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VOL. 133 | NO. 96 | Monday, May 14, 2018

Week Ahead: May 14-20

Go hog wild, Memphis! One of the most anticipated community events of the year kicks off this week when Tom Lee Park again becomes ground zero for the Memphis in May World Championship Barbecue Cooking Contest. Teams from around the world will try to win over judges with their savory renditions of all things pig. It will be a lip-smackin’ good time win or lose, though. 

Three Companies Seeking Tax Abatements for Expansion Projects

Three companies will be seeking tax incentive packages from the Economic Development Growth Engine for Memphis and Shelby County during its Wednesday, May 16 meeting.

Former Bears Legend Mike Singletary to Lead Memphis Football Franchise

If Memphis is going to have another pro football league that won’t be confused with the NFL – and it is – it can’t hurt for the first head coach to be a pro football Hall-of-Famer, a feared former linebacker who made the Chicago Bears proud.

Second Convention Center Hotel Has Footprint Beyond City’s Tallest Building

After four years as an emptied out eyesore and lots of promises with very little follow up, the city’s tallest building is at the center of a tentative deal to make it the second convention center hotel.

Around Memphis: May 14, 2018

The Daily News offers a weekly roundup of Memphis-related headlines from around the web, adding context and new perspectives to the original content we produce on a daily basis. Here are some recent stories worth checking out…

Local Weather
Currently
Memphis, TN
77.0°F
Light Rain
Wind: East at 8.1 mph
Humidity: 96%

EVENTS

The Memphis Jewish Community Center will screen “Besa: The Promise” Tuesday, May 15, at 7 p.m. at MJCC, 6560 Poplar Ave. The film weaves Albania’s heroism in World War II through the journeys of two men. The screening is part of the monthlong Toward Justice: A City-Wide Upstanders’ Project. Cost is free. Visit jccmemphis.org for details.

more events »

Last Word: Mimeo Move, Food Fight and Sundquist for Blackburn

There aren’t any renderings just yet of what a second convention center hotel with the 100 North Main Building as its centerpiece would look like. That’s probably a good thing for now because some of the specs and the footprint are still in flux. The developers of the proposed convention center hotel said as the weekend began that they plan a 600 room hotel and a complex that includes two 30-story towers in addition to the 37-story tall 100 North Main Building – the tallest building in the city. And the foot print will likely jump Second Street to take in the vacant Jefferson Plaza building. Here is the update and some perspective on how we got to this point.

REAL ESTATE RECAP

AutoZone Expanding Downtown, One Commerce Square Hits Market

40 S. Main St. -
One Commerce Square, the fourth-largest building in Memphis, has hit the market.

THE MEMPHIS NEWS

Grocery Wars

With everyone facing thin margins, grocery stores battle for customer experience

For a typical consumer, a trip to the grocery store might mean little more than a quick run to pick up essentials like bread and milk. Cart filled. Self-checkout. Back out the sliding doors. So mundane, none of it is given a second thought once you’re back in the car with your purchases.

Editorial: Buying Food in a Food City

The business of food is in a cycle of change from farm to table – whether it’s blowing up the Memphis barbecue stereotype or how we get our groceries.

May 11-17, 2018: This week in Memphis history

1976: An ad in The Daily News by Marx & Bensdorf offers a 170-acre estate at Holmes Road and Center Hill Road, then south of Collierville’s city limits, for sale for $1.1 million. The “picture book” estate is advertised as the one-time home of the state’s most famous walking horse, Carbon Copy, the 1964 world grand champion.

LAST WEEK'S MOST POPULAR

100 North Main To Become Convention Center Hotel Via Letter of Intent

The city of Memphis has signed a letter of intent for the redevelopment of the city’s tallest building as a convention center hotel.

One Commerce Square Office Tower Up for Sale

One Commerce Square, the fourth-largest building in Memphis, has hit the market. The 29-story high-rise office tower and four-story annex, located at 40 S. Main St., also comes with a leasehold interest in a roughly 500-space parking garage, according to real estate brokerage firm CBRE’s Deal Flow listing.

Fall Creek Falls Project Leaves Destructive Trail

The Fall Creek Falls Inn and Conference Center will soon be in ruins like the livelihoods of the state employees who worked there.

Room to Grow

Checkers far from saturation point in Memphis market

Local Checkers franchisee group Tristate Restaurants LLC is preparing to open its newest location in Memphis at 3680 Lamar Ave. by early to mid-May, and plans for as many as five more locations over the next couple of years.

Grizzlies’ Poor Draft History In Focus With Lottery Pick

When the NBA Draft Lottery is held on Tuesday, May 15, in Chicago, Grizzlies point guard Mike Conley will be watching on TV. The lottery show will air at 6:30 p.m. on ESPN, should you be inclined to join Conley and root along.

2018 TENNESSEE ELECTIONS: ISSUES & ANSWERS

Rural Tennessee Fighting for Its Prosperity

For many Tennesseans the pain and financial loss of the 2008 recession has faded.

What Do Statewide Candidates Say About Rural Tennessee?

Like most of America, Tennessee’s metropolitan areas have prospered during the last eight years, while the rural areas have lagged in almost every measure. The state has 19 of its 95 counties classified as “distressed.” What can and should we do to give every Tennessean a chance to succeed?

STATEWIDE

Tennessee Eyes $17.5M for Relocating New York Financial Firm

NASHVILLE, Tenn. (AP) – Tennessee officials want to award $17.5 million for financial firm AllianceBernstein Holding LP to relocate its global headquarters from New York.

Cyberattack on Knox County Election Website Preceded Outage

An intentional cyberattack and suspicious activity by foreign computers preceded the crash of a website that was reporting results in a Tennessee county's primary elections, a cyber-security firm said Friday.

Trump to Headline Blackburn Senate Fundraiser in Tennessee

NASHVILLE, Tenn. (AP) – President Donald Trump will headline a Tennessee fundraiser for Rep. Marsha Blackburn in her Senate bid.

NATIONAL BUSINESS

Ford Could Restart Truck Assembly at 2 Plants on May 18

DETROIT (AP) – Ford could restart production of F-Series pickups as soon as May 18 at two factories that stopped making trucks due to a fire at a parts supplier plant.

Starbucks Tells Employees: Let Anyone Use the Restroom

NEW YORK (AP) – Starbucks has told employees to let anyone use the restroom, even if they haven't bought anything, as it reviews its policies and tries to restore its reputation after the arrest of two black men at a coffee shop in Philadelphia.

Postal Service: More Financial Loss as Mail Delivery Slumps

WASHINGTON (AP) – The U.S. Postal Service reported another quarterly loss on Friday after an unrelenting drop in mail volume and costs of its health care and pension obligations outweighed strong gains in package deliveries.

NATIONAL GOVERNMENT

Few Teeth in Trump's Prescription to Reduce Drug Prices

WASHINGTON (AP) – President Donald Trump's long-promised plan to bring down drug prices, unveiled Friday, would mostly spare the pharmaceutical industry he previously accused of "getting away with murder." Instead he focuses on private competition and more openness to reduce America's prescription pain.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 59 232 11,757
MORTGAGES 80 254 13,681
FORECLOSURE NOTICES 0 19 1,877
BUILDING PERMITS 93 480 24,644
BANKRUPTCIES 61 179 7,652
BUSINESS LICENSES 41 100 4,007
UTILITY CONNECTIONS 34 118 4,799
MARRIAGE LICENSES 10 48 2,592

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