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VOL. TMN-10 | NO. 38 | Saturday, September 16, 2017
Weekly Issue

Beat LA? With 48 points, Memphis finds a way

Tigers take down No. 25 UCLA 48-45

First, let’s make sure that history doesn’t get what happened Saturday at the Liberty Bowl twisted.

Canadian Elevator Company Seeks PILOT For Hickory Hill Plant

A Canadian elevator company has a contract with a “Tennessee area” machine manufacturer for $500,000 and as a result wants to build a manufacturing plant in Hickory Hill as it expands its U.S. customer base.

Loeb Properties Planning $24M Overton Square Hotel

Loeb Properties wants to build on the revival of Overton Square by adding a $24 million, 100-room hotel in the district.

AG: SCS Must Release Student Info To ASD

Shelby County and Metro Nashville Schools cannot withhold student data from the state-run Achievement School District, according to a legal opinion released Thursday, Sept. 14, by Tennessee Attorney General Herbert Slatery.

Skipping School

The leap to college and career in K-12 education

The farm field at East Shelby Drive and Sycamore Road is “growing” steel beams, classroom walls and concrete floors. Nearby, the athletic fields of the new $90 million Collierville High School are being traced and laid out at summer’s end next to the framework of the large school.

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5K for Pre-K Saturday Morning Benefits Porter-Leath

Bountiful Blessings Inc. is hosting the 8th annual G.E. Patterson 5K for Pre-K benefiting Porter-Leath on Saturday, Sept. 16.

EDITORIAL

Editorial: Brooks’ Current Home As Important As Its Future

It’s hard to imagine Overton Park without the Memphis Brooks Museum of Art. The park itself was just shy of 15 years old when the Brooks opened in a beaux-arts-style marble box in 1916, awaiting art objects to fill its space.

EMPHASIS Financial Services

Wunderlich Preparing Downtown Space for HQ Move

By this time next year, Memphis-based investment firm Wunderlich Securities Inc. will have a prominent new headquarters space Downtown,

Credit Report Changes Remove Some Info, Put Greater Burden on Lenders

Lenders don’t just want a snapshot of potential borrowers. They want the full picture. In theory, the three major credit reporting companies – Equifax, Experian and TransUnion – were providing that. But the reports routinely included errors. It was not uncommon for the credit information of people with similar names to be confused.

Waddell & Associates Platform Looks to Turn Millennials Into Investors

Andrew Lichliter had a few thousand dollars in a retirement account, but wanted to change that to a different type of investment.

THE MEMPHIS NEWS ALMANAC

September 15-21, 2017: This week in Memphis history

1998: Closing of the Wonders series exhibit “Ancestors of the Incas” at The Pyramid.

LAW & THE COURTS

Dunavant Confirmed As U.S. Attorney

The U.S. Senate has confirmed Tipton County prosecutor Mike Dunavant as the new U.S. Attorney for the Western District of Tennessee, based in Memphis with offices in Jackson, Tennessee.

Juvenile Court Resisting Remedies, Says Former Settlement Coordinator

The coordinator overseeing the Memphis and Shelby County Juvenile Court settlement with the U.S. Department of Justice resigned in June as a reaction to the letter County Mayor Mark Luttrell, Juvenile Court Judge Dan Michael and Sheriff Bill Oldham sent U.S. Attorney General Jeff Sessions requesting an end to federal oversight of the court.

ARTS & ENTERTAINMENT

Memphis Brooks Museum Eyes Relocation Out of Overton Park

The Memphis Brooks Museum of Art might be leaving Midtown. The museum’s board has voted to allow the museum’s staff and the board’s long-range planning committee to evaluate locations in Memphis outside of Overton Park as possible homes for the Brooks’ permanent collection and future museum facilities.

City Hall Stands Ready to Assist Brooks Museum

The Memphis Brooks Museum of Art’s first and only home is owned by the city of Memphis, and the institution is the state’s largest art museum. Those two facts make city government more than an interested onlooker in what happens next as the museum’s board explores possibly moving out of Overton Park to a newly built facility elsewhere in the city.

Old-School Con

Big names slated to appear at 4th Memphis Comic Expo

After a disappointing turnout last year, the 2017 Memphis Comic Expo nearly didn’t happen. But last year, a little before Christmas, Donald Juengling’s father passed away. Richard Juengling had been a big fan of his son’s efforts to stage a creator-oriented comic convention in Memphis.

Power of Art

From the nationwide study “Arts and Economic Prosperity V” came overwhelming evidence that the arts make a financial impact. But of all the data accumulated in a yearlong collection effort launched by Americans for the Arts, one number leaped out at Elizabeth Rouse, who is president and CEO of ArtsMemphis: in 2015 in Shelby County, the arts supported 6,138 jobs (full-time equivalent).

Promoters Exporting Authenticity Of Memphis Music in Another Way

A new 5,000- to 6,000-seat concert venue at Graceland by early 2019 is competition. But it probably brings more customers to the overall market for concerts in the city, says the founder of Music Export Memphis, the city’s export office for the music business.

FINANCIAL SERVICES

Strategic Financial Partners In Growth Mode

Strategic Financial Partners president Russ VanderSteeg has been thinking about the future of his company and how to bring more younger financial advisers into an industry that has been going gray fast for at least a few years now.

August Mortgage Volume Up 16 Percent

The vice president of Independent Bank’s mortgage division is expecting to tackle about five mortgage pre-qualifications this week as well as a couple of contracts.

TRANSPORTATION & LOGISTICS

Rick-Rolling

Memphis Rickshaw to debut this weekend

Shawn Orphey first fell in love with Memphis seven years ago because it reminded him of a warmer version of his hometown of Detroit, which is one reason why the nomadic Midwesterner chose the Bluff City to plant roots and start his new company, Memphis Rickshaw.

GOVERNMENT & POLITICS

Touliatos Set To Make Run For Shelby County Mayor

Since her office is not term limited, Juvenile Court Clerk Joy Touliatos could stay for a while in the clerk’s position she has held for nearly two terms.

Monuments Controversy May Mean Long Haul of Lawsuits, Negotiations

When the Tennessee Historical Commission votes Oct. 13 on a waiver that would permit the city of Memphis to remove Confederate monuments from two city parks, it won’t be anywhere near the last word on the matter.

City Proposes 12 More Grants to Surviving ’68 Sanitation Workers

The city administration has identified a dozen more recipients for grants of $70,000 each to surviving city sanitation workers from 1968. That brings the total receiving the one-time payments to 26, with council action on the new grants scheduled for its Sept. 19 session.

COMMUNITY

More Than 150 Clergy Call for Removal of Forrest Statue

Memphis Mayor Jim Strickland has posted a letter from 153 local clergy members in the Memphis area backing the city’s call for a waiver from the Tennessee Historical Commission next month to allow the city to remove Confederate monuments from city parks.

REAL ESTATE & DEVELOPMENT

Frayser Landfill Expansion Voted Down

The proposed expansion of a construction landfill in Frayser was unanimously shot down by the Shelby County Land Use Board Thursday, Sept. 14, to the cheers of dozens of concerned residents and students from the nearby Memphis Business Academy who showed up to voice their opposition.

REIT Set to Make Fifth Downtown Memphis Investment

Alpha Residential Trust, a Pittsburgh, Pennsylvania-based real estate investment trust, has entered into an agreement to purchase the 266 Lofts development at the corner of Front Street and Dr. Martin Luther King Jr. Boulevard.

Home Sales, Prices Rise Sharply in August

As the summer months wind down, the housing market in Memphis and Shelby Country continued the upward swing that it has been on all year.

Tennessee Taco Opens in Former Los Compadres Space

3295 Poplar Ave., Memphis, TN 38111 -
Ben McLean, co-owner of the Overton Square burger restaurant Belly Acres, has been thinking about expanding his Memphis-area restaurant interests for a few years now.

ECONOMIC DEVELOPMENT

Soulsville Gateway Has 2nd Site

The South Memphis Alliance is about to close on a 52,923-square-foot warehouse on South Bellevue at Walker Street, the second part of a hard-fought gateway to the Soulsville area that has been in the works for the past five years.

RETAIL

Entrepreneur Strikes Right Note At Pop-Up Shop

Visitors to Tonya Dyson’s pop-up music shop at Edge Alley are greeted by a few sights all at once. Walls adorned with music-themed art, shelves stocked with records from Memphis artists and cozy furniture all help give the impression they’ve stepped into the living room of a serious music fan.

THE TIPPING POINT

Josh Roberts Says Yes to Growth

When Josh Roberts was growing up in the 1980s, Matchbox cars were still made of steel. One day, a young Roberts became curious about just how many of the toy cars he might be able to fit into the garbage disposal in his family’s Salt Lake City home. Roberts – now client engagement director at Southern Growth Studio – observes wryly, “It didn’t go well for the garbage disposal.”

SPORTS

Redbirds Owner/Fan Freund Sweats Every Pitch

The Memphis Redbirds’ first fan, majority owner Peter B. Freund, was sitting outside his suite at AutoZone Park. Game 1 of the Pacific Coast League Championship Series on Wednesday night was about to begin.

Life After Tony Allen? A Lot More Boring Than Life With Tony Allen

Tony Allen at his best was the best. Or as he loved to remind us all with a gesture and a shout: FIRST-TEAM ALL-DEFENSE!

Guarantano Must Prove His Worth on the Field

Two games into the season, Quinten Dormady has established himself as Tennessee’s quarterback.

All Eyes on Shoop’s Defense Against Gators

Butch Jones will coach one of the biggest games of his Tennessee career against Florida on Saturday.

Shaw Lends a Little Of His Courage to Titans

There were more than a few missteps and miscues by the Tennessee Titans in Sunday’s season-opening loss to the Oakland Raiders.

UCLA’s Prolific QB Rosen Will Test Tigers D

In Week 1, UCLA quarterback Josh Rosen rallied his team from 34 points down to defeat Texas A&M 45-44. It was the second-largest comeback win in FBS history.

MEMPHIS NEWSMAKERS

MMDC Hires Mitchell to Lead Community Development

Memphis native Vonesha Mitchell has joined the Memphis Medical District Collaborative as program manager, community development. Mitchell’s new position rolls together several functions, including recruiting retail for vacant and underutilized storefronts, working with U3 Advisors to launch and administer the Hire Local program, developing assistance package and incentive programs, and engaging current and potential businesses in the district to understand opportunities and concerns.

SNAPSHOT

Snapshot: More Midtown Apartments

The former Artisan Hotel is being demolished as part of the $43 million Midtown Market mixed-use project being co-developed by Belz Enterprises at Union Avenue and McLean Boulevard.

VIEW FROM THE HILL

Opioid Committee on Right Track, Obstacles Remain

Smyrna Police Chief Kevin Arnold can remember the first time his detectives brought a heroin case to him three or four years ago.

LOCAL COLUMNISTS

A Tasteful List: 2017

DIG IN, MEMPHIS. Presenting the Tasteful List 2017 – alphabetical local favorites in one decidedly local man’s opinion – all good if not good for you. Some are farm to table, some got waylaid by sugar, flour, corn meal and deep-frying along the way, but all are ours, bless their hearts. 

Create an Investment Policy Statement

Ray’s Take: Financial professionals have long used an investment policy statement for their clients. It’s a guiding set of principles, of sorts, to help make decisions along the way. It’s an excellent tool for anyone to use to keep themselves on track when it comes to financial planning.

Finding Your Giving Hour

What is an hour of your time worth? It’s not difficult to calculate the monetary equivalent of 60 minutes of doing your job. To use your skills, talent, training and wisdom has a price that brings value to your work. And what would that hour with you be worth if you gave it away? For someone in need, that hour with you could be priceless.

3 Tips For Moving To Another City

Have you ever thought of moving to another city? For many job seekers who are searching in a difficult market, I often recommend looking in other places. But, searching in one city while you live in another can be a challenge.

Method Over Madness: Your Marketing Budget

It is that time of year. No, not the start of football season – the start of budgeting season. If you’ve had a great year and your 2017 marketing efforts are producing a strong, measurable return on investment, then setting your 2018 marketing budget may not be too difficult. But if this year’s plans just haven’t generated results for your organization, you may be left wondering what to budget for 2018.

Is Business Killing Our Creative Sprits?

This week there was an article in Inc. magazine that was wildly popular on social media. Elon Musk named his favorite books and there was only one business book out of 10. The rest were science fiction, classics, great books. Many were surprised to learn that Musk finds inspiration in the arts and other fields and finds the canon of management literate uninspired, clichéd, even boring.

Be Prepared to Strike While the Iron is Hot

Hurricanes Harvey and Irma. Charlottesville. DACA. These are just three “hot topics” that dominated traditional and online media recently. Here’s the question: Has your nonprofit increased its revenue, number of donors, people served or community profile as a result of recent national media attention?

Company Culture Crucial For Success

Company culture should be at the top of every leader’s priority list.

Loeb Properties Planning $24M Overton Square Hotel

Loeb Properties wants to build on the revival of Overton Square by adding a $24 million, 100-room hotel in the district.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 296 17,839
MORTGAGES 83 360 20,786
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 161 671 36,487
BANKRUPTCIES 46 192 11,874
BUSINESS LICENSES 16 96 5,656
UTILITY CONNECTIONS 28 175 12,208
MARRIAGE LICENSES 32 92 4,449

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