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VOL. 130 | NO. 201 | Thursday, October 15, 2015

Daily Digest

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Facing History Gets DMC Funding

The Center City Development Corp. on Wednesday, Oct. 14, approved a storefront improvement grant of $8,478 to Facing History and Ourselves.

The nonprofit professional development and education organization recently moved to 115 Huling Ave., occupying 4,000 square feet across from the National Civil Rights Museum.

Facing History intends to leverage this proximity in a partnership with the museum in designing a 300-square-foot mural depicting “upstanders” in the community.

The largest portion of the project, $10,500, is allotted to the mural, with other funds going toward a window graphic installation, building sign and spot lighting, and graffiti removal.

Facing History will match the grant to reach the total project cost of $17,000.

“I see this as an opportunity to bring more young people Downtown as well as we think about growing our impact and who’s coming Downtown,” said CCDC treasurer, and soon-to-become Downtown Memphis Commission president, Terence Patterson.

The project is anticipated to be completed in June 2016.

– Madeline Faber

International Paper Hikes Dividend

Shareholders of Memphis-based International Paper Co. got good news Tuesday, Oct. 13, as the Memphis-based paper giant announced it would hike its dividend.

The regular quarterly dividend will increase 10 percent, from 40 cents to 44 cents per share.

And IP declared a regular quarterly dividend of $1 a share on the company’s cumulative $4 preferred stock.

Both dividend increases approved by the IP board of directors are for the fourth quarter. They are payable Dec. 15 to shareholders of record at the close of business Nov. 16.

International Paper chairman and CEO Mark Sutton said the dividends reflect “our confidence in the sustainability of our free cash flow generation and the future performance of our company.”

– Bill Dries

Greenline Access on Perkins Snags $100K County Grant

The Shelby Farms Greenline is a step closer to a new access point at the neighborhood where the pedestrian and bicycle trail goes under Perkins Road.

Shelby County commissioners approved Monday, Oct. 12, a $100,000 grant toward the ADA-accessible trail, to run parallel to Perkins north of Princeton Road, that will offer greenline access to the surrounding Avon residential area.

A pathway of sorts currently connects to the greenway, but it is at an incline and has seen some erosion.

Commissioner Heidi Shafer, whose district includes the area, proposed the grant using her share of a fund commissioners established last year.

The Shelby Farms Park Conservancy is raising another $70,000 through an ioby crowdsourcing campaign and the conservancy’s website, shelbyfarmspark.org/perkins, to start construction on the access point.

Memphis-based Ritchie Smith Associates has already completed the design.

– Bill Dries

Clinton Campaign Names Tennessee Supporters

U.S. Rep. Steve Cohen and outgoing Memphis Mayor A C Wharton are among the Memphis Democrats who have formally joined former Secretary of State Hillary Clinton’s presidential campaign.

Following the Tuesday, Oct. 13, CNN debate of Democratic presidential hopefuls, Clinton’s campaign named its Tennessee group.

It also includes state Sen. Sara Kyle and state Reps. G.A. Hardaway, Raumesh Akbari, Joe Towns, Larry Miller and Johnnie Turner as well as Tennessee Young Democrats president London Lamar of Memphis.

Several other Memphians are on the list, including Democratic National Committee member Gale Jones Carson; business leaders John and Ellen Vergos, Henry and Lynne Turley, and Jim and Lucia Gilliland; city attorney Herman Morris; and attorney Dale Tuttle.

– Bill Dries

Wolf River Conservancy Schedules Greenway Forums

The Wolf River Conservancy will hold a series of five public forums starting Tuesday, Oct. 20, on the Wolf River Greenway project, the $40 million pedestrian and bicycle trail system that will follow the Wolf River through Shelby County.

Each forum runs from 5 p.m. to 8 p.m. and will offer more information and solicit public comments about the greenway.

The hearings are:

• Oct. 20: The Office at Uptown, 495 N. Second St.

• Oct. 21: Hollywood Community Center, 1560 N. Hollywood St.

• Oct. 22: Ed Rice Community Center, 2907 N. Watkins St.

• Oct. 27: Raleigh Community Center, 3678 Powers Road

• Oct. 28: Bert Ferguson Community Center, 8505 Trinity Road.

– Bill Dries

St. Jude Taps New VP of Communications

St. Jude Children’s Research Hospital has appointed Dr. Barry Whyte as vice president of communications and public relations.

Before joining St. Jude, Whyte was the head of public relations and communications for the European Molecular Biology Organization in Germany, where he was responsible for a communication program to promote excellence in life sciences.

Whyte also serves as an advisory panel member for the Max Planck Institute of Molecular Cell Biology and Genetics in Dresden, where he advises on public relations activities.

– Andy Meek

Germantown Horse Show Raises Funds for Exchange Club

An area nonprofit dedicated to ending the cycle of child abuse and domestic violence received $35,800 from the 67th annual Germantown Charity Horse Show.

Held every June, the event has supported the Exchange Club Family Center for 17 years by raising funds for the nonprofit’s programs and services. This year, the horse show made a $25,000 donation to the center, which was in addition to $10,800 raised by staff and volunteers through program sales.

– Don Wade

Crosstown Brewing Founders Turn to Kickstarter

The founders of the forthcoming Crosstown Brewing Co. have turned to Kickstarter to raise money.

Funds will go toward the brewery Will Goodwin and Clark Ortkiese want to open in the Crosstown neighborhood next year. So far, 116 backers have pledged $13,969 toward the $20,000 goal.

From the crowdfunding page:

“By placing our brewery in the Crosstown neighborhood, we really want to help build a new and exciting community in this city. Turning our dream into a reality is a daunting task, though, and we really need some support from our fellow Memphians to take care of some of the initial expenses of our adventure. By contributing to Crosstown Brewing Company, you’re helping to the ensure the success of a business that will always focus on giving back to the community that we call home.”

– Andy Meek

PROPERTY SALES 0 133 1,342
MORTGAGES 0 131 1,047