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VOL. 126 | NO. 248 | Wednesday, December 21, 2011

UofM Officially Takes Over Lambuth Campus

AP

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JACKSON, Tenn. (AP) – The University of Memphis has officially taken ownership of the Lambuth campus and a flag-raising ceremony is scheduled for next month.

The Jackson Sun reports local officials registered the deed to the property on Tuesday, closing a purchase agreement in the works for more than a year (http://bit.ly/sIibfM).

Part of the campus is being leased by the state and is a satellite location of the University of Memphis.

Local stakeholders signed their rights to the campus over to the state of Tennessee on Monday after paying about $2 million each to fund the $7.9 million purchase of property.

Madison County Mayor Jimmy Harris says having a four-year state university will help the county recruit new industry, and hopefully bring more tax money and activity to West Tennessee.

Information from: The Jackson Sun, www.jacksonsun.com

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 109 490 20,766
MORTGAGES 131 556 24,361
FORECLOSURE NOTICES 6 61 8,610
BUILDING PERMITS 294 1,204 42,337
BANKRUPTCIES 63 348 13,902
BUSINESS LICENSES 18 97 6,401
UTILITY CONNECTIONS 41 216 13,511
MARRIAGE LICENSES 14 78 5,069

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