VOL. 133 | NO. 72 | Tuesday, April 10, 2018
The team behind Flight restaurant Downtown and Southern Social in Germantown – Tom Powers and Russ Graham – are the new tenants for the cornerstone space in Overton Square occupied until recently by Bar Louie.
Robert Pera will keep controlling interest in the Memphis Grizzlies. Pera informed Grizzlies MVP season ticket holders of his decision in an email Monday night and the team subsequently distributed a short press release announcing Pera’s decision but offering no details, except to say that Pera also had notified the NBA.
Beginning in 2019, the annual PGA Tour stop in Memphis will be a World Golf Championship event – unless there is a huge surprise at the Thursday, April 12, press conference the PGA has scheduled at the FedEx Event Center at Shelby Farms.
Consultants mapping a reconstruction of the city’s bus system are suggesting $30 million more a year in annual city funding for the system and a shift of bus service so that 70 percent of the routes have a higher frequency, reducing wait times during peak hours on major north-south and east-west corridors.
Rev. James Lawson, the architect of nonviolent resistance who counseled Dr. Martin Luther King Jr. on it, walked in a circle last week around the new “I Am A Man” bronze and stainless steel sculpture. As he walked with his head down, still and video photographers scrambled for the best angle to capture the seminal strategist of the civil rights era, seemingly deep in thought.
Memphis-based First Tennessee Bank, along with its newly acquired Capital Bank, are launching a five-year, nearly $4 billion effort to expand the availability of financial resources in low- to moderate-income communities across an 8-state footprint.
This time next week, Memphis-based investment firm Wunderlich Securities Inc. will start to be settled into the company’s new Downtown Memphis headquarters, in suite 1800 at One Commerce Square.
A task force looking to overhaul the city’s bus system presents a draft report Tuesday, April 10, to Memphis City Council members.
The race for the U.S. Senate seat in Tennessee got much closer to becoming the two-candidate contest Democratic and Republican leaders have already decided it is.
A day ahead of the last game of the season for the Grizz on the road, the team’s majority owner, Robert Pera, acted Monday to clear up questions about the ownership of the team going forward. Pera emailed season ticket holders Monday evening that he will not be exercising a buy-sell agreement with his partners who have minority shares of the franchise.
On Wednesday, the Memphis Grizzlies will play their last game of this difficult season at Oklahoma City. They are on track to finish with the second-worst record in the NBA and to have just under a 20 percent chance in the NBA Lottery to wind up with the overall No. 1 pick.
U.S. Sen. Bob Corker is watching his time in the Senate closely as he wraps up the second of two terms there.
The Memphis City Council will meet Tuesday, April 10, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for an agenda.
SPECIAL EDITION The Status of Health Care
Local medical device manufacturers are breathing a sigh of relief this year following the January delay of the 2.3 percent medical device excise tax, and most are hoping for a permanent repeal sometime in the next 21 months. The tax is now set to go into effect on Jan. 1, 2020, saving device companies as much as $3.7 billion during the two-year suspension.
Methodist South Hospital in Whitehaven has for more than a year been the site of a flurry of construction projects, including an $8.7 million expansion of the emergency department that wrapped up last year, while an upgrade of the intensive care unit is underway now.
NASHVILLE – Three Shelby County lawmakers played key roles in helping a medical marijuana bill move through the Legislature, supporting its passage in the House Criminal Justice Committee before the bill was pulled Tuesday, April 3, by its Senate sponsor, Democratic state Sen. Steve Dickerson of Nashville.
REAL ESTATE RECAP
477 S. Main St., Memphis, TN 38103 -
The developers of a 62-room Arrive Hotel planned for the former Memphis College of Art graduate school at 477 S. Main St. are seeking approval from the Center City Revenue Finance Corp. for a change of ownership and timeline extension.
A special column for executive directors and college presidents. “I guess I’ll have to do it myself. I can’t depend on anyone. People say they want to help, but...”
Talk about nothing wasted. Behold the founding story, which reads more like a creation myth, of Poo-Pourri.
NASHVILLE, Tenn. (AP) – A Tennessee distribution center is expanding and expects to add as many as 75 jobs in the next five years.
OXFORD, Miss. (AP) – Mississippi's state Health Department says it has diagnosed a student at the University of Mississippi with tuberculosis.
WASHINGTON (AP) – Facebook CEO Mark Zuckerberg sounded contrite in prepared congressional remarks and said Facebook didn't do enough to prevent its tools from being used for harm.
GENEVA (AP) – Swiss pharmaceuticals giant Novartis says it has agreed to buy the U.S.-based gene therapy company AveXis Inc. for $8.7 billion, part of its goal to become a leader in the treatment of neurodegenerative diseases.
U.S. airlines are getting better at many things except getting you to your destination on time.
The fine print of YouTube's terms of service has a warning that goes unheeded by millions of children who visit YouTube to watch cartoons, nursery rhymes, science experiments or videos of toys being unboxed.
WASHINGTON (AP) – The combined effect of President Donald Trump's tax cuts and last month's budget-busting spending bill is sending the government's budget deficit toward the $1 trillion mark next year, according to a new analysis by the Congressional Budget Office.
CHICAGO (AP) – Two popular stop-smoking drugs are as safe for the heart as nicotine patches and dummy pills, according to research requested by U.S. and European regulators.
WASHINGTON (AP) – U.S. health officials on Monday placed new restrictions on a permanent contraceptive implant that has been subject to reports of painful complications from thousands of women. But the metal implant, called Essure, will remain on the market.
SAN FRANCISCO (AP) – Employers cannot pay women less than men for the same work based on differences in their salaries at previous jobs, a federal appeals court said Monday.
WASHINGTON (AP) – The federal agency handling workplace harassment complaints has become a crowded waystation in an overwhelmed bureaucracy, with wait times often stretching years. And as the Equal Employment Opportunity Commission takes on renewed significance in light of the growing #MeToo movement, lawyers worry the increased caseload will lead to even longer delays.