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VOL. 132 | NO. 85 | Friday, April 28, 2017

Daily Digest

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Live at the Garden Lineup Features New and Old

The 2017 Live at the Garden concert series at Memphis Botanic Garden is mixing in some current sounds with nostalgia in the summer lineup of five concerts announced Wednesday, April 26.

The concert series is sponsored by Duncan-Williams Inc. The acts slated to perform this season include:

• June 23 – Little Big Town
• July 1 – Boston
• Aug. 11 – Drew Holcomb & The Neighbors, with St. Paul and the Broken Bones
• Aug. 26 – Seal
• Sept. 15 – Steve Miller

Season subscriptions are on sale and tickets to individual shows in the series go on sale starting May 12.

– Bill Dries

UTHSC, Methodist Executive Leaving for Arizona Position

A well-known cardiologist who holds leadership roles at the University of Tennessee Health Science Center and Methodist Le Bonheur Healthcare is headed west for a new job.

Dr. Guy Reed, who currently serves as chair of UTHSC’s Department of Medicine and interim executive vice president of Methodist Le Bonheur, has been named dean of the University of Arizona College of Medicine-Phoenix.

He is moving with his wife, Elizabeth, to Phoenix to assume his new position in July.

Reed is an internationally recognized cardiologist, known for his research into the mechanism of blood clots and vascular disease. Prior to joining UTHSC, he worked as an associate physician at Massachusetts General Hospital. He’s also been part of the faculty at the Harvard Cardiovascular Biology Laboratory and was recruited as a Georgia Research Alliance Eminent Scholar and the Kupperman Professor and Chief of Cardiology.

Through grant support from the National Institutes of Health, he translated his laboratory research findings into a clot-dissolving therapy to treat patients with strokes and heart attacks, which is now in clinical trials. In 2015, the company he founded to translate his science into therapy, Translational Sciences Inc., signed an exclusive licensing agreement with Tokyo-based Daiichi Sankyo Company Ltd. to develop and commercialize the treatment for patients.

Reed will be the third dean of the UA College of Medicine-Phoenix. The medical college opened its doors in 2007.

– Andy Meek

Tigers Closer on List For Stopper of the Year

University of Memphis junior closer Colton Hathcock has been named to the Midseason Watch List for the 13th annual National Collegiate Baseball Writers Association Stopper of the Year Award.

Hathcock picked up his 11th save of the season this week in a win at Arkansas State, moving him into a tie for eighth nationally in the save category. The 11 saves are the third most by a Tigers pitcher in a single season in school history. The single-season program record for saves is 14, set by Nolan Blackwood in 2015.

The right-hander has made the transition to the backend of the bullpen this season after serving as the team’s Friday night starter in 2016.

In 19 appearances this season, Hathcock has a 2-2 record and a 3.08 ERA with 35 strikeouts in 26 1/3 innings pitched.

Throughout his three-year career he has a 3.80 ERA in 151 2/3 innings pitched. The Atoka, Tennessee, product has 145 strikeouts to 69 walks in his career.

Hathcock is among 40 players on the watch list and one of just two American Athletic Conference pitchers to be recognized, joining UConn’s Mike Russell.

Hathcock isn’t the first Tigers closer to receive national recognition. Blackwood, Memphis’ career saves leader, was named to the midseason watch list in 2015 and Jonathan Van Eaton received the same honor in 2013.

– Don Wade

TVA Adding Solar Panels At New Allen Plant

The Tennessee Valley Authority is adding more solar to its generation portfolio with the construction of a solar facility at the Allen combined cycle gas site in Memphis.

The one-megawatt facility will be the largest TVA-owned solar project in its service area. Construction is underway and the plant should be producing power by September, TVA announced in a release.

More than 3,000 solar panels will be installed on about 3 acres along Riverport Road next to the new Allen gas plant, which is also under construction and will be powered by natural gas instead of coal. The $1.3 million solar installation will produce enough electricity to power about 120 average homes. Along with five megawatts of biogas generation, the Allen combined cycle project will produce enough renewable energy to power approximately 2,900 average homes.

TVA said it expects to invest about $8 billion to support its renewables portfolio over the next 20 years. TVA currently has more than 400 megawatts of renewable solar power under contract from other entities.

TVA’s renewable energy programs reflect its commitment to a diversified, cleaner energy mix that best serves the power needs of businesses and residents of the Tennessee Valley, the public utility said, while continuing to provide reliable power at the lowest cost possible.

– Daily News staff

Longtime Bankers Association General Counsel to Depart

Tim Amos, the Tennessee Bankers Association general counsel who’s well-known among bankers, legislators and the legal community across the state, is leaving the group after nearly 33 years.

He’s starting his own legal and governmental affairs consultancy.

Among his accomplishments with the organization, Amos initiated and passed updates to the Uniform Commercial Code, the backbone of commercial practice, and helped pass revisions to Tennessee’s trust and fiduciary statutes, making Tennessee one of the preferred destinations for the location of trust operations.

– Andy Meek

Commercial Bank and Trust Names Community President

Commercial Bank and Trust Co. has tapped Andrea Gladney as its new community president for the Memphis market.

Gladney served as a loan officer and manager for the bank’s Raymond James branch since 2009. She has more than 25 years of banking experience, beginning her career in 1990, and she’s served as both a retail and commercial lender, and a community bank president prior to joining Commercial Bank and Trust Co.

– Andy Meek

Shelby County Unemployment Rate Dips Slightly in March

The unemployment rate in Shelby County dropped from 5.5 percent in February to 5.4 percent in March, according to the Tennessee Department of Labor and Workforce Development.

The department reports that compared to February, unemployment rates for March 2017 decreased in 91 counties across the state, increased in three and remained the same in one.

Davidson County had the state’s lowest major metropolitan rate in March at 3.4 percent, a decline from 3.6 percent in the prior month.

Knox County’s March rate was 3.9 percent, decreasing from February’s 4.1 percent. And Hamilton County saw its jobless rate decline from 4.8 percent in February to 4.5 percent in March.

The average unemployment rates for Tennessee and the U.S. fell by two-tenths of a percentage point in March to 5.1 percent and 4.5 percent, respectively.

– Daily News staff

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 207 263 9,865
MORTGAGES 197 246 10,862
FORECLOSURE NOTICES 0 12 1,301
BUILDING PERMITS 138 686 21,643
BANKRUPTCIES 0 256 6,219
BUSINESS LICENSES 29 93 4,032
UTILITY CONNECTIONS 25 85 2,977
MARRIAGE LICENSES 19 71 2,092