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VOL. 132 | NO. 182 | Wednesday, September 13, 2017


Bill Dries

Last Word: Midtown Moves, A Spike in Chandler Numbers and Old School Expo

By Bill Dries

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The Brooks looking for a place outside of Overton Park is a huge story that broke Tuesday evening. And it is one of those stories that has a lot of dominoes you might say. Our story looks at some earlier options the museum developed mid recession, which is what delayed fuller consideration of this whole question.

Those other options still on the table along with a new build elsewhere in the city, as outlined in detail in our story, are a retro fit of the 1973 addition or completely separating it from the original museum in an expansion that would go into the park but in areas assigned to the museum.

If Brooks does leave its only home of more than a century what goes in the marble box and its annexes? If it does stay in Overton Park what will change as a result of that decision? So many questions and so many of you will have thoughts on this. There is much more to come on this.

In Downtown development, a Pittsburgh REIT buys the 266 Lofts development at MLK and Front. The first phase of the lofts was just completed in August with construction on the second phase to begin in about a month and the two phases have made the resulting change in the tax breaks for this a bit different. Meanwhile, the REIT is the same one that owns four other Downtown residential properties.

Homes sales and the price of homes in Shelby County both took a jump in August compared to a year ago by the latest numbers from Chandler Reports, the real estate information company that is part of The Daily News Co. Inc. The average home sales price for the month was $172,152 and the number of homes sold went up 14 percent compared to a year ago. The Arlington and Collierville ZIPs led the way for the county with 18 home sales each with the average price more than $300,000.

The Chandler Reports mortgage numbers for August also up 16 percent by volume from a year ago with one of the lenders we talked with saying he’s hiring more loan officers to meet the demand.

As promised, more on the move by local elected leaders to bring down Confederate monuments – in this case the Shelby County Commission. And this remains a story about a difference in approaches to the goal as opposed to differences over the larger purpose. Commissioner Van Turner’s explanation of the legal strategy went a long way to Monday’s 11-0 vote by the commission on a resolution backing the city’s efforts – administration and council.

In the race for Tennessee Gov., Republican U.S. Rep. Diane Black of Gallatin is running for Governor but what she is undecided on is if she will exit her 6th District seat early. Roll Call sets the framework for her decision as she campaigns at the Tennessee State Fair. As chairwoman of the House Budget Committee, Black says her priority is getting a budget passed there and then making a decision on whether to leave her seat early or step down as chairwoman per a 2014 House rule and remain in the House.

Meanwhile, Republican rival Randy Boyd at the Tennessee Businesss Roundtable Tuesday with a 10-point plan for fighting opioid addiction. Boyd’s plan leads with a declaration of a state of emergency in the state when it comes to opioid abuse and appointing a “chief epidemic officer” as part of the governor’s cabinet on an interim basis. The person in that position would coordinate efforts. Boyd would also work to expand drug recovery courts and expand the number of recovery centers in the state. And his plan includes better protocols and rules for prescriptions with more checkpoints and multi-factor verification points.

On the Democratic side of the race for Governor, former Nashville Mayor Karl Dean is in Collierville Wednesday for a meet and greet.

Some of us already said our goodbyes to Tony Allen around the free agency period this summer. But it wasn’t until Monday that Allen had a deal for the next stop in his career. It is a one-year contract with the New Orleans Pelicans. And with that, it becomes real.

Game 1 becomes Game 2 for the Memphis Redbirds. Game 1 of their Pacific Coast League championship series with El Paso Tuesday was called way in advance because of the rain. So Wednesday evening’s Game 2 becomes Game 1 with a day game added Thursday to be Game 2. Clear?

A near perfect game in a near perfect Hawaii for the UCLA quarterback coming to town Saturday to play the Tigers at the Liberty Bowl.

Meet the new community development director of the Memphis Medical District Collaborative in our Newsmakers segment. Vonesha Mitchell is recruiting retail for the district among other duties including the Hire Local program for the district. And the district has hired a new real estate program manager to get the buildings and streetscapes ready for prospective tenants to have a look.

In Brownsville, Haywood County Sheriff Melvin Bond died Monday evening.

Some of you will be at the Cooper-Young Festival this weekend. Others will be at Agricenter for the Memphis Comic Expo and some of you will be at both. The expo is heavy with the artists and creators and not so heavy with sci-fi actors. The organizer of the expo, Donald Juengling, tells us that is no accident. It makes the expo kind of old school but nevertheless a deeper dive into the creative process unique to comics.

An interesting court case in Nashville by the state against Chevron claiming Chevron bilked the state’s petroleum clean-up fund to the tune of $18 million after private insurance covered the cost of the clean-ups from leaks and spills at 100 Tennessee gas stations. Chevron isn’t cooperating, which is the reason the state dropped its first pass at this in court two years ago. But Tennessee Attorney General Herbert Slatery now wants Chevron held in contempt for not providing the information.

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