December 20-26, 2013, Vol. 6, Issue 52 Grizz getting departure time kicked around for larry cox With injuries – and Outgoing Airport now losses – piling up, »Authority president the Memphis Grizzlies and CEO Larry Cox are discovering that oversaw his final board life without stars Marc meeting, which also Gasol and Mike Conley included news that is as fun as a Tony Allen Southwest will add kick to the face. • P. 1 4 another flight.• P. 6 Shelby • Fayette • Tipton • Madison Building Capacities Road projects roll forward throughout metro area P. 1 6

Drivers can prepare for plenty of congestion at Interstate 40 and 240 as construction begins.

(Memphis News/Andrew J. Breig)

builders elect New york pies first woman now downtown Kim Grant Brown Saleh Ahmed banks on takes reins of West good locale for newly Tenn. Home Builders opened New York Pizza Association. • P. 7 on Main Street. • P. 1 3

digest: page 2 | Inked/recap: page 8 | newsmakers: page 21 | law talk: page 24 | editorial: page 30

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New Bundt Cake Bakery The Memphis News | almanac Gillette has made in the top ranks of Arrives in Memphis ServiceMaster since becoming CEO of the A new bakery called Nothing Bundt provider of residential and commercial December 20-26 Cakes – specializing in “modern Bundt services in June. This week in Memphis history: cakes” – is holding grand opening festivi- ties for its new location at 5679 Poplar AutoZone Board Authorizes Ave. the week of Jan. 13. Memphis got on inch of snow Christmas night into the day after Christ- 2012: The eatery features Bundt cakes that Additional Share Buybacks mas as north eastern Arkansas got a blizzard with 10 to 14 inches reported range from single-serving “Bundtinis” to The board of directors of AutoZone there. Source: National Weather Service Memphis larger cakes that serve up to 26 people. Inc. has authorized the repurchase of an There’s a ribbon-cutting ceremony additional $750 million worth of the com- 1982: The Orpheum closed for a $5 million renovation, its first extensive with the Germantown Chamber of Com- pany’s common stock, part of AutoZone’s renovation since the Memphis Development Foundation bought the theater merce Jan. 15. On Jan. 17, 20 percent ongoing share buyback program. from the Malco movie theater chain. of sales will benefit the Memphis Child Since that program began in 1998 Advocacy Center, and guests that day also and including the new authorization, 1981: Memphis singer songwriter Keith Sykes headlined at the Orpheum. can enjoy cakes paired with wine. AutoZone’s board has authorized the car On Jan. 18, the first 50 guests who parts retailer to buy back $14.2 billion 1923: The steel framework of the top story of the Columbia Mutual Tower on make a purchase will win free “Bundtlets” worth of the company’s stock. North Main Street at Court was under construction. At 22 stories, the tower for a year – one per month. AutoZone Chief Financial Officer Bill was the tallest building in the city at that point. Nothing Bundt Cakes was founded in Giles said the company’s strong financial 1997 and is based in Las Vegas. performance is what is allowing the com- Also, the dawn of professional wrestling in Memphis. Local promoter Christo- pany to buy back stock while maintaining pher “Doc” Hottum who organized such events as swimming races across the ServiceMaster Names New its investment-grade credit ratings. Mississippi River, diving exhibitions from the Frisco Bridge, dance marathons VP of Human Resources and boxing matches began promoting Thursday night wrestling matches at Alexander, Corker Vote the Lyric Theater. Hottum’s day job was as a saloon and restaurant owner. The ServiceMaster CEO Robert Gillette has named Susan Hunsberger as the Mem- Against Budget Deal Daily News on its front page reported: “Hottum says he intends to bring the phis-based company’s new senior vice U.S. Sens. Lamar Alexander and Bob best men in the game to Memphis and that he will give the fans clean matches. president of human resources. Corker of Tennessee voted against the Hottum will referee all the bouts and will call all the various holds so the audi- Hunsberger comes to ServiceMaster Ryan-Murray budget agreement that ence will become acquainted with the various grips favored by the grapplers.” from being head of human resources for passed the Senate Wednesday, Dec. 18, the global business solutions group of and was on its way to President Barack The Chisca hotel opened on South Main Street, marketing itself to 1913: Nielsen, the Connecticut-based informa- Obama’s desk for his signature. “railroad travelers and mule dealers.” Source: LRK tion and data company best known for its Alexander said he voted against the television ratings. measure because it “avoids the federal Hunsberger is the latest appointment government’s most urgent need, reduc-

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ing the growth of runaway entitlement “I thank Governor Haslam for this For the contest, participants will be predicted in September. Growth for 2013 spending.” great privilege,” Kirby said. “It is a high entered to win a 24-month lease on a 2014 will likely be about 2 percent. “Instead, it spends savings that should honor and an awesome responsibility to Mercedes-Benz C250 Sport Sedan, which Fed policymakers have said they’ll be used to strengthen Medicare, pensions serve on the Tennessee Supreme Court. I will be given away in December 2014. The keep the short-term rate they control near and the air transportation system,” he will do my utmost every day to earn the first round of entries for the year-long zero at least until unemployment falls added in a written statement. confidence the Governor has placed in campaign is under way now, with entries below 6.5 percent. Corker had similar concerns that me and to serve the citizens of our great being accepted via Facebook and Twitter motivated his vote against the agreement. state.” until Jan. 31. New Hotel Planned But he also said Republican actions in Kirby has served on the Tennessee Participants should tweet @MB- the House that led to the government Board of Judicial Conduct since 2012. She Collierville or post to the dealership’s For Downtown shutdown earlier this year led to the com- served on the Tennessee Court of the Judi- Facebook page at facebook.com/mbcol- Memphis could be getting a new hotel promise. ciary from 1998 to 2012 and has served on lierville with thoughts on what they’re at a prime Downtown location. “It’s disappointing the misguided the Tennessee Judicial Conference since thankful for this holiday season. There Turkey Creek Hospitality has signed a strategy of the House this fall weakened 1995. She also served on the Council of will be other opportunities to enter the licensing agreement with Hilton World- our hand on fiscal issues and that House State Governments interbranch commit- giveaway through 2014, and the winner wide to develop a 140-room Hilton appropriators indicated they were unwill- tee in 2013, the Tennessee Appellate Court will be chosen in December 2014. Garden Inn at 235 Union Ave., the site ing to live within the budget discipline Nomination Commission from 1989 to of a former structured parking facility at laid out in the sequester,” Corker said in a 1994, and as a court-appointed special Fed Foresees Slightly Lower the corner of Union and Fourth Street. written statement. advocate from 1992 to 1994. Knoxville-based Turkey Creek Hospitality Corker and Alexander have proposed Unemployment in 2014 would own and operate the new hotel. a “fiscal sustainability act” that features Thomas Appointed The Federal Reserve expects unem- According to Shelby County property $1 trillion in Medicare, Medicaid and So- ployment to fall a bit further over the next records, Nitinkumar Patel purchased the cial Security entitlement savings and cuts. Lakeland City Manager two years than it thought in September property in September for $1.4 million. Shelby County Commissioner Chris and expects inflation to remain below the The Shelby County Assessor of Property’s Bubble Bistro Expands Thomas is the new city manager for Fed’s target level. 2013 appraisal of the site is $747,200. Lakeland. The Fed predicts the unemployment A new hotel would be welcome news Into Louisiana Thomas was the choice of new Lake- rate will dip as low as 6.3 percent next to the local convention industry, which The Bubble Bistro has opened a new land Mayor Wyatt Bunker, and his choice year and 5.8 percent in 2015. Both are has struggled with an outdated Memphis store in Baton Rouge, La. was confirmed Tuesday, Dec. 17, by the one-tenth of a percentage point lower Cook Convention Center and a shortage The Memphis-based business sells town’s board of commissioners with a than it forecast in September. Unem- of hotels concentrated in the Downtown all-natural skincare and bath and beauty unanimous vote. ployment has fallen faster this year than Core. products. Thomas will serve the remaining nine policymakers had predicted. It’s now 7 However, two planned Downtown Founded in 2009 by Andrea Johnson, months left on his term of office on the percent. hotels announced in recent years – both Bubble Bistro features products that are county commission but will not seek re- The Fed estimates that economic Hilton brands – were never built. Hilton prepared from scratch daily using ingredi- election in 2014. growth will be between 2.8 percent and announced agreements to build a 118- ents shipped from across the globe. Bunker’s resignation from the com- 3.2 percent next year, roughly what it room Hilton Garden Inn at Second Street Bubble Bistro offers face and body mission following his November election soaps, perfume oils and sprays, bath salts, to the mayor’s office is effective Jan. 3. body scrubs and exfoliating products, The commission’s last meeting of the body and hair moisturizers, mineral- year – and Bunker’s last as a commis- based makeup and candles. sioner – was Monday, Dec. 16. Johnson’s first Bubble Bistro was Thomas’ decision not to seek re-elec- The more we invest in launched in the Virgin Islands in 2009. In tion means the 13-member county com- 2010, Johnson relocated to her hometown mission that takes office Sept. 1, 2014, will children from birth to 3 of Memphis and opened a 1,700-square- have at least seven new members. foot store at 425 N. Watkins St. in the Six other commissioners are term- Crosstown community. Johnson also op- limited. the better crop of erates an online store, bubblebistro.com. St. Jude Launches 2014 teenagers we’ll get. Haslam Appoints Kirby Dream Home Campaign To Tenn. Supreme Court St. Jude Children’s Research Hospital Tennessee Gov. Bill Haslam has ap- has launched its 2014 Dream Home Give- pointed Holly M. Kirby of Memphis to the away contest. Tennessee Supreme Court. Kirby will suc- St. Jude officials on Wednesday, Dec. ceed Janice M. Holder, who announced 18, broke ground on the new home inside her retirement from the bench on June 28, the Canterbury Manor development in Go to TUCI.org for a copy of the Parents Guide to Kindergarten Readiness. upon expiration of her term. Eads. Renaissance Development Co. is Kirby, a lifelong Tennessean, has the developer of Canterbury Manor and served as a member of the Tennessee Southern Serenity Homes is building the Court of Appeals, Western Section, since home, which will be given away June 22. 1995. She was the first woman to serve The St. Jude Dream Home Giveaway is on that court and has authored more a 23-year tradition that has become one than 1,000 opinions on appeals from trial of the research hospital’s largest single- courts across the state. event fundraisers. Nationally, more than “We are fortunate to have someone 300 homes have been given away and the with Judge Kirby’s depth of experience to program has raised more than $240 mil- Your Choice for serve on the Tennessee Supreme Court,” lion for St. Jude. Haslam said. “Her impressive record of This is the 15th anniversary of the Same Day Deliveries! service will benefit Tennesseans in this program launch in Memphis. Around $1.2 position, and I am pleased to announce million was raised in last year’s Memphis Dedicated, On-Demand, Scheduled her appointment.” campaign. Kirby’s opinions have covered a range of civil law, including business and com- Collierville Mercedes-Benz mercial litigation, employment law, tort law and family law. Prior to her appoint- Dealership Hosts Giveaway ment to the Tennessee Court of Appeals Mercedes-Benz of Collierville has by Gov. Don Sundquist, Kirby was a part- announced a giveaway to celebrate the ner at the Memphis law firm Burch, Porter grand opening of the dealership, which is Phone: 901 432-8104 www.dynamex.com & Johnson. scheduled for March. 4 December 20-26, 2013 www.thememphisnews.com

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and Linden Avenue, and a 300-room tance includes a $1.3 million subcontract mercial banking relationship manager; However, productivity growth has Hilton at Fourth and Linden, but neither with Dement Construction Co. LLC. In Allston Moore; senior vice president and been mostly flat over the past year. That’s project materialized. addition to the state grant, funding for the private client team leader; and Shelly because the gains from the past six project includes $407,160 in state gas tax Clark, private client relationship manager. months have been offset by declines in Aitken Officially Hired funds. previous six months. Commissioners sent back to com- Wright Medical Division Worker productivity is improving To Lead Collierville Schools mittee a proposal from Memphis City along with economic growth. Hiring has There were only a few contract details Council member Lee Harris that targets Sale Gets Green Light accelerated since the summer and wages remaining last week between former “tax dead” properties for tax breaks and The Hong Kong Stock Exchange has are gradually rising. The economy grew a Shelby County Schools superintendent redevelopment incentives. Commissioner given Shanghai-based MicroPort Scien- 3.6 percent annual rate in the third quar- John Aitken and the job of superintendent Mike Ritz proposed several amendments tific Corp. the green light to move ahead ter, much faster than the 2.8 percent rate of the Collierville Schools system. after he said the original provisions might with its $290 million acquisition of Wright previously estimated. Those were worked out Monday, Dec. have been open to some abuse by devel- Medical Group Inc.’s knee and hip divi- But productivity gains have slowed in 16, and Aitken was hired by the Collier- opers or might have encouraged property sion. the past three years after jumping in the ville Schools board, becoming the first owners to not pay property taxes. MicroPort has scheduled a Jan. 3 aftermath of the recession. leader of one of the six suburban school If approved by the commission and shareholder meeting to vote on the trans- systems. the council, the proposal’s next stop action. Wright now expects the transac- Zipcar Adds Service Aitken will be paid $185,000 a year in would be the Tennessee Attorney Gen- tion to close around Jan. 9. base pay, with the possibility of an annual eral’s office for a legal opinion. If the opin- Wright Medical won approval earlier To Memphis Airport bonus of $15,000. ion upholds the legality of the program, this year to relocate its corporate head- Zipcar, the car share division of Avis The Bartlett Schools board met Mon- it would then go back to the council and quarters from Arlington to Memphis. Rent a Car, has expanded to Memphis day evening to begin interviewing finalists commission for approval in its final form. The company, which has around 1,500 International Airport. for the Bartlett superintendent position. With no debate, the commission employees, will maintain and expand its The two cars at the airport join a fleet The three finalists being considered rejected a joint resolution from the City manufacturing facilities in Arlington. that also includes four in Downtown by the Bartlett board are: David Stephens, Council that called for the formation of a Wright announced in October it had Memphis and one at Rhodes College. deputy superintendent of Shelby County joint city-county committee to study an reached a $75 million agreement to buy The recent expansion comes after a Schools; David Hill, director of academic expansion of the Memphis Cook Conven- the French company Biotech Interna- trial period at two Downtown locations operations for Memphis Catholic Schools; tion Center. tional, a privately held manufacturer of this year to test whether there is a market and M. Wayne Honeycutt, former direc- And commissioners approved surgical implants and advanced fixation for car sharing in Memphis. Zipcar’s busi- tor of the Loudon County, Tenn., school $516,455 worth of replacement vehicles technologies that deal with fractures. ness model includes a separate focus on system. for the Shelby County Sheriff’s Depart- college campuses. The Germantown Schools board, ment from three dealers: Dobbs Ford, US Worker Output Rises The newest Zipcars are on the airport meanwhile, approved the settlement with Serra Chevrolet and Sam Swope Automo- property and are aimed specifically at air Shelby County Schools by a 3-2 vote. The tive. Of the total, $381,551 comes from the At Best Pace in 4 Years travelers with time between connecting board’s debate and vote came hours after department’s drug funds, and the remain- U.S. workers boosted their productiv- flights or a meeting between flights. the Shelby County Commission approved ing $134,904 is from the department’s ity from July through September at the The digital reservations of the cars the deal, which is the last of the settle- general fund budget. fastest pace since the end of 2009, adding include gas, insurance and 180 miles of ments between the commission, SCS to signs of stronger economic growth. travel. and leaders of the Shelby County’s six First Tennessee to Open The Labor Department said Monday suburbs. that productivity increased at a 3 percent MAA Chairman Joins Board In the agreement, Germantown Charleston Office annual rate in the third quarter. That’s up Elementary, Middle and High Schools First Tennessee Bank is preparing to from an initial estimate of 1.9 percent and Of Miss. Real Estate Trust remain in the Shelby County Schools open a new office outside Tennessee – its much stronger than the 1.8 percent rate Eric Bolton, chairman and CEO of system. The other five schools within first in Charleston, S.C. from April through June. Memphis-based MAA, has been elected Germantown’s city limits become part of The new office will provide private cli- Productivity rose because economic to the board of directors for a Mississippi- its new municipal school system. ent banking, wealth management, com- growth was much stronger than previ- based real estate investment trust focused mercial financial services and commercial ously estimated in the third quarter. on industrial properties. Commission Accepts Grant real estate finance services to the Charles- Productivity is the amount of output per Bolton will join the board of East- ton market. First Tennessee’s presence hour of work. Group Properties Inc., which focuses on To Replace Ward Bridge there joins existing Mid-Atlantic offices Labor costs fell in the third quarter, the development, acquisition and opera- Shelby County Commissioners set the in Winston-Salem, Raleigh and Charlotte, evidence that inflation will remain low. tion of industrial real estate across the stage Monday, Dec. 16, for a new Ward N.C., and in Richmond, Va. Higher productivity enables com- Sunbelt, with an emphasis on properties Road Bridge in north Shelby County. Rotcher Watkins, Charlotte-based panies to pay employees more without in Florida, Texas, Arizona, California and The commission accepted a $982,485 market executive and senior vice presi- sparking inflation. But greater productiv- North Carolina. state transportation grant for construc- dent, will lead the Charleston office. The ity can also slow hiring if it shows com- EastGroup’s portfolio, including proj- tion and engineering of the replacement team of bankers there includes Andy panies don’t need more workers to boost ects under construction, includes 33.7 of the bridge over Big Creek. The accep- Thomas, senior vice president and com- output. million square feet of industrial proper-

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ties. According to EastGroup’s website, the end of the year. account executive Jennifer Seidman. Clinton/I-75 Industrial Park in Anderson company owns one Memphis property, Factory production rose 0.6 percent in Cottam comes to RedRover from County and Rialto Industrial in Tipton a 92,000-square-foot building at 3906 Air November after a 0.5 percent gain in Oc- Medtronic. Guy is a veteran of First Ho- County. Park Drive. MAA is one of the nation’s tober, the Federal Reserve said Monday. rizon National Corp., and Seidman was largest student housing real estate invest- Production of motor vehicles and previously at GTx Inc. Simon Property Plans ment trusts. parts increased 3.4 percent, rebounding The hires come at a time RedRover has from a 1.3 percent decline in October. just finished settling into its new space at Strip Mall Business Spinoff Archer-Malmo Announces Factories also stepped up production of 22 N. Front St. after a move from South Mall operator Simon Property Group home electronics and chemical products. Main. RedRover founder and CEO Lori Inc. plans to spin off to its shareholders Hires and Promotions Industrial production, which includes Turner-Wilson said this summer that the a business that operates strip malls and Memphis-based marketing communi- manufacturing, mining and utilities, rose new space will allow the firm plenty of smaller enclosed malls so it can focus on cations agency archer-malmo has made 1.1 percent in November. It was the fourth room to grow over the next few years. bigger malls and premium outlets. several hires and promotions across its straight gain. Indianapolis-based Simon said the account service, digital, public relations Colder-than-average temperatures 4 Tennessee Sites Selected new, publicly traded real estate invest- and media teams. drove a 3.9 percent surge in utility ment trust is expected to own or have an Beverly Mattingly has been promoted production. Mining output jumped 1.7 for Company Investment interest in 54 strip malls and 44 smaller to senior vice president, group account percent to reverse a similar decline in The Tennessee Department of Eco- enclosed malls. Its portfolio will total 53 director. She’s joining the management October. nomic and Community Development has million square feet in 23 states. team and will report directly to archer- Overall production for the first time announced four new locations ready for It estimates the new company will malmo CEO Russ Williams. surpassed the pre-recession peak set in company investment. generate about $300 million in funds from In her new role, Mattingly will oversee December 2007, the month the Great Re- The Select Tennessee Certified Sites operation, or FFO. FFO is the preferred the account service team for Zoetis. cession began. Output is now 21 percent program was launched last year with the profit measure of real estate investment Meanwhile, archer-malmo also has above its recession low hit in June 2009, goal of helping Tennessee communities trusts like Simon Property. It adds back promoted several staffers. Courtnay Ham- the month the downturn ended. prepare available sites for investment and charges that measure the costs and de- acheck has been promoted to account expansion. The program sets a rigorous clining values of equipment and property supervisor from senior account executive Aluma-Form to Open standard upon which companies can rely back to net income. for the company’s retail group, TMB. Liz in making location decisions. There are Simon President and Chief Operat- Hamilton from the PR department, and Miss. Manufacturing Facility 26 greenfield sites available in 19 counties ing Officer Richard Sokolov will become Rebecca Harris and Madesyn Don from Memphis-based Aluma-Form Inc. will across the state. chairman of the new company, and account services, were promoted to ac- open a manufacturing facility in Walnut, Qualifications include having at least Simon Chairman and CEO David Simon count manager from account coordinator. Miss. 20 developable acres, proper zoning in will serve on its board of directors. Simon During the fourth quarter, archer- The planned 70,000- to 80,000-square- placeThe toNational allow for easeAuction of development Group Property shareholders and limited part- malmo also has added three professionals foot facility on a 17-acre site is expected and#680 truck-quality — Florence, road access. AL ners get stakes in the new company. in the account services, digital and media to employ around 125 people. The four new sites are American Simon currently owns or has an inter- teams. Aluma-Form, whose headquarters are WayMemphis in Lauderdale News County, — 1/4 City page of est in more than 325 retail real estate Brent Booth has joined the digital at 3625 Old Getwell Rd., is a manufacturer Milan Industrial Park in Gibson County, properties in North America and Asia. team as a senior information architect. of overhead power distribution products Ai Doan joined the agency as an assistant for the electrical industry. planner/buyer on the media team. And The company expanded its Memphis Wes Melton has been hired as an account facility in 2010. Earlier this year, it took AUCTION coordinator for account services. out a $1.8 million loan through Trustmark Inc. on that property. Foreign Holdings of Treasury Aluma-Form, which was founded in 1961 and previously manufactured all its INCOME-PRODUCING Debt Rise in October products at its Memphis location, sells its Foreigner buyers of U.S. Treasury line of products throughout the U.S. and securities increased their holdings for a Canada. The company will continue to MEDICAL MALL third month in October, despite budget build its core product line in Memphis, battles in Washington that shut down the while the Walnut facility, which is project- FLORENCE, ALABAMA government for 16 days that month. ed to open in late 2014, will manufacture The Treasury Department says total its new products. Aluma-Form expects to foreign holdings edged up 0.01 percent in invest $6.7 million in the new facility. October to $5.65 trillion after a 1 percent gain in September. Holdings had fallen Leatherwood Pulls from April through July, likely reflecting SHOALS concerns about rising interest rates. In Re-Election Petition HOSPITAL October, holdings were 1.2 percent below Shelby County Register Tom Leath- the record high of $5.72 trillion reached in erwood is the latest incumbent to pull a March. qualifying petition to run for re-election China, the largest foreign buyer of in the 2014 county elections. Treasury debt, boosted its holdings 0.8 Leatherwood pulled a petition to run percent in October to $1.3 trillion. Japan, in the May Republican primary. the second-largest buyer, trimmed its He has several potential Democratic holdings 0.3 percent to $1.17 trillion. challengers, including Coleman Thomp- An impasse over the budget led to a son, who was the Democratic nominee in 16-day partial government shutdown in 2010. Other Democratic contenders with October. petitions out in the race are Stephen R. Christian and Terrance Monger. US Factory Output Rises 0.6 Percent in November RedRover Adds Trio • Multi-Practice Facility • OnSite Pharmacy, Retail & Lab U.S. factories increased output in No- Of Employees • Constructed for MRI & X-RAY Capability • Convenient to 2 Hospitals • 33,000± Sq Ft vember for the fourth straight month, led RedRover Sales & Marketing has by a surge in auto production. The gains added three new employees to the roster. show manufacturing is strengthening and They are creative director Carl Cottam, TUESDAY, JANUARY 14 could help boost economic growth at the corporate trainer Lori Guy and marketing FREE BROCHURE: 1-800-650-8720 or (256) 547-3434 THE NATIONAL AUCTION GROUP, INC.® P.O. Box 149 • Gadsden, AL 35902 • www.NationalAuctionGroup.com Andrew J Bone #1725 For more local and national news, visit www.memphisdailynews.com AMERICA’S TROPHY PROPERTY AUCTIONEERS® 6 December 20-26, 2013 www.thememphisnews.com

contributors December 20-26, 2013, VOL. 6, NO. 52 news

Airlines

President & CEO Peter Schutt Cox Departs Board bill dries General Manager Emeritus Senior Reporter Ed Rains Government, Education, Manufacturing, Agribusiness 528-5277 | [email protected] Publisher Amid Southwest Eric Barnes

Associate Publisher & Executive Editor James Overstreet Flight Addition Managing Editor Lance Allan Wiedower Michael Waddell best days are ahead of us,” MSCAA Chair- Deputy Managing Editor [email protected] man Jack Sammons said to Cox. Eric Smith Despite Delta Air Lines ramping down andy meek its local presence this year, 2013 brought Senior Reporter Associate Editor ongtime Memphis-Shelby County new service –or the announcement of Kate Simone Banking/Financial Services/Accountants, Markets & Economy, Airport Author- new service – to Chicago, Denver, Hous- Economic Development, Small Business ity President ton, Tampa, Orlando and Baltimore. 528-5279 | [email protected] L Graphic Designer & Photo Editor and CEO Larry Cox For next year, the board is setting its Brad Johnson celebrated his final sights on bringing in new service to and board meeting before from Seattle, San Francisco, Los Angeles, Graphic Designer retirement with the San Diego, Phoenix, Dallas, Boston, New Yvette Touchet announcement that York and Philadelphia, as well as Florida Southwest Airlines is and the Gulf Coast. Senior Production Assistant adding a flight next “The U.S. airline industry is making Sandy Youngblood Cox summer. money,” reported Barney Parrella, execu- Southwest is adding a second daily tive vice president of InterVISTAS Con- Production Assistant sulting. “It’s a very cyclical industry, and Laurie Beck nonstop flight between Memphis and AMOS MAKI Baltimore-Washington International with the consolidation, the pricing power REPORTER Airport in its summer schedule, which be- airlines now have, and the reduction of Public Notice Director DON FANCHER Commercial and Residential Real Estate, Architects/ gins in June. In November, Southwest also capacity throughout the system, we have Engineers/Construction began nonstop service between Memphis a situation now where airlines are making 521-2464 | [email protected] Senior Account Executive and Chicago Midway, Orlando, Houston unprecedented profits.” JANICE JENKINS Hobby and Tampa. Parrella explained that low-cost and Airport Authority board members ultra low-cost carriers like Allegiant Account Executive and airport staff bid a fond farewell to Airlines and Spirit Airlines are making the LUCY BLACKMON Cox at the Thursday, Dec. 19, meeting, highest profit margins, averaging above 15 celebrating his 41 years of service and his percent. Business Development Manager contributions to the growth of Memphis Interestingly, average fares at Mem- Patricia mckinney International Airport and the surrounding phis International are dropping while the Mid-South region. national average is on the rise. Marketing Manager “I’ve had the privilege to work with “The low-cost carriers will be grow- Leah Sansing DON WADE every employee that the Airport Authority ing in the next six months. Demand for SPORTS COLUMNIST has ever had and every board member,” flying is increasing nationwide by about 2 Controller/Human Resources said Cox, who estimated the economic percent, and there is definitely more busi- [email protected] PAM MALLETT impact of the airport since 1970 at $400 ness travel,” said Parrella, who believes billion to $500 billion. “It’s been great, but airlines will see opportunity in Memphis’ Administrative Specialist it’s time to go.” de-stimulated travel market on a price MARSHA PAYNE Cox recalled the first bond issue and a service basis. handled by the board after it formed in The number of nonstop destination Circulation Coordinator 1970 – a $2.9 million general purpose flights at Memphis International held KAYE KERR bond issued for FedEx. steady from October to November, with 42 “I think every day, ‘What would Mem- total daily nonstop destination flights to Pressman CEDRIC WALSH phis look like without FedEx?’” said Cox, 33 cities. The overall passenger load factor who gave Fred Smith his first tour of the totaled 66 percent, with US Airways lead- airport. ing the way at 82 percent and Southwest Pressman Andrew J. Breig PETE MITCHELL PHOTOGRAPHER Cox also explained that he achieved a Airlines and United Airlines at 76 percent.

Weekly features, spot news lifelong personal dream of learning to fly Total enplanements dropped 32 Published by: [email protected] while working at the airport. percent for the fiscal year-to-date, from THE DAILY NEWS PUBLISHING CO. “My dad took me flying when I was 6.3 million by November 2012 to 4.3 193 Jefferson Avenue Memphis, TN 38103 5 years old, and I said right then that million by November 2013. Compared P.O. Box 3663 To reach our editorial department, e-mail: I wanted to be a pilot,” said Cox, who to November 2012, total enplanements Memphis, TN 38173-0663 [email protected] or call: 901-523-1561 Tel: 901.523.1561 entered the U.S. Air Force only to find out dropped 33 percent, falling from 457,928 Fax: 901.526.5813 that he was too tall at 6-7 to fly the planes. enplanements last November to 306,660 www.memphisdailynews.com “That is how I became an air transporta- in November 2013. The Daily News is a general interest newspaper covering business, law, The Daily News is supportive, including in some case tion officer, and that is what led me here. I Total cargo handled for the month of government, and real estate and being on the boards of, the following organizations: think my life was meant to be here.” November increased 1 percent year-over- development throughout the Memphis Literacy Mid-South, Grace St. Luke's Episcopal metropolitan area. School, Wolf River Conservancy, Ronald McDonald Cox’s countless accomplishments year, with roughly 771 million pounds The Daily News, the successor of the Daily House, Great Outdoors University, Tennessee Wildlife while at the airport include helping to handled compared to 764 million pounds Record, The Daily Court Reporter, and The Federation, Temple Israel, St. Jude's, St George's transform it into the largest cargo airport handled in November 2012. For the 2013 Daily Court News, was founded in 1886. Independent Schools, Shelby Residential & Vocational Svcs, Shelby Farms Park, Calvary & The Arts, Bridges, in the world. fiscal year-to-date, cargo handled is up 3 Boys & Girls Club of Greater Memphis, Binghampton AUDIT PENDING Development Corporation, U of M Journalism Dept., “In spite of the negatives that are float- percent, with 8.1 billion pounds handled Chickasaw Council Boy Scouts, Memphis Leadership ing over us, you’ve positioned us, because through November 2012 versus more than Foundation, Junior Achievement, Overton Park Conservancy, The Cotton Museum and WKNO. of the way our debt’s been structured and 8.3 billion pounds handled so far this the talent you’ve collected, so that our year. www.thememphisnews.com December 20-26, 2013 7

news

Real Estate & Development Earnings FedEx Income Up But Misses Estimates

Bill Dries [email protected]

emphis-based FedEx Corp. posted net income of $500 million, or $1.57 M per share, in its second quarter, which ended Nov. 30. While that was a 14 percent increase from $438 million a year ago, it fell short of analysts’ expectations of $1.64 a share. FedEx founder, president and chief execu- tive officer Fred Smith said on an earnings call Kim Grant Brown, in the Grant & Co. Design Center, is the first female president of the Wednesday, Dec. 18, that the numbers reflected West Tennessee Home Builders Association. She owns Kim Grant Homes. (Memphis News/Andrew J. Breig) “improved performance at FedEx Express, as the profit improvement plan introduced more than a year ago continues to gain momentum.” FedEx founder, president and chief execu- tive officer Fred Smith said the numbers reflect- ed “improved performance at FedEx Express, as Pioneering Woman the profit improvement plan introduced more than a year ago continues to gain momentum.” Grant Brown first female to head homebuilders association Express is the oldest and largest division of FedEx and at the center of an overhaul with a goal by the company of generating $1.7 billion in annual profitability over 3.5 years. The goal Amos Maki General Assembly in Nashville. running dry. was set in October 2012. [email protected] “We’re going to work on establish- Ready-to-build lots play a key role Express revenues of $6.84 billion for the ing that network throughout this year,” in the cost of a new home. The exist- quarter were down from $6.86 billion a year she said. “We’re going to be calling on ing developed lots can cost a builder ago. Its operating income of $326 million was t was 2004 and Kim Grant Brown a much more diverse group of legisla- $15,000 to $25,000. However, Grant a 42 percent increase from $230 million in the had just finished her junior year tors. We’ll be able to pool our resources Brown said builders could be forced to second quarter of 2012. FedEx also benefited I at the University of Tennessee- together on the political side.” spend $45,000 to $50,000 to develop by comparison with the 2012 because the 2012 Knoxville. Grant Brown is serving as the voice new lots. numbers reflected the impact of Hurricane During the break from her studies, of an industry that is finally beginning “It’s one of the biggest problems we Sandy on FedEx operations on the East Coast. Grant Brown, then 20 years old, ac- to recover from the bursting of the have on our horizon,” she said. “A lot of Company executives also reported a quired a loan and built her first house housing bubble and the worst reces- the top lots are going away quickly. It’s compressed holiday shipping season this year in Arlington. sion in decades. going to be a real sticker shock when with the past three Mondays setting records for “I wasn’t nervous, but you could While there is still room for im- we’re out of lots. It’s going to be hard average daily volume – 22 million packages this definitely say I was eager to learn,” provement in the local market, Brown to absorb that $30,000 jump when it past Monday. During the hour-long call, Smith she said. “Being a young woman in a said this year’s numbers have been en- happens.” also took aim at what he called “mythology” in predominately male business, I was couraging to members, who yearn for While Brown is the youngest presi- the press about e-commerce and, in particular, eager to absorb as much information a stronger recovery but are in no hurry dent of the homebuilders association, the idea of drones delivering packages. about the industry as quickly as I pos- to return to the numbers the industry that doesn’t mean the third-generation “The whole issue about e-commerce at the sibly could.” experienced during the growth of the builder lacks experience in the indus- end of the day is that it’s very expensive to de- Now, Grant Brown is serving as the bubble. try. Brown was raised in the profession. liver things to residences. Not every residence president of the West Tennessee Home Year to date, builders have filed 805 Her grandfather, Carl Grant, started gets a package every day,” Smith said. “And it’s Builders Association while continuing permits, which is down 7 percent from building homes in the 1940s. Her quite unlikely that every residence will start a family tradition that dates back to the 866 for the same 11-month period in father, Richard Grant, followed in his getting an item every day.” 1940s. 2012, according to real estate informa- dad’s footsteps and her brothers, Keith This holiday season, what some FedEx “I feel like I’ve been living in tion company Chandler Reports, www. and David Grant, kept the tradition executives call “cyber week,” coincides with meetings,” said Grant Brown, the first chandlerreports.com. alive with Grant Homes. FedEx’s busiest shipping week of the year, female to serve as president of the In 2005, builders pulled 4,875 new Carl and Richard Grant each served which will also be the case in the 2014 holiday association. “We’ve got some big plans home permits. Those numbers began as presidents of the association, with shipping season. for this year and I’m looking forward to falling off the proverbial cliff over the Carl starting the Home Builders As- Normally the week of peak e-commerce getting rolling.” next few years, with builders pulling sociation of Tennessee. shipments is in November, not December. Grant Brown takes control of the only 3,335 permits in 2006, 1,805 per- “She has grown up in the industry “This year, we had to do some unprece- homebuilding industry organization, mits in 2007 and 752 permits in 2008. and she certainly understands the dented things to prepare,” FedEx Ground presi- formerly the Memphis Area Home “I don’t see us ever returning to residential construction industry and dent Henry Maier said, referring to network Builders Association, as it expands to 2005,” Grant Brown said. “It was too that’s great,” said Don Glays, executive expansion costs that were not just for the peak cover 21 counties in West Tennessee much, too fast, too quick. I think we’re director of the West Tennessee Home but also serves to build base capacity FedEx and as the profession seeks to recover steadily climbing out of this and there Builders Association. “Where Kim ben- sees coming from e-commerce year round. from one of the worst slumps in his- is a lot of optimism with builders.” efits us as an organization is she has But Mike Glenn, FedEx executive vice presi- tory. Grant Brown will also be focusing first-hand knowledge of how associa- dent of market development and corporate Grant Brown, owner of Kim Grant on the shrinking number of prime lots tions work, which is very different from communications, said it is important to keep Homes LLC, plans on spending much available for development and the businesses. She’s known the associa- the growth in perspective. of her time recruiting members to the rising cost to develop new lots. During tion her whole life.” “It will be 2017 before online sales represent new organization, which could help the recession builders were able to ac- a total of 10 percent of all revenue,” he said. grow the group’s membership rolls and quire prime lots for a fraction of their Chandler Reports is a division of The “We are still at the tip of the iceberg on e-com- the association’s influence with the original cost, but that supply is quickly Daily News Publishing Co. Inc. merce and its potential.” 8 December 20-26, 2013 www.thememphisnews.com

Shopping Center Group Moving to New Office

The Shopping Center Group LLC is stores. ing at 5124 Poplar Ave., which sits to a Friday, Dec. 13, filing with the moving to a new office. Gary Shanks of the Shopping Center on just under an acre of land, sold Shelby County Register of Deeds. The Memphis office of the Atlanta- Group LLC brokered the transactions. this week to Fifty One Twenty Wells Fargo acquired the property based retail real estate brokerage firm, Four Poplar LLC for $2.8 million. in 2010 for $700,000, according which leases a total of approximately 4 In leasing news, The Shops of Country- The 14,519-square-foot building to the Shelby County Register of million square feet of retail space and rep- bridge in Lakeland is now fully leased. built in 1987 is on the north Deeds. resents 100 retailers, is moving from 773 E. The Shops of Countrybridge, owned side of Poplar, just in front The 24,168-square-foot Brookhaven Circle to 5101 Wheelis Drive, by Highway 64 Center LLC and located on of Brookhaven Pub & Grill medical office building sits Suite 106, at Clark Centre. U.S. 64 near Interstate 40, was 75 percent and adjacent to Carrabba’s on a half-acre site and was The five-broker team led by Danny leased at the start of the year, but a string restaurant. Amos Maki appraised at $700,000 for Buring expects to be in its Clark Centre of lease signings have brought occupancy Poplar Commercial Part- Inked tax purposes, according to office next week. up to 100 percent. ners GP acquired the property the Shelby County Assessor Lakeland Chiropractic expanded its for $3.07 million in 2006. The building’s of Property. The local Red Cross chapter The Polo Shops retail center on Win- 1,300-square-foot lease to 2,600 square tenants include Fleming Associates Ar- currently operates at a 1.1-acre site at 1400 chester Road in Southeast Memphis has feet. Emerald Thai restaurant moved from chitects, Planners and Interior Designers Central Ave. seen recent leasing activity. its location on Mount Moriah Road to a and A & I Travel Service. The property is Citizens Bank recently inked a five- 1,300-square-foot space at The Shops at appraised at $2.1 million, according to the In other news, Ruby Tuesday has sold year lease to occupy 1,410 square feet at Countrybridge. In addition, Fayette Pools Shelby County Assessor. a site in Bartlett. Ruby Tuesday sold the 7444 Winchester Road. Red Wing Shoes and The Testosterone Clinic each leased 1.2-acre site at 8348 U.S. 64. Brian Califf has signed a lease for 1,900 square feet at 1,300 square feet there. The Mid-South Chapter of the Ameri- with NAI Saig Co. represented the seller 7464 Winchester, relocating from its home Roger McLemore of Makowsky Ringel can Red Cross has acquired a Madison Av- Ruby Tuesday Inc. in the sale. See below of more than two decades at 5806 Win- Greenberg LLC represented the landlord. enue property in the Medical Center area. for more details. chester. The Red Cross bought the property at The Polo Shops center is located at A prime piece of Poplar Avenue real 1399 Madison from Orix Capital Markets Send commercial lease announcements Winchester and Tenn. 385, across Win- estate changed hands this week. LLC, which was working on behalf of to Amos Maki, who can be reached at 521- chester from the Sam’s Club and Wal-Mart The one-story, brick and glass build- Wells Fargo Bank, for $500,000, according 2464 or [email protected].

REAL ESTATE RECAP assessor. Home. Globus bought the land in Ruby Tuesday bought the first par- 2009 for $1 million from TomBo cel in a 2005 special warranty deed Properties Inc. from Aquawash Inc. for $1.1 million Ruby Tuesday Sells and the second in a 2005 warranty 8119 Memphis-Arlington Rd deed from Stage Road Partners for Bartlett, TN 38133 $40,000. and Bartlett Lots for $1.1M No financing was associated with 2723 Summer Oaks Dr the transaction, but a quitclaim Bartlett, TN 38133 Eric Smith deed transferring the properties to Sale Amounts: [email protected] 64 Kate Hyde Partners was filed. $13.5 million; $4.4 million

7955 Market Plaza Dr Sale Dates: Nov. 27, 2013; Nov. 27, Cordova, TN 38016 2013 Loan Amount: $8.7 million Buyers: OHI Asset (TN) Bartlett LLC; OHI Asset (TN) Memphis LLC Loan Date: Dec. 11, 2013 Sellers: Memphis RE LLC; Ark Maturity Date: July 1, 2016 Holding Co. Inc. Borrower: Globus Partnership Details: Affiliates of Hunt Valley, Kate Hyde Partners Lender: The Bank of Nashville, a Md.-based real estate investment division of Synovus Bank trust Omega Healthcare Investors

r Details: Globus Partnership, the Inc. have bought two Memphis

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a developer building a Hilton Garden properties for a total of $17.9 million.

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f l Inn at 7955 Market Plaza Drive in OHI Asset (TN) Bartlett LLC paid

Wo Cordova, has filed an $8.7 million $13.5 million for the Rainbow construction loan for the project. Health & Rehab of Memphis nursing U.S. Highway 64 The Bartlett-based company, also home facility at 8119 Memphis- known as Globus Partners, filed the Arlington Road in Bartlett. The lim- construction/term deed of trust, ited liability company bought the assignment of rents and security 45,078-square-foot nursing home 8348 U.S. 64, Bartlett, TN 38133 agreement Dec. 11 through the Nov. 27 from Memphis RE LLC. Bank of Nashville, a division of Built in 2009, the nursing home sits 8348 U.S. 64 Synovus Bank. V.T. Gala signed the on 6 acres at the southeast corner of Bartlett, TN 38133 trust deed as managing member of Memphis-Arlington and German- Sale Amount: $1.1 million Globus Partnership. town roads. The assessor ’s 2013 In August, the company filed a $5 appraisal is $4.4 million. Sale Date: Dec. 5, 2013 million building permit with the And another Omega Healthcare Buyer: 64 Kate Hyde Partners city-county Office of Construction Investors affiliate, OHI Asset (TN) Seller: Ruby Tuesday Inc. Code Enforcement to bring the Memphis LLC, paid $4.4 million for Details: Ruby Tuesday Inc. has sold two vacant lots at 8348 U.S. 64, also known as five-story, 124-room hotel to the the office building at 2723 Summer Stage Road, in Bartlett for $1.1 million. property, which is on the south side Oaks Drive in Bartlett. The lim- An entity called 64 Kate Hyde Partners bought the properties in a Dec. 5 limited of Market Plaza Drive, just west of ited liability company bought the warranty deed from Maryville, Tenn.-based Ruby Tuesday, which operates local North Germantown Parkway in 28,358-square-foot facility Nov. 27 restaurants on Sycamore View and Winchester roads. the Gallery of Memphis Planned from Ark Holding Co. Inc. The two parcels are at the northeast corner of U.S. 64 and Kate Hyde Road. The Development. The 2.8-acre parcel is Built in 2009, the office building sits first is 1.3 acres and has a 2013 appraised value of $563,900, according to the Shelby behind the Countrywood Crossing on 2 acres at the corner of Summer County Assessor of Property. shopping center, along the road that Oaks Drive and U.S. 70. The asses- The second is 1.4 acres and has a 2013 appraised value of $1,000, according to the runs between Kohl’s and Kirkland’s sor’s 2013 appraisal is $2.7 million. www.thememphisnews.com December 20-26, 2013 9 Money&Markets Extra U.S. auto sales are up 8 percent so far changed their business model, so that than they expected. So that bodes well What about electric car maker Tesla? this year, and are expected to climb to a they’re not chasing market share just for for further progress. You recently upgraded your opinion Insider six-year high of more than 15.5 million. the volume but focusing on profitability. from “sell” to “hold.” Should investors The outlook Q&A But if that pace slows as expected next So I think that they can leverage that GM announced that Mary Barra, the be worried about the government’s year, will auto stocks still be good buys? higher volume into higher profit margins. current head of global product devel- safety investigation? Efraim Levy, an analyst with Standard That’s throughout the business, both the opment, will become CEO. Ford also Three fires happened as a result of for auto stocks and Poor’s Capital IQ, thinks so. The automakers and suppliers. could be facing a leadership change. accidents. They weren’t spontaneous factors that have been driving up sales Should investors be worried? fires that happened as a result of the Title: — favorable interest rates, good lease Will Europe start improving in 2014? Not necessarily, particularly at Ford, battery. Things worked as planned and, Sr. Equity Analyst deals, new technology and enticing new Europe is important to the American for two reasons. One is, I’m betting even so, they’re making a fix to elevate with Standard and Poor’s Capital IQ products — will all continue next year, he industry. Many of the top-tier companies against Alan Mulally leaving Ford to go the bottom of the car. Still, it’s not a says. Levy expects U.S. sales to rise 3.3 do a lot of business in Europe. For some to Microsoft. And the other reason is, cheap stock. It’s a growth stock with a His outlook: percent to 16.1 million in 2014. companies it’s actually bigger than in I’m comfortable with Ford’s potential unique business model that differentiates Auto stocks should the U.S. I do expect that there should be succession plans, and the culture that it from the other automakers. I don’t think perform well in 2014. Should investors be concerned about a flattish to modest increase in Europe for he’s instilled should largely remain it should be valued like them. But I think slowdown in auto sales next year? 2014, that we bottomed out. So firstly, intact. There’s greater risk of changes the risk-reward balance has gotten closer I am assuming that things do slow not getting worse is a good thing. And at General Motors, but I am comfortable for the stock, so I wouldn’t sell it, either. down, but there’s still some steady then the evidence is that, at least in the with the management transition as it has Efraim Levy gains in volume. I think the automakers last quarter, both GM and Ford were able now been disclosed. Interviewed by Dee-Ann Durbin. An- have slimmed down enough, and have to make improvements in Europe faster swers edited for content and clarity. AP

BEHIND THE BRAND i ROBOT (IRBT) Return of the Cleaning up Long before talk of commercial NEW ROOMBA: iRobot recently 20.2% drones dominated headlines, unveiled its latest generation of 17.4 greenback iRobot's army of cleaning robotic vacuum cleaner. The machines began to invade homes. Roomba 800, priced at $699.99, 14.0 13.8 The company, based in Bedford, boasts brushless, rotating devices A strong 2013 Mass., is best known for its that lift debris and dirt up to 50 Roomba roving robotic vacuum percent better than prior models. The change in the value of cleaner, but it also makes robots 7.5 the U.S. dollar against other currencies this year used by the military in infantry and BEYOND CLEANING: iRobot has special operations missions. rolled out video collaboration Demand for iRobot's line of robotic robots for use in health care. It has -2.2 -3.3 vacuums and mops has been shipped about 60 of the units, -0.8 growing this year, which let people generating a bigger interact via robots share of total revenue in meetings Canadian euro Indian Brazilian dollar British than the company’s remotely. They n real defense and security were developed Japanese Australia rupee pound Swiss yen dollar c business, which was along with fran hurt by the partial telemedicine The dollar has made big strides against several competitiveness and invigorate Japan’s economy. federal government company InTouch other currencies this year, and even more gains The dollar has also climbed sharply against shutdown in October. Health. may be on the way. currencies from several developing economies, International travelers may have already though it has been flat to down against the euro noticed. For instance, a 10,000-yen meal in Japan and British pound. Through the nine costs $96 now, down from $115 at the start of the Analysts at Bank of America Merrill Lynch Thursday’s close: $34.05 year. But exchange rates also matter for investors. expect the dollar to continue to rise in 2014, a months ended Sept. A weaker yen helps Japanese exporters by making result of continued gains in the U.S. economy. The Price-earnings ratio*: 55 28, iRobot's their products cheaper for customers buying in unemployment rate fell last month to its lowest Price change YTD: 82% revenue dollars. And, in turn, it’s a disadvantage for their level in five years. Credit Suisse is calling 2014 S&P 500 YTD: 27% increased nearly 10 percent to U.S. competitors. “the year of the dollar,” and expects its value to Revenue 2012: $436.2 mil. The dollar recently hit its highest level against reach 120 yen over the next 12 months, up from $352 million. Revenue 2013 (est.): $486.6 mil. the yen since 2008, a product of bold programs 104 yen today. It also expects the dollar to be pushed by Prime Minister Shinzo Abe to boost worth 0.81 euros, up from 0.73 euros today. iRobot has sold more than 10 million robots since it began shipping the Source: FactSet Stan Choe; Jenni Sohn • AP Roomba in 2002.

Source: FactSet Data through Dec. 19 *Trailing 12 month results Alex Veiga • AP

LocalStocks 52-WK RANGE CLOSE YTD% 1YR% 52-WK RANGE CLOSE YTD% 1YR% COMPANY TICKER LO HI CLOSE THUR. %CHG WK MO QTR CHG RTN P/E DIV COMPANY TICKER LO HI THUR. CHG %CHG WK MO QTR CHG RTN P/E DIV AT&T Inc T 32.76 3 39.00 34.45 +.07 +0.2 s t s +2.2 +5.4 25 1.84f Merck & Co MRK 40.02 9 50.42 48.79 -.11 -0.2 s s s +19.2 +14.4 29 1.76f 0 s s s AutoZone Inc AZO 341.98 484.16 470.84 +.28 +0.1 +32.8 +30.7 16 ... Mid Amer Apartments MAA 59.40 1 74.94 59.70 -.96 -1.6 t t t -7.8 -0.7 18 2.92f BancorpSouth BXS 13.69 0 24.89 24.58 -.30 -1.2 s s s +69.1 +70.4 28 0.20 Monsanto Co MON 89.45 0 114.56 113.81 +.03 ... s s s +20.7 +25.2 25 1.72 Boyd Gaming BYD 5.95 6 14.75 11.01 -.05 -0.5 t s t +65.8 +64.6 dd ... Mueller Inds MLI 47.42 0 61.77 60.45 -.47 -0.8 s t s +20.8 +25.7 16 0.50 Community Hlth Sys CYH 29.73 4 51.29 37.13 -.92 -2.4 t t t +20.8 +20.9 19 0.25e 0 t s s Corrections Corp CXW 28.70 4 39.90 32.29 -.59 -1.8 t t t +8.7 +16.2 21 1.92 Navistar Intl NAV 19.61 41.57 39.46 -.61 -1.5 +81.3 +75.4 dd ... Cummins Inc CMI 103.41 0 139.17 137.20 +1.17 +0.9 s s s +26.6 +27.2 18 2.50 Nike Inc B NKE 48.40 0 80.26 78.26 -.29 -0.4 s s s +51.7 +60.6 27 0.96f 9 t t s Delta Air Lines DAL 11.16 29.44 27.51 +.40 +1.5 +131.8 +136.2 10 0.24 Pinnacle Entert PNK 12.95 0 25.86 25.06 +.37 +1.5 s s r +58.3 +81.0 dd ... Dillards Inc DDS 75.33 9 94.86 92.44 +.05 +0.1 s s s +10.3 +10.5 12 0.24 Regions Fncl RF 6.72 8 10.52 9.59 -.01 -0.1 s t s +34.5 +37.6 12 0.12 Dover Corp DOV 63.79 0 93.89 93.17 +1.26 +1.4 s s s +41.8 +42.9 17 1.50 Renasant Corp RNST 18.08 9 31.45 29.54 -.35 -1.2 s s s +54.3 +61.3 24 0.68 DuPont DD 44.10 0 62.69 62.71 +.52 +0.8 s s s +39.4 +42.5 12 1.80 0 s s s Education Realty Tr EDR 8.30 2 11.77 8.65 -.17 -1.9 t t t -18.7 -11.4 cc 0.44 Smith & Nephew PLC SNN 52.52 70.44 70.07 +.36 +0.5 +26.5 +28.5 88 1.33e FedEx Corp FDX 90.05 0 140.97 139.69 -.03 ... s s s +52.3 +51.9 27 0.60 Smucker, JM SJM 84.57 6 114.72 101.95 +.09 +0.1 s t t +18.2 +19.1 19 2.32 7 s s s Fst Horizon Natl FHN 9.38 12.75 11.41 +.02 +0.2 +15.1 +14.6 cc 0.20 Suntrust Bks STI 26.93 0 36.99 36.11 +.30 +0.8 s s s +27.4 +27.1 14 0.40 Freds Inc FRED 12.30 0 17.71 17.21 -.11 -0.6 s s s +29.3 +29.6 1 0.24 Synovus Fincl SNV 2.38 0 3.54 3.45 -.01 -0.3 s s s +40.8 +41.7 dd 0.04 GTx Inc GTXI 1.31 1 7.24 1.56 +.04 +2.6 s t t -62.9 -66.7 dd ... Sysco Corp SYY 30.55 5 43.40 36.26 -.01 ... t s s +15.6 +16.0 22 1.16f Ingram Micro IM 16.40 9 24.28 23.03 +.13 +0.6 t t t +36.1 +34.9 12 ... 8 s t s Intl Paper IP 37.80 9 50.33 48.85 -.64 -1.3 s s s +22.6 +30.3 18 1.40f Trustmark TRMK 21.89 28.88 26.81 -.33 -1.2 +19.4 +22.2 15 0.92 Isle Capri Casino ISLE 5.27 9 8.79 8.14 +.01 +0.1 s s s +45.4 +41.9 dd ... Tyson Foods TSN 19.08 0 34.38 33.84 -.06 -0.2 s s s +74.4 +72.4 16 0.30f 5 s t s Kellogg Co K 55.02 67.98 60.60 +.07 +0.1 +8.5 +10.1 23 1.84 UPS class B UPS 72.58 0 103.04 103.18 +.20 +0.2 s s s +39.9 +40.5 67 2.48 Kirklands Inc KIRK 9.57 9 26.15 24.11 -.20 -0.8 t s s +127.7 +139.3 25 ... Utd Technologies UTX 79.50 0 112.46 109.50 -.31 -0.3 s t s +33.5 +36.2 16 2.36f Kroger Co KR 25.20 8 43.85 39.67 -.41 -1.0 t t t +52.5 +52.1 13 0.66f Valero Energy VLO 32.89 9 48.97 46.66 -1.44 -3.0 s s s +36.8 +56.5 17 0.90 LifePoint Hosp LPNT 36.76 8 53.87 50.34 -.62 -1.2 t t s +33.4 +32.7 19 ... 1 s t t Macy’s Inc M 36.30 9 54.07 52.23 +.09 +0.2 s s s +33.9 +35.7 15 1.00 Verso Paper Corp VRS 0.52 1.68 .61 -.02 -3.2 -43.0 -40.6 dd ... Medtronic Inc MDT 40.28 0 58.85 57.17 -.59 -1.0 s s s +39.4 +36.9 15 1.12 Wright Medical Grp WMGI 20.13 9 30.65 29.35 -.10 -0.3 s t s +39.8 +42.5 dd ...

Dividend Footnotes: a - Extra dividends were paid, but are not included. b - Annual rate plus stock. c - Liquidating dividend. e - Amount declared or paid in last 12 months. f - Current annual rate, which was increased by most recent dividend announcement. i - Sum of dividends paid after stock split, no regular rate. j - Sum of dividends paid this year. Most recent dividend was omitted or deferred. k - Declared or paid this year, a cumulative issue with dividends in arrears. m - Current annual rate, which was decreased by most recent dividend announcement. p - Initial dividend, annual rate not known, yield not shown. r - Declared or paid in preceding 12 months plus stock dividend. t - Paid in stock, approximate cash value on ex-distribution date. PE Footnotes: q - Stock is a closed-end fund - no P/E ratio shown. cc - P/E exceeds 99. dd - Loss in last 12 months. 10 December 20-26, 2013 www.thememphisnews.com

Lucchesi A Education True Memphis Classroom Coding Legend STEM education efforts in Tennessee gather momentum Winston Churchill once said, “We make a living by what we get, we make a life by what we Andy Meek give.” Angelo Lucchesi did both. [email protected] Angelo died last week, just a few weeks shy of his 93rd birthday. He left a legacy that speaks to the unique living he made in the busi- ness world, and his life of giving. Angelo is famous for the living he made as the first Mary C. McDonald Guest Column salesman for Jack Daniel’s, his lifetime career with the distillery and his close friendship with Frank Sinatra. At age 90, and still traveling worldwide rep- resenting Jack Daniel’s, Angelo was honored by the company with a 90 proof special edition of Jack Daniel’s named in his honor. He was truly a Lynchburg Legend. His other legacy is the life he lived, the example he gave and his generos- ity to anyone in need that makes him truly a Memphis Legend. Angelo was a man of faith and integrity. People always referred to him as famous. But Angelo Lucchesi did not know how to be famous. He only knows how to be Angelo. I warned him that if he did not stop car- M. Jeff Brittain of Merck conducts a brainstorming session of alternative uses for Microsoft’s ing so much about other people, he would be Kinect gaming peripheral as part of Computer Science Education Week. (Memphis News/Andrew J. Breig) forced to sit at an award dinner and hear other people talk about him. And it happened often movement is afoot to en- dation. as he was recognized for the difference he sure the classroom of the “The way the state network works made in the lives of others by his generous giv- future adds new science and is there are STEM hubs and schools ing, his wise counsel, his commitment to reach- A technology-based pillars – like writ- that were funded through this grant ing out to others and his courage in overcoming ing code – to traditional standbys like process all across the state, so there’s obstacles that would sideline a lesser person. reading, writing and arithmetic. a network of hubs and schools You can’t fake that; that’s real. That’s why That movement manifests itself throughout Tennessee,” Ivey said. Angelo continues to inspire us in Memphis. We in things like Hour of Code, a nation- “And we’re the only one in West Ten- know, and continue to experience, the posi- al movement that in recent days gave nessee.” tive impact of his life on countless number of students in thousands of sessions The West Tennessee hub is focus- people and organizations he has impacted and around the country – including in ing on teacher preparation so it can Area students watch a demo from inspired. Memphis – hands-on introductions make a bigger impact instead of Kriangsiri “Top” Malasri of the Angelo shared his amazing journey of the focusing, for example, on students to computer programming. University of Memphis computer sci- past 92 years with Memphis. It was a journey of Hour of Code, which was at a particular school or even in a ence department. (Memphis News/Andrew J. Breig) family and friends, of faith and work, dedica- promoted by big names like Presi- particular school district. tion and service. He entertained by sharing his dent Barack Obama and Facebook “So, we have a STEM master memories of people, and a Hollywood lifestyle founder Mark Zuckerberg, coincided “The purpose of the open house teacher program that we piloted last most people have only read about. He mo- with the end of Computer Science event was to get local middle- and summer, and we’ll be going into our tivated by sharing his stories of overcoming Education Week, with the Memphis high-school students and teachers second running of that this sum- struggles and challenges in his own life. event happening Dec. 13 at the U of excited about computer science,” said mer where we’re actually going to be When he lost his arm in a childhood ac- M. Beyond that event, momentum is Kriangsiri “Top” Malasri, an instructor expanding across West Tennessee to cident, instead of using that tragedy as an building locally and across Tennessee and advising coordinator in the com- make sure we get teachers from as excuse to do less, he accepted it as the new toward giving students more of a foun- puter science department. many districts as we can involved,” Angelo and went on to accomplish even more. dation in the realities and opportunity Dr. Stephanie Ivey, an associ- Ivey said. “What we’re trying to do is He showed that resilience is a mixed blessing associated with computer coding. ate professor in the civil engineering within West Tennessee transform the that comes with adversity, and modeled the The recent Hour of Code held as department at the university, said way STEM education takes place and courage and hope that strengthens the human part of an open house at the Univer- the West Tennessee STEM Hub is make sure we have all the partners in- spirit when things don’t look so good. It’s a sity of Memphis computer science a collaborative with the mission of volved – not only in curriculum devel- resilience that doesn’t break your back, but department is one of the higher-profile putting more resources in classrooms opment but in informing the student bends your knee. examples of such efforts. It was part of so that the interest students show in and teacher preparation process. He touched hearts with the love he show- a daylong open house that included something like Hour of Code is able to “West Tennessee is so diverse, ered on his family and friends. He made video game design and Lego robot- be sustained. The group serves a few and we have a lot of very different Memphis a better place by his selflessness, his ics workshops, as well as interactive dozen school districts in 20 counties needs in the various districts. So you care, his concern for the poor, the infirmed or demonstrations of current research and was funded through the Tennes- may have a rural community that’s undereducated. He was truly an angel, visible, projects by the university’s computer see Department of Education and the under-resourced from the standpoint larger than life, with a heart big enough to love science students and faculty. Battelle Memorial Institute to promote of – they just can’t provide a physics everyone, and who never knew a stranger. He The day introduced basic pro- and expand the teaching of science, teacher at every high school, because makes us all want to be Angelo when we grow gramming to attendees given by the technology, engineering and math they just don’t have that available. up! university’s student chapter of the (STEM) in K-12 public schools. That’s why the hub also is develop- Association for Computing Machinery. Recognition of the importance of ing some STEM-integrated and STEM Contact Dr. Mary C. McDonald, a National The Tennessee Code Academy, Launch such work continues to build. Earlier content online modules that can be Education Consultant, at 574-2956, or visit Tennessee and the Tennessee STEM this fall, the Shelby County Schools used in classrooms. Because the goal mcd-partners.com. Innovation Network encouraged and Virtual STEM Academy at East High of the hub is really to be a catalyst for organized events like the one in Mem- School was awarded a $1.3 million collaboration and transformation of phis throughout the state. grant from the National Science Foun- STEM education.” www.thememphisnews.com December 20-26, 2013 11

Small Business Real estate & development Batch Memphis Launches Crosstown Construction Subscription Gift Service Bidding Underway

Amos Maki Andy Meek a designer and photographer, and [email protected] [email protected] Stephen Moseley, and they began to talk about setting up a dedicat- he three Nashville friends ed service to do the same thing. Construction documents for the ambitious who started Batch Nash- “Looking at the financial Sears Crosstown redevelopment project have T ville, which delivers a success and popularity of other hit the street. surprise batch of local goods each subscription box models, the Memphis-based Grinder, Taber & Grinder month to subscribers’ doorsteps, group put it all together to launch Inc. is serving as the general contractor for the are bringing the service to Mem- Batch in Nashville back in August,” $180 million project, and bids for subcontract- phis. Davidson said. ing work on everything from electrical systems Nashville entrepreneur Sam Batch is Davidson’s fourth to plumbing went out this week. Davidson said the group behind company. His first, Cool People “The bidding process for subcontractors Batch Nashville had been looking (Courtesy of Batch) Care, was co-founded with Mose- has started,” said Crosstown project co-leader to bring the model to another city ley and sells T-shirts that raise Todd Richardson. “The docs are in folks’ hands in the state and looked for one “that had a growing sense of money and awareness for a variety of nonprofit causes. Wil- and the process has stated.” local pride, as well as a national brand.” liams oversees Batch’s branding and designs, and Moseley is The search for subcontractors, which Memphis, in their eyes, fit the bill and is where they’re Batch’s chief operating officer. should take two to three months, is another soon launching Batch Memphis, with the first gift boxes As an example of the kinds of products Memphis sub- milestone in the long-running effort to revital- shipping here the week of Jan. 20. scribers might expect to get, Batch Nashville in December ize the mammoth Crosstown building. “After researching local products and potential alliances offered the “Rise and Shine Gift Batch,” which included “We were reflecting on it yesterday during a with corporate entities, Batch is excited to begin shipping in a blend of whole bean coffee from Garage Coffee Co., a team meeting, and we describe these moments Memphis in January,” Davidson said. Nashville business that sells coffee, baked goods and sand- as the end of one chapter and the beginning The way the service works: subscribers get a box with wiches. of another,” said Richardson. “We still have so four products local to Memphis shipped to them each The batch also included some Sunday Morning Pan- much work to do.” month. The fee is $90 for three months or $40 for a single cake Mix from My Friend Who Loves to Cook, which sells Grinder, Taber & Grinder has erected a month, and while each month’s contents will be a surprise, that pancake mix at several shops in Nashville, and the fence around the property and will soon begin they’ll be grouped around a common theme. batch was rounded out by a sampling of local honey from placing trailers and other equipment there. Batch Nashville describes itself as seeking “fine ingre- TruBee, a venture from beekeepers specializing in raw, Construction on the project will begin in the dients, fine confections, fine purveyors and fine goods” for unfiltered honey, as well as a double serving of Cinnamon spring, Richardson said. Work on the project batches in its gift boxes. Memphis subscribers can sign up Girl oatmeal from Haulin’ Oats, a gourmet organic oatmeal has picked up steam since the city committed now at BatchMemphis.com for the first January delivery. company in Nashville. $15 million toward the redevelopment effort January’s theme will be “Good Morning, Memphis,” fol- Other gift batches in Nashville have included the “Bath earlier this month, the final piece of a compli- lowed by “Sugar & Spice” in February and “Something to + Body Gift Batch,” with products like locally made hand cated funding puzzle. The city’s funding will Savor” in March. lotion and soap, as well as beeswax lip balm and beeswax be used for infrastructure improvements, such “Last year, (I) wanted to send a gift box of locally made – rub from TruBee. as sewer repairs and improving sidewalks and in Nashville – items to friends in Colorado but had difficulty Batch Memphis founders say each batch will include roads. The Crosstown team is seeking to rede- finding a curated box,” Davidson said. details about the box’s contents so subscribers will know velop the giant 1.5 million-square-foot Sears He ended up driving around Nashville and put his own who made the goods and where to find out more. And the building, constructed in 1927, through arts, box together. A few months later, he shared details of the ex- batches will include products that retail for as much as or education and health care. The plans also in- perience with his friend and Memphis native Rob Williams, more than the cost of a Batch Memphis subscription. clude around 260 apartments and some retail.

Fundraising Reflections for 2013: Part One of Two

Part one of a two-part series place. Pull out fundraising reports and sought and compare that Or did you feel overwhelmed, The year-end can be a perfect time to look at the year-end numbers. Identify with the results. What could worried and isolated? Go reflect on your 2013 fundraising activi- areas where revenue increased. Perhaps have been done differ- back to those feeling plac- ties and to anticipate 2014. If you are a your nonprofit saw an increase in annual ently? Where did you es and take a few notes. nonprofit CEO, board member, staff or giving. Maybe more donors increased feel disappointment, fa- Pull out your 2013 fundrais- volunteer we have three questions to their giving from the prior year. Did the tigue, anger or failure? ing plan. What were the focus your reflections. number of grants increase? What brought these financial goals and time- MEL & Pearl shaw 1) What have you done well? Reflect Finally, reflect on new programs, feelings on? Dig deep. FUNdraising Good Times frames? What resources on your nonprofit’s fundraising successes. events or technology. Was a program to Were you disappointed were allocated to achieve Approach this from a feeling level – which engage younger donors launched? A new in yourself? In volunteers, the goals? Did staff, board members, the activities brought joy or excitement to database implemented? Remember to board members, the CEO or staff? Write CEO and volunteers fulfill their commit- you and your team? When did you feel list activities that brought in revenue for down your thoughts. Look again at the ments? Did you? What went “according to you worked well together? Were there 2013, as well as those that plant seeds for fundraising reports. Which activities or plan?” Where did challenges arise? As you unexpected moments of joy – perhaps the future. For example, while a planned strategies did not yield the anticipated think back over the year, were the goals when receiving an unanticipated gift, or giving program may not yield revenue for revenue? Take notes. realistic? Take notes. upon viewing a room full of donors and years to come, implementing the program 3) Were your 2013 goals realistic? Re- Next week: Use your reflections as you supporters at your annual event? Was a is a current-year success. flect on your goals and outcomes. As 2013 plan for 2014. new staff person hired? Did she inspire 2) Which activities or strategies didn’t began, did you feel your fundraising goals good feelings as she implemented long- meet expectations? Reflect on those were achievable? Did you feel expansive, delayed projects? Feel the good feelings things that didn’t go as well as planned. empowered and energized, ready to talk Mel and Pearl Shaw are the authors of and record a few notes. Don’t sweep them under the rug. Take with donors and funders and share the or- “The Fundraisers Guide to Soliciting Gifts” Now approach this from a fact-based time to remember the outcome you had ganization’s vision and fundraising goals? now available at Amazon.com. 12 December 20-26, 2013 www.thememphisnews.com

City Council Government Keeps Water Rate Hike Bunker Exits With Dig

Bill Dries At Election Commission [email protected]

Memphis City Council members Bill Dries The resolution has no direct ef- again rejected Tuesday, Dec. 17, an in- [email protected] fect on Holden’s tenure. Two previous crease in the city’s monthly solid waste attempts by the Democratic minority fee and affirmed a 2.1 percent hike in on the election commission to remove the Memphis Light, Gas and Water Divi- helby County Commissioner Wyatt Holden have been defeated in 2-3 party- sion water rate hike. Bunker’s last meeting as a com- line votes. The reconsiderations of two items S missioner Monday, Dec. 16, saw Bunker said he also talked with two the council acted on in November Democrats supporting his resolution of of the three Republican election com- topped the last council meeting of 2013. “no confidence” in Shelby County Elec- missioners, who, he said, also expressed In other action, the council ap- tions Administrator Richard Holden. concern about the resolution damaging proved dropping the maximum per- And Bunker, a Republican, said some the local party. Bunker centage of city property tax abatements local GOP leaders tried to talk him out “I’m not damaging the party by that can be granted in a payment-in- of the resolution because they thought it bringing this,” he said. “I’ll tell you who is lieu-of-taxes incentive for economic de- would hurt party unity. look divided going into the 2014 county damaging the party – the election com- velopment. The percentage is currently It was an unusual end for a commis- elections. mission by failing to hold accountable up to 90 percent. The resolution drops sioner known for his conservative views A five-member, majority Republican the person responsible.” that to 75 percent, which matches the and a distinct lack of crossover votes election commission hired Holden, who “How many potential problems could maximum permitted tax abatement for from Democratic commissioners when is a former Republican Shelby County you have?” Bunker added. “It’s not the county property taxes. he expressed those views. Election Commissioner. same problems over and over. … Do we The council voted down a special Bunker’s resignation after seven years “I don’t serve a party. I affiliate with give a chance for every single problem? use permit for a convenience store-gas and five months on the commission is a party – the Republican Party, because Or do we try to get someone in there who station at 4076 Jackson Ave. at South effective Jan. 2, following his election their views most closely align with mine is competent? … We have roughly a mil- Brighton Road. The Land Use Control earlier this year as mayor of Lakeland. at this time,” Bunker said. “I don’t care if lion people in this county, and the one Board had recommended rejection of The no-confidence resolution passed they’ve got a ‘R’ beside their name, a ‘D’ guy that we feel like can run this show, the permit because the business would 9-0 toward the end of Monday’s six-hour beside their name. … I don’t care who it can’t run it.” not have been at a major intersection, long commission session. is. I just call it what it is when I see it.” The county commission set its Jan. 13 as required by planning guidelines. The Bunker cited several critical audits Commissioner Steve Basar, a Repub- meeting as the date it will fill the vacancy business also drew opposition from the of election problems in Shelby County lican, said he initially had some concerns created by Bunker’s resignation. surrounding neighborhood. in 2012, as well as a Chancery Court about party unity. The county commission is taking ap- The council approved on third and decision ordering a new school board “My first reaction … was what pur- plications for the position representing final reading an ordinance that drops election that is pending appeal. pose does it serve,” he said. District 4, which covers portions of all six the monthly fee for Downtown and Initially, Bunker said he intended to But Basar said the election reform suburban towns and cities and the bulk Medical Center businesses with Dump- say very little about the resolution and citizens panel he headed made recom- of the county’s unincorporated territory sters in public right-of-ways from $500 would let it be his final act on the com- mendations for reforms a year ago that outside Memphis. to $200. Also approved was $53,179 mission, whether or not it passed. the election commission hasn’t acknowl- Commissioners are scheduled to in- from the Mayor’s Innovation Delivery But over the weekend, he said an edged. terview the applicants during Jan. 8 com- Team in funding donated by Interna- unnamed local Republican Party leader “I think we need to act here,” Basar mittee sessions. The appointee will serve tional Paper for computer labs at four contacted him and urged him not to pur- said. “Sometimes you’ve got to make the the remaining nine months in Bunker’s Memphis community centers. sue it because it would make the party unpopular decisions.” term of office.

The Economy in 2013: Naughty and Nice

Thanks to the Federal Reserve’s household net worth hit a record of $77 receive over 50 percent of available consumer spending. dedication to increasing your net worth, trillion in the third quarter. By this mea- income. Since the great reces- 2013 will go down as one of the most sure, the Fed’s easy money policies have sion, 95 percent of income gains Temper the Taper prosperous years on file. Stock prices definitely hit their target. Money printing have accrued to the top 1 percent The recent market pullback have increased more than 20 percent and has inflated asset prices without inflat- while income gains for the remain- assumes the Fed will react to U.S. home prices have increased nearly 15 ing prices for goods and services. With der 99 percent have been flat. headline economic data and percent. These gains hit national head- the unemployment rate falling, wealth The narrow partici- reduce its simulative bond lines, but the gains for back-page asset rising and de-leveraging trends slow- pation in wealth and in- David S. Waddell purchases. A deeper look at the worldly classes are equally impressive. ing, is it time for the Fed to taper bond come gains does explain investor the data reveals that the av- In November, Christie’s set a record purchases? the relative disconnect erage American continues with $692 million in sales on a Tuesday between the surge in asset prices and the to struggle economically, hindering con- night, including a record $142.4 million for The Have and Have Not U.S. Consumer somewhat lackluster consumer spending sumer spending and restraining inflation- “Three Studies of Lucian Freud.” Also, in U.S. household net worth has more story. While holiday retail sales have been ary pressures on goods and services. For November a case of 1978 Romanee-Conti than reclaimed the damage from the surprisingly brisk, the consumer spend- this reason, the Fed should maintain its Burgundy sold for a record $474,000. U.S. great recession. Unfortunately, with ing contribution to third quarter GDP was present bond-buying program. If it does, car auctions this year will top a record $1 the bulk of the gains accruing to more the lowest in four years. Perversely, the we should receive a Santa Claus rally to billion. The 60-carat “Pink Star” diamond affluent asset owners, not all Americans 3.6 percent growth in third quarter GDP close out a record 2013. sold for a record $83 million. Bob Dylan’s participated equally. Only half of U.S. came from a buildup of business inven- 1964 Fender Stratocaster sold for a households own stocks. In fact, the top 10 tories, a function of lackluster consumer David Waddell, who is regularly fea- record $965,000. A used pair of Michael percent of income earners own 80 per- demand. For those not participating in the tured in the Wall Street Journal, USA Today Jordan’s basketball high tops sold for a cent of market wealth. The affluent have asset inflation story, falling real incomes and Forbes, as well as on Fox Business record $104,765. I could go all day. Ac- also seen the vast majority of income must be offset by job gains and increased News and CNBC, is president and CEO of cording to the Federal Reserve, U.S. gains as the top 10 percent of earners indebtedness for a more durable rise in Memphis-based Waddell & Associates. www.thememphisnews.com December 20-26, 2013 13

SMALL-BUSINESS SPOTLIGHT Since When Is Failure Good?

Failure is the new business and in- novation buzzword. Magazine articles, Location is Key for Success consultants and even professors JOCELYN ATKINSON are encouraging & michael graber let’s grow everyone to “learn Of Downtown’s New York Pizza to fail.” Their intent is to break the hardwir- ing in our culture that trains us to strive for success and perfection because they believe Richard J. Alley this limits our appetite for taking risk. They Special to The Memphis News hold up poor Thomas Edison as a famous failure and use Winston Churchill’s quote s businesses expand and con- “Success consists of going from failure tract, corporations find homes in to failure without loss of enthusiasm” as A faraway cities and new technol- support for their mantra. The failure zealots ogy means that law offices don’t have to celebrate failure and encourage everyone to adhere to the convenience of proxim- not just fail, but fail a lot. ity the courthouse affords, so goes the We are one of the few dissenting voices Downtown workforce. in the crowd and we are blowing the whistle But one thing remains the same: to say that this has gone too far. We would those still working, living, visiting and argue that this overblown trendy topic not playing Downtown need to eat. And only has its semantics wrong but the ideol- those employees, fans and tourists ap- ogy is off the mark as well. Much like the “all preciate variety. of the kids get an award” approach, encour- The latest offering Downtown at 45 aging and supporting failure diffuses the S. Main St. offers a simple name – New competitive drive and the tenacity required York Pizza – and a simple lunch: pizza to take it all of the way to the finish line. by the slice. Of course you can get the This must not be confused with creative whole pie as well, or a calzone or pasta. Downtown’s newest restaurant, New York Pizza, and owner Saleh Ahmed thinking without restrictions. Experimenta- “Something different, so people can have found a home in the heart of Main Street. (Memphis News/Andrew J. Breig) tion and the proverbial sandbox is a safe come in every day,” said owner Saleh zone. There are no wrong answers for ideas Ahmed. in this realm until they are stress tested and He said he hopes to expand into of the display cases are still vacant, but He said he plans to make New York selected to go to market. If one idea or thesis baked goods with doughnuts and will be filled soon as a steady stream of Pizza a regular stop on his walks to generated as part of this process doesn’t pastries in the near future to catch the deliveries come in on two-wheelers. De- work. generate wild success should it be classified morning crowds on their way to work. spite the sparseness of décor, Ahmed’s Vegetarian pizza is one thing, vegan as a failure? No. The word failure insinuates Ahmed is a veteran restaurateur enthusiasm fills the space as he tosses is another. Visual artist and Downtown a finite event with an end point. Instead think who perfected his trade in New York. In his dough and welcomes the curious denizen Christopher Reyes lives a block of this as a useful iteration, a necessary part the midst of a soft opening that began who cross the threshold with a resound- from the new pizzeria and stopped in of the evolution taking place for ultimate in the middle of the month, he says he ing, “Welcome to New York City!” for the first time to inquire about vegan market success. It is merely information to is prepared for winter to be slow, “but it There are no cars allowed on this offerings. Though Ahmed didn’t have will pick up in summer.” stretch of Main, but a recent pedestrian anything on hand as yet, he promised to take back to the sandbox. Sandwiched between a jewelry store followed his nose and curiosity in to have it very soon and offered a discount Perhaps, as a culture we have become and Family Dollar, Ahmed can be seen order a slice intended to be eaten as he when Reyes returns. less tenacious and more risk averse. We are in the plate glass window fronting Main walked to work at Rizzo’s Diner on G.E. Ahmed was drawn to the loca- a culture of instant gratification, reaping tossing dough into the air, stretching it Patterson Ave. tion because of people like Kennedy the benefits of our ancestor’s innovations out and making it ready for the sauce, “I was passing by, saw the door open and Reyes, those who work and live achieved through true ingenuity and resil- cheese and toppings. All pizzas are and slices of pizza on the counter,” said Downtown, and who are excited by new ience. As a whole, we have become a nation made from scratch, an art the Egyptian- sous-chef John Fitzgerald Kennedy. offerings. of wealth preservation rather than wealth born Ahmed said he learned working When asked what his favorite type “I love the location,” he said. “It’s generation. Our nation’s success has made with Italians for years. of pizza is as he waited for a slice to a perfect location across from One us lazy and intolerant of a little adversity. The restaurant is long and narrow come from the oven, he said, “I just love Commerce Square. It’s a very high-class The dot-com era did a great disservice by at almost 1,000 square feet, and still pizza. I like pepperoni, but I’ll even eat area.” instilling the notion that overnight success is with a hint of the cell phone store that vegetarian as long as it’s got good sauce the norm. The failure cheerleaders want you previously inhabited the space. Some on it.” new york pizza continued on P26 to get off the bench, get in the game and try. We want more for you – stay at it until you win. Please don’t strive for failure. Why start with a negative outcome in mind? What we need is a failure is not an option mind-set – solve problems by sticking with it. Be open and nimble. If one approach doesn’t work it is not a failure, it is just an iteration on what will soon be a solution. The trick is to stay in constant motion- recognize what works and what doesn’t quickly and change course. In the entrepreneurial world, it is often the Midtown 2000 Union Avenue second patent that is the most valuable. The 901-272-7300 first gets the ball rolling but the second holds Downtown the break through. Thomas Edison didn’t 50 North Front Street 901-432-7300 use the term failure for his 10,000 attempts to invent the light bulb. He described them East Memphis 510 South Mendenhall Road simply as 10,000 things he tried that didn’t 901-888-2265 work. It’s not failure it is progress. cbtcnet.com 14 December 20-26, 2013 www.thememphisnews.com

sports

Grizzlies Grizzlies Now the Team Getting Kicked Around

Don Wade first time since 2010. Their overall record knee, Quincy Pondexter’s foot, Allen’s hip, missed Gasol (going 3-9 since his injury). Special to The Memphis News going into their Saturday, Dec. 21, game Mike Conley’s thigh, Zach Randolph’s toe, But it would be disingenuous to say at New York is 10-15 and they are 5-10 at Ed Davis’ ankle, Tayshaun Prince’s leg the Grizzlies’ struggles are only connected FedExForum after losing just nine games and, well, we’ve probably missed some to injuries. They were scuffling on offense t is no longer too early to determine at home last season. body part somewhere, but you get the and playing sporadically on defense the highlight of the Grizzlies 2013- So what good can come of this? idea. before Gasol’s MCL sprain. They are in the I 2014 season. Well, the shoe Allen was wearing The Grizzlies are in pain, the worst of bottom five in the league in scoring and It happened on Nov. 18 in Los Angeles when he kicked Paul is being auctioned it coming this past week with Gasol and next-to-last in 3-pointers made per game, when Tony Allen jumped and inadver- online for a good cause – nonprofitY outh Conley out at the same time. averaging fewer than five. In recent years, tently kicked Clippers guard Chris Paul in Villages – and has been autographed by “Marc is hardest to replace,” first-year they excelled at offensive rebounding and the face. Allen and is mounted in a display case. Grizzlies coach Dave Joerger said. “Mike is steals but now are merely middle-of-the Allen was ejected from the game and Proceeds generated from the sale of co-hardest to replace.” pack. suspended for another. Didn’t matter. the shoe will be matched by an anony- After the almost equally disabled Los From the start this season they were The Grizzlies beat the Clippers and swept mous donor up to $10,000. Youth Villages Angeles Lakers came to FedExForum and seeking their identity and when they their four-game West Coast road trip. is auctioning the shoe through eBay and beat the Grizzlies 96-92 on Tuesday, Dec. couldn’t really find it, one was provided They were 7-5. It stands as the high-water the auction runs through Sunday, Dec. 22. 17, coach Mike D’Antoni said: “They’re for them. Out with the Grit-n-Grind mark in a season in which any metaphor The goal: raise $15,000 to buy Christmas like us, looking for a point guard. (Jerryd) Grizzlies and in with these wounded and involving drowning men or sinking ships gifts for children at their residential cam- Bayless is a good guy, but he’s not Mike slothful bears who seem to prefer early- is right on target. puses and group homes. Conley. They miss him.” game hibernation. Joerger repeatedly Since that road trip, the Grizzlies have Meantime, let us examine the injured The hope is that Conley is able to has said the Grizzlies have “eased” into gone 3-10, and lost five in a row for the parts of the Grizz collective: Marc Gasol’s play in New York. Clearly, the Grizz have games.

No Need to Spin Tigers’ Nice Start to Season

Every special season has critical “Last night was a high-level basket- the four. Crawford hit 4 of 7 threes mileposts along the way. The Tigers’ ball game, sort of like a Sweet 16 game,” against the Gators. first came in Stillwater, Okla., where, Pastner said. • Will Pastner keep the rotation short, again, they weren’t up to the challenge He’s right. essentially playing the four guards, of a ranked opponent in Oklahoma “That game will help us,” Pastner Pellom and big men Shaq Goodwin State. Thus, the Tigers and their coach THE PRESS BOX added. and Austin Nichols? Yes and no. Just returned to harsh criticism in Memphis DON WADE Right again. about everybody with a scholarship and waited for the next opportunity. Senior forward David Pellom, who should see time Saturday, Dec. 21 at It came in the championship game the seniors they are, grown up from the scored 12 points off the bench in just 16 FedExForum against Southeast Mis- of the Old Spice Classic in Orlando, Fla., starry-eyed freshmen who were part of minutes and was important to keep- souri State. But in big games, time on a neutral court, where the Univer- a Tigers team – coach Josh Pastner’s ing Memphis in it in the first half, may will have to be earned. sity of Memphis defeated OSU and second – that lost by 13 to Kansas at exaggerate a bit when he says this game • Should there be concern about the re-opened the conversation: MSG early in the 2010-11 season. will be like “every” game in the American rebounding disparity? Florida won Hey, maybe this Tigers team will be Crawford’s take on what happened Athletic Conference. The league has its the boards 37-26. It bears watch- different after all? then: “They made a run and we never bottom-feeders. ing, certainly, but when you play a Which us brought us to the No. 15 got over it.” But the overall point is legit. There four-guard lineup you make certain Tigers’ game with No. 16 Florida on Crawford’s take on how they re- are big-boy teams like Louisville and tradeoffs. Giving up a larger share of Tuesday, Dec. 17, in the Jimmy V Classic sponded against Florida, after falling 12 Connecticut and worthy opponents, the glass is part of the deal. in Madison Square Garden. points behind in the first half: “We didn’t including Cincinnati, beyond that. The Oh, and just so there’s no confusion, As purely an exercise in only-one- let it soak in on us.” Tigers made just eight turnovers against neither Pastner nor the players were team-can-win competition, the Tigers Florida coach Billy Donovan had the Gators and knocked down 83.3 attempting to triumph a two-point loss were on the low end of a 77-75 score. But praise for the Tigers, too. percent of their free throws (15-for-18). as a moral victory. beyond that, the Tigers’ performance “They have a chance to have a Replicate those two stats and Memphis “Everyone’s got a little sour taste in validated that a special season is indeed heckuva year,” he said. will be very tough to beat in any game their mouth,” Pellom said. “No one likes possible. A special night was as close as And for Jackson: “That kid is a it plays. Now, if there are questions in to lose.” a driving layup at game’s end from Joe helluva player.” the aftermath of the Florida game – and And they can hardly wait for the next Jackson that was, as the saying goes, a Throughout Pastner’s tenure, there there have to be a few – they are these: opportunity to win. “good look,” but that didn’t quite bring have been many A.D. – After Defeat – • Can the Tigers employ the four- the desired result. press conferences in which the coach guard lineup, which also featured Don Wade’s column appears weekly Still, if you watched the last few was spinning as fast as he can. But the seniors Geron Johnson and Michael in The Daily News and The Memphis minutes of this game, you saw the day after losing to Florida on the na- Dixon, this much? Sometimes, yes. News. Listen to Wade on “Middays with Tigers display rock-steady composure. tional stage, there was no need to spin, The Tigers get an athletic mismatch Greg & Eli” every Tuesday at noon on Jackson and Chris Crawford looked like no need to play Pollyanna. with Johnson or Crawford playing Sports 56 AM and 87.7 FM. www.thememphisnews.com December 20-26, 2013 15

sports

That is exactly how bad teams play, night in and night out. This is now how the Grizzlies play, night in and night out. “It’s killing us,” Randolph said. “Every game we come out, get down, and it takes a lot of energy to get back.” More energy than a depleted, of- fensively challenged team has. When Conley limped off the court late in the game against Minnesota, he had scored 28 points. He is leading the team with 18.2 points per game and 6.3 assists. Gasol was averaging 16.0 points, 7.1 rebounds and 4.3 assists. You cannot fill those lines on the stat sheet every night by waving in Nick Calathes, Ed Davis and Jamaal Franklin or summoning a warm body from the Rio Grande Valley Vipers of the NBA Develop- ment League. After the Grizzlies absorbed a 116-100 pounding from the Oklahoma City Thun- der – again at home, on Dec. 11 – Ran- dolph said, “We just have to stay positive. It’s the NBA; there are a lot of games left.” But not as many as when he said it. As veteran Mike Miller said before the season tipped off: “The one thing people First-year Memphis Grizzlies head coach Dave Joerger has seen his team struggle so far this season, due in part to injuries gotta understand is that just because we to key contributors like Marc Gasol, Mike Conley, Tony Allen and Quincy Pondexter. (Memphis News/Andrew J. Breig) were in the Western Conference Finals last year does not guarantee anything this year. The Western Conference has gotten “We can’t afford to keep starting off so time 101-93. one-point lead late in the third quarter. way better.” bad,” Conley said after the Grizzlies spot- Against the Lakers, the Grizzlies fell But then they slid back down, falling 11 And to this point, the Grizzlies have ted Minnesota a 19-point first-half lead in behind 15 points in the first quarter. They points behind in the fourth quarter and gotten way worse. Sometimes, it’s just another home game they would lose, this scratched and clawed their way to a brief never drew closer than three points. your turn to get kicked in the face.

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New construction on the Interstate 40/240 interchange highlights a busy year for the area’s major highway projects. (Memphis News/Andrew J. Breig) Building Capacities Road projects roll forward throughout metro area

Michael Waddell [email protected]

ajor road and highway projects amount of public information available as from Millington to here and allowing traf- three different interchanges, including the like the Interstate 269 loop, the work nears so that trucking and freight fic from I-40 to get here is going to position ones at (Tenn.) 57, (U.S.) 72 and at Macon I-40/240 and the Mallory Road companies will use the 269 and bypass us for many development possibilities,” Road in our urban growth area. With the interchange near Frank Pigeon portions of the I-240 loop. said Steinbach, who has been Piperton’s advent of water and sewer to those loca- Industrial Park made substan- “Drivers traveling from Jackson, Miss., city manager since 2009. “This issue is it’s tions, we expect to capture considerable tial progress during 2013, with to Nashville will be able to circle around still largely a rural area where the road- commercial growth.” severalM phases of important transportation instead of driving through areas that are way’s been constructed in Fayette County The next segment of the loop connect- corridors wrapping up and new projects more congested,” Muller said. and even portions of Shelby County, and ing Piperton and I-55 to the south and planned for 2014 and beyond. A newly opened eight-mile stretch be- there are not urban services available like heading to Tunica could be completed by “Building capacities certainly helps tween Macon Road and Tenn. 57 in Piper- sewage infrastructure. So even though we the next year. congestion for the peak hours of moving ton in Fayette County is the final piece of have the road open and that’s a good first “The leg of 269 between Piperton and the business traffic, and another benefit is a nearly 50-mile route that travels from step, there’s still the issue of getting utilities Goodman Road/Highway 302 is sched- that with reduced congestion there is de- Millington through Arlington and south to the interchange areas where commer- uled for completion in the fall of next year, creased air pollution that goes along with through Fayette County and into Collier- cial developers would be attracted to.” and the completion of Goodman Road to it,” said Dexter Muller, Greater Memphis ville before linking back to Interstate 240 in Steinbach expects the new roadway I-55 (in Mississippi) is scheduled for the Chamber senior vice president of commu- the city of Memphis. Work on the $74 mil- to boost the area’s population of roughly end of 2016,” said Piperton Mayor Henry nity development. lion section began four years ago and was 1,800. Coats. “All of the traffic going northeast/ City and county officials expect the completed last month. Hill Bros. handled “The recession seems to be abating, southwest will probably not go through new 60-mile I-269 loop, when finished, will the construction, and Lehman Roberts and we’ve experienced an uptick in resi- Memphis and will come through Piperton alleviate traffic congestion and air quality took care of the paving work. dential development like many communi- instead.” concerns. “I think probably the biggest holdup ties around us have,” he said. Coats also expects big growth over the “The 269 needed to be in place to was navigating through the wetlands The opening to Tenn. 57 is the first next five to 10 years. provide a reliever for some of the truck around the Wolf River,” said Piperton City piece of the puzzle, and the completion “We would like to attract upscale movements through our metro area when Manager Stephen Steinbach. “Any time to I-269 south to the Mississippi line will commercial businesses, and when we I-40/240 becomes restricted significantly you have bridges associated with a project be the last piece of the loop in Tennessee. get a hotel we are looking for Hilton- or next year,” said Muller. “The section where like this you are going to lengthen your The final three-mile stretch in Tennessee Marriott-branded hotel,” said Coats, who Sam Cooper meets up will be down to one project time.” will be built by Dement Construction on a would like to pattern growth after upscale lane in each direction, so that curb capac- The new roadway passes through a budget of $42 million. communities built near expressways like ity for people using that route to get into mostly rural area that Steinbach expects to “Piperton is positioned to capture a lot Madison, Miss., or Mount Juliet, Tenn. and out of the central part of the city.” be commercially developed in the future. of growth simply based on its locational In Mississippi, the final portion of the Muller explained there will be a large “Certainly the opening up of 385/I-269 attributes,” Steinbach said. “We will have I-269 loop will take a bit longer to finish. www.thememphisnews.com December 20-26, 2013 17

“For the work on I-269 in movement for goods and prod- ing construction, and the hotel’s and Covington Pike to the north. Plans also call for the comple- Mississippi, some segments are ucts, and it will also help relieve general manager, Greg Lindner, The project will include the tion of a dead-end ramp running under constructions and others congestion through the I-40/240 does not believe it is adversely state’s first four-level interchange, from westbound I-40 to the north will be completed in the next four interchange.” affecting traffic to the hotel. including a massive 75-foot- loop and the replacement of the to five years,” said Pragati Srivas- The $109 million I-40/240 in- “We’ve not really been high flyover ramp leading from existing I-40 bridge over the Wolf tava, administrator of the Mem- terchange project is currently the impacted by the construction. the north loop of I-40 to the River. Muller also cites planning phis Urban Area Metropolitan largest TDOT construction proj- My understanding is that the eastbound lanes on I-40. State of- work during 2013 on the new Planning Organization (MPO). ect to be contracted in the state project’s been going for six to ficials expect the project will im- Harahan Bridge crossing the Mis- Last year an economic devel- of Tennessee. Dement Construc- seven years, and I think people prove traffic flow on the heavily sissippi River, Lamar Avenue and opment study was completed by tion is handling the work, which are pretty numb to it,” he said. traveled interstate system and the Holmes Road as significant. the MPO for the corridor, which will include the construction of The I-40/240 interchange roads that lead to it. Average daily “TDOT has identified ad- looked at the entire stretch and two additional flyovers that will work is expected to be completed vehicle counts in the area range ditional funding for the second its potential as an economic cor- greatly improve the increasing by summer of 2017, and the from around 97,000 vehicles to phase of the Lamar Avenue proj- ridor. traffic flow for this area. four-year project will encompass nearly 150,000 vehicles. The state ect (in a new three-year plan for “The I-269 corridor, which is Businesses like the Memphis Sycamore View Road to the east, projects the interchange will need 2016 through 2018),” Muller said. part of the I-69 NAFTA corridor Marriott East, which sits next to White Station Road to the west, to handle more than 350,000 “And it’s been a long time coming, linking Canada to Mexico, will I-40 at Poplar, are used to ongo- Walnut Grove Road to the south vehicles daily by 2035 but the Holmes Road city project help in relieving congestion on is the in the process of buying the I-240 corridor, especially for right-of-way property now.” the freight traffic,” Srivastava said. That project could start in the “It can also bring opportunity for second half of next year. the entire Mid-South region.” “Work is also underway on Interstate 69 will eventually the Airways Boulevard/I-240 run from Mexico to Canada, and interchange, which is the gateway approximately 40 percent of all into our airport,” Muller said. of the manufacturing in the U.S. “TDOT has allocated funding for takes place in the I-69 corridor. preliminary engineering on that I-269 will loop around metro- project.” politan Memphis from Millington Other significant projects this to I-55, with roughly 35 miles in year include the opening of the Tennessee and 25 miles in Mis- Mallory Road interchange, an im- sissippi. portant roadway that serves the “The opening of State Route Frank Pigeon Industrial Park and 385 creates an access point at the other development in that I-40, and it now runs from US 51 area. New area projects slated to in Millington to I-240 in Mid- get underway next year include a town,” said Nichole Lawrence, new I-40 interchange at Canada community relations officer Road, with work set to begin in for Tennessee Department of The $109 million I-40/240 interchange project is currently the largest TDOT construction the spring, as well as work at I-55 Transportation Region IV office project to be contracted in the state of Tennessee. (Memphis News/Andrew J. Breig) and Crump beginning in late in Jackson. “It will create safer 2014, according to Lawrence. 18 December 20-26, 2013 www.thememphisnews.com

Real Estate & Development Bright Spot Multifamily market emerges from recession, enjoys solid growth

5,300 units through the end of the partners such as life insurance well-received.” third quarter, according to data companies and Freddie Mac. Refinancing projects were hot from CBRE, which was involved That $70 million is split 50/50 a couple of years ago due to very in a number of the year’s biggest on acquisitions and refinancing low interest rates, but that trend multifamily transactions. deals. has cooled. “There were a number of “There was very little new “Refinancing has tapered off large transactions in the market construction in 2010 and 2011, some,” Stallworth said. “But the this year, which helped boost and it began to pick up a little fundamentals in multifamily overall sales,” Pera said. bit in 2012. This year has been have steadily improved over the In March, CBRE closed on fairly robust through areas of the past three years, and multifam- one of the largest properties in country where unemployment ily is really the property type of the market, the 972-unit Country rates have come down because choice for investors right now.” Squire Apartments in Cordova, employment drives multifam- Typically, the bank can loan for $49.2 million. The company ily,” said Stallworth, who counts 80 percent loan-to-value on also completed the sale of a two- as many as eight projects that purchases and 75 percent LTV on property portfolio in Cordova in Magna has financed recently in refinancing. March, with the 238-unit Villas the Southeastern U.S., including Curtis Braden, senior associ- Riverset on Mud Island sold for $43.6 million in May, one of a at Grays Creek and the 226-unit three projects in Memphis with ate with Marcus & Millichap’s few large multifamily sales this year. (Memphis News/Andrew J. Breig) Carrington at Houston Levee loans of more than $10 million Memphis branch, specializes in closing for $44.8 million. Down- apiece. Class C properties. town, CBRE closed on the 500- The number of new units “We are still an undervalued Michael Waddell in 2013 as healthy and continuing unit Riverset Apartments on Mud coming online this year is up, market for Class C, distressed [email protected] to improve. Island for $43.6 million in May. with 833 units to be completed properties,” Braden said. “We “We are putting more dis- “This year has been a very this year and an additional 1,130 are starting to see more stabi- tance between us and the reces- good year overall for multifamily planned for 2014, Pera said. lized properties, as opposed to he Memphis multifamily sion,” Pera said. “Interest from in- and commercial lending,” said “This is still well below his- investors buying just to make market turned in a strong vestors has continued to increase Frank Stallworth, president of the torical levels,” he said. “Most of a quick flip. Now we are seeing T performance during 2013, over the last few years, which commercial and multifamily real the new supply is concentrated more three- to five-year holds, with enhanced investor interest is consistent with what we see estate division at Magna Bank. Downtown and along the 385 which are better for the Memphis and new units under construc- throughout the Southeast. There Magna has completed $120 corridor from Hacks Cross out market.” tion. has been particular interest from million in multifamily business to Collierville. There seems to be Braden would like to see most Blake Pera, senior vice buyers seeking better yields here this year, with approximately $50 enough demand for upper-end of the worst blighted properties president of CB Richard Ellis than in other peer markets.” million in new construction loans product to allow for the quick around the city torn down and Memphis’ multifamily division, The market as a whole saw 25 and roughly $70 million coming absorption of this product. Units replaced with different types of classified the multifamily market sales totaling $184 million and through its mortgage banking delivered to date have been very development.

Health Care & Biotech UTHSC Biomedical Informatics Taps Davis

Michael Waddell previously worked as director of the Center and patient safety, really understood the amount and complexity of the data used [email protected] for Health Research advances we were making with our ability for his research has advanced exponen- Southeast with to do surveillance for vaccine safety, and tially over the past 15 years. Kaiser Permanente they adopted the same approach and have “There’s a phenomenal opportunity r. Robert L. Davis has been ap- Georgia since 2007. markedly expanded the data sets that are here because the data that the Centers for pointed as the founding director He also served as available. A major part of the FDA mandate Disease Control (CDC) and the FDA uses D of the University of Tennessee an affiliate faculty right now is to develop better and better has grown from covering 9 million people Health Science Center’s Center in Bio- member at the Rol- systems to address these questions about to spanning well more than 100 million medical Informatics and the University of lins School of Public medication safety.” people. We are getting close to being able Tennessee-Oak Ridge National Laboratory Health in Atlanta In his new position, Davis will focus on to do public health surveillance on one- Governor’s Chair in Biomedical Informat- in the Department Davis major initiatives that include developing a third of the U.S. population, using the data ics. Davis is the 14th Governor’s Chair ap- of Epidemiology premier program in biomedical informat- that is routinely collected for their health pointed in the University of Tennessee sys- since 2007 and as affiliate faculty for the ics in partnership with faculty at UTHSC care delivery to assess both expected and tem, and he will also serve as a professor in University of Washington School of Public and Oak Ridge National Laboratory; serv- unexpected impacts of medications and the UTHSC Department of Pediatrics. Health in the Department of Epidemiology ing as supervisor of the research compo- vaccines,” Davis said. “I’ve always been intrigued by the idea since 2006. nent of the Center of Biomedical Informat- Davis believes the study of “big data,” that public health can be used to improve After he began his career, Davis be- ics via development of research programs or large-scale analytics, will definitely con- health care on a much greater scale than came involved in practicing public health and research recruitments; building col- tinue to grow in the future, and he hopes to working as a general pediatrician, so I’ve by using very large data sets that were laborative relationships with clinicians and leverage the expertise at UTHSC and Oak always been oriented towards public coming into play in the early 1990s. The researchers who are interested and have Ridge to further that initiative. health,” Davis said. “There are the issues of data sets covered 3 to 4 percent of the U.S. the skill set to do research in biomedical “Many of the diseases we are studying childhood vaccinations, clean water, clean “We were able to use these data sets informatics; providing guidance and over- today are a combination of genetics, envi- air and safe food that have really made the to reassure the population that certain vac- sight of the research activities in the cen- ronmental exposures, life experiences and most demonstrable improvements in the cinations were safe and effective. We were ter; and developing educational programs prenatal exposures, and research involves health for children and the population at involved very early on with questions of for campus faculty in the area of informat- an extraordinary amount of complex data. large.” thimerosal exposure and risk for childhood ics as applied to a wide range of research These studies have a tremendous amount Davis brings more than two decades developmental delays and autism,” Davis disciplines, including clinical research, of clinical and public health importance, of public health, epidemiology and data said. “I think the (Food and Drug Admin- health services research, epidemiology and and that’s why the new center here is about management experience to UTHSC. He istration), being in charge of drug safety patient-centered outcomes research. The to be so vital,” Davis said. www.thememphisnews.com December 20-26, 2013 19

Health Care & Biotech Politics Brown Launches Baptist President, CEO Commission Reynolds to Retire Next May Campaign Bill Dries [email protected]

Michael Waddell replacement hospital and n a Midtown apartment last week, [email protected] cancer center in Jones- Jake Brown gathered his friends boro, Ark., last week. I and friends of those friends to aptist Memorial Health Care “We’ve also developed launch his campaign for a seat on the Corp. President and CEO Stephen wonderful services in Shelby County Commission in the 2014 B Reynolds will retire next May, Union City, Tenn.; Hun- county elections. with Jason Little, Baptist’s executive vice tington, Tenn.; Covington, Brown is running in the May president and chief operating officer, Tenn.; Collierville and Democratic primary for County Com- taking over as the hospital system’s next DeSoto County,” Reyn- mission District 10, the first bid for president and CEO. olds said. “We’ve also just elected office by the political new- “I’ve been fortunate to be part of a invested in a new fitness comer. Brown first surfaced on the great team ever since I walked in the center at the Kroc Center, political scene in the 2012 presidential doors in 1971,” said Reynolds, who fondly and we just launched the campaign as a strategist helping to recalls working alongside former Bap- development of a new turn out the city’s Democratic base for tist CEOs Dr. Frank Groner and Joseph Outgoing Baptist Memorial Health Care President $250 million replacement President Barack Obama’s re-election Powell. “I’ve found it to be a wonderful and CEO Stephen Reynolds, left, with incoming hospital in Oxford, Miss.” effort. opportunity to serve others. I guess I feel President and CEO Jason Little. (Courtesy of BMHCC) In the past few years, Since then, he’s worked for Rincon my biggest accomplishment was being Reynolds oversaw the & Associates, a political consulting and fortunate enough to be asked to serve on in the brace and orthotics department. He rapid growth of Baptist Medical Group, lobbying firm, with the American Fed- the leadership team here at Baptist. I’ve witnessed growth over the years in how which has increased from 40 physicians to eration of State, County and Municipal learned from some of the very best, get to care is delivered, including the introduc- more than 500. Employees on the terms of the upcom- know some of the finest physicians that tion of minor medical centers, diagnostic “This gives us an expanded opportu- ing overhaul of city sanitation services. have ever practiced medicine, and take centers and outpatient surgery centers. nity to partner with physicians to focus The two experiences played a role care of people from all walks of life.” “When I came to Baptist, I think 15 on how we can improve the quality and in prompting Brown to run for the When Reynolds joined Baptist in percent of surgery was performed on an efficiency of care,” said Reynolds, who commission as a new voice. 1971, the hospital was considered to be outpatient basis, and I think today it is also cites Baptist’s partnership with Select “I think on the County Commission the largest private hospital in the world, nearly 80 percent that are performed on Health Alliance as important in providing there is far too much of people trying operating from one main facility and a an outpatient basis,” he said. the best care available to patients. “The to match up with the talking points on small rehab center on Crump Boulevard. Other highlights for Reynolds from the most important thing is that we have not MSNBC and Fox News,” Brown said as During the late 1970s, Baptist began past 40-plus years include the opening of lost sight of the original mission of the his friend’s apartment filled with what developing into a regional hospital system Baptist Hospital-Memphis (formerly Bap- organization that was crafted in 1906, became a group of about 30 support- that today includes 14 hospitals. tist East) in 1979 and the Baptist Memo- and that mission parallels the three-fold ers. “It’s frustrating, honestly. I feel like “It’s been exciting to be a part of the rial Hospital for Women in 2001. mission of Christ – healing, preaching and there’s far too much posturing – trying distribution of health care throughout the “The women’s hospital has just an- teaching.” to sound like a good Republican or metropolitan Memphis community, as nounced plans to build a new pediatric Reynolds’ successor, Jason Little, has sound like a good Democrat. And the well as in Arkansas, Mississippi and other emergency room and expand our pediat- worked with Baptist since 2002. Before merits of the locally relevant issues parts of Tennessee,” said Reynolds, who ric services there,” said Reynolds, who is being appointed execuive vice president tend to get lost.” grew up in Little Rock and saw two of his also excited about the new rehab hospital and COO, he served as vice president and The 20- and 30-somethings at three daughters born at Baptist. “We gave that is being constructed on Germantown metro market leader, overseeing Baptist’s Brown’s campaign launch were mostly patients what they wanted – care deliv- Parkway. “It should open sometime next seven metro Memphis hospitals and NEA new to Memphis politics, and some ered closer to home.” year, as will our brand-new cancer center Baptist Memorial Hospital in Jonesboro. were recent arrivals to Memphis. Three During his career at Baptist, Reynolds on the Baptist Memphis campus.” Little serves on the boards of the Tennes- registered to vote. served as a patient advocate and worked Baptist just opened a new $400 million see Hospital Association, Brown was introduced by Kemba Ford, who has two political outings under his belt in as many years – a race for Memphis City Council in 2011 and the Democratic special election Law & the courts primary for Tennessee House District 91 this year. “We have to look at Memphis as our city now,” Ford told those at the Justice Scalia Shares Legal Insights in Memphis fundraiser. “This is our time. This is our city now.” Brown specifically called for .S. Supreme Court they’ve helped him “make up Americans. As proof, he said, dent judiciary system and the changes in the way rape allegations Justice Antonin Scalia his mind.” Scalia also said he some 90 percent of laws affect- U.S. system of a decentralized are handled through the Rape Crisis U doesn’t agree with doesn’t agree with people who ing peoples’ day-to-day lives government. Center, which is operated by Shelby people who say oral argu- say the third year of law school are state laws. “If you were to ask the av- County government. ments before the court are is unnecessary and reiter- “If you murder someone erage man on the street what “There’s something wrong with probably unnecessary or that ated his belief that judgments anywhere in the country, if you has been the greatest source the fact that a college student can get briefs matter more toward the of foreign courts shouldn’t do it right, you haven’t broken of our freedoms … you would locked up for having a gram of weed, outcome of cases. influence opinions of the U.S. federal law,” he said. probably get a response (like) but a young woman who reports a That was among the opin- Supreme Court. Scalia, a former D.C. Court freedom of speech. Freedom sexual assault has to face scrutiny you ions and insights he shared Scalia followed that gather- of Appeals judge who joined of the press,” Scalia said. would never imagine,” Brown told Monday, Dec. 13, during a ing with lunchtime remarks at the high court in September of “That is so mistaken. Do you those at the fundraiser. gathering at the University of The Peabody hotel, at the start 1986, said one of the most sur- not realize every tyrant in the He’s also critical of the approach Memphis Cecil C. Humphreys of which he was given a stand- prising things he encountered world has a bill of rights? Every both local governments have taken to School of Law. ing ovation. There, Scalia said, after arriving there was “the banana republic? … Unless economic development. When asked if oral argu- among other things, that state very bad quality of argument,” the real constitution of a coun- Brown will face Reginald Milton in ments have ever changed supreme courts – not the U.S. though he said it’s much better try prevents the centralization the still-forming Democratic primary his mind about a case, Scalia Supreme Court – hold more now. of power, all the rest is words for the district that covers Midtown didn’t go that far – only that sway over the lives of everyday He promoted an indepen- on paper.” into South Memphis. 20 December 20-26, 2013 www.thememphisnews.com

Government Tourism Plan to Renovate Southbrook Mall Elkington’s Farewell Resurfaces Beale Street developer steps down after 30 years

Bill Dries [email protected]

emphis Mayor A C Wharton Jr.’s administration is work- M ing on a broader plan for economic development in Whitehaven that will include a renovation and pos- sible public use of Southbrook Mall. That’s what city Chief Administra- tive Officer George Little told Mem- phis City Council members Tuesday, Dec. 17. The plan is scheduled to come to the council in Jan. 21 committee ses- sions. The administration is still iden- tifying funding sources for the $1.5 million renovation for a new roof on the mall as well as a heating and air conditioning overhaul. Council member Janis Fullilove pushed for the city funding earlier this year and initially the administration was at most lukewarm to it. Fullilove’s plan relied on the use of John Elkington bids farewell at Rum Boogie Cafe. After 30 years at the helm of the Beale Street entertain- ment district, Elkington is stepping down at the end of the year. (Memphis News/Andrew J. Breig) some leftover federal funding being used for streetscape improvements on Elvis Presley Boulevard between Brooks Road and Shelby Drive. But the funding couldn’t be used Bill Dries ing that the city owed Elkington “a debt of Street’s redevelopment. for the mall because of legal opinions [email protected] gratitude.” Elkington was selected by the Beale saying the mall renovations would The continuing court battles in Street Development Corp., the nonprofit constitute a private use of the funding t’s been more than three years since Chancery and federal bankruptcy court middleman between Elkington and the and could endanger all of the funding city leaders declared the next chap- with the Beale Street Development Corp. city of Memphis, which owns most of for the entire public use streetscape I ter of the Beale Street entertainment meant Elkington and his company con- the buildings in the district and all of the undertaking. district was about to begin. tinued to manage the street’s day-to-day ground on which they stand. Little said the administration is But it wasn’t until Monday, Dec. 16, operation. Elkington said the political and media exploring the idea that the mall could that Beale Street developer John Elkington That will end on New Year’s Day. environment in the city now means it be used for a Memphis Police precinct marked his coming farewell to the street at “I want to thank all of the lawyers I’ve would be difficult, if not impossible, to or a night court site. the end of this year. helped support all of these years,” Elking- repeat the path Beale Street took. “We want this mall project to be “Beale Street wasn’t created by magic ton quipped from the stage. “There’s too much going on, on the a success, not just a redoing of the or miracle,” he said from the stage at Rum Wharton announced last week that City Council. There’s too many bloggers. building,” Little said. Boogie Café to a crowd of several dozen the Downtown Memphis Commission will There’s too many anonymous bloggers,” To that end, the administration invited guests. “It was created by the run the district for the city on an interim he said. “There’s too many people that plans to hire a consultant to review persistence and the hard work and the basis effective Jan. 1, with help from city can criticize you. We had a rough start. the structure of the mall as well as a dedication and the money that all of these division directors. It wasn’t like it was an easy job. … You planner to work on the broader plan people in this room who were involved in The interim step gives the city time to couldn’t do what we did today, because for Whitehaven. it put in this project. Government did not decide how the district will be operated in you wouldn’t have had the opportunity. Southbrook Mall was built in the create Beale Street.” the future. Wharton has said city govern- They wouldn’t let you go as far.” 1970s as the companion to the city’s Elkington gathered the friends, attor- ment has no intention of directly running He gave credit to Dick Hackett, who first shopping mall, Southland Mall, neys and business associates as a 21-day Beale Street. won election to a full term as mayor two which is on the other side of East comment period on the federal bankrupt- Elkington is among those who believe days before the district opened. Shelby Drive. cy court settlement that is the final piece some kind of committee similar in struc- “He made the decision we are going to Holiday Inn founder Kemmons of his exit winds down. ture to the Downtown Memphis Commis- ride the storm,” Elkington said. “I’m not Wilson bought the 28 acres of land “It’s really smooth sailing all the way sion should be the next step for long-term sure politicians today would do that.” Southbrook is on for $41,071.42 an through,” Elkington said of the settle- leadership. Elkington took on development of the acre in 1967. At the time, it was a re- ment with the city in which the city pays Elkington has said that at this point in boarded-up buildings, some in ruins, that cord for Whitehaven real estate. off a $600,000 loan Elkington took out for the district’s development, it doesn’t need had been declared urban renewal prop- These days the mall is empty improvements to Handy Park. the kind of singular leadership style he erty in the late 1960s and early 1970s. except for a small banquet facility that The city will pay him through a combi- used over 30 years or a national manage- Overton Square’s founders were can be rented. Its storefronts give little nation of revenues it gets from the district ment firm. among those the city approached about indication that there is a mall waiting and an unused fund of federal money “You’ve got to live in the city almost to running Beale Street, and they declined. inside. from the settlement of the land ownership make it work. Or you’ve got to have people But they offered advice to Elkington, By contrast, Southland Mall has in what was to be the interstate corridor that are involved who cared as much as including that he would have to get into an occupancy rate that has remained through Overton Park that was stopped by I cared,” he said. “I knew if I failed, every the restaurant business to keep the district at 90 percent or above with local a U.S. Supreme Court ruling in the 1970s. day I’d be in the newspaper. … I couldn’t from failing. management that is vigilant about That was the last hitch in a much-de- fail. That’s why we stayed in as long as we The result was Rum Boogie Café, the mall’s appearance as well as its layed negotiated settlement that Memphis stayed.” owned by Preston Lamm, a certified pub- occupancy. Mayor A C Wharton Jr. first announced in The renovated district opened in Oc- lic accountant who worked for Elkington. Southbrook is next to a Kroger June 2010 with Elkington noticeably ab- tober 1983 with what was then Elkington- “If it hadn’t been for this club, Beale supermarket that is one of several the sent from the City Hall press conference. Keltner as the development firm. That Street would not exist,” Elkington said. Delta Division of the supermarket “Pioneers always get bloodied,” Whar- became Performa Entertainment, with “We would have had our obituary a long, chain is renovating. ton said of Elkington’s absence then, add- Elkington remaining as leader of Beale long time ago.” www.thememphisnews.com December 20-26, 2013 21

Newsmakers Entrepreneurship Van Vliet Takes on Roles Start Co. Joins Global Accelerator At UT Medical, The MED Network Kate Simone [email protected] Andy Meek [email protected]

Dr. Michael M. Van Vliet has joined the department tart Co., the Memphis-based venture de- of plastic surgery at UT Medical Group, has been named velopment group focused on grooming assistant professor at the University of Tennessee Health S startup companies and their founders, is itself about to do some starting anew. Science Center and has been appointed director of burn Start Co. is now a member of the Global critical care for the Firefighters Regional Burn Center at The Accelerator Network, which includes dozens Regional Medical Center at Memphis. of top startup accelerators from around the world and was created as part of the White House Startup America Initiative. Start Co.’s Van Vliet earned his medical degree from Albany Medical membership will benefit entrepreneurs who College in New York and completed residencies in general participate in the venture’s three local accelera- surgery and plastic surgery at Dartmouth Hitchcock tors: Upstart, which is focused on women-led Medical Center in Lebanon, N.H. He furthered his training startups; Seed Hatchery, focused on informa- tion technology startups; and Sparkgap, a new with a fellowship in burn surgery and critical care at the soon-to-launch logistics-focused accelerator. University of Southern California/Los Angeles County Global Accelerator Network executive Hospital. Van Vliet director Patrick Riley said his group has been impressed with Start Co.’s programs and management over the past year, and that Start Hometown: Franklin Lakes, N.J. and enjoying every minute with my What do you consider your great- Co.’s programs “embody the values, ethos and son. est accomplishment? My son, high quality” of the global network. The group Family: Wife, Kelly Van Vliet; son, hands down. spans six continents, 63 cities and more than 50 Charles Martin Van Vliet; dog, Chloe; Who has had the greatest influ- accelerators. daughter coming in 3 months! ence on you and why? My father; What do you most enjoy about “There is no doubt this is just the beginning he has taught me how to be a man your work? The satisfaction of of what will be a thriving startup community in Favorite quote: “Be who you are and taught me the three most im- saving lives. I often get stopped in Memphis,” Riley said. and say what you feel, because portant things in life: family, honesty the hallway by a burn survivor who Start Co. founder and CEO Eric Mathews those who mind don’t matter and and hard work. will shake my hand and say, “Dr. said benefits that Start Co. and its programs those who matter don’t mind.” – Dr. Van Vliet – the man who saved my get by being part of the global network in- Seuss What attracted you to UT Medical life.” There is no better feeling than clude enhancing Start Co.’s current practices Group? Dr. (William) Hickerson. I treating someone through a criti- and building off of the vision and expertise of Favorite movie: “The Shawshank recognized him as a fabulous men- cal illness and returning them to a the Global Accelerator Network to help local Redemption” tor and someone I could learn from normal life. entrepreneurs become the business leaders of every day. Also, I liked the diversity tomorrow. The sports team you root for: NY of the practice. If you could give one piece of ad- “There are definite benefits for us,” Yankees, always and forever vice to young people, what would Mathews said. “There’s (more than 50) accel- What are your goals in your new it be? Always maintain a balance erators they’ve accepted into their membership What’s playing on your stereo position? At this point in my career, in life. Too much of anything is not pools to kind of set a standard for excellence, right now? Mumford & Sons I hope to be exposed to as much as good. No matter where your career as far as accelerators go. Originally stepping possible and grow as a surgeon in takes you or what you accomplish, into this, there were a couple of areas we Activities you enjoy outside of every facet of plastic surgery, burn remember always your family thought were powerful. We wanted to be able work: Hanging out with my family surgery and critical care. comes first and foremost. to enhance the recruitment and marketing efforts for our programs, and this helps us get that reach. Moving beyond that, we get benefits as far as technical assistance. There are things ager for Herbi-Systems, has Joshua Baker has joined Jeremy Stafford has joined like meetups for managers of accelerators, and been named president of the Martin, Tate, Morrow & the audit staff at Reynolds, these are some of the top accelerators in the Mississippi Vegetation Man- Marston PC as an associate. Bone & Griesbeck PLC, world. There’s also access to their mentor and agement Association. Pope, Baker will focus his practice Certified Public Accountants investor network. And that’s important for a who manages the industrial in commercial and general and Advisors, and Hunter city like Memphis. When we have something vegetation management civil litigation, business law, Stock has joined the firm’s like maybe a consumer electronics high-growth crews at Herbi-Systems, will intellectual property and tax staff. potential startup that’s maybe not a perfect fit, Hood serve a one-year term as transportation liability we still want to be able to enable our entrepre- president. defense. John Stukenborg has neurs to move ahead and get the support they joined Catholic Charities of Jason P. Hood, chief legal Nathanael Smith has joined West Tennessee’s board of need.” officer at Sedgwick Claims RocketFuel as front end/ directors. Stukenborg is a Speaking of those local programs, the three Management Services Inc., user interface director. Germantown resident and local accelerators work this way: They each has also been named the Smith previously worked is employed at St. Jude Chil- provide $15,000 to startup founders along with company’s chief adminis- as a web developer, grant dren’s Research Hospital. mentorship and other benefits to help them trative officer. In the role, writer and communications turn their ideas into viable businesses. Spark- Hood serves on Sedgwick’s consultant for a nonprofit in Inferno has received 11 gap is the newest of the three and launching executive council, oversees Minnesota. Elizabeth Gaia Shelton Davey Awards in the 2013 next year, and it will focus on logistics innova- the legal compliance and and Shira Klazmer have competition, including a tions and work with logistics partners locally. corporate administrative joined RocketFuel as ac- Gold Award in the magazine A benefit of Sparkgap is that the 115-day groups, and has overall re- count executives. Gaia previ- Joe Shelton has joined ad category for Campbell sponsibilities for legal mat- ously served in management the Arlington office of Clinic’s “Campbell Clinic program will provide logistics tech founders ters, compliance, corporate positions in the advertising Crye-Leike Realtors. Shelton Best,” and 10 Silver Awards. not only with early-stage funding and mentor- administration, facilities and and financial industries, and recently became a licensed The international competi- ship from local industry figures, but they’ll get procurement management. Klazmer worked in market- Realtor and assists buyers tion honors outstanding to test their ideas in, according to Start Co., ing communications in the and sellers in and around creative work from small “the real-life laboratory of America’s logistics Jason Pope, territory man- retirement industry. Fayette County. firms. capital.” 22 December 20-26, 2013 www.thememphisnews.com

Community Varsity Keeps Parades Loaded With Talent

Erin Williams Special to The Memphis News

he Macy’s Thanksgiving port from her aunt, who will be television viewers and more than Day Parade marks more accompanying her, she fund- 600,000 spectators – it marks T than just the beginning of raised through “car washes, road Brasfield’s first time to travel, the holiday season – it also kicks blocks, suppers – anything you both internationally and on a off a wave of parades across the can imagine,” Brasfield said of plane. world, from New York to Phila- her prep work. “We would cook “I’ll probably come home delphia to Houston to Florida to and paint faces and we did have and make a scrapbook, ’cause it London. some of those businesses that is pretty big for me,” she said. Among those in the parade would say ‘Yes, I’d like to sponsor Brasfield is hoping to crews who will be kicking, flipping you,’ and just give me the money continue her career once she and sashaying down the streets just because they were proud of graduates from high school, and in the U.S. and abroad are nearly what I’d accomplished.” has looked into the program at 3,000 cheerleaders and dancers Brasfield, of Halls, Tenn., had the University of Memphis. Being that were selected to be a part of only been on the school’s cheer selected for the Varsity program the Varsity Spirit Corp.’s All-Amer- and dance team for a year when was “a really big confidence ican program. she made the decision to try out booster,” she said. “Just knowing Based in Memphis for nearly for the program while at camp Memphis-based Varsity Spirit Corp. cheerleaders and danc- that if you put in that hard work 40 years, the company acts as an this summer. She had to learn ers will be among those participating in the London New you really can do whatever you umbrella for several cheer and an additional routine, which was Year’s Day Parade. (Courtesy of Varsity) set your mind to.” dance associations, uniform and performed in front of the entire Noone said she is proud of clothing retailers, and camps and camp. the talent that Memphis’ own clinics across the country. Partici- “You have to be self-moti- have enough money or don’t routines, one of which she will be Varsity Spirit has chosen for pants are typically invited to try vated to get up the money, and think they can work hard enough assigned to perform in London. these big stages. out for the All-American program that’s why some girls, whenever to get the money, so they just The experience is about “They really do represent the during their time at cheer camp. they do try out and make it ... don’t try,” she said. more than just performing for an best of the best in this country,” “About 10 to 12 percent of our they either don’t think they will Brasfield has learned three audience of nearly 300 million she said. campers are chosen to be All- Americans,” Varsity vice president of public relations Sheila Noone said of the 325,000 that pass through their training programs Education each year. The campers are dispersed to one of six parades that take place between Thanksgiving and New Shelby County School Board Year’s Day. “These parades are a way to reward them, (to) say, ‘You have To Weigh More School Closings this opportunity now to be on a national stage,’” Noone said. Bill Dries Once they are chosen and de- [email protected] cide where they will travel to, it’s up to the camper to come up with his or her own funds, including helby County Schools board mem- said of Alcy. “The people at this school … schools in one school year,” she said. airfare, hotel, meals and sightsee- bers voted Tuesday, Dec. 17, to start have all really put forth an effort to tackle Schools board member David Reaves ing activities. S the process of considering the clos- the achievement issue.” said the burden is on Hopson and his “These girls are really talented ing of four more schools for the 2014-2015 Joshua Forbes said closing Alcy would administration to make the case for closing and aren’t scared to put out their school year, bringing the number of schools amount to “destroying the community by schools. He also had concerns about “the talents to other people,” said that could close to 13. proxy.” scorched earth policy to where we close a Desta Walker, a high school senior The process sets in motion a set of Hopson said he’s open to considering bunch of schools and basically take the last from Middleton, Tenn., who is public hearings the school system will hold alternatives like the one from community vestiges out of a community and then the traveling to London to participate in the communities to be affected. leaders in the Carver neighborhood that community disintegrates.” in the New Year’s Day parade. SCS superintendent Dorsey Hopson wound up being his recommendation. Meanwhile, Hopson said his other This was Walker’s second year said he will probably make his final recom- But Hopson also said continued strategy with the school closings is to being chosen for the All-American mendations on school closings based on low student achievement at the schools close schools that the state-run Achieve- program but her first time taking those hearings and seek a board vote on combined with underutilization is a major ment School District is taking as part of its advantage of the opportunity for them in February. factor in weighing what is best for the system. That includes schools that the ASD the trip. “It’s not a done deal,” Hopson said students. is moving into partially over several school “My mother is also my (cheer) after the school board heard from critics of “I know this is a tough emotional issue. years. The phased-in takeover is called “co- coach, so she decided kind of for the plan to close Alcy Elementary School. I hear these fine people in the Alcy commu- location,” and Hopson said it makes it dif- me that I was going to one or the “What the board has voted on is to allow nity,” he said. “It just doesn’t make sense to ficult to recruit teachers in the conventional other this year,” Walker said. “I the administration to move forward with operate under-enrolled, underperforming school in a building with the achievement wasn’t even going to consider go- continued analysis.” schools.” school. Shelby County Schools is also still ing because I knew it was a lot of And he pointed to the inclusion of The four new schools added to the list paying to administer the school building. money and we have other stuff to Carver High School on the list for possible for possible closure this month, in addition “We found it to be inefficient and not deal with.” closing in April. Hopson recommended in- to Riverview Middle School, are Cypress best for kids,” Hopson said. “We don’t want High school senior Briana stead this month that Carver remain open and Vance middle schools and Klondike to co-locate anymore.” Brasfield worked tirelessly raising and that the board consider closing nearby Elementary School. Most are in the district The Achievement School District is for money to fund her trip to London Riverview Middle School and make Carver of board member Shante Avant, who ex- those schools that are in the bottom 5 per- this year to dance in the New a school for students in grades 6-12. pressed her concern. cent across the state of Tennessee in terms Year’s Day parade, choosing Lon- Alcy Elementary has been on the list for “We have never closed this amount of of student achievement. don over New York to extend her possible closure since April. fundraising time. “You actually have a sizeable amount of For more local and national news, visit www.memphisdailynews.com In addition to financial sup- students,” Tennessee Rep. Raumesh Akbari www.thememphisnews.com December 20-26, 2013 23

Memphis standout Pink Palace Director Pike Indulges ‘Museum Bug’

Richard J. Alley build a proper building for them,” he said. lot of people’s fingerprints on it.” Special to The Memphis News “Over seven or eight years, I did that.” There is still plenty to be done, and It was an exciting time for Pike and one Pike is excited about upgrades to the Lida in which he learned that, as a museum’s Gammill Sharpe Planetarium, including teve Pike, director of museums for director, “you work for everybody. … I’m video capacity to replace the current pro- the Pink Palace Family of Museums, responsible for the welfare of this institu- jection equipment; the 3-D digital capac- Scalls himself a generalist, happy to tion and everybody who cares about it.” ity being added to the CTI IMAX Theater; have his hands in all things theoretical He took that knowledge on his next and opening the second floor of the main and material. It’s a label that envelopes quest. After seven years in Virginia, he and museum to the public in 2016. his interests, his career choices, and going wife, Orli Weisser-Pike, wanted to move As director of the family of museums, back to his liberal arts education at Mar- their two young sons to a midsize city Pike is over Lichterman Nature Cen- ian University in Indianapolis. where they would have more opportunity. ter, Coon Creek Science Center and the Born and raised in Evansville, Ind., He was more aware of the Pink Palace Mallory-Neely and Magevney houses in he majored in literature with a master’s than of Memphis itself, saying, “It’s an Victorian Village. It’s broad-scoped work degree in the field from Temple University odd name, but once you hear it, you don’t that satisfies his interests as a generalist. in Philadelphia. His first job was teaching forget it. There’s not a focus group in the From one day to the next, he may deal at the university before moving into the world that could have come up with that with replacing windows at the museum or world of academic publishing, working in name.” planning for spring activities for members marketing and public relations for Temple Pike He moved to Memphis in 2003, and at Coon Creek. University Press followed by Princeton after 10 years, he says, “I’m glad we made “There is a lot going on here for the University Press. museums around the country.” the change, took the plunge.” public, of course, but also, intellectually, His shift into the realm of museums From the national trust, he went to On his initial trip, he was given a tour there is just a lot going on,” he said. “It’s began with a job in Washington in the work for the membership program of the of the city by a board member, culminat- very wonderful, intellectually stimulating. marketing department of the American Smithsonian Institution. ing in a visit to the museum. His first … There’s never a day when I don’t learn Association for the Advancement of Sci- “I guess you could say I got the ‘mu- impression of the Pink Palace: “Wow, that’s something.” ence, a large, multidisciplinary science seum bug’ at the national trust, and then beautiful.” Pike finds Memphis engrossing, and association publishing books and maga- it really became a fatal affliction when I He also admits that, looking around it has become home for him, his wife and zines. went to the Smithsonian,” he said. the exhibits, “It was like seeing an old their two sons, Joseph and Gabriel. He’s He got to know people in the build- It was while in Washington that he painting that needs to be refreshed and delved into its history and community, ing across the street – the National Trust decided he wanted to try running a mu- cleaned. A lot of them were old and out- both in a professional and personal capac- for Historic Preservation – and when they seum and became director at the Virginia of-date, and we’ve updated some of them, ity, and says, “I keep peeling this onion looked to hire their first vice president for Museum of Natural History. It’s a research and we’re going to update all of them.” and I never quite feel like I’ve gotten to the development and communications, Pike museum and quite hidden in the small A strategic plan was put in place, one bottom of it. It’s fascinating and intrigu- put his hat in the ring and got the job. town of Martinsville, making it difficult to from previous administrations that “had a ing, but also accessible.” “That’s how I got into museums. It raise money. was a wonderful opportunity,” he said. “At “I knew that the one thing I could do that time, the trust had 18 historic house as a generalist was to raise the money to @ MemphisConnect

Government County Commission Votes On Pay for Elected Officials Sometimes you can live somewhere your whole life and never know the full story. Bill Dries Commissioner Melvin Burgess, who is [email protected] audit director for Shelby County Schools, supported the pay raise for school board members who set his own pay, linking it to he issue of how much to pay overall funding of education. MemphisConnect.com elected officials was settled Mon- “Either we invest here today, or we is your guide to local culture, arts, living and T day, Dec. 16, by the Shelby County invest on the back end in prison,” Burgess Commission on one front. said. “We are at a crisis in education in this But the debate will still be around in community.” all things Memphis. another form in the new year. Burgess, in a disclaimer before the Commissioners voted down the first vote, acknowledged his job with the school of three readings of a proposed $20,000 system, but still voted on the matter. pay raise for Shelby County Schools board Commissioner Terry Roland said he members and kept the pay of the county will formally contest Burgess’ ability to mayor, sheriff, trustee, register, county vote on the question. clerk and assessor at the same level they “How is it not a quid pro quo?” Roland are now. asked as he termed the vote “illegal.” The votes on the non-school board “Do you see how bad this looks to the elected officials were on third and final public?” he asked. “We’re talking about reading, and they effectively decide issues deals being made here with the public’s that have prompted much commission money.” debate in the last two months. The pay raise fell two votes short of the The failure of the school board pay nine-vote, two-thirds majority needed for raise on first reading, with two more to passage but still advances to second and come, however, ensures the debate will third readings. For Memphis continue into the new year with a different By Memphians frame of reference. school board continued on P26 24 December 20-26, 2013 www.thememphisnews.com

Don’t Panic memphis Law Talk Over Scary Financial News Dickerson to Carry Tradition Ray’s Take Of Service as YLD President If it’s not another country defaulting on their debts it’s political Richard J. Alley gridlock on economic Special to The Memphis News issues here or ominous predic- ray & dana Brandon rays of wisdom tions about the Federal Reserve. The news seems to be featuring oped mentoring and both formal and more than its share of scary economic news these informal training,” he said. days. As an “outsider” who didn’t gradu- The question is: What should you do? First ate from the local law school at the and foremost, don’t panic. That’s when the worst University of Memphis, Dickerson investment decisions are made. Remember, bad credits the Young Lawyers Division news attracts more television viewers than good. with helping to connect on a social and professional level. Rarely are things quite as dire as those talking I got to train under heads predict. “I don’t know that I would know Secondly, the best course of action could be one of the best judicial how to be involved with these things to do nothing. That doesn’t mean the market minds in Memphis without the Memphis Bar or the won’t react to bad news – and react badly. How- YLD. It’s just a great network to learn under Judge McCalla about these events,” he said of such ever, if you follow the herd and sell when everyone programs as Memphis Area Legal else does, you’ll be losing money. You might call and see the ins and Services’ free clinics, and monthly it “cutting your losses.” I call it losing money. It outs“ of things.” clinics put on at a Veterans Adminis- sounds tempting to “play it safe” until you think tration facility. Through the YLD, at- it’s OK to venture back, but it rarely works. –Jake Dickerson torneys have the opportunity to work Numerous studies show that those holding Dickerson with high school mock trial teams, tight during market downturns usually come out mentor and participate in a basket- better when the market rebounds. It might take ball league. time, but the alternative is selling when prices are ake Dickerson, associate with was always the career path,” Dicker- He looks forward to carrying low and then reinvesting when they go up again. Baker, Donelson, Bearman, son said. the tradition of service forward as That’s not the best approach to growing your Caldwell & Berkowitz PC, is the After graduation in 2007, he president and helping other young nest egg. Don’t go looking for a crystal ball when J incoming 2014 president for the clerked for Judge Jon McCalla, chief attorneys become acclimated to the simply avoiding fear and greed in investing will Young Lawyers Division of the Mem- judge of the U.S. District Court for work and life. produce better results. phis Bar Association. the Western District of Tennessee. “Just talking to friends in other Even the smartest professional investors don’t The division arranges and hosts He had worked as a summer associ- cities, I don’t feel like other bar as- know exactly when to move in or out of the stock continuing legal education seminars, ate with Baker Donelson during law sociations are quite as active as us,” market. But that doesn’t prevent a lot of sales- networking events, pro bono op- school and, after finishing his clerk- he said. people from implying they know the secret. By the portunities and fundraisers such as ship in August 2008, signed on with He has enjoyed his time with time you figure out they really don’t, it’s usually the annual golf tournament benefit- the firm. Baker Donelson, noting that the too late. ing the Porter Goodwill Branch of What area of law to focus on “was firm is very supportive of the profes- Maintain easy-to-access cash for emergencies the Boys & Girls Clubs of Greater a great mystery,” he said. “I knew sional life, but also of his work in along with an allocation matched to your needs Memphis. MBA members 36 years getting to law school was always in the community, and they promote a and time horizon; structured to weather bad or younger, or within their first three the plan, but beyond that I was pretty balance between work and life. This times and benefit from good ones. Then you won’t years of practice, are automatically ignorant about the options.” is important to Dickerson who, at the need to panic when bad financial news looms. members of the division. He came to enjoy the general end of his federal clerkship, mar- Dickerson grew up in Memphis business side of law, and his focus ried wife, Anna, director of Volunteer Dana’s Take and received a bachelor’s degree in now is on business litigation, rep- Northwest Mississippi. The two met Bad financial times can be a good thing for history and political science from the resenting financial institutions and in law school and now have a daugh- kids and adults. An economic downturn reminds University of Mississippi. He worked medical malpractice defense. ter, Laney, born in November, only us that what goes up will go down – so expect it as an admissions recruiter for the “There is certainly a learning days before he was named president and plan for it. When prosperity is on the rise, it’s school for a year after graduation curve, and that was the beauty of a of the YLD. easy to plan only for continued prosperity. If you before entering the law school there. federal clerkship – that I got to train On Dickerson’s desk rests a law bought an expensive home at the peak of the real The idea of a career in law came under one of the best judicial minds school graduation gift from his estate market, you know what I mean. Ouch. early in elementary school and was in Memphis under Judge McCalla grandfather – an enormous Black’s It’s just as important for a child to learn about influenced by his grandfather, Tucker and see the ins and outs of things,” Law Dictionary. Out of date, it is a losing money as making it. Allow your child or Dickerson, an attorney and general he said. “So that experience was source of strength and inspiration. young adult to feel the pain when he or she makes sessions judge in Coffee County, invaluable.” It has paired well with his education a poor financial choice. Don’t rush in with a bail- Tenn. He makes a point, as well, to and mentoring through school and in out. Let the child work out a solution. “I remember playing with his mention mentors such as Buck Lewis, practice with Baker Donelson where, Don’t feel bad if your kids experience fam- gavel from when he was a judge Emily Landry and Christine Roberts he says, “They’re willing to let you ily financial setbacks. Those scary drops in the when I would go to his house, so I in the firm. swim in as deep of waters as you’re economy are a reality check. Were we spending think it was because of him that this “They’ve got a really well-devel- comfortable with early on.” and borrowing based on an exclusively optimistic plan for the future? Your kids will learn from it and may become great savers and financial planners some day. Sometimes bad economic times can Like us. provide life’s greatest lessons. facebook.com/MemphisDailyNews

Ray Brandon is a certified financial planner Follow us. and CEO of Brandon Financial Planning (www. @memphisdaily brandonplanning.com). His wife, Dana, has a bachelor’s degree in finance and is a licensed Visit us. clinical social worker. memphisdailynews.com 193 Jeff erson Ave. • Memphis TN 38103 • (901) 523-1561 www.thememphisnews.com December 20-26, 2013 25

Government Memphis City Council Questions Pension Plan

Bill Dries members. reach the $100 million annual contribu- [email protected] At their first public session Tuesday, tion level. Dec. 17, with Wharton and his adminis- The city would maintain that $100 tration on the plan, council members had million contribution level for 30 years. emphis Mayor A C Wharton Jr. more questions than comments. Some The goal of $100 million amounts to plans to ask the Memphis City were about the administration’s use of the 16 percent of the city’s operating budget M Council sometime in February term “efficiencies” for measures the city of $623 million. or March to close the city’s defined ben- would take to reach the $100 million an- “How long do we have to put $100 mil- efits pension plan to new hires and those nual contribution. lion in the bank to cover a $700 million city employees with less than 10 years of Most council members took it to liability?” asked council member Lee Har- service. mean budget cuts. ris. “Why is it 30 years?” Those employees would be moved to “Efficiencies can be a really pretty Conrad The answers to those questions are to a defined contribution plan that is similar word,” council member Shea Flinn said. “I come at future sessions with the experts to a 401(k) plan. don’t want to see us start down this course develop it, we are going to do it later – the city is using to formulate the details of The retired city employees and those and then have the budget have some that time is long past. We are here because its proposal. who are vested in the defined benefits efficiencies that maybe we aren’t going of a kick-the-can governing model. … It’s “How do we take half of our em- plan with 10 years or more on the job to get seven votes for. Then it’s all just tax happened on all of our watches,” Con- ployees out of the mix and the liability would remain in the current plan. increase, tax increase.” rad said. “Please don’t bring us anything remains the same?” Harris asked. If the council approves the move, it Wharton and Chief Administrative that says we are going to explore this Council member Jim Strickland asked would take effect with the July 1 start of Officer George Little said the administra- more. The time for that was years ago. a related question about unvested city City Hall’s new fiscal year. tion is committed to not increasing city We need more from the executive branch employees and new hires coming out of The timeline is part of the still-form- property taxes to meet the goal. … to manage through this over the next the plan that the vested employees and ing administration plan to deal with the “We want to avoid a tax increase,” five years. We’ve got to start saying no to retirees are in. city’s unfunded pension liability with Little said. “Some of the items are fairly stuff.” “They won’t be putting money into annual payments of $100 million for 30 specific. Some of them are more general, Conrad advocated two budget seasons the pension plan, so where does it come years. like develop this or explore that. We’re ago a fuller share of the city’s budget to- from?” he added. Wharton estimates the city’s overall focusing on the low-hanging fruit initially ward the $700 million unfunded liability. The answers are to come in more ses- unfunded pension liability is more than that we can really talk about.” Over five fiscal years starting next July sions like Tuesday’s and in emails as well $700 million. The concept drew immediate opposi- 1, the city would grow its annual con- as discussions with the city’s municipal Wharton distributed the broad outline tion from council member Kemp Conrad. tribution toward the unfunded pension union leaders who don’t agree on the size of the forming plan last week to council “The days of explore, we’re going to liability by approximately $15 million to of the liability.

Education Achievement School District Prepares for Third Year

Bill Dries Frayser, particularly in the feeder The students and their standalone charter schools and Shelby County Schools’ Dors- [email protected] pattern to Frayser High School parents can opt to graduate from Shelby County Schools for teach- ey Hopson agreed, saying other and now the high school itself, Pathways or return to the school ers but also with the six new sub- conventional school systems that was a deliberate choice for the they had been zoned to. urban school systems that plan to haven’t considered marketing t was already official before school district that was conceived “We are at a point now where open in August as well. their schools past announcing at- Achievement School District as an effort to turn around the we’ve got a lot of folks coming “Think about Shelby County tendance zone changes are now I superintendent Chris Barbic bottom 5 percent of schools in and opening and what we want three years ago, there were two exploring how to do that in order made the formal announcement the state in terms of student to do is look for those gaps in ser- primary educators. There were to compete. The other Achieve- last week. Months ago, Barbic achievement. vices and programs we can offer a few charter schools here. And ment School District moves for had confirmed that former Parents at Westside Middle, to kids,” Barbic added. that was it,” he said. “If you’re a the next school year are: Westside Middle School principal which feeds into Frayser High, Because of the concentration great teacher now in Memphis, • Aspire Public Schools will Bobby White would be leading had enough concerns about the of state-run schools in Frayser, you are a rock star. … People are move into Coleman Elemen- the state-run school district’s ef- transition to the high school that White said the process of recruit- going to be competing for the tary School in Raleigh. fort at Frayser High School in the the ASD started a ninth grade ing parents to give the schools best ones to come work at their • Promise Academy will be 2014-2015 school year. academy within Westside this a chance in an area where 12 of schools and there’s going to be at Spring Hill Elementary White, a Frayser High alum, school year. the 14 schools are in the bottom incentives and things to make School, also in Raleigh. nevertheless donned a green In January, the district will 5 percent isn’t as much of an that job attractive. It’s absolutely • Freedom Prep Academy, baseball cap with the letter “F” on open an alternative grades 7-12 unknown. a different day in Memphis when which has a separate charter the front Thursday, Dec. 12, when school in the Northgate shopping “I’m so proud that our com- it comes to being a teacher.” school already in southwest Barbic did the honors. White’s center run by Pathways in Educa- munity has gotten to the point Shelby County Schools board Memphis, will run Westwood Frayser Community Schools tion, a charter school operator where they feel confident and chairman Kevin Woods made Elementary School. opens what will be called Martin that specializes in overage stu- knowledgeable enough to really the same point last week as the • Green Dot Public Schools Luther King Jr. Preparatory dents and drop outs seeking their sit down at the table with a Chris school board talked about priori- goes to Fairley High School. School at Frayser High School in high school diplomas. Barbic or (Shelby County Schools ties for the coming year. The transitions at Coleman, August in an area where the ASD “It’s working primarily with superintendent) Dorsey Hopson “How do we attract students Frayser and Fairley will be in all already runs five schools directly. kids that are overage for grade, and say this is what we would like to this district?” Woods asked as grades at those schools next year. “I was a part of the process so kids that may be two or three to do in our schools,” White said. he talked of making marketing The Spring Hill and Westwood from the beginning,” he said. “I years older than the grade they Barbic said the transition to and recruiting of teachers and transitions will be over several think we have this unique ability are in,” Barbic said. “It’s an op- the next school year should be students a priority. “Right now school years with Promise and to mirror a little further ahead in portunity for kids to get caught different in that regard because our students and our teachers Freedom Prep starting with pre- understanding what is going on.” up with a little bit more individu- the ASD schools will compete have more options than they’ve kindergarten through first grade The emphasis on schools in alized program.” on several fronts not only with ever had before.” in the 2014-2015 school years. 26 December 20-26, 2013 www.thememphisnews.com happenings firstcpchurch.org.

Paulette’s will hold a Christmas Eve din- Playhouse on the Square will host a Four Seasons ner Tuesday, Dec. 24, from 5 p.m. to 9 p.m. Cocktail Series happy hour Saturday, Dec. 21, from at the restaurant, 50 Harbor Town Square, inside River Inn of Harbor Town. Visit riverin- »5:30 p.m. to 6:30 p.m. at Playhouse, 66 S. Cooper nmemphis.com for a menu; call 260-3300 for reservations. St. The event will include guided tours of the theater, The Peabody will host a Christmas Day including areas off limits to the public. Cost is brunch Wednesday, Dec. 25, from 10:30 a.m. to 3:30 p.m. in the hotel’s mezzanine, 149 free; donations benefit Memphis Youth Symphony Union Ave. Cost is $59 for adults and $22 for children ages 5 to 12. Visit peabodymemphis. Orchestra. Visit playhouseonthesquare.org. com for a menu; call 529-3668 for reserva- tions.

Capriccio Grill will host a Christmas Day dinner Wednesday, Dec. 25, from 11 a.m. to 10 » Community p.m. at the restaurant inside The Peabody, 149 The Booksellers at Laurelwood will host a Union Ave. Cost is $55. Visit peabodymem- The Orpheum Theatre will hold its Holiday book-signing with Robert Gordon, author of phis.com for a menu; call 529-4199 for Open House Friday, Dec. 20, at the theater, “Respect Yourself: Stax Records and the Soul reservations. 203 S. Main St. Doors open at 10 a.m., and Explosion,” Friday, Dec. 20, at 6 p.m. at the highlights include a concert on the Mighty bookstore, 387 Perkins Road Extended. Visit Eighty3 will offer a four-course Christmas Wurlitzer organ at noon, a screening of “Mira- thebooksellersatlaurelwood.com. Day prix fixe menu Wednesday, Dec. 25, cle on 34th Street” at 2 p.m. and a presenta- from 11:30 a.m. to 4 p.m. and 5:30 p.m. to tion by “Memphis Movie Theatres” author Memphis Pink Palace Museum will pres- 10 p.m. at the restaurant, 83 Madison Ave. Vincent Astor at 4:30 p.m. Visit orpheum- ent “The Magic of Science: Holiday Edition” Visit eighty3memphis.com for a menu and memphis.com for a complete schedule. Saturday, Dec. 21, at noon in the museum’s reservations. Discovery Theater, 3050 Central Ave. The The Gavel Club of Memphis will hold a family-friendly program will include physi- » THE ARTS Dutch treat lunch Friday, Dec. 20, at 11:30 cal science demonstrations that capture the The Memphis Symphony Orchestra will a.m. in the Holiday Inn University of Memphis spirit of the season. Cost is $4.75 for adults present its annual Home for the Holidays con- Medallion Room, 3700 Central Ave. Entertain- and $4.25 for children and seniors. Visit mem- cert Saturday, Dec. 21, at 2:30 p.m. and 7:30 ment will be provided by Betty Dawson and phismuseums.org. p.m. at the Cannon Center for the Performing friends. Call Bob Gray at 494-8639. Arts, 255 N. Main St. The Memphis Symphony Blind Bear Speakeasy will hold a second an- Chorus and soloist Wendy Moten will join the Wyatt, Tarrant & Combs LLP will host a niversary party Monday, Dec. 23, at 8 p.m. to orchestra. Tickets start at $15. Visit memphis- seminar on the importance of copyrights in Tuesday, Dec. 24, at 2 a.m. at Blind Bear, 119 symphony.org. commerce and the economy, as well as the S. Main St. The event will include live music, basic concepts of copyright laws, Friday, Dec. drink specials and giveaways. Visit blind- The Orpheum Theatre will host Johnny 20, from 4 p.m. to 5:30 p.m. at the Memphis bearmemphis.com. Mathis’ Christmas concert Saturday, Dec. Bar Association office, 145 Court Ave. Attor- 21, at 8 p.m. at the theater, 203 S. Main St. ney Bill Parks will lead the session. Cost is free First Cumberland Presbyterian Church will Mathis will perform his greatest hits and holi- except for attorneys seeking CLE credit. Reg- host its Christmas Eve candlelight service day favorites, and comedian Gary Mule Deer istration begins at 3:45 p.m. Email bparks@ Tuesday, Dec. 24, at 5 p.m. at the church, will take the stage between sets. Buy tickets wyattfirm.com or call 537-1000. 8161 Germantown Road in Olive Branch. Visit at orpheum-memphis.com.

new york pizza continued from P13 counties. Shelby County Schools board iff the same when they begin their new members are paid $4,200 a year. Mul- four-year terms of office Sept. 1, 2014. The The 30-story building looms large roy said he was surprised to learn Metro mayor’s pay will remain $142,500 a year, across Main Street. Previously home to Nashville Schools board members are paid and the sheriff’s pay will remain $115,000. corporations such as the National Bank “only” $14,000 a year. The commission also voted on third of Commerce, SunTrust Banks and, most “There’s never been a good time to do and final reading to keep the pay of recently, Pinnacle Airlines, it has disgorged something like this,” said Commissioner the trustee, register and county clerk at hungry bankers, accountants, reception- Mike Ritz who proposed the raise. “I think Either we invest here $107,933 a year and the pay of the asses- ists, lawyers and CEOs onto Downtown’s that’s why we need to do this now.” today, or we invest on sor at $108,615 a year. The third ordinance streets for years. Commissioners Chris Thomas and the back end in prison.” in the set of three passed with very little Though the building has been far Wyatt Bunker, both former school board political fireworks. That ordinance keeps under capacity lately, Ahmed may be on to members before the merger of Shelby –Melvin Burgess the pay of commissioners at $29,100 a year something when he looks to summertime County’s two public schools systems, for the next term of office. – the State of Tennessee recently signed a spoke against a pay raise that so far no one Commissioners also approved Monday lease that will bring nearly 600 state em- on the seven-member board has publicly “ a $7.1 million settlement of the long-run- ployees across the street. endorsed or called for. than debate as the commission ultimately ning litigation in Shelby County Chancery Another offering not to be found Commissioner Heidi Shafer said the approved on third and final reading an Court over payments-in-lieu-of-taxes from everywhere is on the flat-screen television raise is “kind of putting them in an embar- ordinance that leaves the pay of the Shelby Memphis Light, Gas and Water Division mounted to the wall above the counter. rassing position.” County mayor and Shelby County sher- through the city of Memphis. The rabid sports fan Ahmed says that the “It makes them look as if they are lining TV will always show soccer from around their pockets as they ask others to sacri- the world, any time of day or night. New fice,” she said, referring to the transition York Pizza is currently open from 8 a.m. to to schools consolidation in which some 8 p.m. teachers and other schools employees lost Emphasis Issues Though still early, Ahmed is happy with their jobs or took pay cuts. the business so far with a busy lunch in the Shafer and other commissioners also books and plenty of foot traffic passing by. said the timing wasn’t right given a Shelby “This reminds me of New York,” he County property tax hike earlier in the What’s ComingUp said, gesturing out the front window be- year. tween the preparation of pies. “The trolley Commissioner Henri Brooks, however, and walk-up traffic. I know NewY ork is said it was unfair to link the issues, which JANUARY crowded, I like crowded.” she said amounts to “pitting one group of 10 EDUCATION people against another.” “That has inflamed people to no end,” Brooks said. “You can’t make sound deci- JANUARY 24 school board continued from P23 sions when the community is inflamed. DISTRIBUTION & LOGISTICS They need to be adequately compensated. Commissioner Steve Mulroy plans to … How do you think we look when we pay For information about advertising in these upcoming issues, contact your account executive or have some numbers by second reading on our school board $4,200 a year?” Leah Sansing at 901-528-5270 how much school board members are paid There were many more rounds of vot- or [email protected] in other comparable Tennessee cities and ing and more parliamentary maneuvering www.thememphisnews.com December 20-26, 2013 27

Week of 12/9/13 - 12/15/13

crosswords The Weekly

Crossword Edited by Margie E. Burke The Weekly Crossword by Margie E. Burke ACROSS 1234 56789 10 11 12 13 1 Wind catcher 14 15 16 5 Save for later 10 Heavy drinker 17 18 19 14 Orchestral 20 21 22 23 heavyweight 15 Solitary sort 24 25 26 27

16 Unfooled by 28 29 30 31 32 33 34 35 17 Desertlike 18 State flower of 36 37 38 39

New Mexico 40 41 42 43 19 Febreze target 20 Headquartered 44 45 46 47

22 Get the picture 48 49 50 51 23 Prominent 24 Yuletide song 52 53 54

26 Hunter's quarry 55 56 57 58 59 60 61 62 63 28 Hide-hair link 31 Ragtime dance 64 65 66 67

33 Doris or Dennis 68 69 70 36 Part of a conductor's cry 71 72 73 38 Write a check Copyright 2013 by The Puzzle Syndicate for later 40 Blacken DOWN 37 ___ we there 55 Out of the 41 Take unrightfully 1 Wild guess yet? woods 43 Molecular bit 2 Mystical glow 39 Beaver's project 56 Auspices 44 Taxing job? 3 Heron's cousin 42 Tofu source 57 Haul in 46 Not susceptible 4 Weighed down (var.) 59 X or Y, in 48 Do-over, in 5 Stallone 45 Type of milk geometry tennis nickname 47 Cheesy 61 Familiar with 49 Type of speaker 6 Muss, as hair sandwich 62 ____ and void 51 Restroom sign 7 Fairytale starter 50 Musical span 63 Where Paris 52 Former Italian 8 Nerve ending 52 Full of passion took Helen money 9 Baseball stat 54 Rodeo rope 65 Terrible age? 53 Con's quarters 10 Not all there 66 Movie backdrop 55 Fluid with 11 Edit menu option antibodies 12 Pack away Answer to Last Week's Crossword 58 Dracula, at times 13 Saddle feature 60 Talk smack to 21 Word after SWAG COMB CREPE 64 Cruise film, stage or screen HALO AVER LIVID "Rock of ____" 23 Hoarded I DOL LAWABIDING 65 28th state and a 25 Software buyer, NEEDFUL ANGL EE Michener title usually MUM PR I CE 67 Boot attachment 27 Brief break CAN I NETOOTH CUP 68 Italian auto 28 Like Steve LOON TUNA ERASE maker Urkel's voice ARMED RID RECUR 69 Relinquish rights 29 Past plump STARE NA I L DARK 70 "Star Wars" 30Week Comical of tribute 12/9/13HAD - 12/15/13STEREOSCOPY captain 32 Reject rudely WE I RD TEA 71 TV sports 33 Bit of info REGARD STARTUP award 34 Make good I LL I TERATE PANE 72 Beginning 35 Saudi Arabia's MAUVE EVER EM I R 73 Kind of child neighbor ENTER DEWY TEXT

Sudoku Edited by Margie E. Burke  Edited by Margie E. Burke Difficulty : Medium HOWHOW TO T OSOLVE: PLAY Each row must contain the  numbers 1 to 9; each column must contain the numbers 1    to 9; and each set of 3 by 3 boxes must contain the numbers 1 to 9.       Answer to Last Week's Sudoku                     Friday at 7:00pm WKNO             Friday at 7:30pm WKNO2    Sunday at 8:30am WKNO  Copyright 2013 by The Puzzle Syndicate 28 December 20-26, 2013 www.thememphisnews.com 28 December 20 - 26, 2013 www.thememphisnews.com

public notices

East 300 feet to a stake, the South- Inell M. Bradley virtue of the power, duty, and author- This sale is subject to all matters Foreclosure Notices east corner of said Lot Number 18; The sale held pursuant to this Notice ity vested in and imposed upon said shown on any applicable recorded plat; Fayette County thence South 2 degrees 30 minutes may be rescinded at the Successor Successor Trustee will, on January 9, any unpaid taxes; any restrictive cov- East, with West line of Lot Number Trustee’s option at any time. The right 2014 on or about 11:00 A.M., at the enants, easements, or setback lines 4, 146 feet to a stake, the Northeast is reserved to adjourn the day of the Madison County Courthouse, Jack- that may be applicable; any statutory NOTICE OF TRUSTEE’S SALE corner of Lot Number 20; thence West sale to another day, time, and place son, Tennessee, offer for sale certain rights of redemption of any governmental WHEREAS, default has occurred in the 306.4 feet to a stake in East margin certain without further publication, upon property hereinafter described to the agency, state or federal; any prior liens performance of the covenants, terms, of said Valley Drive, the Northwest announcement at the time and place highest bidder FOR certified funds paid or encumbrances as well as any priority and conditions of a Deed of Trust Note corner of said Lot Number 20; thence for the sale set forth above. W&A No. at the conclusion of the sale, or credit created by a fixture filing; and to any dated May 13, 2009, and the Deed of North, with East margin of said Valley 1490-239859 bid from a bank or other lending entity matter that an accurate survey of the Trust of even date securing the same, Drive, 145.9 feet to the beginning and DATED December 3, 2013 pre-approved by the successor trustee. premises might disclose. In addition, the recorded July 13, 2009, as Instrument containing 1.02 acres. WILSON & ASSOCIATES, P.L.L.C., The sale is free from all exemptions, following parties may claim an interest No. 09004665 in Office of the Register ALSO KNOWN AS: 255 Valley Road, Successor Trustee which are expressly waived in the Deed in the above-referenced property: John of Deeds for Fayette County, Tennessee, Moscow, Tennessee 38057 FOR SALE INFORMATION, VISIT WWW. of Trust, said property being real estate Edward Lincoln; Dianne L. Lincoln; John executed by Willie E. Bradley and Inell This sale is subject to all matters MYFIR.COM and WWW.REALTYTRAC. situated in Madison County, Tennessee, Edward Lincoln; Dianne L. Lincoln; M. Bradley, conveying certain property shown on any applicable recorded plat; COM and being more particularly described American Express Centurion Bank therein described to Alan E. South as any unpaid taxes; any restrictive cov- Dec. 6, 13, 20, 2013 Fin11672 as follows: The sale held pursuant to this Notice Trustee for Urban Financial Group; and enants, easements, or setback lines That certain Lot or parcel of real may be rescinded at the Successor the undersigned, Wilson & Associates, that may be applicable; any statutory estate lying and being in the Third Trustee’s option at any time. The right P.L.L.C., having been appointed Suc- rights of redemption of any governmental Foreclosure Notices Civil District, of Madison County, is reserved to adjourn the day of the cessor Trustee. agency, state or federal; any prior liens Tennessee, and more particularly sale to another day, time, and place NOW, THEREFORE, notice is hereby or encumbrances as well as any priority Madison County described as follows; certain without further publication, upon given that the entire indebtedness has created by a fixture filing; and to any Lying in The 3rd Civil District of announcement at the time and place been declared due and payable; and matter that an accurate survey of the Madison County, Tennessee, begin- for the sale set forth above. W&A No. that an agent of Wilson & Associates, premises might disclose. In addition, the NOTICE OF TRUSTEE’S SALE ning at a point in the East margin of 700-236546 P.L.L.C., as Successor Trustee, by virtue following parties may claim an interest WHEREAS, default has occurred in the Burning Tree Cove, said point is the DATED December 5, 2013 of the power, duty, and authority vested in the above-referenced property: Willie performance of the covenants, terms, Northwest corner of Lot 91 of The WILSON & ASSOCIATES, P.L.L.C., in and imposed upon said Successor E. Bradley; Inell M. Bradley; Estate and conditions of a Deed of Trust Note Timbers Development, Section II as Successor Trustee Trustee will, on February 3, 2014 on of Willie E. Bradley; Estate of Inell dated December 12, 2008, and the Recorded in Plat Book 3, Page 208, FOR SALE INFORMATION, VISIT WWW. or about 10:00 A.M., at the Fayette M. Bradley; Heir(s) if any, of Willie Deed of Trust of even date securing Register’s Office, Madison County, MYFIR.COM and WWW.REALTYTRAC. County Courthouse, Somerville, Ten- E. Bradley; Heir(s) if any, of Inell M. the same, recorded January 8, 2009, at Tennessee; Thence South 89 degrees COM nessee, offer for sale certain property Bradley; Secretary of Housing & Urban Book T1848, Page 1696 in Office of the 23 minutes East with the North line Dec. 13, 20, 27, 2013 Fin11673 hereinafter described to the highest Development; Thelma Cheairs, possible Register of Deeds for Madison County, of Lot 91 a distance of 333.73 feet to bidder FOR certified funds paid at the heir of the Estate of Inell M. Bradley; Tennessee, executed by John Edward a point; thence North 19 degrees 56 NOTICE OF FORECLOSURE SALE conclusion of the sale, or credit bid Barbara Bradley, possible heir of the Lincoln Dianne L. Lincoln John Edward minutes West a distance of 258.37 MADISON COUNTY, STATE OF TEN- from a bank or other lending entity pre- Estate of Inell M. Bradley; Dorothy Lincoln and Dianne L. Lincoln, conveying feet to the Southeast corner of Lot 89; NESSEE approved by the successor trustee. The Bradley-Shelton, possible heir of the certain property therein described to thence South 74 degrees 2 minutes THIS IS AN ATTEMPT TO COLLECT A sale is free from all exemptions, which Estate of Inell M. Bradley; Christine Gail C. Victory as Trustee for Mortgage West with the South line of Lot 89; DEBT. ANY INFORMATION OBTAINED are expressly waived in the Deed of Thompson, possible heir of the Estate Electronic Registration Systems, Inc., thence South 74 degrees 2 minutes WILL BE USED FOR THAT PURPOSE. Trust, said property being real estate of Inell M. Bradley; Nicole Harville, as nominee for Plaza Home Mortgage, West with the South line of Lot 89 a Default has been made in the terms, situated in Fayette County, Tennessee, possible heir of the Estate of Inell M. Inc., its successors and assigns; and distance of 223.00 feet to a point in conditions and payments provided for and being more particularly described Bradley; Terry Bradley, possible heir the undersigned, Wilson & Associates, the East margin of Burning Tree Cove; in that certain Deed of Trust dated June as follows: of the Estate of Inell M. Bradley; Gary P.L.L.C., having been appointed Suc- thence South with the East margin 15, 2001, of record in Deed Book / Townsend Subdivision Number 2 Lot, Bradley, possible heir of the Estate cessor Trustee. of Burning Tree Cove a distance of Page Number T1303 / 159, Instrument Number 19: Beginning at a stake in of Inell M. Bradley; Denice Bradley, NOW, THEREFORE, notice is hereby 156.41 feet, being Lot 90, Section II 11036, Register’s Office for Madison East margin of Valley Drive, this point possible heir of the Estate of Inell M. given that the entire indebtedness has of The Timbers Development, platted County, Tennessee, from Minnie P. being the Southwest corner of Lot Bradley; Carlton Bradley, possible heir been declared due and payable; and as aforesaid. Springfield (FKA Anderson) (Borrower) Number 18 of Townsend Subdivision of the Estate of Inell M. Bradley; Corey that an agent of Wilson & Associates, ALSO KNOWN AS: 12 Burning Tree to PETTIGREW & CAMP (Trustee) for Number 2, from said point of beginning Bradley, possible heir of the Estate of P.L.L.C., as Successor Trustee, by Cove, Jackson, Tennessee 38305 the benefit of MORTGAGE ELECTRONIC www.thememphisnews.com DecemberDecember 20 20-26, - 26, 2013 29

public notices

REGISTRATION SYSTEMS, INC., AS an accurate survey of the premises might AUCTION.COM certified funds paid at the conclusion Related Info NOMINEE FOR NOVASTAR MORTGAGE, disclose; and other matters which are Dec. 20, 27, 2013 Jan. 3, 2013 of the sale, or credit bid from a bank A VIRGINIA CORPORATION (Lender), prior in right to the lien of the aforesaid Fin11675 or other lending entity pre-approved by Also read our daily edition, The Daily securing the Note/indebtedness therein Deed of Trust. the successor trustee. The sale is free News, in print or online every business described, the entire Note/indebted- If a high bidder fails to close a sale, from all exemptions, which are expressly day for public notices for Memphis & ness having been declared in default the Successor Trustee shall have the waived in the Deed of Trust, said prop- Shelby County. and immediately due and payable by the option of making the sale to the next Foreclosure Notices erty being real estate situated in Tipton Go to www.memphisdailynews.com or lawful owner and holder thereof. highest bidder. The sale held pursuant County, Tennessee, and being more Tipton County call 683.NEWS for more information. 21 ASSET MANAGEMENT HOLDING, LLC to this Notice may be rescinded at particularly described as follows: (Holder), now being the present owner/ the Successor Trustee’s option at any The land described herein is situated holder of said indebtedness, has now time. The right is reserved to adjourn NOTICE OF TRUSTEE’S SALE in the State of Tennessee, County of requested that foreclosure proceed- the sale to another day, time and/or WHEREAS, default has occurred in the Tipton, and is described as follows: ings be instituted, and said Holder place certain without further publication, performance of the covenants, terms, Beginning at the Northwest corner of has appointed the firm listed below as upon announcement at the time and and conditions of a Deed of Trust Note the Martha Smith 25 acre tract, of Successor Trustee under said Deed of place for the sale set forth above, or at dated November 7, 2008, and the Deed which this is a part, thence East 150 Trust, by an instrument duly recorded in any date and time fixed by a preceding of Trust of even date securing the same, feet with the present North line of the following parties may claim an interest in the aforesaid records, to serve in the postponement. Alternatively, at its op- recorded November 19, 2008, at Book said Martha Smith 25 acre tract to the above-referenced property: Frances place and stead of the aforementioned tion, Successor Trustee may give a new 1418, Page 31 in Office of the Register a stake, and along the Willow Grove L. Smith; Frances L Smith; Frances L. Trustee. notice of sale. of Deeds for Tipton County, Tennessee, Road; thence South 290 feet across Smith; Secretary of Housing & Urban NOW, THEREFORE, said Successor Weissman Nowack Curry & Wilco, PC executed by Frances L. Smith, convey- the field to a stake; thence West 150 Development; Household Financial Trustee, or agent thereof, pursuant One Alliance Center, 4th Floor ing certain property therein described feet to a stake in the West line of Center, Inc. to said Deed of Trust, having been 3500 Lenox Road to Frank Alvstad as Trustee for World the said Martha Smith 25 acre tract; The sale held pursuant to this Notice requested by the Holder so to do, and Atlanta, GA 30326 Alliance Financial Corp; and the under- thence North with said West line 290 may be rescinded at the Successor by virtue of the authority and power (866) 357-8501 signed, Wilson & Associates, P.L.L.C., feet to the point of beginning, contain- Trustee’s option at any time. The right vested in said Successor Trustee by File #: 019414 having been appointed Successor ing one acre more or less. is reserved to adjourn the day of the said Deed of Trust, will on January 07, Dec. 13, 20, 27, 2013 Fin11674 Trustee. ALSO KNOWN AS: 1411 Neal Road, sale to another day, time, and place 2014 at 1:00 p.m., at the usual and NOW, THEREFORE, notice is hereby Covington, Tennessee 38019 certain without further publication, upon customary location at the Madison NOTICE OF TRUSTEE’S SALE given that the entire indebtedness has This sale is subject to all matters announcement at the time and place County, Tennessee, Courthouse, sell at WHEREAS, default has occurred in the been declared due and payable; and shown on any applicable recorded plat; for the sale set forth above. W&A No. public outcry to the highest bidder for performance of the covenants, terms, that an agent of Wilson & Associates, any unpaid taxes; any restrictive cov- 1626-240288 cash (or credit upon the indebtedness and conditions of a Deed of Trust Note P.L.L.C., as Successor Trustee, by virtue enants, easements, or setback lines DATED December 9, 2013 secured if the lawful owner and holder dated November 9, 2009, and the of the power, duty, and authority vested that may be applicable; any statutory WILSON & ASSOCIATES, P.L.L.C., thereof is the successful purchaser), the Deed of Trust of even date securing the in and imposed upon said Successor rights of redemption of any governmental Successor Trustee following-described property: same, recorded November 13, 2009, at Trustee will, on January 29, 2014 on or agency, state or federal; any prior liens FOR SALE INFORMATION, VISIT WWW. BEGINNING AT AN IRON PIN IN THE Book T1871, Page 627 in Office of the about 10:00 A.M., at the Tipton County or encumbrances as well as any priority MYFIR.COM and WWW.REALTYTRAC. NORTH MARGIN OF ALPINE STREET, Register of Deeds for Madison County, Courthouse, Covington, Tennessee, o f- created by a fixture filing; and to any COM SAID PIN BEING AT THE SOUTHEAST Tennessee, executed by Larry L. Curlin fer for sale certain property hereinafter matter that an accurate survey of the Dec. 20, 27, 2013 Jan. 3, 2014 CORNER OF LOT NO. 29; RUNS THENCE and Sandra G. Curlin, conveying certain described to the highest bidder FOR premises might disclose. In addition, the Fin11676 WITH THE EAST LINE OF LOT NO. 29 property therein described to Pettigrew NORTH 02 DEGREES 30 MINUTES Law Firm as Trustee for Mortgage Elec- EAST 102.00 FEET TO AN IRON PIN, tronic Registration Systems, Inc., as THE NORTHEAST CORNER OF LOT NO. nominee for Assurity Financial Services, 29; THENCE SOUTH 87 DEGREES 30 LLC, its successors and assigns.; and MINUTES EAST 146.00 FEET TO AN IRON the undersigned, Wilson & Associates, PIN, THE NORTHWEST CORNER OF LOT P.L.L.C., having been appointed Suc- NO. 31; THENCE WITH THE WEST LINE cessor Trustee. OF LOT NO. 31 SOUTH 49 DEGREES NOW, THEREFORE, notice is hereby 11 MINUTES WEST 164.00 FEET TO AN given that the entire indebtedness has IRON PIN, THE SOUTHWEST CORNER OF been declared due and payable; and LOT NO. 31, ALSO BEING IN THE NORTH that an agent of Wilson & Associates, MARGIN OF ALPINE STREET; THENCE P.L.L.C., as Successor Trustee, by virtue WITH THE NORTH MARGIN OF ALPINE of the power, duty, and authority vested STREET FOLLOWING A CURVE HAVING in and imposed upon said Successor A RADIUS OF 40.00 FEET, A DISTANCE Trustee will, on February 13, 2014 on OF 32.00 FEET TO AN IRON PIN, THE or about 10:00 A.M., at the Madison POINT OF BEGINNING. BEING LOT NO. County Courthouse, Jackson, Ten- 30, SECTION II, OF THE FOREST HILLS nessee, offer for sale certain property SUBDIVISION, AS RECORDED IN PLAT hereinafter described to the highest BOOK 2, PAGE 193, IN THE REGISTER’S bidder FOR certified funds paid at the OFFICE OF MADISON COUNTY, TENNES- conclusion of the sale, or credit bid SEE, AND BEING THE REAL ESTATE from a bank or other lending entity pre- CONVEYED BY DEED OF MODERN MAID approved by the successor trustee. The HOMES, INC. A TENNESSEE CORPORA- sale is free from all exemptions, which TION, RECORDED IN THE AFORESAID are expressly waived in the Deed of REGISTER’S OFFICE IN DEED BOOK Trust, said property being real estate 271 PAGE 144. situated in Madison County, Tennessee, BEING THE SAME PROPERTY CONVEYED and being more particularly described TO MINNIE P. ANDERSON AND JAMES as follows: W. ANDERSON BY DEED RECORDED ON This being Lot 93 of Country Chase De- JUNE 21, 1972, IN DEED BOOK 274, velopment, Section I, a plat of which PAGE 235, IN THE REGISTER’S OFFICE appears of record in the Register’s OF MADISON COUNTY, TENNESSEE. THE Office of Madison County, Tennessee SAID JAMES W. ANDERSON CONVEYED in Plat Book 4, Page 364, reference to HIS ONE-HALF INTEREST IN AND TO THE which plat is made for a particular de- SUBJECT PROPERTY TO MINNIE P. AN- scription of said parcel of real estate DERSON BY DEED RECORDED ON MAY showing its location and the length 24, 1974, IN DEED BOOK 302, PAGE and direction of boundary lines. 14, IN SAID REGISTER’S OFFICE. ALSO KNOWN AS: 14 Countryway For informational purposes only, this Drive, Jackson, Tennessee 38305- property is commonly known as 89 Al- 9026 pine Cove, Jackson, TN 38301, Parcel This sale is subject to all matters ID 078C E 013.00. shown on any applicable recorded plat; The property shall be free from all right any unpaid taxes; any restrictive cov- and equity of redemption, statutory or enants, easements, or setback lines otherwise, homestead, dower, curtesy, that may be applicable; any statutory elective share, and all other exemptions rights of redemption of any governmental that are expressly waived in said Deed of agency, state or federal; any prior liens Trust, and the title is believed to be good, or encumbrances as well as any priority but the Successor Trustee will sell and created by a fixture filing; and to any convey only as Successor Trustee, “as matter that an accurate survey of the is” and “where is” and without covenants premises might disclose. In addition, the of seizin or warranties of title. following parties may claim an interest in Listing of Subordinate Lienholders: the above-referenced property: Larry L. The City of Jackson, a Tennessee. Curlin; Sandra G. Curlin; Gault Financial, Municipal Corporation LLC assignee of HSBC/Orchard Bank Listing of Other Interested Parties: The sale held pursuant to this Notice N/A may be rescinded at the Successor This sale is subject to liens; easements; Trustee’s option at any time. The right encumbrances; property taxes; rights of is reserved to adjourn the day of the redemption of taxing entities; all mat- sale to another day, time, and place ters shown on any recorded plan(s) or certain without further publication, upon plat(s); any unpaid taxes; any restrictive announcement at the time and place covenants, easements or setback lines for the sale set forth above. W&A No. that may be applicable; any statutory 1286-241919 rights of redemption of any governmental DATED December 16, 2013 agency, state or federal; any prior liens WILSON & ASSOCIATES, P.L.L.C., or encumbrances as well as any priority Successor Trustee created by a fixture filing; any matter that FOR SALE INFORMATION, VISIT WWW. 30 December 20-26, 2013 www.thememphisnews.com

opinion

Make Roads Work Some Social Media For Our Communities Predictions for 2014

here roads are Mississippi and beyond. If you’ve found yourself on the traffic and sales. built, develop- While much of the impact of these sidelines, hesitant to commit to Fragmentation is occurring in ment follows. road projects is about the movement of social media until now, it’s time to social media as younger people Sometimes goods in and out and through Mem- get in the game. Social media is continue to move away from the roads are phis, that is not the case with at least here for the long haul, and every Facebook to sites like SnapChat, built in antici- one that is still in the planning stage. day that you delay, you’re losing Instagram and Tumblr. It’s a pationW of development. Sometimes The now roundabout Interstate 55 market share and handing your double-edged sword for market- they are built to spur development. interchange just east of the Memphis- competitors a coveted competi- ers. While brands must develop It is fair at times to question which Arkansas bridge will allow for more tive advantage. Lori turner- custom content for a wider comes first. than one lane of access to Interstate 40. Now is the time to inte- wilson variety of channels, they have Either way, that development can But the roundabout will also make pos- guerrilla sales grate social media into your and marketing an unprecedented opportunity and should take many forms that work sible better access to the French Fort overall marketing strategy as to target various segments of the for the communities as well as the busi- neighborhood and, with it, the Harahan a source of lead generation, referral traffic marketplace. nesses near the new paved surfaces, Rail Bridge boardwalk for pedestrians and even direct revenue. Like most techno- Brands will begin to rethink the typical interchanges, flyover ramps and other and bicycles. logically driven tools, social media sites are corporate brand website in lieu of “social infrastructure. Construction is expected to begin constantly evolving, so you must stay cur- websites,” where social-media-type inter- The process for road projects still in the spring on the I-40/Canada Road rent to remain relevant. Watch for these top activity with visitors is seamlessly incorpo- takes entirely too long. Years elapse interchange in Lakeland. predicted social media trends in 2014. rated into site functionality, encouraging And close behind the roadwork will between hearings and in that time Google+ is destined to become a more greater engagement. the conditions around the proposed be Gilad Development’s plan for a new significant factor. While Facebook contin- Digital marketers are shifting gears away road are almost guaranteed to change Lakeland Grand Outlets Mall where the ues to be the Goliath of social media sites, from traditional online banner ads in favor of substantially. old Lakeland Outlet Mall now stands Google+ is picking up steam, now boasting social media promoted posts and newsfeed The best example of that is the unused. the second highest number of monthly us- ads – called native ads – which are generat- Shelby Farms Parkway, which has been At year’s end, Lakeland’s local lead- ers. Just one of the reasons for its growing ing higher engagement levels. in the public hearing phase for about ers were assembling an incentive pack- popularity is its impact on search results, as Social networks will begin offering 30 years. age to support the mall project which Google search favors Google+ postings. shopping cart functionality, allowing users Since the extension of Kirby Park- would have the kind of interchange that What a difference a year can make. With to more easily purchase products that they way became a state road project, Shelby is now almost required for any kind of see on the spot. Farms Park, a major urban park, has new retail development. social media sites Facebook, Twitter and In- Consumers will increasingly turn to been more fully developed and used as With some of the roads that are stagram adding location-based functional- social media versus the phone for their cus- a park than many could have imagined. coming off the drawing board and into ity, former social media darling FourSquare tomer service needs, expecting brands to Some backers of the park and its reality come shifts in retail as well as struggles to find relevance with its users. be readily available. If retailers in particular expansion question whether the exten- populations. Short of a fourth quarter Hail Mary pass, don’t step up to the plate accordingly, buy- sion should be pursued. That’s why it is even more essential FourSquare is likely to fold or get purchased ers will quickly shift to a brand that will. The improvements to Lamar for public planning at the local level by a rival. Tweet @loriturner and @memphisdaily Avenue, the city’s major freight cor- that takes into account life for those Pinterest and other image-centric sites to share your own social media predictions ridor, have languished for too long communities as well. will continue to grow in relevance, expand- to the point that it has become a big Where these roads go is important. ing their reach beyond women to attract a for 2014. enough problem to become a factor in Just as important is the communities broader target. More retailers will appreci- Lori Turner-Wilson is CEO/Founder of the growth of distribution centers and these roads go through on their way to ate the importance of providing the market RedRover, a sales training and marketing warehouses south of the state line with their destination. with sharable imagery as a way to drive Web firm based in Memphis.

Christmas Comes Home With Story From Afar

barriers, say, American vs. English. Ask that at the time. Both brothers were larger world. Still tied to each other. Still to see some pants, as I did at Harrods, living in greater London, Jim in Kensing- tied to home. and a prig in a morning suit will show ton and Frank in Barnes, a town on the Whatever your faith, whether you you a table full of underwear. “Oh, you Thames not far from the city. believe this is a time of anticipation and must mean trousers,” he sardonically It was time to come home. arrival, or of reflection or celebration, MEMPHASIS oozed. In Barnes, I was introduced to a tiny, or of renewal or recognition – or all of dan conaway It was time to learn about time. ancient pub not even on a road, acces- those – I believe it’s a time to look inside Walking by six churches 300 years old sible only by footpath between houses. to places only you can visit, to look at CHRISTMAS TIME to visit one 900 years old. Throwing darts, it was my turn to buy. the paths traveled and at those who’ve Every Christmas I tell this story, and Visiting Shakespeare at Stratford After working my way to the crowded shared the journey then and now, and in the telling Christmas comes home. and Henry at Hampton. Standing on bar and leaning in to order my pints, I to know, truly know, you are not alone. It was my first time to England stone steps at Oxford with Dad, and put- heard someone say, “Danny?” There, at Christmas time, I can find love. and overseas, and prime time for The Beatles, The Rolling Stones and Soho. ting our feet where so many have gone In a small town outside of London, And peace. And hope. It was time to discover pubs, and before that they weren’t so much steps in a pub known only to locals, I found I’m a Memphian, and I wish for you Scottish eggs, bubble & squeak and anymore but troughs, worn down by myself standing next to someone I was and yours all that you wish for your- spotted dick. Time to discover that bit- their witness to centuries. in the third grade with at Memphis State selves this Christmas and in the coming ter, served warm, is twice as strong as It was Christmas time. Training School and hadn’t seen since year. our brew, that a British pint holds 20 oz. It was the last Christmas all three he’d moved away in the middle of that instead of our 16, and all of that explains sons would share with our parents, al- school year. Dan Conaway is a lifelong Mem- why your knees don’t work after three though none of us knew that at the time, A lifetime ago, across oceans and phian, longtime adman and aspiring of them. and the last Christmas I would be single, centuries, my family and I shared a local character in a city known for them. It was time to learn about language and I guarantee neither Nora nor I knew Christmas I will never forget. Tied to a Email: [email protected]. www.thememphisnews.com December 20-26, 2013 31

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Reviving 5,000 Years of Civilization

ALL-NEW SHOW ACCOMPANIED BY SHEN YUN ORCHESTRA

“Beautiful! A nimble mastery.” — Chicago Tribune

“I was in heaven watching it!” — Andrea Huber, dance critic

AERIAL MASTERS Experience The Shen Yun Orchestra FROM BATTLEFIELDS TO IMPE- RIAL PALACES. Classical Chinese dance has a history of thousands of years, sharing a common ancestry with martial arts. Over the centu- ries, this ancient dance system was enriched with each dynasty’s wisdom and aesthetic principles. Its dramatic jumping, spinning, and tumbling techniques are just a part of the vast repertoire of movements that make up classical Chinese dance. It is one of the most demanding and expres- sive art forms in the world.

Experience what dance can be.

“Flawless! The bowl dancing, the music, everything, I don’t know what else to say except that I’m extremely impressed. ” — Johnny Stuart, Music Director

“This show demonstrates the deep, deep, deep “I firmly believe that world peace is possible only artistic soul of China.” when the entire world has seen this show.” — Anthony Daniels, Star Wars Actor — Bo Hi Pak, President of the Korean Cultural Foundation

JAN 4-5, CANNON CENTER for the Performing Arts Online: ShenYun.com/Memphis | TicketMaster.com Phone: 866.818.7844 | 888.974.3698 | Box Office: 901.576.1269 Ticket Price: $120, $110, $100, $80, $60, $50