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VOL. 132 | NO. 188 | Thursday, September 21, 2017

Daily Digest

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Memphis Redbirds Fall In Triple-A Championship Game

The Memphis Redbirds’ historic season ended Tuesday, Sept. 19, with a 5-3 loss to the Durham Bulls in the Gildan Triple-A National Championship Game, played in Moosic, Pennsylvania.

The Redbirds won a franchise-best 91 games during the regular season and then captured two straight best-of-five playoff series to win the Pacific Coast League title. But as happened in 2009 when the Redbirds met the International League champion Bulls, they could not win the season’s last game.

Memphis held a 3-1 lead in the game until Kean Wong, the younger brother of former Redbird and current St. Louis Cardinals infielder Kolten Wong, hit a grand slam for Durham in the fourth inning. Jacob Wilson hit a two-run double for the Redbirds in the first inning for an early lead, and Tyler O’Neill and Wilfred Tovar each had two hits for Memphis.

First-year manager Stubby Clapp became the first manager in franchise history to be named PCL Manager of the Year, while Patrick Wisdom became the first Redbird since 2013 to earn All-PCL recognition.

This season, 62 different players took the field for the Redbirds and the team sent 22 players to St. Louis. The Redbirds had a franchise-high 11-game winning streak early in the season. The club’s 91 wins were the 10th-most in 119 years of professional baseball in Memphis, and the team’s .645 winning percentage was fourth-best.

– Don Wade

Memphis Airport Starting Construction on Car Rental Facility

Memphis International Airport is set to begin construction on an on-site car rental maintenance facility.

Chris Woods Construction Co. filed six building permit applications totaling $25.6 million with the Office of Construction Code Enforcement to construct the new facility on behalf of the Memphis-Shelby County Airport Authority.

The Memphis-based construction company’s $25.6 million bid was one of several contracts the MSCAA board approved Aug. 19 at its monthly meeting.

– Patrick Lantrip

Arlington to Elect Aldermen, School Board Members

Voters in Arlington go to the polls Thursday, Sept. 21, to decide local races for aldermen and school board.

The election day comes after an early voting period in which 579 of the city’s 8,150 voters participated.

The two election day polling sites by precinct – Arlington United Methodist Church, 6145 Quintard St., and Arlington Middle School, 5470 Lamb Road – are open from 7 a.m. to 7 p.m.

On the ballot are four races for aldermen and three for the school board.

Follow the election returns @tdnpols, twitter.com/tdnpols, after the polls close at 7 p.m.

– Bill Dries

Massachusetts Investor Buys Airport-Area Facility

Wellesley, Massachusetts-based Trident Capital Group has purchased a 150,000-square-foot industrial facility in the airport submarket for $3.5 million.

Trident, doing business as TCG 4290 Delp LLC, bought the warehouse at 4290 Delp St. from a group of investors comprised of three individual entities, according to a warranty deed filed with the Shelby County Register Sept. 19. Ronald Baumgarten with RNB Interests controlled 55 percent of the selling entity, while Brett Baumgarten with BRB Interests and Brett Keeshin with BAK Interests controlled 22.5 percent each.

Built in 1973, the one-story warehouse sits on a 9.4-acre parcel on the southeast corner of Delp Street and Pilot Drive. The Shelby County Assessor’s 2017 property appraisal is $2.6 million.

In conjunction with the purchase, Trident took out a $2.3 million mortgage with Aetna Life Insurance Company. Peter Walter signed the deed of trust on behalf of Trident.

Founded in 2008, Trident Capital Group was formed to acquire, manage and redevelop industrial properties in primary and select secondary markets.

– Patrick Lantrip

Legacy Wealth Management Wins Industry Distinction

Memphis-based independent investment advisory firm Legacy Wealth Management Inc. has been named to the FT 300 list, Financial Times’ ranking of the top 300 registered investment advisers in the U.S.

The FT 300, now in its fourth year, assesses RIAs on desirable traits for investors. To determine the list, the Financial Times first examined the database of RIAs registered with the U.S. Securities and Exchange Commission and selected those that reported $300 million or more in assets under management.

The advisers were then graded on six factors: adviser assets under management, asset growth, the company’s age, industry certifications of key employees, SEC compliance record and online accessibility.

Earlier this year, Legacy Wealth Management was also named a top financial adviser by AdvisoryHQ in the publication’s annual ranking of the top financial advisers in Memphis and Nashville. AdvisoryHQ provides reviews and rankings for financial advisory, banking, wealth management and accounting sectors.

– Andy Meek

Council Delays One Downtown Advance, Approves Another

Memphis City Council members Tuesday, Sept. 19, delayed for two weeks a vote on a $10 million advance to start renovation design work on the Memphis Cook Convention Center, seeking more specific information. City chief operating officer Doug McGowen said he would provide the council with a timeline and specific work to be done.

The council approved Tuesday another $11.5 million advance to get work started on the Bicentennial Gateway project in the nine-block area between the Pyramid and the campus of St. Jude Children’s Research Hospital, which is next to the convention center area and is designed to work with the convention center improvements.

The two advances come from surplus Tourism Development Zone funds the city has collected from sales taxes as well as possibly city reserve funds.

Council members confirmed the nomination of retired FedEx Corp. executive Mike Rodriguez as the city’s new chief information officer.

With much more reluctance, the council in a separate vote confirmed two nonvoting advisory members to the Memphis Light, Gas and Water Division board who live in Shelby County but outside Memphis. The appointment of Kevin Young and Dwain Kicklighter is part of a compromise with Tennessee legislators that city attorney Allen Wade described as a choice between appointing two nonvoting members or having the Tennessee General Assembly likely pass a law next year that would put voting members from outside the city in a position of power on the utility board.

Wade also invoked the specific specter of Shelby County Commissioner Terry Roland having a say in who gets on the utility board. Roland has been a longtime advocate of representation on the board by suburban residents.

The compromise allows MLGW access to bonds controlled by the state as well.

The ordinance that would call for the removal of Confederate monuments in city parks after Oct. 13 was approved on the second of three readings Tuesday. The ordinance is timed to take effect after the Oct. 13 meeting of the Tennessee Historical Commission to hear the city administration’s request for a waiver that would allow the city to remove the monuments.

In planning and development items, the council approved Golden India restaurant’s planned move from Overton Square to what is now a house at 20 N. Cooper St., just north of Madison Avenue. The house is to be demolished and a restaurant built with residential above it. The council also approved a CarMax used car lot at Cotton Plant Road and Nonconnah Parkway.

– Bill Dries

Reward Offered In Bass Pro Firearms Theft

Federal authorities are seeking help from the public about the theft of firearms from a Bass Pro Shops store in Memphis.

The Bureau of Alcohol, Tobacco, Firearms and Explosives said Tuesday, Sept. 19, that several firearms were reported stolen from Bass Pro Shops at The Pyramid on Sept. 9.

The bureau is offering a reward of up to $1,000 for information leading to an arrest and conviction. The amount will be matched by the National Shooting Sports Foundation for a total of up to $2,000.

The bureau and the foundation offer rewards in cases involving thefts from federally licensed firearms retailers.

Anyone with information about the case is asked to call the bureau or the Memphis Police Department.

– The Associated Press

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 92 158 13,600
MORTGAGES 89 165 15,731
FORECLOSURE NOTICES 10 21 2,160
BUILDING PERMITS 250 250 28,008
BANKRUPTCIES 54 121 8,771
BUSINESS LICENSES 33 54 4,619
UTILITY CONNECTIONS 28 60 5,453
MARRIAGE LICENSES 20 48 2,942

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