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VOL. 131 | NO. 216 | Friday, October 28, 2016


Bill Dries

Last Word: MATA Plans Bigger, Tiger Football Exits and Heartbreak Hotel Closes

By Bill Dries

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With a set of route and schedule changes about to hit the streets in December, the Memphis Area Transit Authority is embarking on a larger more comprehensive change in the city’s bus system. It is nothing less than a rebuilding of the city’s public transportation system that starts the planning process in November.

MATA president Ron Garrison talked about this during a conference Wednesday for state public transportation leaders in Memphis.

Garrison will also be pursuing a $25 million increase in funding to go with the strategic plan.

Three Tigers football recruits from Oklahoma – Nick Robinson, Marcus Mays and Gervarrius Owens – each decommitted themselves from the U of M program Thursday with separate posts on Twitter. And Robinson claims there was no coordination of the announcements. Feb. 1 is national signing day. And the Tigers play Tulsa Saturday at the Liberty Bowl.

In our Friday sports section:

Don Wade on the coming Tigers basketball season, Dedric Lawson and hot wings.

David Climer in Nashville on SEC football dominance.

UT football enters the grinder via Dave Link in Knoxville.

Behind the Headlines is a reporter’s roundtable on various topics all of us have been busy covering the last week or so from the coming elections and the early voter turnout to a collaborative reform study of the MPD, Beale Street decisions to Big River Crossing and what its success means for the city as a whole. We are joined in the discussion by Bernal Smith, publisher of The New Tri-State Defender and Toby Sells of The Memphis Flyer. The show is at 7 p.m. Friday on WKNO television.

The latest in the series of fall ribbon cuttings was Thursday on Elvis Presley Boulevard where what is the city’s third largest hotel by room count – at 450 rooms – opened. The first day for The Guest House at Graceland, just north of rock and roll’s house on the hill, came after the last night’s stay at Heartbreak Hotel. It’s also ahead of the long-planned and delayed streetscape improvement on Elvis Presley between Brooks Road and Shelby Drive that start on the Shelby Drive end with the new year.

The cover story in our weekly, The Memphis News, by Madeline Faber is about new life in the Memphis office market and other adventures in commercial real estate including an industrial market that is “on fire.”

The new edition PDF is up already on this website. The hard copies hit the racks Friday morning around town and the cover story goes up online Friday afternoon.

The cover story sets the table for our Nov. 3 Commercial Real Estate Seminar at the Brooks. The seminar will look at what has been a very busy year in commercial real estate despite it being an election year, which usually means a sluggish year for CRE, according to one of our panelists.

The Daily News Seminar also includes a 2017 forecast and you can expect a lot of talk about changing parking ratios and real questions on what happens when the ratio doesn’t cover everybody in an office building.

Before all of that, the Urban Land Institute has a presentation on CRE emerging trends.

More on the previtalization of Clayborn Temple and its public re-debut of sorts earlier this week.

A $40,000 grant to a local program that encourage minority college students to become entrepreneurs. LITE competed with 750 other nonprofits for the grant from the State Farm Youth Advisory Board. LITE is the brainchild of a Teacher For America economics teachers at Power Center Academy in Hickory Hill.

Vine is dead, with Twitter saying it would pull the plug Thursday and MacBook Air is a no show at Apple Thursday update. More from AP on what Apple did talk about in Cupertino.

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