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VOL. 130 | NO. 55 | Friday, March 20, 2015

Daily Digest

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Convenience Store on Airways Boulevard Sells for $475,000

A businessman has acquired a gas station and convenience store on Airways Boulevard for $475,000.

Moafk M. Alsid bought the convenience store at 4131 Airways Blvd. from Beruk Properties Inc., according to a March 13 warranty deed.

Built in 1984, the 2,585-square foot convenience store sits on less than an acre on Airways near East Raines Road. The Shelby County Assessor of Property’s 2014 appraisal is $278,200.

Source: The Daily News Online & Chandler Reports

– Amos Maki

Marco’s Pizza Franchisee Eyes More Memphis-Area Stores

With one Germantown location under his belt, Marco’s Pizza owner Peter Morgan is eyeing at least three more locations in the Memphis area.

Morgan’s franchise operation Marco’s Franchising LLC in January opened Marco’s Pizza of Germantown at 7685 Farmington Blvd., suite 103. Morgan plans on opening locations in Bartlett, Cordova and Collierville by the end of the year.

Looking ahead, Morgan plans to expand to 13 additional locations through strategic franchise partnerships over the next five years, a move he says will create around 260 new jobs.

– Amos Maki

Local Doctor Tapped as Head Of State Medical Association

Sutherland Cardiology Clinic interventional cardiologist Dr. Keith Anderson is the new president-elect of the Tennessee Medical Association.

He’ll serve as president of the association for 2016-17.

Dr. Anderson is board-certified in internal medicine, cardiovascular disease, and interventional cardiology. He, along with other newly elected officers and committee members, will be installed during TMA’s annual meeting in April.

– Andy Meek

River Mayors To Attend UN Climate Change Meeting

A delegation of mayors from cities along the Mississippi River will be at the United Nations Climate Change conference later this year in Paris.

The Mississippi River Mayors coalition, co-chaired by Memphis Mayor A C Wharton Jr., announced the delegation as part of an “international sidebar conversation” at the Nov. 30-Dec. 11 conference.

The conversation would include leaders along other major river basins including the Amazon, Rhine, Volga, Ganges, Danube, Euphrates and Tigris and Yellow Rivers.

The Mississippi River mayors have been meeting in Washington this week for talks on President Barack Obama’s budget proposal. The budget plan includes $200 million for a pre-disaster mitigation grant program designed to fund measures in advance of natural disasters.

The mayors have argued that their cities are too reliant on federal funding once such disasters have already happened. And the federal funding usually reimburses local and state governments for money they spend in the immediate aftermath of such a disaster.

– Bill Dries

Argent Financial Adds To Executive Ranks in Memphis

Argent Financial Group and its Argent Trust Co. subsidiary have added David Franks to executive ranks as senior vice president and relationship manager.

Franks, who joins market president of Argent Trust Ed Brundick as the firm’s local executives, will manage client relationships for individuals and institutions.

Also providing support to Memphis-area clients along with Franks will be Argent Trust Co. CEO Howard Safer and Ardent Trust chief investment officer Frank Hosse.

– Andy Meek

Legislation Keeps Tennessee Academic Standards

Tennessee Senate Speaker Ron Ramsey says an agreement has been reached on legislation that would keep the state’s current academic standards intact.

The Blountville Republican told reporters on Thursday that the agreement was made this week.

The state’s standards include the controversial Common Core standards for English and math intended to make students more competitive.

Conservative critics argue that the standards represent federal intrusion in matters that should be decided by the state, while those on the left say they impose too many requirements on teachers.

At least one Tennessee bill proposed this session sought to repeal the state’s standards and replace them with ones developed in Tennessee. However, Ramsey said the sponsor of that bill favors the compromise legislation.

The companion to the proposal is advancing in the House.

– The Associated Press

University of Memphis Research Forum on March 30

The University of Memphis will host its 27th annual Student Research Forum Monday, March 30.

Students in engineering, physical and applied sciences, life/health sciences, liberal and fine arts, education, business, social and behavioral sciences and math and computer science will present poster displays at the forum. The 161 undergraduate and graduate students participating can win up to $3,000 in prizes.

The event starts at 10 a.m. in the University Center Ballroom.

– The Daily News Staff

Memphis Street Newspaper Marks Second Anniversary

This weekend will mark the second anniversary of the launch of The Bridge, Memphis’ first street newspaper that addresses the hardships of the some 2,000 Memphians living on the streets.

The first edition launched on March 21, 2013. The team behind it approached members of the homeless population and paid them to share their stories and artwork for publication, in addition to training them as vendors to sell the paper while keeping the profits.

According to Caroline Ponseti, a Rhodes junior who helped found the paper, $32,000 has been put directly into the hands of the homeless as a result of The Bridge. And the paper’s top vendors make up to $540 per month.

The Bridge on March 25 will host a two-year anniversary celebration at St. Mary’s Episcopal Cathedral, 700 Poplar Ave. The event is free and open to the public.

– Andy Meek

Exemption in Tennessee Whiskey Law Raises Flags

An embattled state law establishing legal requirements to market spirits as “Tennessee Whiskey” could run afoul of both the U.S. and state constitutions for carving out a special exemption for a single distiller, according to a new legal opinion from state Attorney General Herbert Slatery.

The state Legislature in 2013 excluded Kelso-based Pritchard’s Distillery from the law passed at the behest of Jack Daniel’s that for the first time established rules for which products could label themselves as Tennessee whiskey.

Those rules codified what is known as the “Lincoln County Process,” which requires whiskey to be filtered through maple charcoal before being aged in unused charred barrels made out of oak. The filtering requirement makes up the principal difference from making bourbon.

Distiller Phil Pritchard gained his exemption after arguing that he shouldn’t have to follow a charcoal filtering requirement because it does not follow the technique used by his grandfather.

“If I subscribe to this rule that Jack Daniel’s has imposed on us all, then I would then be paying homage to Jack Daniel’s and not paying homage to my grandfather Benjamin Pritchard,” he said.

The fight over the Tennessee whiskey law has drawn in global liquor giants Diageo PLC, which owns George Dickel, and Louisville, Kentucky-based Brown-Forman Corp.

Several craft distilleries have lined up behind Jack Daniel’s to support the new law, but the makers of Dickel, Pritchard’s and Full Throttle have been vocal opponents of having to conform to the new law they have deemed too restrictive.

– The Associated Press

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 252 6,191
MORTGAGES 73 287 7,379
FORECLOSURE NOTICES 0 37 1,152
BUILDING PERMITS 227 556 13,147
BANKRUPTCIES 40 153 4,500
BUSINESS LICENSES 25 86 2,448
UTILITY CONNECTIONS 0 73 2,613
MARRIAGE LICENSES 16 65 1,300

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