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VOL. 133 | NO. 114 | Thursday, June 7, 2018

Malco Planning New 'State-of-the-Art' Theater for Lake District

More good news for the residents of Lakeland as Malco Theatres Inc. has signed a letter of intent to construct a “state-of-the-art” movie theater in The Lake District.

$71.2M Federal Grant Awarded for Long-Sought Lamar Avenue Upgrade

A $71.2 million federal transportation grant announced Tuesday, June 5, in Washington, D.C., will fund long-planned and awaited infrastructure updates to the city’s major freight corridor.

Doing It All: FESJC volunteers leave no stone unturned

In 2009, Brian Gay won the FedEx St. Jude Classic. He got the big check, more ranking points and all the acclaim that goes with winning a PGA Tour event. And no doubt, any FESJC volunteer that crossed his path that year did right by him. Picked him up and got him to TPC Southwind on time, delivered cold water on the golf course and on and on.

New Benchmark Owners Seeking Incentives for 4-Star Hotel

A Rhode Island-based company has acquired the site of the former Benchmark Hotel and is seeking a 15-year tax incentive from the Downtown Memphis Commission to demolish the structure’s remaining concrete skeleton and replace it with a new four-star hotel.

International Paper Passes on Final Bid for Smurfit Kappa Acquisition

Memphis-based International Paper Co. has called off its bid for now to acquire Smurfit Kappa Group PLC, Europe’s largest maker of cardboard boxes, IP executives announced Tuesday, June 6.

Local Weather
Currently
Memphis, TN
83.0°F
Mostly Cloudy
Wind: Southwest at 6.9 mph
Humidity: 74%

EVENTS

Memphis Botanic Garden hosts 30 Thursdays: Zen and Zinfandel June 7, at 6 p.m. at 750 Cherry Road. The first Thursday of each month features a yoga session led by Sumits Yoga in one of MBG’s gardens – always with a glass of wine nearby. Bring your own yoga mat and beverage. Free with garden admission. Visit memphisbotanicgarden.com/30thursdays for details.

more events »

Last Word: The Commutation, Tuition Freeze and Blackburn and Sundquist

Alice Marie Johnson walked out of a federal prison in Alabama Wednesday after serving 21 years of a life prison sentence for dealing drugs and laundering money as part of a Memphis drug ring with Texas connections in the 1990s. Johnson’s release came the same day that President Donald Trump commuted her life sentence less than a week after he met with reality television personality Kim Kardashian West who appealed for Johnson’s release. Here is the Associated Press story.

Metal Museum Pondering Possibility of Polishing Up Rust Hall

When Memphis College of Art announced in October it would be closing its doors for good by May 2020 – an announcement that came just months after the Memphis Brooks Museum of Art, another longtime mainstay, said it, too, was leaving Overton Park – there was an understandable level of concern for many patrons of the park.

Few Ripples to End City Hall’s Budget Season

The Memphis City Council gave final approval Tuesday, June 5, to a $685 million city operating budget, an $87 million capital budget and a $3.19 city property tax rate.

VIEW FROM THE HILL

Blackburn’s Scattershot Hits Surprise Targets

Republican U.S. Rep. Marsha Blackburn is doubling down against Democratic opponent Phil Bredesen in the race for an open U.S. Senate seat, hammering him as a liberal in the vein of Obama, Clinton, Schumer and Pelosi.

LOCAL COLUMNISTS

Putting the ‘Power’ in Power of Attorney

When I discuss estate planning with people, I am usually met with one of two responses: “I haven’t gotten around to it,” or, “I don’t need any.”

MEMPHIS AREA

Trump Commutes Sentence for Drug Offender in Memphis Case

Alice Marie Johnson received backing from Kim Kardashian West

WASHINGTON (AP) – President Donald Trump commuted the sentence Wednesday of a woman serving a life sentence in a Memphis drug case whose cause was championed by reality TV star Kim Kardashian West in a recent visit to the White House.

Perfect Attendance Equals Bikes for Students in Memphis Area

MEMPHIS, Tenn. (AP) – Dozens of children with perfect attendance in a Tennessee school district are getting a gift to enjoy on summer break: A bicycle.

STATEWIDE

Tennessee Finalizes Settlement With Ousted Chancellor

KNOXVILLE, Tenn. (AP) – The University of Tennessee has finalized a $1.33 million settle-ment with ousted chancellor Beverly Davenport, formally ending her employment at the school after a tumultuous tenure that lasted less than 1 1/2 years.

Students Trying to Make Tennessee River More Accessible

KNOXVILLE, Tenn. (AP) – A group of students and professors from the University of Tennessee are working to make the Tennessee River more accessible.

REGIONAL NEWS

Arkansas Won't Lift Dicamba Ban for Farmers

LITTLE ROCK, Ark. (AP) – Arkansas officials have denied a request by some farmers to lift the state's ban on in-crop dicamba use.

NATIONAL BUSINESS

Group That Advises Gov't Watchdog is Disbanded, Members Say

NEW YORK (AP) – The head of the Consumer Financial Protection Bureau dissolved a group of outside experts that acts as an important sounding board for the watchdog agency on economic and financial issues as well as policy.

HEALTH CARE

Trustees Report Warns Medicare Finances Worsening

WASHINGTON (AP) – Medicare will run out of money sooner than expected, and Social Secu-rity's financial problems can't be ignored either, the government said Tuesday in a sobering checkup on programs vital to the middle class.

To Get Around Pharmacy Gag Rules, Ask About Drug Costs

WASHINGTON (AP) – "Do you have prescription insurance?" It's one of the first questions consumers hear at the pharmacy counter, and many hand over their insurance cards in the hopes of getting a good price. But sometimes using insurance can actually cost more – and even prevent the pharmacist from saying so.

TECHNOLOGY

Facebook to Fund Original News Shows From ABC, CNN, Others

NEW YORK (AP) – Facebook says it will fund original news shows created by such news or-ganizations as ABC, CNN and Mic.

To Get Around Pharmacy Gag Rules, Ask About Drug Costs

WASHINGTON (AP) – "Do you have prescription insurance?" It's one of the first questions consumers hear at the pharmacy counter, and many hand over their insurance cards in the hopes of getting a good price. But sometimes using insurance can actually cost more – and even prevent the pharmacist from saying so.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
FORECLOSURE NOTICES 19 63 2,202
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926
BUSINESS LICENSES 23 136 4,701
UTILITY CONNECTIONS 23 141 5,534
MARRIAGE LICENSES 15 88 2,982

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