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VOL. 131 | NO. 236 | Monday, November 28, 2016

Daily Digest

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First Tennessee Collecting Donations in Response to Chattanooga Crash

First Tennessee Bank and the First Tennessee Foundation have teamed up with the Hunter Worley Foundation to support families of the children killed in the recent Chattanooga bus tragedy. Donations will be accepted at any First Tennessee branch.

Donations totaling up to $10,000 will be matched dollar for dollar by the First Tennessee Foundation. The Hunter Worley Foundation will administer the donations to cover unpaid funeral expenses and provide immediate crisis assistance, ongoing living needs, education support, pastoral and psychological support and networking.

One hundred percent of the donations to the Hunter Worley Foundation are committed to these services. There is no administrative fee involved.

“We hope that making the donation process easier and matching these contributions will be impactful for what is certainly going to be a long road for so many,” said First Tennessee Chattanooga market leader Jeff Jackson in a statement about the donations.

– Andy Meek

City Planners Start Memphis 3.0 Kickoff Rallies Monday

City planners begin gathering public input Monday, Nov. 28, for the city’s first comprehensive development plan since 1981.

The Memphis 3.0 plan kickoff rallies begin with a session at Ed Rice Community Center, 2907 N. Watkins Road in Frayser. That’s followed by 13 other sessions through Dec. 10 at other city community centers as well as East High School, the Pipkin Building at the Mid-South Fairgrounds and the Cossitt Library.

The city planning team will begin each meeting with a presentation of the input they are looking for in putting together the plan and then citizens can comment in an informal setting. It is now a town hall meeting.

Once completed, the plan goes to the Memphis City Council for approval in November 2018 with the city rolling it out in May 2019 as local leaders mark the 200th anniversary of the founding of the city of Memphis.

– Bill Dries

Pranica Nominated for Tennessee Sportscaster of the Year

Memphis Grizzlies television play-by-play announcer Pete Pranica has been nominated for Tennessee State Sportscaster of the Year by the National Sports Media Association, marking Pranica’s fifth career nomination for the statewide award.

Finalists were nominated by NSMA members in their state between Oct. 15 and Nov. 15. The top two vote-getters (plus ties) are placed on the final ballot in the state categories, and the top 10 (plus ties) go on the national ballot, which will be voted on by NSMA members throughout the month of December. The NSMA consists of more than 800 leading sportscasters and sportswriters throughout the country.

Pete Weber of the Predators Radio Network in Nashville is the other state finalist.

Pranica is in his 13th season with the Grizzlies, and 24th overall covering the NBA.

– Don Wade

Memphis’ Rent-to-Income Ratio Among the Nation’s Lowest

Memphis recently was ranked third in the nation in terms of lowest rent-to-income ratio, according to a study conducted by SmartAsset, a financial data analytics company.

The study found that a 3.6 percent rent cost increase was offset by a 10 percent increase in median income from 2012 to 2015 in the Bluff City.

U.S. Census Bureau data show the median income in Memphis increased from $33,563 in 2012 to $36,908 in 2015. The average annual rent in Memphis was $9,564 in 2012 and $9,912 in 2015, according to the findings.

The study also found that residents in 29 out of the 50 largest cities in the country can expect to pay more than 30 percent of their income on rent, a percentage the U.S. Census Bureau marks as “rent-burdened.”

Detroit, Michigan, topped SmartAsset’s list, followed by Cleveland, Ohio. Jacksonville, Florida, and San Francisco, California, came in at Nos. 4 and 5, respectively.

– Patrick Lantrip

U of M Tops List of Tennessee Online Colleges

The University of Memphis is the state’s top higher education institution for online classes or degree programs, according to a new ranking by OnlineColleges.com.

The ranking relies on data from the National Center for Education Statistics across multiple criteria, including the number of online programs offered, in-state and out-of-state tuition, student services and the percentage of students at the institution taking online courses.

The University of Memphis topped the rankings of 55 institutions in the state, followed by Volunteer State Community College in Gallatin and Bethel University in McKenzie. Southwest Tennessee Community College was ranked 10th statewide.

– Bill Dries

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 307 21,073
MORTGAGES 82 330 24,691
FORECLOSURE NOTICES 66 93 8,703
BUILDING PERMITS 0 837 43,174
BANKRUPTCIES 63 240 14,142
BUSINESS LICENSES 17 75 6,476
UTILITY CONNECTIONS 25 139 13,650
MARRIAGE LICENSES 10 77 5,146

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