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VOL. 130 | NO. 65 | Friday, April 3, 2015

Daily Digest

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South Main Property Fetches $1.5 Million

A mixed-used property in the booming South Main area has traded hands for $1.5 million.

An entity operating as 266 Lofts LLC bought the Class C building at 266 S. Front St. from Southfront Partners, in care of Ted Martin, according to a March 27 warranty deed.

Built in 1957, the 33,318-square-foot building is located on the east side of Main between Beale Street and Pontotoc Avenue. The Shelby County Assessor of Property’s 2014 appraisal is $1.2 million.

Source: The Daily News Online & Chandler Reports

Amos Maki

Memphis Leaders Revert Riverside Drive Bike Lanes

Riverside Drive between Beale Street and Georgia Avenue will return to four lanes of auto traffic in June, Memphis Mayor A C Wharton Jr. announced Wednesday, April 1.

But Wharton said the end of the yearlong trial period, which shifted the two southbound lanes to bicycle and pedestrian use, isn’t the end of some form of bike lanes on the scenic route.

“There will be bike lanes,” Wharton said earlier in the day before the announcement was made, when asked about a decision. “What we want to do is make sure we have the best configuration, the best alignment possible considering everybody’s views. We are not going to abandon bike lanes.”

Wharton also cited “no measurable shift of vehicle traffic to alternate routes” during the trial period.

“Travel speeds were reduced inconsistently, and the number of crashes was up over the year prior,” he added.

City Engineer John Cameron said at a public hearing in March that the city is considering a reconfiguration that would restore one lane of auto traffic on each side of Riverside’s median strip, with bike and pedestrian lanes taking the curb lanes.

“Once Riverside Drive has been completely repaved in 2016, we will again review the traffic patterns, the impact of major new developments and gather public input to determine the best permanent complete street configuration to accommodate all users – pedestrians, cyclists and motorists – safely and comfortably,” Cameron said in Wednesday’s written statement announcing the change.

– Bill Dries

Susan G. Komen Race Moving To Downtown Memphis

The annual Susan G. Komen Memphis-MidSouth Race For the Cure is moving Downtown in October.

The race – which was held in Collierville last year – will start and end at AutoZone Park October 31 and take in Riverside Drive as well as the Beale Street entertainment district. Sponsorships from Raymond James, AutoZone and the Memphis Redbirds are behind the move.

Elaine Hare, executive director of the Memphis race, said talks about moving the race had been underway for several years.

“We really need to have at least 20,000 participants in order to meet the need,” Hare said of the grants for breast health services, outreach and breast cancer education the Memphis organization makes each year.

“Our grant requests every year range from $900,000 to $1.5 million,” she said. “With only 15,000 participants, we are not generating enough money to meet the need.

“We know if we can get 20,000 people to register along with our corporate sponsors and the runners raise funds, then we’ll be able to meet the needs of our city. The easiest way to do this is to grow our race. We know the infrastructure is Downtown.”

The race was held in Germantown for 20 years before moving to Collierville in 2013.

– Bill Dries

Trustee Hosts Financial Literacy Events in April

With April being Financial Literacy Month, Shelby County Trustee David Lenoir is set to host a series of events across the city including financial education workshops and movie screenings about predatory lending to increase awareness and education.

On April 7 and 13, the Trustee’s office will host its “Project H.O.M.E.” financial education workshops at Ed Rice Community Center, 2907 N. Watkins, and Bert Ferguson Community Center, 8505 Trinity, respectively. Both workshops are from 6 p.m. to 8 p.m.

Project H.O.M.E. was developed in 2010 to help delinquent taxpayers with budgeting strategies.

Meanwhile, the Trustee’s office will also host screenings of the documentary “Spent: Looking for Change,” which follows the lives of four American families wrestling with the inconveniences that come with living outside the traditional financial system. The screenings will be on April 21 at First Baptist – Broad, at 2835 Broad Ave.; April 24 at St. Andrew A.M.E. Church, 867 S. Parkway E.; and April 28 at Golden Gate Cathedral, 3240 James Road.

The Trustee is also hosting events for young people in partnership with the University of Memphis and Shelby County Schools. For more information, visit www.shelbycountytrustee.com.

– Andy Meek

Engineers to Inspect Main Street Property

Both sides in an Environmental Court lawsuit over a long-vacant property will hire their own structural engineers to inspect the building at 107 S. Main St.

The agreement to the inspections resolved a move Thursday, April 2, by the plaintiffs in the lawsuit to have General Sessions Court Judge Larry Potter order such an inspection.

Attorney Steve Barlow, representing the city and the Downtown Memphis Commission, told Potter that a structural engineer needed access to the inside of the building to determine if moisture and other water leakage has caused any permanent damage to it or to the buildings on each side of it in the block south of Union Avenue.

“We don’t know, but we suspect that structural failure is possible,” Barlow told Potter.

Attorney Adam Nahmias disputed that and whether the possibility represented an emergency.

After Nahmias and Barlow conferred with the property owner, Allan Long, both sides reached an agreement for the dual inspections.

The lawsuit seeks to have the building declared a public nuisance, a status in which Potter would then order remedial measures.

All side are due to report back to Potter on April 23.

– Bill Dries

Memphis Airport Hires New Vice President of Operations

The Memphis-Shelby County Airport Authority announced this week a new vice president of operations.

Terry Blue brings 18 years of aviation experience, most recently as the deputy airport director for General Mitchell International Airport in Milwaukee, Wis., to his new role at MSCAA.

Blue, who starts his new job April 27, was selected from a field of 49 candidates. He replaces John Greaud, who retired in January after 25 years with the airport.

Blue’s experience in the airport industry also includes eight years at Denver International Airport, where he was aviation operations manager.

– Daily News staff

Senate Votes to Ban Drones Over Ticketed Events, Jails

The state Senate has voted to ban drones from recording images above ticketed events with more than 100 people in attendance.

The bill sponsored by Republican Sen. Jack Johnson of Franklin passed on a 33-0 vote on Thursday. Johnson said the measure had been requested by the NFL’s Tennessee Titans to prevent drones from flying over the team’s Nashville stadium during games.

The Senate bill also includes a ban on drones flying over correctional facilities or through fireworks displays. Those elements requested by the state sheriffs’ association and fire marshal’s office are not in the House version of the bill that passed on a 93-2 vote on Monday.

That means the two chambers will have to reconcile their difference before the measure can head for the governor’s consideration.

– The Associated Press

PROPERTY SALES 157 157 10,093
MORTGAGES 161 161 11,107
BUILDING PERMITS 229 229 22,402
BANKRUPTCIES 54 54 6,365