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VOL. 132 | NO. 205 | Monday, October 16, 2017

Dries

Bill Dries

Last Word: Tigers Make Top 25, Pfizer's Next Tax Break and Shepherds Creek

By Bill Dries

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The Tigers make the top 25 ESPN Power Rankings for college football with the Liberty Bowl victory Saturday over Navy 30 – 27. And Tigers coach Mike Norvell responds to the pre-game arrest of a player on a rape charge.

Former 8th District Congressman Stephen Fincher has been on a "listening tour" for the last week going from Mountain City west to determine if he wants to run for the U.S. Senate seat Bob Corker is giving up next year. And we’ve heard he is due in Memphis Monday but we still await a time and a place. Fincher has also said at other stops that there won’t be a long deliberation over this – that he will announce his intentions this week.

More of The Week Ahead with the Grizz opening their season and Confluence Park opening as well.

Don Wade’s cover story in the new issue of our weekly, The Memphis News, is all about the new season for the Grizz and the team’s very different look and philosophy. We’ve written a lot over several years about the evolution of Grit ‘n’ Grind. The players who were the face of that have moved on. The team still claims it as a part of its personality if not its play. What that means is very uncertain. But as the sports cliché goes, all is possible at the start of the season when Chandler Parsons’ knees seem okay and Mike Conley keeps that old face mask handy just in case.

On Wednesday, Pfizer goes to the EDGE board looking for another PILOT or tax abatement even though its Memphis workforce has been declining below the levels promised in a series of PILOTs dating back to the old Memphis Industrial Development Board. And Pfizer executives say if they don’t get the tax break, they might move their financial front office to Germantown or somewhere else outside of Memphis. The site the incentives would go toward is at Boyle’s Ridgeway Center in East Memphis.

As the old week ended, way back there, Amazon confirmed what we had reported earlier – it is the tenant for a proposed 615,440 square foot distribution center on our side of the state line with Mississippi. Amazon stepped up as the tenant in an application for a PILOT that will also be heard at EDGE’s busy Wednesday meeting.

The Shelby County Commission votes Monday on proposed pay raises for 19 county elected officials including all 13 county commissioners. These pay raises would apply to those who win election and re-election next year in the August county general elections and all of them are double-digit percentage raises.

A record high for average home sale prices in Collierville through the first nine months of 2017, according to the Chandler Reports Neighborhood Profile Report. That average would be $344,845. Chandler Reports is the real estate information company that is part of The Daily News Co. Inc. The peak had been $330,579 in 2007 just before the housing bubble burst. The report looks specifically at the Shepherds Creek subdivision off Shea Road north of West Poplar where the largest home sale of the year so far was recorded for Collierville.

A solid third quarter for First Horizon National and First Tennessee Bank, which grew its net income seven percent from a year ago.

A recap of The Daily News Seminar from last week on the redevelopment of The Pinch – what some have called the Bicentennial Gateway project. This is a project that is hard to wrap your arms around in terms of the traditional specs about investment and who is doing what. And it may be the first of its kind at least for Memphis in that regard. That’s going to make the criticism sharper in some cases and the ability to judge its success a longer term prospect. There is a lot on the road to this project about its ability to connect and be a catalyst for development in adjoining areas. That is not a new sentiment or desire in our civic discussions.

And here is where the Confederate monuments controversy stands as the week begins from the city’s long anticipated presentation to the historical commission to the protest outside FedExForum later that same day back here.

The Memphis News Almanac: Crump dies, new bar president and President Grover Cleveland campaigns in Court Square

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 76 133 1,342
MORTGAGES 83 131 1,047
FORECLOSURE NOTICES 8 19 170
BUILDING PERMITS 190 277 3,028
BANKRUPTCIES 39 73 691
BUSINESS LICENSES 12 22 298
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0