Development Center, 555 Beale St. Attendees must know how to read blueprints and bring a calculator, notepad and architectural ruler. Cost is $10. RSVP to 901-526-9300 or at eventbrite.com.

more events »

Last Word: The Bucc Falls, Lakeland Demolition and Crossing The Year Mark

Late word Sunday that Bernal Smith II, the president and publisher of the New Tri-State Defender, died at his home Sunday. Smith was a part of the reporters roundtables we do from time to time on "Behind The Headlines." He brought back the city's legacy African-American-owned newspaper and in that role over the last seven years was a big voice in the reshaping of Memphis as a media market. He put reporters back on the streets of this city to cover Memphis and its issues in an independent way that make this a much richer and more competitive media market than it has been in quite some time. Editorially, he was a strong voice on numerous issues and he spoke from the experience of growing up in this city. He was 45 years old and here at The Daily News, those of us who came to know him and work with him on the show express our condolences to his family.

Elvis Items to Hit Celebrity Auction Block on Nov. 11

Elvis collectors and fans will soon have the chance to own a piece of history when a variety of items once owned by the King become available.

Gibson Confirms Plans for New Memphis Factory

Nashville-based guitar maker Gibson Brands Inc. confirmed Friday, Oct. 20, it is putting its Downtown Memphis factory on the market and plans to build and lease a new facility nearby.

REAL ESTATE RECAP

U of M Files $33.5M Permit for Land Bridge

570 Houston St.  -
The University of Memphis has filed a $33.5 million building permit application with the Office of Construction Code Enforcement to move forward with a parking garage and a long-awaited land bridge over the Southern Avenue railroad track.

THE MEMPHIS NEWS

The Ties That Bind

Big River Crossing, where the railroads still run, links the rural riverfront of West Memphis with the bright lights of Downtown Memphis

When Big River Crossing was about to open a year ago, Doug Carpenter was asked often where the Tennessee-Arkansas state line is over the Mississippi River.

Big River Crossing: Observations on two wheels … and sometimes two feet

You can’t really do the reporting on Big River Crossing and the connections to it without going at it on bike. And so here are a few observations and opinions:

Editorial: Not All PILOTs Should Be Cleared for Takeoff

In our long civic discussion about tax incentives to boost economic development, an often-repeated refrain is that these incentives – specifically payment-in-lieu-of-taxes, aka PILOTs – should be strategic in nature.

October 20-26, 2017: This week in Memphis history

2016: Early voting opens in advance of the November presidential elections in Tennessee.

LAST WEEK'S MOST POPULAR

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.

Brooks Pursues Riverfront Site for New Museum

The board of the Memphis Brooks Museum of Art announced Tuesday, Oct. 17, it is working with city government to relocate the museum from its Overton Park home to a Downtown site on Front Street between Union and Monroe avenues.

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.

Amazon, Pfizer Seek Incentives for Projects

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.

Memphis Leaders Await Final Reports for Possible Coliseum Renovation

As Memphis Mayor Jim Strickland’s administration considers final details for a Fairgrounds redevelopment plan, he and his staff are waiting on a complete analysis of the condition of the Mid-South Coliseum.

STATEWIDE

State Sues Nashville Schools for Not Providing Student Info

NASHVILLE, Tenn. (AP) – Tennessee officials are suing Nashville's school district for withholding contact information for students zoned to failing schools.

Tennessee School District Looks to End Corporal Punishment

CHATTANOOGA, Tenn. (AP) – In Tennessee, which permits schools to use corporal punishment as a disciplinary measure, one school district is considering ending it.

REGIONAL NEWS

Monsanto Sues Arkansas Board for Banning Disputed Herbicide

LITTLE ROCK, Ark. (AP) – A major agribusiness company sued Arkansas regulators on Friday for banning its version of an herbicide that's drawn complaints from farmers across several states who say the weed killer has drifted onto their crops and caused widespread damage.

NATIONAL GOVERNMENT

Trump: Considering Powell and Taylor for Fed's Top 2 Posts

WASHINGTON (AP) – President Donald Trump signaled Friday that he is considering dual nominations for the Federal Reserve's top two jobs.

Budget Deficit Hits $666B, an $80B Spike for the Year

WASHINGTON (AP) – The federal budget deficit rose to $666 billion in the just-completed fiscal year, a spike that comes as Republicans are moving to draft a tax code rewrite that promises to add up to $1.5 trillion to the national debt over the coming decade.

HEALTH CARE

Uninsured Rate Up to 12.3 Percent Amid ‘Obamacare’ Turmoil

WASHINGTON (AP) – The number of U.S. adults without health insurance is up nearly 3.5 million this year, as rising premiums and political turmoil over "Obamacare" undermine coverage gains that drove the nation's uninsured rate to a historic low.

FDA Approves Better Vaccine Against Painful Shingles Virus

U.S. regulators have approved a new, more effective vaccine to prevent painful shingles, which is caused by the chickenpox virus.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 115 270 19,843
MORTGAGES 141 311 23,225
FORECLOSURE NOTICES 23 71 8,375
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.