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VOL. 133 | NO. 28 | Wednesday, February 7, 2018

New Apartments Planned for Overton Square

PMT Investments LLC, a newly formed business partnership between Aaron Petree, Cliff McLemore and Ed Thomas III, is seeking an 11-year tax abatement to construct a 16-unit apartment building on the periphery of Overton Square.

New Mixed-Use Building Planned for Former Blue Monkey Site

A local investment group is seeking a nine-year tax break from the Downtown Memphis Commission to construct a new mixed-use building where the Downtown Blue Monkey once stood at 529 Front St.

MATA To Terminate Bus Service to West Memphis

Citing a lack of funding, The Memphis Area Transit Authority and the City of West Memphis will terminate bus service to West Memphis effective Saturday, March 31.

City Council Approves 2 Percent Gas and Electric Rate Hikes

Memphis City Council members approved gas and electric rate hikes Tuesday, Feb. 6, for Memphis Light Gas and Water Division effective in July.

Bill Introduced to Expand EDGE’s Residential PILOT Boundaries

In an effort to encourage residential infill and density beyond the confines of Downtown and Midtown, new legislation is making its way through the Tennessee Senate and House of Representatives that would allow Shelby County to offer tax incentives to multifamily and hotel developers outside of the central business district.

Local Weather
Memphis, TN
Wind: from the Southwest at 12.7 gusting to 19.6 mph
Humidity: 88%


Agape Child & Family Services will hold a career fair Wednesday, Feb. 7, from 9 a.m. to 1 p.m. at its offices, 3160 Directors Row. The nonprofit is hiring for more than 30 open positions. Hiring managers from Agape will be on site for informal interviews, and candidates should bring a current resume. Visit agapemeanslove.org for details and requirements for the open positions.

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Trader Joe’s Seeking First Official Approval from Germantown

The saga of Trader Joe’s in Germantown has had more than its fair share of ups and downs over the last several years, but those all appear to be in the rear view mirror, as the first tangible plans listing the highly sought-after grocer have surfaced.


Shockers Pull Away from Tigers to Win by 20

University of Memphis coach Tubby Smith implores for his team to play more aggressive defense. The Tigers fell 85-65 to No. 22 Wichita State Tuesday, Feb. 6, at FedExForum in an American Athletic Conference game. Guard Jeremiah Martin led Memphis with 16 points, but had a rough shooting night. Memphis is now 14-10 overall, 5-6 in the league.

Commission Seeks Path For Elected County Utility Board

Shelby County commissioners approved Monday, Feb. 5, a first step toward providing county sewer services with a resolution supporting state legislation that would allow for an elected county utility board.

Last Word: MLGW Rate Hike, The May Ballot So Far and Old Dominick's Taxes

The Tobacco Corner, a Poplar Corridor landmark, is closing in April. There was once a set of Tobacco Corners that look like the one at Poplar and Mendenhall and they included “newsrooms” – places to buy magazines, sometimes adult, and newspapers -- after buying tobacco. In almost 50 years, none of those product lines are what they once were. And the legacy of a homegrown business is disapperaring, too. 

Tobacco Corner Closing Last Location

The Tobacco Corner Ltd., which has been a mainstay at the corner of South Mendenhall Road and Poplar Avenue for more than 40 years, appears on track to close its doors in April.

The Aging Process

Old Dominick Distillery very busy a year into enterprise

The team behind Old Dominick Distillery, which started filling its first barrels of Tennessee whiskey around this time last year, remains full steam ahead and is barely stopping to take note of their one-year anniversary.

Filing, Fundraising Pace Quickens in County Elections

Two of the five major contenders for Shelby County mayor in the May 1 primaries have six-figure campaign war chests and a third is just a few thousand dollars away.


Christine Staples Joins Buckman As VP of Water Technologies

Christine Staples recently joined Memphis-based Buckman as global vice president of water technologies. She comes to Buckman from Ecolab, where she held a number of executive leadership positions in both the water and energy industries.


Harwell Plans to Back Faison’s Medical Marijuana Legislation

House Speaker Beth Harwell is supporting medical marijuana legislation, saying she believes Tennesseans “deserve” an option to dangerous opioids.

Tennessee Bill Would Exempt Gun Safes From State Sales Tax

NASHVILLE, Tenn. (AP) – Democratic and Republican lawmakers in Tennessee are pushing legislation to exempt gun safes from the state's sales tax.


Diversity In Today’s Workplace

LinkedIn released its report on 2018 Global Recruiting Trends. They surveyed 9,000 recruiters and hiring managers from around the world on the state of hiring. Their research found that the biggest game changer in the hiring space is diversity.


Female Songwriters in Nashville Say ‘Time's Up’

NASHVILLE, Tenn. (AP) – Female musicians in Nashville have long complained about the lack of representation on country radio, but now a collective of female songwriters are singing "Time's Up."

Tennessee Officials Announce $400K in Agriculture Grants

NASHVILLE, Tenn. (AP) – Tennessee officials have announced more than $400,000 in grants to help new and expanding agriculture and food businesses, particularly in rural counties.

Closing Arguments Begin in Pilot Flying J Trial

CHATTANOOGA, Tenn. (AP) – Emails, recordings and testimony prove that four former employees of the truck stop chain Pilot Flying J conspired to defraud customers in a fuel rebate scam that has already resulted in more than a dozen guilty pleas, a prosecutor said Monday.

Tennessee Judge Hears Testimony Critical of Bus Driver

CHATTANOOGA, Tenn. (AP) – A judge is expected to decide whether to allow certain witness testimony at the trial of a Tennessee school bus driver charged in a fatal crash.


Quits Rise at Fastest Pace in 17 Years, Signaling Higher Pay

WASHINGTON (AP) – U.S. companies posted the fewest open jobs in seven months in December, yet the number of Americans quitting their jobs rose to a 17-year high, a mixed reading on the job market.

Apple Mulls Refunds for Battery Replacement on Old iPhones

SAN FRANCISCO (AP) – Apple is mulling refunds to customers who paid full price for battery replacements on older iPhones.

‘Lady Doritos’? It's Not Happening, PepsiCo Says

NEW YORK (AP) – Don't expect to see "lady Doritos" on store shelves. The company behind the cheesy chips said Tuesday that it's not developing a line of Doritos designed specifically for women, despite widespread online speculation that it was.

Dunkin' Donuts Aims to Boost Afternoon Sales

CANTON, Mass. (AP) – Will Americans run to Dunkin' later in the day? The coffee and doughnut chain hopes so.

GM Likely to Expand Subsidized Loans if Interest Rates Rise

DETROIT (AP) – If auto loan interest rates rise as expected this year, General Motors and others are likely to make more subsidized loans, including zero-percent financing, to keep car sales flowing.


$25M Deal Over Trump University Fraud Lawsuits Moves Forward

SAN FRANCISCO (AP) – A federal appeals court on Tuesday upheld an agreement requiring President Donald Trump to pay $25 million to settle lawsuits accusing his now-defunct Trump University of fraud.


White House to Release Infrastructure Principles on Monday

WASHINGTON (AP) – President Donald Trump is expected to release Monday his $1.5 trillion infrastructure plan, a top administration priority in 2018 that will rely heavily on state and local governments, as well as private investors.

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PROPERTY SALES 78 78 13,921
MORTGAGES 93 93 16,098
BUILDING PERMITS 242 242 28,995
BANKRUPTCIES 59 59 8,985

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