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VOL. 10 | NO. 31 | Saturday, July 29, 2017

July 28-August 3, 2017: This week in Memphis history

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(Memphis News File/Brandon Dill)

1975: The Peabody Hotel is sold out of receivership at auction for $400,000 – with another $140,000 for its belongings – to secret bidders through attorney Raymond Shainberg. The only other bid is $100,000 from Robert “Prince Mongo” Hodges.
Shainberg’s clients are father and son Philip and Jack Belz, who undertake a $20 million renovation and reopen the hotel in 1981. Years later, Jack Belz says he and his family expected more competition in the bidding and may have intended to quickly sell the hotel again but instead undertook the renovation.

1965: On the front page of The Daily News, developer William B. Clark says the office tower his company is building at 5050 Poplar Ave., White Station Tower, will be “the largest and tallest office building outside of Downtown Memphis.” “In this building, we are offering an entirely new and forward-thinking concept in office facilities which we think are superior to any conceived in the city of Memphis.”
That same year, the 100 N. Main office building Downtown becomes the city’s tallest building at 430 feet and 37 stories. Seven years after White Station Tower opens, Clark builds the 400-foot-tall, 34-floor Clark Tower next to White Station Tower.

1923: On the front page of The Daily News, the streetcar company is considering a rate hike from 7 cents to 8 cents.

• “There is strong talk of another skyscraper at Adams and Front Street. It will be but a short time until work is started on the new Peabody hotel, which will be by far the largest and finest hotel in the entire south. … Plans are being made for at least seven new apartment houses. … The county will soon start work on a $50,000 school building for Hollywood.”

• Sheet music of Bob Miller’s tune “Sweet Pal” is a big seller in Memphis and elsewhere. The Memphis songwriter and composer is back in town after a trip to Chicago to make player piano discs of that and some of his other compositions.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 133 1,342
MORTGAGES 0 131 1,047
FORECLOSURE NOTICES 20 39 190
BUILDING PERMITS 0 305 3,056
BANKRUPTCIES 17 135 753
BUSINESS LICENSES 0 53 329
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0