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VOL. 127 | NO. 120 | Wednesday, June 20, 2012

Daily Digest

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Land in G'town's Enclave Sells for $2 Million

Memphis-based entity Enclave 5 & 6 Joint Venture has bought land in Enclave Planned Development in Germantown from Magna Bank for $2 million. The land, which is on the north side of Wolf River Boulevard west of where Forest Hill-Irene Road would run if extended, is proposed as Enclave phases five and six, according to documents filed with the Shelby County Register of Deeds.

In conjunction with the purchase, the joint venture filed two loans through Financial Federal Savings Bank: a $2.2 million development loan for 13.1 acres proposed as phase five, and a $764,250 loan for two parcels totaling 25.8 acres proposed as phase six.

Magna Bank bought the property in February 2011 in lieu of foreclosure from Memphis-based Duntreath Partners.

Source: The Daily News Online & Chandler Reports

– Daily News staff

Federal Officials Award $15M for Harahan Bridge

Federal transportation officials have awarded a $15 million grant to the plan for a pedestrian and bicycle boardwalk along the Harahan Rail Bridge across the Mississippi River at Memphis.

The funding comes through the TIGER – Transportation Investment Generation Economic Recovery – program of the U.S. Department of Transportation.

Word of the grant came Tuesday, June 19, from the office of U.S. Rep. Steve Cohen, D-Memphis.

The city’s TIGER grant proposal for the Harahan Bridge project was revamped in March to emphasize the boardwalk on the north side of the bridge as part of a connection between Main Street Memphis and Broadway Avenue, the Main Street of West Memphis on the other side of the river.

The grants, which are in their fourth round, are aimed at projects like Main Street renovations and corridors being opened to multi-modal transportation including mass transit as well as pedestrian and bicycle traffic.

The Memphis Center City Revenue Finance Corp. approved $2 million in funding toward the Harahan effort in March contingent on the city winning the federal funding.

The Main Street to Broadway plan has an estimated cost of $30 million, which includes a combination of public and private funding.

– Bill Dries

Trustee Conducts Workshop for Taxpayers June 26

Shelby County Trustee David Lenoir will conduct a Project H.O.M.E. Workshop Tuesday, June 26, at the Charles Powell-Westwood Community Center at 810 Western Park.

The trustee’s community outreach and financial empowerment staff conducts the workshops – the letters of which stand for Home Ownership Made Easier – each month along with banking partner Regions Bank. The goal is to help delinquent taxpayers keep their properties from being sold.

During the workshops, taxpayers learn about budgeting, they have the opportunity to complete a spending plan and to prepare an initial plan with Trustee staff to pay off their delinquent property taxes. Those who complete the workshop receive a certificate that, combined with setting up a reasonable payment plan, prevents the sale of the property at tax sale.

The June 26 workshop will begin at 6 p.m., followed by meetings with the Trustee’s representatives onsite.

Project H.O.M.E. workshops are scheduled through November. The next workshop will be held Aug. 11 at the Hickory Hill Community Center. Check www.shelbycountytrustee.com or the Shelby County Trustee’s Facebook page for dates and times.

– Andy Meek

Cooper Young Biz Association Helps Mid-South Food Bank

Members of the Cooper Young Business Association are working together in a money and food drive for Operation Feed, the Mid-South Food Bank’s largest drive.

Operation Feed began in 1991, and last year raised food and money to provide 1 million healthy meals for 21,000 hungry and needy people in the Mid-South. This year will be the first time the CYBA has participated, and the organization is hoping to make an impact with its communitywide campaign.

Cooper Young Community Farmers Market will be accepting donations Saturday, June 23, at the Farmers Market, 1000 S. Cooper St. in the First Congregational Church parking lot. A free cup of coffee will be offered to anyone donating two cans or more.

Haizlip Studio will be conducting a money and food drive through the end of the month. Food can be dropped off at 2125 Central Ave. or picked up by calling 573-3417.

Java Cabana will be collecting cans during its weekly open mic night Thursday, June 21, from 8 p.m. until 10 p.m. at 2170 Young Ave.

Me and Mrs. Jones will have a special offer for those donating cans at their location on Thursday, June 21, at 889 S. Cooper.

And Sweetgrass will donate a portion of their sales Thursday, June 21, to help feed the need.

Only non-perishable items will be accepted and must be standard size (any can larger than 29 ounces is too big.) For bagged items (rice, beans, etc.), one-pound bags are best.

– Sarah Baker

ETSU Official Named State Medical Examiner

Tennessee has named Dr. Karen Cline-Parhamovich, the current director of forensic pathology at East Tennessee State University’s Quillen College of Medicine, as the state’s new chief medical examiner.

Cline-Parhamovich told WJHL-TV in Johnson City, Tenn., that she is looking forward to making sure the state’s autopsy process is as efficient as it can be.

She said her responsibilities will expand to be more involved with educating local county medical examiners and medical investigators.

She has been serving as the interim chief medical examiner and deputy chief medical examiner since December 2010.

The previous state medical examiner, Bruce Levy, was arrested in March 2010 in Mississippi after investigators found a package of pot with his name on it at a distribution center and more of the drug in his hotel room.

– The Associated Press

Sweet Sorghum Facility To Be Installed at Agricenter

Eped Biofuels Holdings Inc. has made a strategic equity investment in BioDimensions Delta BioRenewables LLC, allowing the company to install a demonstration sweet sorghum semi-works processing facility at Agricenter International, 7777 Walnut Grove Road.

This processing facility moves the company a step closer to the full commercialization of its sweet sorghum industrial sugar platform, carrying it from research and development to the early commercial stage. The investment is expected to help both companies accelerate the development of domestically produced sweet sorghum as a sustainable raw material for bioprocessing.

The Epec investment provides funding to establish and operate a semi-works production and demonstration facility at Agricenter, as well as resources to accelerate technology and market development for sweet sorghum industrial sugars and co-products.

BioDimensions Delta BioRenewables LLC evolved from a 2009 joint venture of BioDimensions Inc., Memphis Bioworks Foundation and German Farms focused on assessing the potential of sweet sorghum as a domestic industrial sugar crop.

The company in 2011 began commercializing sustainable industrial sugar feedstocks to replace petroleum in the production of renewable chemicals, advanced biofuels and biobased materials.

BioDimensions Delta BioRenewables has already successfully developed and demonstrated commercial-scale cultivation, harvesting and processing technologies for sweet sorghum at its pilot plant near Whiteville.

Epec Biofuels Holdings Inc. is focused on the complete supply chain for the production, distribution, and utilization of Ethanol 2.0 from sweet sorghum.

– Aisling Maki

Special Program to Be Held at Civil Rights Museum

Two special programs are this week at the National Civil Rights Museum.

On Wednesday, Ryan Jones will make a presentation “Martyrs of the Movement,” about people who tragically lost their lives as a result of racial discrimination between 1955 and 1968.

Thursday will be storytelling hour with LaZora Jones. Children 8 and under will get a chance to engage in history and cultural enrichment.

– The Associated Press

PROPERTY SALES 105 193 8,028
MORTGAGES 120 239 9,024
BUILDING PERMITS 192 445 17,512
BANKRUPTCIES 27 69 5,228