April 12-18, 2013, Vol. 6, Issue 16 Emphasis: Residential Real Estate

Home sales are on the rise, while the countywide property reappraisal process has confounded homeowners. PAGE 14

Shelby • Fayette • Tipton • Madison

In Need of ReliefPAGE 20 Ownership, ballpark issues again surround Redbirds as season opens

Photo: Lance Murphey Chad Huffman of the Memphis Redbirds warms up before taking the field. The St. Louis Cardinals are looking into buying the Redbirds, but the city will need to be involved.

28 Community Consumer demand for locally grown food has spurred growth at farmers markets, which are cropping up all over Memphis. But profitability can be challenging for the operators who run the markets.

weekly digest: page 2 health care: page 10 sports: pages 12-13 law talk: page 24 EDITORIAL: page 34

A Publication of The Daily News Publishing Co. | www.thememphisnews.com 2 April 12-18, 2013 www.thememphisnews.com

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Fred’s Key Revenue Figure City Council member Shea Flinn the common good. already hold. Falls 3 Percent in March pitched the idea to commissioners last Kyle is from Murfreesboro, and after he But Bengel said the state must fiercely month in exchange for the city continuing graduates he hopes to clerk for a judge for compete with private industry and a scar- Discount retailer Fred's Inc. said Thurs- to fund Memphis police officers in Mem- one year. After that, he wants to work in city of information technologists. day its March revenue at stores open at phis schools after city and county public elder law, bankruptcy or for a government least a year fell 3 percent, hurt by unsea- schools are consolidated. agency. sonably cool weather and a timing shift in Luttrell said the animal shelter used by the Easter holiday. county government is privately operated. Raymond James Adds The drop was bigger than Wall Street Fellman as Senior Vice Pres. expected. Analysts polled by Thomson State Info Technologists Reuters expected a decrease of 1.7 percent. Must Apply to Keep Jobs Ted Fellman has joined Raymond The metric is a key measure of a retailer's Indie Memphis Offers James as a senior vice president in the health, because it excludes revenue at Four Swedish Films Information technology employees of firm’s public finance group. stores that recently opened or closed. state government must re-apply for their Fellman, who is based in Nashville, has Total sales for the five-week period Indie Memphis is offering four Swedish jobs. had an extensive career in state govern- ended April 6, fell 2 percent to $190.4 mil- films next month as part of Memphis in The administration of Gov. Bill Haslam ment, including serving 18 years with the lion from $194 million. May’s salute to Sweden. has told IT workers statewide to submit Tennessee Housing Development Agency. Fred's said that as expected, cooler- The series, named "Sweden @ 24 FPS" applications if they want to keep the jobs His work with that group included stints than-usual weather in many parts of the in reference to the 24 frames-per-second they currently fill. as executive director and chief financial country and the timing of the Easter holi- speed at which 35mm film is projected, State government IT chief Mark Bengel officer. day reduced March sales at its lawn and will be held over four consecutive Wednes- told The Tennessean the aim is be certain Fellman also is a certified public ac- garden and seasonal departments. days in May at Malco’s Studio on the that workers' skills match the state's needs. countant and certified government finan- The company's pharmacy depart- Square. "This is really not about getting rid cial manager. ment got a boost from strong prescription All films in the series will be presented of people," Bengel said Wednesday. "It's In other Raymond James news, the growth, but those gains were offset by from 35mm film prints. about making sure that we do have the company in the first quarter was the lead- the continued shift toward generic drugs, The series will open on May 8 with skills and we have the ability to develop ing underwriter of municipal bonds in which resulted in lower overall pharmacy “The Seventh Seal,” followed by “Wild and retain staff in the future." Tennessee, according to municipal bond sales. The company said it expects that Strawberries” on May 15. After that is Haslam told the newspaper last year information service Thomson Reuters. trend to continue throughout most of the “Beyond” on May 22 and “Sound of Noise” that some state computer systems were "in In 2012, the firm was the ninth-leading year. on May 29. the ditch." underwriter nationally of municipal For the first two months of fiscal 2013, Each film will be shown twice, at 7 p.m. The governor has established an office bonds, serving as senior manager on 748 revenue at stores open at least a year fell and 9:15 p.m. Tickets are $8 each and are to centralize IT expertise. issues with a par amount of $12.1 billion. 2.3 percent, while total sales edged down available in advance at indiememphis. Last year, the administration was suc- In senior led and co-managed issues in 1 percent to $349.4 million from $352.9 com/sweden. cessful in steering through a legislative bill 2012, Raymond James completed 1,250 million. Indie Memphis members will have free that rewrote civil service rules, allowing transactions with a total par amount of Fred's operates 713 stores, including 21 admission with their Indie Memphis mem- the state to lay off employees based on job $86.9 billion, representing more complet- franchised stores, in the southeastern U.S. bership card, as seating permits. performance, instead of straight seniority. ed transactions than any other firm in the All four films will be presented in According to a state Office of Informa- nation, according to Thomson Reuters. Swedish with English subtitles. tion Resources memo obtained by The Tennessean, each state agency with IT Luttrell Doesn’t Want operations "will receive a draft, standard- Memphis Animal Shelter ized organizational structure that has been Justice Department Seeks Kyle Awarded Wilder aligned with the mission of the agency. To Close Mo’ Money Taxes Shelby County Mayor Mark Luttrell Law School Scholarship This draft organizational structure will be said Wednesday, April 11, he is not interest- populated with newly created IT job clas- The U.S. Justice Department is seeking ed in making the Memphis Animal Shelter Glen Alan Kyle is the 2013 recipient of sifications." a permanent injunction in federal court to a county government operation. the first BankTennessee John S. Wilder Law The memo specifies that state IT work- stop Mo’ Money Taxes from doing busi- Luttrell was asked by County Commis- School Scholarship. ers who meet minimum qualifications are ness. sioner Chris Thomas about the swap being The scholarship is named in memory eligible to apply and be interviewed for the The complaint for a permanent injunc- proposed by several Memphis City Council of former Tennessee Lt. Gov. John Wilder, a new classifications. tion against the company under several members. former vice chairman of BankTennessee’s "Technology is moving so fast that corporate names it uses as well as the three Luttrell said neither he nor Memphis board of directors and one of the founders skills are obsolete in the blink of an eye," partners who own the businesses was filed Mayor A C Wharton Jr. have been con- of the bank. The endowed scholarship is Bengel said. Tuesday, April 9, in the U.S. District Court sulted in the talks between the council and awarded annually to a University of Mem- Robert O'Connell, executive director for the Western District of Tennessee. The commission. phis third-year law student and Tennessee of the Tennessee State Employees Associa- 53-page civil action prepared by the tax “Do I want the animal shelter? No,” resident who has demonstrated a commit- tion, said it is stressful to IT workers who division of the U.S. Justice Department Luttrell told commissioners. ment to public service and to enhancing are being forced to re-apply for jobs they alleges those hired by the Mo’ Money com-

THE 35TH ANNUAL Superman Celebration JUNE 6 - 9, 2013

For more information, call the Metropolis Chamber of Commerce at 800.949.5740 or at www.supermancelebration.net or www.metropolistourism.com

SUPERMAN and all related characters and elements are trademarks of and © DC Comics. (s13) www.thememphisnews.com April 12-18, 2013 3

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The Memphis News | almanac panies to prepare tax returns for others or everything except packages as a way to who have a licensing agreement with one hold down losses. of the companies are not required to have But that announcement was a gamble. APRIL 12-18 any tax preparation experience or training. The agency essentially was asking Con- This week in Memphis history: The civil action also questions the gress to drop from spending legislation the preparation the companies give those who longtime ban on five-day-only delivery. >>>>> 2012: The largest solar farm in the state opened in Haywood County become licensees after paying money to Congress did not do that when it passed a along Interstate 40. The West Tennessee Solar Farm has 21,000 solar use the tax preparation software. spending measure last month. panels, and its opening in Haywood County came one day after Ag- “By including restrictive language ... ricenter International formally opened its solar farm, a 998,400 watt Congress has prohibited implementation photovoltaic system on five acres. of a new national delivery schedule for Young Professionals Group mail and package,” the postal Board of >>>>> 1993: Dyersburg Judge David W. Lanier was sentenced to 25 years Hits One-Year Mark Governors said in a statement Wednesday. in prison without parole by U.S. District Judge Jerome Turner after a “Although disappointed with this con- jury convicted him on federal sexual harassment and sexual assault The Germantown Young Professionals gressional action, the board will follow the charges. group that’s associated with the German- law and has directed the Postal Service to town Area Chamber of Commerce recently delay implementation of its new delivery >>>>> 1970: Led Zeppelin performed to a sell-out crowd at the Mid-South celebrated its one-year anniversary. schedule until legislation is passed that Coliseum. Before the show, the band and its entourage, including man- The young professionals group was provides the Postal Service with the au- ager Peter Grant, got a proclamation from Mayor Henry Loeb. Coliseum founded on Feb. 8, 2012. It holds monthly thority to implement a financially appro- managers threatened to shut down the show before it started, prompt- mixers and social networking events priate and responsible delivery schedule,” ing Grant to call them at least one explicit epithet and tell them the throughout the year as well as professional it said. mayor gave the band keys to the city. development luncheons featuring local The board made the decision in a –Source: “Hammer of the Gods” by Stephen Davis business leaders. The group also organized closed meeting Tuesday. two drives this past year in support of Lit- >>>>> 1960: The Chicago White Sox and Cleveland Indians played an exhi- eracy Mid-South and the Mid-South Food bition baseball game at Russwood Park. In the sixth inning, Cleveland Bank, and group members participated in star Rocky Colavito walked. Indians manager Joe Gordon called Colavi- the Annual Gobble Wobble 5K Race and Memphis Makes to to the dugout from first base and told Colavito he had been traded to the Germantown Holiday Parade. Top 15 ‘Termite Towns’ Detroit. That night the wooden ballpark, which had been the home for They also assisted with several Ger- decades to the Memphis Turtles and then the Memphis Chicks baseball mantown chamber events including the Memphis-based Terminix has ranked teams, burned to the ground. Annual Golf Tournament and Taste of the Memphis in its top 15 metro areas with the –Source: “Baseball in Memphis” by Clarence Watkins Town fundraiser. highest probability of termite swarms. With a current membership above The rankings, topped by Atlanta, are 100, the group is open to members of the based on termite service calls to Terminix Germantown chamber who are between from 2011 and 2012 and balanced with 22 and 40. population density statistics. Memphis ranked 15th on the top 15 list. Nashville was 11th. The Memphis-based paper company Paper has a large presence there. Some The swarms are when termites leave and Dogwood Alliance said they will map environmental experts point to deforesta- Post Office Retreats On their colony to find mates and begin estab- areas around International Paper’s south- tion as an element of climate change, and Eliminating Saturday Mail lishing new colonies. With a cool spring so eastern operations to identify endangered conservation groups have pushed paper far, the swarms have been delayed a bit in forests or places where conservation of companies to change the way they harvest The U.S. Postal Service backed down many parts of the country. natural resources is vital to environmental wood. from its plan to eliminate Saturday mail Terminix is one of the brands that is health. Dogwood has been critical of Inter- delivery because Congress barred it, of- part of Memphis-based The ServiceMaster The agreement between International national Paper in the past, claiming the ficials said Wednesday. Co. Paper and Dogwood, a longtime critic company has supported and funded de- But its governing board said it’s not of the company, also includes a plan to structive forestry practices such as logging possible for the financially ailing agency to discourage the conversion of natural hard- endangered forests, draining wetlands and meet cost-cutting goals without altering its wood forests to pine plantations. converting natural forests to tree planta- delivery schedule. Delaying “responsible International Paper The first step will be a pilot project to tions. changes,” the board said, only makes it Takes On Forest Protection map forests around the company’s mill in Dogwood pressured International Pa- more likely that the Postal Service “may Riegelwood, N.C. The partners will then per by securing deals from the company’s become a burden” to taxpayers. International Paper Co. and a forest try to apply the mapping practices to other larger customers, such as Staples and The Postal Service said in February conservation group announced a plan paper-producing areas in the region. Office Depot, to adopt paper procurement that it planned to switch to five-day-a- Wednesday to protect endangered forests The South is one of the world’s largest policies that would change the company’s week deliveries beginning in August for in key paper-producing areas of the South. paper-producing areas, and International practices.

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One of Dogwood’s goals is to develop just 2.8 percent more than in January. And Sales at the wholesale level rose 1.7 The court, headed by General Sessions more sources of paper and wood products hiring remains lower than it was a year ago, percent, the most since November. The Criminal Court Judge Bill Anderson, is one that are certified to the high standards of when it reached 4.49 million. increase was led by large gains in gasoline, of two freestanding courts in the state that the Forest Stewardship Council. Economists point to several likely clothes and computers. focus on a docket of offenders who are In addition to the partnership an- reasons for the disparity between a surge Shrinking stockpiles weigh on eco- military veterans or are currently serving in nounced Wednesday, International in job openings but only a modest rise in nomic growth because it means factories the military. Paper also has announced a $7.5 million, hiring. Many unemployed workers may are producing fewer goods. But a jump in The courts, including the one in Mont- five-year project with the National Fish lack the skills employers want. Some com- consumer spending in February suggests gomery County, specialize in long-term, and Wildlife Foundation to restore and panies may not be offering enough pay. companies will have to build their stock- multi-phased programs for offenders who conserve forests in the Coastal Carolinas, And recruiting and staffing firms say piles faster in the coming months, which are a high risk to repeat their offenses. With Cumberland Plateau, and the piney woods some employers seem reluctant to fill jobs should spur more growth. a judge supervising and a follow-up staff regions of Texas and Arkansas. until they find what they regard as perfect Sluggish growth in stockpiles was a key that supervises an intensive intervention, International Paper said it’s important candidates. reason the economy barely grew in the the court targets veterans with mental to engage critics as part of its process to U.S. hiring slowed sharply in March, October-December quarter. But econo- health issues and/or substance abuse is- improve the company. despite the increase in job openings the mists are looking for a significant rebound sues. previous month. Employers added only in business restocking this year, helped by The Montgomery County court also 88,000 jobs last month, the government a resilient consumer that has continued to received a $20,000 grant from the state reported Friday. That was the fewest in spend despite paying higher taxes. commission. Hope House Operating nine months and nearly half the pace of Most economists expect growth accel- The funding comes from late fees At Half Capacity the previous six months. erated in the January-March quarter to an attorneys pay for not completing their Some companies may also have slowed annual rate of more than 3 percent. That continuing legal education requirements Hope House, a Memphis nonprofit that hiring after steep government spending would be a vast improvement over the 0.4 on time. The commission has earmarked a assists children and families impacted by cuts began taking effect March 1. Those percent growth in the final three months total of $100,000 from the fund in incen- HIV and poverty, is operating at half capac- cuts are expected to shave about a half- of 2012. tives for courts across the state to get train- ity due to lack of funding. point from economic growth this year. ing and administrative support to try such Last year, 65 area children were born There were 3.1 unemployed people, courts and dockets. HIV-positive, making them eligible to on average, for each opening in Febru- receive Hope House services. But without ary. That exceeds the roughly 2-to-1 ratio County Veterans Court funding, all 65 children may not be able to typical of a healthy economy. But it’s down Receives $20,000 Grant receive the early childhood education that sharply from a peak of 6.7 in July 2009, the UPS Appeals Decision could have a major impact on their lives, highest in the 12 years the government has Shelby County’s Veterans Court is get- Against TNT Deal says Craig Locke, director of development tracked the data. ting a $20,000 grant from the Tennessee at Hope House. Still, until employers start filling jobs Commission on Continuing Legal Educa- United Parcel Service Inc. is appealing The nonprofit was recently reaccred- more quickly, the ratio of unemployed tion and Specialization, the commission a European regulator’s ruling that blocked ited by the National Association for the people to openings may overstate the announced Monday, April 8. UPS’ attempted purchase of Dutch deliv- Education of Young Children to continue health of the job market. providing early childhood education services.

US Wholesale Stockpiles Fell 0.3 Percent in February Companies Post More Jobs But Fill Them Slowly U.S. wholesalers cut their restocking in February by the most in 17 months. But U.S. employers advertised the most job their sales jumped, suggesting companies openings in nearly five years in February, underestimated consumer demand. but they boosted hiring at a much slower The Commerce Department said pace. The figures suggest that companies Tuesday that stockpiles at the wholesale remain too cautious about the economy to level declined 0.3 percent in February. That quickly fill open jobs. followed a 0.8 percent increase in January, The number of openings rose 8.7 which was revised lower. percent in February from January to a The decline was the first in eight seasonally adjusted 3.93 million, the Labor months and the biggest since September Department said Tuesday. That was the 2011. Farm products and gasoline led the most since May 2008. drop. Agriculture stockpiles have fallen in At the same time, companies hired a recent months because of a drought in the seasonally adjusted 4.4 million people, Midwest.

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ery company TNT Express. Six Tennessee Airports UPS believes the ruling was based on Nab Aeronautics Grants “legal and factual errors,” and it doesn’t FROM THE BLOG want antitrust regulators to use the deci- Six Tennessee airports will be getting sion as a precedent for any future acqui- federal and state aeronautics grants total- sitions, company spokeswoman Peggy ing more than $281,000. Memphis Music at the White House Gardner said Monday. The state Transportation Department UPS withdrew its $6.7 billion offer for announced last week that grants will be Editor’s Note: “From the Blog” is a weekly feature that highlights TNT in January. Gardner said the decision going to McKellar-Sipes Regional Airport to appeal the European Commission’s in Jackson, McGhee Tyson in Knoxville, some of the enterprising work our staff and contributors post on The ruling shouldn’t be seen as a precursor to General DeWitt Spain in Memphis, Mil- Daily News blog, blog.memphisdailynews.com. a new bid. lington Regional Jetport, Savannah-Hardin “This is not any sort of signal about County Airport and Gatlinburg-Pigeon ANDY MEEK | The Memphis News TNT,” Gardner said. Asked if UPS had Forge Airport in Sevierville. t’ll be a Memphis music night at the White House this week. ruled out a new offer for TNT, she replied, The grants are made available through “We don’t ever speculate on future acquisi- the department’s aeronautics division. IPresident Barack Obama and the first lady as part of their “In tions.” It administers federal and state funding In blocking the UPS bid for TNT, regu- to assist in the location, design, construc- Performance at the White House” series, have invited a host of lators said it would have resulted in insuf- tion and maintenance of the state’s public stars to perform in celebration of Memphis soul music. ficient competition and higher prices for aviation system. delivering small packages. The European Performers for the concert, which will be broadcast April 16 Union’s antitrust chief, Joaquin Almunia, at 7 p.m. Central Daylight Time on PBS stations, include Justin had said that regulators were still discuss- ing potential concessions from UPS to Regions Bank Moves Timberlake, Al Green, Queen Latifah, Alabama Shakes, Steven salvage a deal when UPS dropped its bid. West Tennessee President The takeover of TNT would have been Cropper, Mavis Staples, Charlie Musselwhite and Booker T. the largest ever for Atlanta-based UPS. Regions Bank has moved Joe DiNicol- Jones as band leader. antonio, the bank’s West Tennessee area president, to be the head of a new business The performance will be streamed live Tuesday, April 9, at line. www.whitehouse.gov/live starting at 5:55 p.m. CDT. Faith Leaders Urge DiNicolantonio is now leading Regions’ Use of Medicaid Money new Business and Community Banking Related to this, Michelle Obama is hosting a daytime event Division, which will focus on providing a for students on “Soulsville USA: The History of Memphis Faith leaders from across the state are variety of banking, lending and advisory urging Gov. Bill Haslam and state law- services to businesses with up to $20 mil- Soul.” makers to accept $1.4 billion in Medicaid lion in sales. money if the federal government doesn’t Regions previously managed busi- approve an alternate plan for Medicaid ness and community banking, including expansion in Tennessee. small business, as part of the company’s About 15 clergy were at the state Capi- business services group. The new division tol on Monday delivering 133 baskets of will allow Regions to increase its focus on loaves and paper fish to the offices of each serving small-business customers through of the legislators and the governor. both branch and relationship-managed They say the loaves and fish are sym- channels. PUBLIC AUCTION bolic of the story of Jesus feeding the mul- DiNicolantonio joined Regions in 1998 titude, and that the Republican governor and has held a number of leadership roles can use the money to ensure thousands in the retail and small-business banking have health insurance. areas. As West Tennessee area president, Haslam has excluded the Medicaid ex- he had oversight for the bank’s retail, pansion money from his budget proposal commercial, middle market and small- Huge 2 Day Sale this year, but says he’s in pursuit of a spe- business banking activities throughout cial deal that could be struck at any time. Memphis and surrounding communities. April 17 & 18 10am CDT Omnova Solutions Federal Cuts Blamed For Majority of Election 133 Yorkville Rd. East, Modest Tenn. Retail Activity Commission Reappointed Columbus MS, 39702 State Finance Commissioner Mark The Shelby County Election Commis- Open Inspection 4/16 9am – 4pm Emkes says federal spending cuts and tax sion looks much the same with the recent hikes are to blame for a dip in consumer appointment of local election commis- confidence in Tennessee. sioners by the Tennessee Election Com- Items to be Sold Include: Huge Selection of Emkes in a release Friday said March mission. sales tax collections, which reflect spend- Democratic legislators from Memphis Fork Lifts, Gigantic Quantities of Recoverable Metals, ing activity in the previous month, came in recommended replacing local Democratic Printing/ Embossing Machinery, A Complete Machine $2.8 million below estimates. election commissioner George Monger Shop, Bridge Cranes/ Hoists, Bearings, Pumps/ Motors, That’s a growth rate of just 0.1 percent, with Anthony Tate and retaining fellow Valves, Electrical, Air Handling, Tanks/ Silos, Racking of All well below the 1.8 percent growth rate Democrat Norma Lester on the five-mem- Kinds and Sizes, Office Furniture and SO MUCH MORE!!!! posted through the first eight months of ber body. the budget year. Republican legislators from Shelby Auction Managed By: Emkes said the 2 percent hike in the County recommended keeping all three federal payroll tax in January and budget Republican election commissioners – Dee 102 East Springfield Ave cuts have caused “temporary erosion in Nollner, Steve Stamson and Chairman Union, Mo 63084 consumer confidence.” Nearly two-thirds Robert Meyers. 866.842.5280 of the state’s general fund revenue is de- The state Election Commission fol- MS License Numbers rived from sales tax dollars. lowed through with those actions for new Paul Colvin Auctioneer 367 The general fund was bolstered by terms that began April 1. Every election SBMA Firm 1368F strong corporate taxes, as franchise and commission has three Republicans and www.sbmac.com excise tax collections beat projections by two Democrats reflecting the Republican $35 million. majorities in the Tennessee legislature. 6 April 12-18, 2013 www.thememphisnews.com

contributors APRIL 12-18, 2013, VOL. 6, NO. 16 news

HEALTH CARE & BIOTECH

President & CEO bill dries Senior Reporter Study: Health Claim Peter Schutt

Government, Education, Manufacturing, Agribusiness General Manager Emeritus 528-5277 | [email protected] Ed Rains Costs Could Soar Publisher Eric Barnes JENNIFER JOHNSON BACKER | The Memphis News

Associate Publisher & Executive Editor James Overstreet

Managing Editor Actuaries group looks at effects of Obamacare Lance Allan Wiedower

Deputy Managing Editor andy meek edical claims costs could jump Rainey, Kizer, Reviere and Bell PLC in Eric Smith Senior Reporter 32 percent nationally by 2017 Memphis, says previous Tennessee laws Banking/Financial Services/Accountants, Markets & Economy, M for individual policies under allowed denials for pre-existing conditions Associate Editor Economic Development, Small Business the Affordable Care Act health care law, ac- and pricing disparity for other factors like Kate Simone 528-5279 | [email protected] cording to a study released recently by the age. Society of Actuaries. “You can see that the underwriting Graphic Designer & Photo Editor Brad Johnson While some states will see medical we’ve been dealing with in Tennessee has claims costs slump, the study by the group been totally different than the underwrit- Graphic Designer & Illustrator of financial risk analysts found that 43 ing that has been going on in blue states,” Emily Morrow states will see increased premiums in their he said. individual health insurance market, where The Affordable Care Act restricts insur- Senior Production Assistant people purchase health insurance on their ers from denying coverage to Americans Sandy Youngblood own. with pre-existing health conditions and The research estimates that of the 52.4 varying premiums based on an individual’s Production Assistant Laurie Beck jennifer JOHNSON backer million Americans who would not have health status. To help with rising costs REPORTER had health insurance, about 32.4 million from adding sicker people to the individ- Advertising Director Health Care/Biotech, Transportation/Distribution/Logistics, will gain coverage if all provisions of the ual insurance market pools, the new law DON FANCHER Attorneys/Courts/Civil Litigation, Nonprofits Affordable Care Act are implemented 528-8622 | [email protected] next year. Senior Account Executive JANICE JENKINS The Affordable Care Act’s impact on costs has been a major issue since Account Executive the law was passed in 2010 and has re- LUCY BLACKMON mained contested just months before the new health insurance markets roll Business Development Manager out on Oct. 1. Patricia mckinney In Tennessee, the study found that individual health care premiums could Director of Marketing DONNA WAGGENER gain 46.4 percent by 2017 as more DON WADE SPORTS COLUMNIST people join the individual health insur- Controller/Human Resources ance pools. A separate model found PAM MALLETT [email protected] that individual health premiums in Illustration: Shutterstock Tennessee would rise by 43.4 percent Administrative Specialist without the Medicaid expansion. provides premium and cost-sharing subsi- MARSHA PAYNE In states like Alabama, the research dies for lower-income Americans. Individ-

Circulation Coordinator predicted a 60.3 percent increase, while uals who do not purchase health insurance KAYE KERR states like New Jersey can anticipate a 1.4 coverage will pay a tax penalty. Employers percent decline in premium costs. with more than 50 employees who do not Production/Distribution Manager Officials in some states and the Obama offer coverage also will pay a fine. JOHN BUESCHER Administration disputed the analysis, The Society of Actuaries report did saying it was based on flawed data and de- not make estimates for employer or group Pressman CEDRIC WALSH LANCE MURPHEY sign. Critics also said the Society of Actuar- plans, which provide the majority of cover- PHOTOGRAPHER ies study left out key cost relief strategies age in the U.S. That’s because people who

Pressman Weekly features, spot news such as tax credits to help people purchase don’t have health care coverage at their PETE MITCHELL [email protected] policies and the possible price-cutting jobs will be the most impacted by the Af- impact of increased competition. The fordable Care Act. The majority of those To reach our editorial department, e-mail: study also did not fully model the differing individuals will be required to purchase [email protected] or call: 901-523-1561 Published by: results from states that decide to expand insurance through individual health insur- THE DAILY NEWS PUBLISHING CO. Medicaid, and those like Tennessee, which ance markets. The study anticipates that 193 Jefferson Avenue Memphis, TN 38103 have declined the law’s Medicaid expan- the size of the individual market will more P.O. Box 3663 sion. than double, an increase driven in part by Memphis, TN 38173-0663 Tel: 901.523.1561 The pricing disparities between states people who are below 200 percent of the Fax: 901.526.5813 The Daily News is supportive, including in are complex, but the Society of Actuaries federal poverty line joining the market. www.memphisdailynews.com some case being on the boards of, the following report said, on average, states that will see “This group of people are considered The Daily News is a general interest organizations: Literacy Mid-South, Grace St. newspaper covering business, law, Luke's Episcopal School, Wolf River Conservancy, large increases generally have low cur- to be ‘good risks’ and are generally expect- government, and real estate and Ronald McDonald House, Great Outdoors rent individual costs, and those showing ed to bring down average costs,” said Kristi development throughout the Memphis University, Tennessee Wildlife Federation, metropolitan area. Temple Israel, St. Jude's, St George's decreases have high current individual Bohn, a consulting health staff fellow at the Independent Schools, Shelby Residential & costs. Other state-by-state disparities Society of Actuaries. “But other changes in The Daily News, the successor of the Daily Vocational Svcs, Shelby Farms Park, Calvary Record, The Daily Court Reporter, and The & The Arts, Bridges, Boys & Girls Club of can be attributed to Medicaid expansion, composition of the individual market will Daily Court News, was founded in 1886. Greater Memphis, Binghampton Development whether or not the state sponsored a sepa- more than offset these lower costs, and in Corporation, U of M Journalism Dept., Chickasaw AUDIT PENDING Council Boy Scouts, Memphis Leadership rate high-risk pool, demographics, income fact, will drive average costs up.” Foundation, Junior Achievement, Overton Park level difference, and current underwriting The report is available at http:// Conservancy, The Cotton Museum and WKNO. practices. cdn-files.soa.org/web/research-cost-aca- Geoffrey Lindsey, an attorney with report.pdf. www.thememphisnews.com April 12-18, 2013 7

news

HEALTH CARE & BIOTECH financial services Magna Bank Adds Investment Services to Mix

ANDY MEEK | The Memphis News

agna Bank has added investment services to its mix of offerings available Mfor customers. The bank now is working with Cary Allen, a representative of independent investment securities firm LPL Financial Services. Allen will be based in Magna’s Quail Hollow branch at 6525 Quail Hollow Road, but he’ll be available to meet with customers at any of Magna’s other branches Photo: Lance Murphey if they need. Bill Hannah of DHG Healthcare speaks during a panel discussion for The Daily News Seminar on Health Lisa Foley, executive vice president and retail Care Reform, held last week at the Memphis Brooks Museum of Art. banking division manager with Magna, said the bank’s customers have been asking for invest- ment services for a while now. Allen comes to the bank from Paragon National Bank, where he was the original member of Paragon’s wealth manage- ment division. Health Challenges He has more than 30 years’ experience in the industry as an independent adviser, and he’s Seminar examines complex issues surrounding Affordable Care Act been in talks with Magna for several years about such a move, though he says the time was never MICHAEL WADDELL | The Memphis News right – until now. More specifically, he said he saw a lot of opportunity in a partnership with Magna, considering the size of the bank – it’s among the top 10 largest banks in the Memphis area, as o cap off National Public Health and life expectancy. in Tennessee 18,000 jobs would be ranked by customer deposit share – as well as the Week, The Daily News held “What I propose is that we don’t created. resources the move will provide to him. Tan in-depth discussion about have a health care system, we have Without Medicaid expansion, “They’ve not had an investment adviser, health care reform and the daunting a sick care system,” Cooper said. “If hospitals are concerned about how and it’s a good opportunity to serve the needs of task of trying to digest and compre- we are really going to change the way they will continue to deliver care to the their customers, because all bank depositors are hend the new Affordable Care Act, expenses and the trajectory of health uninsured. According to the American looking for a higher yield, that’s for sure, in this which encompasses more than 2,800 occurs, then we have to change the Hospital Association, the cuts without environment,” Allen said. pages of law and more than 100,000 way that we deliver care.” Medicaid expansion would equal $2.9 The new service is available now. It will be pages of regulations and rules. Recent positive signs include ac- billion over the next five years and $7.4 done either on an advisory fee basis or in a bro- The Health Care Reform seminar – cess to new preventative services like billion over the next 10 years, with an kerage account. And it’s tailored for somebody held Thursday, April, 4, at the Mem- mammograms and colonoscopies estimated 10,000 jobs lost in Tennes- who might be looking for an alternative to low- phis Brooks Museum of Art – was led with no co-pays and investments for see. yielding certificates of deposit or to have their by Eric Barnes, publisher of The Daily primary care training. Cooper envisions a health care investments – like a 401(k) rollover or a general News and The Memphis News. The Cooper expects to see expanded system where the patient is treated nest egg – managed for them, Allen said. keynote presentation came from Susan coverage for more than 30 million by a team of doctors that are familiar Investments will be tailored for individual Cooper, chief integration officer and people starting next year, with no with their specific medical history, and client needs and could encompass anything from senior vice president of ambulatory annual limits on coverage or benefits, where patients are more engaged in stocks and bonds to mutual funds, annuities and care at The Regional Medical Center at no more 90-day waiting periods for their care. insurance products. Memphis. coverage, new annual out-of-pocket “If we don’t control health care, our While Allen currently is Magna’s sole invest- “If we really want to transform maximums, no more pre-existing con- economy is going to continue to go ment adviser, Foley said Allen hopes to bring his the health of our communities, we dition clauses, and group “Pay or Play” into a fiscal decline,” she said. son onboard this summer to join him. need to work upstream and really protections for part-time workers. The seminar’s featured panelists “We have wanted and been waiting a long focus on health and look at preventa- She hopes to see some Medicaid included Geoffrey Lindley, attorney time to try to partner with the right broker-dealer tive strategies that can put in place to expansion in 2014. More than 40 mil- with Rainey Kizer Reviere & Bell PLC; to be able to offer alternative investments to our diminish the need for people to have lion adults said they did not get some Timothy Finnell, president of Group customers, and we have finally found the right to seek care at a higher level of services form of needed health care treatment Benefits LLC; Zach Chandler, vice pres- partner so we can better fulfill our customers’ like a hospital,” said Cooper, a former in the past year due to cost, and an ident with Baptist Memorial Health financial needs,” Foley said. commissioner of health for the state of estimated 48,000 people died last year Care Corp.; and Bill Hannah, principal “Our customers have been asking for these Tennessee. due to lack of health insurance. of DHG Healthcare. services, and today we can say we have them. Roughly $2.7 trillion is spent on “If full expansion takes place, we All see major challenges resulting This allows us to protect our customer base and health care each year in the U.S., would see about 1.3 million people from the health care reform. be more of a one-stop shop for them. If you’re go- representing more than 18 percent covered by the year 2020,” she said. “The challenge we have before us is ing to protect your customer base, you’ve got to of the overall GDP, and as much as 75 “Combined with other provisions of completely redesigning the health care offer a gamut of financial services, and this is one percent of that money is spent treating the Affordable Care Act, these expan- system and how delivery of care oc- we were missing.” preventable diseases like diabetes, sions would reduce the number of curs,” Chandler said. “As our country, The move comes at a time Magna is work- heart disease and hypertension – all uninsured by about 48 percent.” our businesses and our community are ing to raise its profile in the local area. Another categories the U.S. ranks highly in In Shelby County it would mean challenged financially, we understand example is the recent launch of the bank’s first when compared to the rest of the coverage for approximately 74,000 that the delivery of care we have had in TV spot, a 30-second ad that’s part of the bank’s world, along with infant mortality rate non-elderly people age 18 to 64, and the past is just not going to work.” “We’re For You” campaign. 8 April 12-18, 2013 www.thememphisnews.com

DOWNTOWN Chisca Hotel Renovation at Hand

BILL DRIES | The Memphis News would cost about $3.5 million to replace versus $600,000 to demolish the whole thing. “It’s actually less expensive redoing that building than it is the main building hen the cast of “Memphis: The on a per-unit basis. It made sense to keep Musical” opens its run at The that building.” W Orpheum Theatre later this The apartment units in the annex will month, they will include an extra perfor- feature balconies with views of the South mance the afternoon of April 26. Main street life. Cast members will sing several Lynch said the goal of the renovation selections at the formal opening of the is to be a further catalyst for the area’s redevelopment of the old Chisca hotel, enduring vitality with a community of the real-life setting for the story of a Mem- people who live in the area and people phis disc jockey that is the basis for the who are drawn to visit. That was also one fictional story line. of the goals of FedExForum when the The April 26 groundbreaking at 3 p.m. $250 million arena was built 10 years ago. at the South Main Street hotel comes days “It is embarrassing that after 10 years before renovation work begins in early there hasn’t been one stick built around May for the conversion of the 1913 hotel FedExForum, so, we’ve got a problem,” and its 1961 annex into a multifamily Lynch said as he talked of city govern- property. Memphis Daily News File Photo: Lance Murphey ment’s decision not to use its condemna- Terry Lynch, one of the partners in The redevelopers of the Chisca Hotel will host an April 26 groundbreaking at 3 p.m. at tion powers for a better public use of the Main Street Partners, the group that the South Main Street hotel. It comes days before renovation work begins in early May surrounding property. bought the eight-story hotel in October, for the conversion of the 1913 hotel and its 1961 annex into a multifamily property. The hotel closed in the 1970s and the said its impact on the area will be “trans- city later claimed the property during the formational.” a leasing office opening about a year from miniums were overbuilt in the area, he period of urban renewal ownership that Lynch spoke Tuesday, April 9, to 100 now. added. The Chisca project will include a also included much of the nearby Beale members of the South Main Association “This is really the crossroads of the renovation of the 1961 annex or motor Street entertainment district. at the Arcade Restaurant. Central Business District, the enter- court to the 1913 hotel building. What was “The city, they’ve got a habit of not He said that by the end of the year 200 tainment district and the gateway to a modern-looking addition to the struc- going in and condemning people’s prop- to 300 new units of housing, including South Main,” Lynch said. “In Downtown ture in 1961 is now an eyesore that Lynch erty,” Lynch said. “That’s just the way they apartments other than those planned for Memphis, the demand for apartments is said the partners originally planned on are and you have to deal with it.” the Chisca, could be built in the South strong.” tearing down. The hotel and all of the real estate was Main area. But the type of apartments in demand “But if you look at the building real donated in 1972 by the owners, Robert The renovation and conversion of the are usually smaller in their square foot- closely, it’s got three levels of parking,” G. Snowden and his sister, May Snowden Chisca is expected to take 14 months with age. The larger apartments and condo- he said, talking of 80 parking spaces that Todd, to the Church of God In Christ.

NONPROFIT SECTOR Mid-South Transplant Foundation Tops in US

JENNIFER JOHNSON BACKER | The Memphis News

hen an organ donor dies in the donation abides by a paradox: a person for transplantation in live patients. public to increase awareness and partici- Mid-South Transplant Foun- has to be declared dead before any organs Each organ procurement organiza- pation in the organ donation process. Wdation’s geographic territory, can be removed, but the organs must be tion spans a geographic territory, which To raise local awareness, The Mid- hospitals are able to procure an average of alive to be transferred to a living recipient. are designated by the federal government. South Transplant Foundation is holding 4.24 organs per donor. Usually, that means an organ donor dies in There are currently 58 in the U.S. The Mid- its Annual Linking Hands for Life Event That’s the No. 1 rate in the nation for a hospital on life support, and those deaths South Transplant Foundation serves West on April 21 to celebrate National Donate the number of organs transplanted per represent only a small portion of deaths in Tennessee, Eastern Arkansas and North Life Month. The celebration will be held at healthy donor by the United Network for the U.S. Once patients are declared brain- Mississippi. Memphis’ Levitt Shell inside Overton Park, Organ Sharing. dead, the organs quickly begin to deterio- Sellers says the overall health of a do- and will include a concert featuring David The results were released in the orga- rate and become unfit for transplantation. nor and the donor’s age also can influence Parks, a native Memphian who was on the nization’s most recent quarterly report. “If they aren’t managed correctly up the number of organs that can be procured MTV show “Making His Band.” The report also ranked the Mid-South until that time, you are very limited,” said and transplanted. But even organs from “We need to spread the word that Transplant Foundation as the No. 1 organ Ken Sellers, the medical director of the relatively healthy donors can’t be used if donation changes lives every day; how- procurement organization in the U.S. Mid-South Transplant Foundation. “The the patients aren’t properly managed when ever, many more lives need to be affected, for the percentage of African-American body starts to shut down very rapidly in they are dying. especially in the Mid-South,” said Ers- donors in 2012. the process of brain death.” Usually, the organ transplantation kine Gillespie, community development “We have great relationships with the Because of those factors, the Mid- team has less than 24 hours from when coordinator for the Mid-South Transplant hospitals,” said Wendy Garrison, a man- South Transplant Foundation and other a patient dies to procure the organs and Foundation. “Many are saved, but many ager of organ recovery at the Mid-South federally designated organ procurement then transplant them in a living recipient. continue to suffer.” Transplant Foundation. “It’s not only our organizations work closely with hospital “There are very critical time elements,” The Memphis region is No. 1 for hyper- staff, but having the hospitals fully on- staffs to teach best practices for managing Sellers said. “A heart may only have four to tension, obesity and diabetes in the state board to help us.” dying patients who have opted to donate six hours.” of Tennessee. Those factors contribute to The time between when a patient be- their organs. Organ procurement organiza- Because of those time elements, the a high rate of kidney disease in the area. gins to die and when that same patient is tions are nonprofit organizations respon- Mid-South Transplant Foundation works Kidneys are the most-waited for organ in declared brain-dead can be critical. Organ sible for evaluating and procuring organs closely with hospitals, but also with the Memphis and elsewhere in the nation. www.thememphisnews.com April 12-18, 2013 9 Money&Markets Extra

Too much confidence can be a bad a long way to go. Markets peak with ary. And in sentiment polls, the Investors overboard like it did in 2006, 2007. thing. When euphoric investors are euphoria, and we don’t think it’s there. Intelligence poll (in late March) had over piling into stocks, it could be a sign that 30 percent looking for a correction. If You prefer small- and mid-cap The power the market is set to fall. Investors have So the Dow Jones industrial average you look at a chart since 2009, when it stocks? Insider started buying stocks again in 2013 hitting a record high isn’t a contrarian gets up above 30 percent, that’s usually Small and mid-caps are more domestic Q&A after fleeing the stock market for years. signal either? a good sign for stocks going forward. by nature. They don’t sell to Europe of doubt But it’s nowhere close to euphoria, says We noticed a couple different editorial like the big boys do, and we think the Ryan Detrick. He says the Standard & cartoons mocking the high. One had Fewer mergers and acquisitions got U.S. is on better footing relative to other Title: Senior technical strategist Poor’s 500 index could climb to 1,650 two bums, one with a newspaper that done last quarter. Is that a concern? places. Small and mid are more volatile, at Schaeffer’s by the end of the year, which would be a said, “Dow makes new highs,” and the It’s all about confidence among CEOs. but they’ve outperformed over long time Investment rise of 6 percent from Thursday’s close. next guy had a sign that said, “Looking Financing is very cheap now, but there’s periods, like the last five and 10 years. Research for work” or something like that. That’s clearly still not a lot of confidence. Money What he Now that mom-and-pop investors usually not what you’ll see at a major is still going into stock buybacks, which Isn’t it strange that utilities have suggests: The are returning to stocks, is that a market peak. means money is getting put to use. But helped lead the market this year? stock market hasn’t contrarian signal to sell? And short interest recently has surged the next step is for that cash to go from Coming into this year, utilities were one peaked We had over $610 billion flow out of (meaning investors are increasingly buybacks to mergers and acquisitions. of the most disliked areas. Sure enough, domestic stock mutual funds from 2007 selling stocks short, or betting that they It’ll come eventually, and it should be with those lower expectations, you can through 2012. Only 3 percent of what will decline). On the 500 components in another potential driver for the market. get an explosive move. Ryan Detrick was taken out has been put back in this the S&P 500, short interest has gone up Usually, merger-and-acquisition activity is year. It’s a concern, yes. But there’s about 9 percent since the first of Febru- a pretty bullish sign overall, until it goes Answers edited for content and clarity. AP Global scorecard BEHIND THE BRAND SKECHERS USA ( SKX) Japan’s Prime Minister, Shinzo Abe, is doing Year-to-date market performance all he can to jolt his country’s economy out of a two-decade slump. Since taking office late last Casually 17% year, his efforts have translated into a Greece multimonth rally in Japan’s stock market. Its 14 Japan 14 percent return this year tops most markets USA 11 fashionable around the world. Like the U.S. Federal Reserve, Japan’s Ireland 10 central bank plans to flood its financial system Few companies have helped turn Over the years, Skechers has by purchasing more than $530 billion a year in Mexico 6 the casual sports shoe into a broadened its product line, offering government bonds; its most far-reaching step to Portugal 5 fashion statement more than more athletic-oriented shoes as date to get consumers and companies to Skechers USA. well as shoes for juniors and kids. borrow and spend. Turkey 4 Around the world The footwear company makes But the shoe maker has also Japan is just one of the developed markets France 3 shoes for men, women and children been stung by changing fashion that have posted an average return of 6 percent The steady rise of that are sold through department trends. 2 this year, compared with an average decline of United Kingdom the U.S. market has stores, specialty retailers and its A few years ago, Skechers was been outpaced by 2.9 percent in emerging markets. The stock Germany 2 own stores. an industry leader in what are markets of the most powerful emerging few others known as toning shoes, which have economies – the so-called BRIC nations of Brazil 1 Thursday’s close: $22.32 unstable soles that makers claimed would tone the wearer's muscles. Brazil, Russia, India and China – trail the pack. -2 Spain Price-earnings ratio: 117 (based on last 12 mos.) Demand for the once-popular style -3 Russia ultimately sagged, driving down 52-week price range prices and leaving Skechers with -4 Italy $13 $23 excess inventory. -5 India Skechers struggled to bounce YTD stock change: 21% back. It made strides in 2012 and -6 China YTD S&P 500 change: 12% ended the year in the black. Market value: $1.1 billion Its new line of more athletic- oriented shoes has garnered a Emerging 2012 revenue: $1.6 billion positive response. The company's -2.9% markets sales rose in the second half of last Avg. broker rating: year and its market share Developed SELL HOLD BUY 6.1% increased. markets Skechers’ stock is up 21 percent this year.

Source: FactSet Data through April 11 Alex Veiga, Jenni Sohn • AP Source: FactSet All returns based on MSCI indexes in U.S. dollar terms Data through April 10 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 29.95 0 38.58 38.54 +.36 +0.9 s s s +14.3 +32.6 31 1.80 Medtronic Inc MDT 35.67 0 47.48 47.72 +.48 +1.0 s s s +16.3 +29.2 13 1.04 t s t AutoZone Inc AZO 341.98 9 402.09 392.83 +2.85 +0.7 +10.8 +3.8 16 ... Merck & Co MRK 37.02 0 48.00 47.21 +.37 +0.8 s s s +15.3 +26.2 22 1.72 9 s t t BancorpSouth BXS 12.40 16.52 15.86 -.10 -0.6 +9.1 +28.3 18 0.04 Mid Amer Apartments MAA 60.38 9 72.04 69.90 +.01 ... t s s +8.0 +11.8 28 2.78 Boyd Gaming BYD 4.75 0 8.87 8.85 +.65 +7.9 s s s +33.3 +7.3 dd ... Monsanto Co MON 69.70 0 107.24 107.10 +1.45 +1.4 s s s +13.6 +43.9 23 1.50 Buckeye Technology BKI 23.52 7 33.62 30.15 +.09 +0.3 s s s +5.0 -5.3 13 0.36 Mueller Inds MLI 39.72 8 55.53 51.94 +.05 +0.1 s t t +3.8 +20.1 22 0.50 Community Hlth Sys CYH 20.71 9 48.59 43.44 +1.18 +2.8 t t t +41.3 +100.4 15 0.25e 8 s t t Corrections Corp CXW 24.74 0 40.90 40.53 +.14 +0.3 s s s +14.3 +46.1 26 2.12a Navistar Intl NAV 18.17 38.17 34.10 +.37 +1.1 +56.6 -9.4 dd ... s s s Cummins Inc CMI 82.20 9 122.54 118.18 +.08 +0.1 s s s +9.1 +7.4 14 2.00 Nike Inc B NKE 42.55 0 60.55 61.20 +.91 +1.5 +18.6 +14.7 24 0.84 Delta Air Lines DAL 8.42 9 17.25 15.55 +.30 +2.0 s t t +31.0 +55.5 13 ... Pinnacle Entert PNK 8.89 0 16.97 16.38 +.12 +0.7 s s s +3.5 +48.0 19 ... s s s Dillards Inc DDS 60.76 8 89.98 81.46 +.16 +0.2 -2.8 +41.8 12 0.20a Regions Fncl RF 5.46 0 8.44 8.22 -.01 -0.1 s t s +15.3 +36.0 11 0.04 0 s s s Dover Corp DOV 50.27 74.62 74.70 +.29 +0.4 +13.7 +26.4 17 1.40 Renasant Corp RNST 14.66 9 23.04 22.07 +.03 +0.1 s t t +15.3 +48.4 21 0.68 DuPont DD 41.67 8 53.98 50.29 +.55 +1.1 s s s +11.8 +0.8 17 1.72 Smith & Nephew PLC SNN 44.84 0 58.24 58.04 +.24 +0.4 s s s +4.8 +22.1 85 1.31e Education Realty Tr EDR 9.72 7 11.81 11.09 -.05 -0.4 t s s +4.2 +9.9 cc 0.40 Smucker, JM SJM 73.20 0 100.14 99.80 +.80 +0.8 s s s +15.7 +25.8 21 2.08 FedEx Corp FDX 83.80 5 109.66 96.66 -1.29 -1.3 s t t +5.4 +13.7 17 0.56 9 s t s Fst Horizon Natl FHN 7.44 8 11.34 10.40 -.09 -0.9 s t t +4.9 +9.1 dd 0.20f Suntrust Bks STI 20.96 30.79 28.98 -.16 -0.5 +2.2 +28.5 8 0.20 s t t Freds Inc FRED 12.30 5 15.98 13.97 +.21 +1.5 s t s +5.0 +3.3 17 0.24a Synovus Fincl SNV 1.67 9 2.90 2.72 +.02 +0.7 +11.0 +36.3 dd 0.04 GTx Inc GTXI 2.62 6 5.41 4.24 +.14 +3.4 s t s +1.0 +19.9 dd ... Sysco Corp SYY 27.05 9 35.62 34.63 -.12 -0.3 s s t +10.4 +23.7 19 1.12 s t t Ingram Micro IM 14.42 9 20.21 19.23 -.09 -0.5 +13.7 +5.9 10 ... Trustmark TRMK 20.76 6 26.35 24.04 -.23 -0.9 s t t +7.0 +6.4 13 0.92 0 s s s Intl Paper IP 27.29 48.58 48.23 +.50 +1.0 +21.1 +49.5 25 1.20 Tyson Foods TSN 14.07 9 25.10 23.75 +.16 +0.7 t t t +22.4 +30.8 14 0.20 Isle Capri Casino ISLE 4.75 7 7.92 6.86 +.31 +4.7 s s s +22.5 +3.0 dd ... UPS class B UPS 69.56 0 85.95 84.32 -.24 -0.3 s t t +14.4 +10.9 61 2.48f Kellogg Co K 46.33 0 64.76 64.28 -.34 -0.5 s s t +15.1 +25.4 24 1.76 Utd Technologies UTX 70.71 0 95.70 95.82 +.64 +0.7 s s s +16.8 +23.9 17 2.14 Kirklands Inc KIRK 8.26 5 16.33 11.95 -.05 -0.4 s s s +12.8 -20.4 15 ... 8 t t t Kroger Co KR 20.98 0 33.28 33.17 +.52 +1.6 s s s +27.5 +42.6 12 0.60 Valero Energy VLO 20.00 48.97 41.26 -1.71 -4.0 +20.9 +85.0 11 0.80f s t t LifePoint Hosp LPNT 34.32 8 49.19 46.09 +1.50 +3.4 t t t +22.1 +18.3 16 ... Verso Paper Corp VRS 0.98 2 2.38 1.21 +.01 +0.8 +13.1 -22.1 dd ... Macy’s Inc M 32.31 0 44.95 44.31 -.05 -0.1 s s s +13.6 +17.1 13 0.80 Wright Medical Grp WMGI 17.88 9 24.58 23.67 -.16 -0.7 s t t +12.8 +29.6 cc ...

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 April 12-18, 2013 www.thememphisnews.com

Take Some Time HEALTH CARE & BIOTECH To Budget Your Next Vacation St. Jude Genome

Ray’s Take It’s that time when people start looking forward to summer vacations. Unfortunately, all too often, the aftermath of those vacations turns out to be Project Set for New more than just wonderful memories – a blown bud- get and burdensome debt. This year, develop a vacation budget now to help avoid the impulsive spending that comes with think- Phase JENNIFER JOHNSON BACKER | The Memphis News ing, “It’s OK – I’m on vacation.” Every vacation breaks down into three major cost areas: transportation, lodging and activities. Think n February, St. Jude Children’s cancer tumors. The about what type of vacation you want – beach time, Research Hospital completed team is still analyzing foreign exploration, family visits, etc. – and deter- Ia three-year-effort to sequence the last 200 of those se- mine which area is going to take the most of your the genomes of 700 pediatric cancer quences to validate the budget and how you can reduce expenses in other tumors. It’s the largest project of its lesions and assess their areas. Different people value each part differently. kind in the world. clinical significance in There’s no “right” or “wrong” amounts to spend, While many of the discoveries additional pediatric unless they won’t lead to immediate changes in cancers. add up to more the treatment of certain types of pe- “It has been more than you can diatric cancers, the research provides successful than I ever afford. a map to begin exploring how to could have predicted,” For ex- better treat patients with aggressive Downing said. “It (the ample, you can childhood cancers, says Dr. James project) is having an save in New Downing, the scientific director of St. impact on the way York City by Jude Children’s Research Hospital. we think about those ray & dana Brandon rays of wisdom seeing muse- “When we started the project, I tumors, and also help- ums instead of had many sleepless nights because ing us better identify musicals. Or, instead of a fancy beach resort, search it was such a major challenge to high-risk tumors versus online for apartment rentals. They are sometimes initiate the project,” he said. “But low-risk tumors. The less expensive than hotel rooms, and give you extra I also worried; would we make the project also is starting living space plus a kitchen. You can usually sub- discoveries that would really change to have an impact on stantially reduce meal expenses by opting for local the way we think about pediatric the treatment of some restaurants than eating at a hotel, and enjoy a more cancers? Would they give us insights tumors.” authentic dining experience. that would ultimately help us better Using new genetic However, often the biggest budget buster in a treat those patients?” markers, St. Jude is able vacation is not the cost of getting there or lodging – Downing, who was recently to identify patients that’s typically determined by you in advance. The nominated by Time Magazine for Photo: Courtesy of Peter Barta, St. Jude Research Hospital with more aggressive problem is the “Why not?” factor once you arrive. its list of the 100 Most Influential Dr. James Downing, scientific director of St. Jude high-risk tumors in Children’s Research Hospital, is being recognized Fancier meals, extra beverages and loads of souve- People in the World, says he’s been some cancers that don’t for leading the Pediatric Cancer Genome Project. nirs – all these purchases add up quickly. We hold surprised by the findings from each respond to standard treatment. Down- the line on this through all-inclusive resorts like Club tumor the Pediatric Cancer Genome weren’t mapping every genome base. ing says that means those patients Med or group trips with Road Scholar. The up-front Project has mapped. Ultimately, the genome sequencing project has led The projects sparked a discus- need to be treated differently than price tag looks a bit daunting, but it usually works to groundbreaking discoveries in sion among St. Jude researchers patients who have markers that out better than “a la carte.” Others find setting a some of the most aggressive child- who began to talk in earnest about indicate they have a less-aggressive daily budget and sticking to it helps – when the day’s hood cancers. sequencing the genomes of pediatric form of cancer. money is spent, that’s it. Either approach can keep The $65 million Pediatric Cancer cancer tumors in an effort to find In some cases, The Pediatric things from spiraling out of control. Genome Project began in February new treatments. Cancer Genome Project also has 2010 at a time when only a single pe- “It was really in 2008 that we been able to identify the pathway Dana’s Take diatric cancer genome had ever been started talking, could it be done? that causes the proliferation of can- Family vacations are such a big-ticket budget completely sequenced. About $55 What would it take? How much cerous cells. Downing says by estab- item that family harmony is important to maximizing million of the overall funding came would it cost? What would the proj- lishing those pathways, researchers return on investment. For every moment of sulking directly from St. Jude. A large federal ect look like?” Downing said. can begin to identify drugs that can on a trip, Mom and Dad see dollars flying out the government project, The Cancer About 85 percent of St. Jude’s inhibit those pathways, and ulti- window. Improve buy-in before the trip by including Genome Atlas, was sequencing the faculty participated in an off-site mately cure children with cancer. kids in planning the itinerary. genomes of adult cancers, but very retreat to study the feasibility of the “It really began as a project to Ask kids to research activities in your chosen city. little money and effort was going project and to examine what St. Jude gain insights into the biologic lesions Trip Advisor, Cruise Critic (even if you’re not cruis- toward sequencing the genomes of researchers might learn from apply- that are driving the cancers,” he said. ing), Virtual Tourist and Fodor’s are a good start. pediatric cancers. ing new technology to the study of Now that the first phase of the Allow each child to propose activities, including “Part of it was that we felt it was pediatric cancer. Most importantly, project is complete, Downing says cost estimates. When you work out the itinerary, bal- the responsibility of St. Jude, and the researchers wondered if a project St. Jude doesn’t want to walk away ance kid-chosen outings with parent choices. Insert that no one else would really step of this magnitude would cost St. Jude from the expertise, the capital infra- plenty of downtime – good family time is more about up to do this project,” Downing other important opportunities. After structure and the global experts who quality than quantity. Once on the trip, the kids will said. “We also know that there are exploring every angle of the proj- have worked on the project the past look forward to their portions of the trip and hope- children dying every day, so we felt a ect, the research faculty and board three years. This spring, the research fully be more patient with Mom and Dad’s plans. sense of urgency to try to get this ac- overwhelmingly decided to sup- hospital will begin the second phase Including the kids in planning will pump up the value complished as quickly as possible.” port creating the Pediatric Cancer of the Pediatric Cancer Genome for your holiday, resulting in a more enjoyable and At first, Downing and other Genome Project. Project. The $30 million second less stressful experience for everyone. researchers at St. Jude weren’t sure if Three years later, St. Jude has phase will continue a discovery ef- Ray Brandon is a certified financial planner and a project of this magnitude was fea- built a team of researchers that have fort to further identify the mutations CEO of Brandon Financial Planning (www.bran- sible. In 2007, they published a paper carried out the largest sequencing and tumors, and examine areas that donplanning.com). His wife, Dana, has a bachelor’s on the molecular genetics of Acute project in pediatric cancer globally. were extremely difficult to analyze in degree in finance and is a licensed clinical social Lymphoblastic Leukemia, along with While the project set out to map the the first phase of the project. worker. Contact Ray Brandon at raybrandon@bran- several other papers making new in- genomes of 600 pediatric cancers The Pediatric Cancer Genome donplanning.com. sights into the genomes of aggressive and 600 non-tumor tissue samples Project will continue making its tools childhood cancers. But the projects from those same patients, they were and data available to researchers used low-resolution approaches, and ultimately able to map 700 pediatric around the world free of charge. www.thememphisnews.com April 12-18, 2013 11

real estate & development ENTERTAINMENT Commercial Practicioners Live at the Garden Have Voice With Council Announces Lineup andy meek | The Memphis News

MICHAEL WADDELL | The Memphis News “As the real estate market compressed over the next few years, our membership dropped down to around 3,000, but the number of commercial brokers who remained MAAR ony Bennett, Robert Plant and For- members remained steady,” said Melanie Blakeney, MAAR eigner are among the top-drawing acts he Memphis Area Association of Realtors Commer- CEO and executive vice president. Tperforming at Memphis Botanic Garden cial Council has grown and evolved over the past Providing educational opportunities is a major compo- during the Live at the Garden 2013 concert T nine years since its inception, with membership nent of MAAR and its calendar is loaded with a variety of season, which kicks off June 1. increasing from 150 members in 2004 to more than 350 events each month. Rounding out the list of performers for the members this year. The organization received news this month of approval annual outdoor music series is R&B funk band That membership will celebrate excellence in the com- from the National Association of Realtors for a $2,500 grant, Earth, Wind & Fire and the up-and-coming mercial real estate industry during the 12th annual Pinnacle which will fund country group The Band Perry. Awards presentation April 25 at Memphis Country Club. an all-day course Before revealing the 2013 lineup Wednes- The industry’s top producers from 2012 will be honored. for commercial day, April 10, to an early-evening crowd inside a The independently governed council was created with brokers that is packed Hardin Hall, Memphis Botanic Garden the goal of giving the region’s commercial practitioners a anticipated to start executive director Jim Duncan promised, “This stronger voice within MAAR, as well as the Tennessee Asso- in the fall. is the best one we’ve ever had.” ciation of Realtors and the National Association of Realtors. The council’s The meeting room was almost standing That voice covers a wide gamut of issues such as new build- annual Commer- room only as the list of artists was revealed, and ing commercial codes that require seismic considerations cial Property Fore- attendees clapped and cheered as each name or issues with leaseholders writing off lease costs versus All in all everything cast Summit is held was announced. owning. in early February. The series that begins in June marks the “Currently we are also keeping an eye on neighborhood is moving in the right “We really dig 13th season for the concert series, which is a blight and its effect on commercial and residential proper- direction, with some into the numbers major event for the botanic garden. The series ties, while examining what the public and private sectors sectors moving more and feature a attracts more than 30,000 attendees each year, can do to help the problem,” said 2013 MAAR Commercial quickly than others. It’s variety of promi- and investment firm Duncan-Williams Inc. Council President Greg deWitt of Newmark Grubb Mem- obviously a good sign nent guest present- is not only the title sponsor for 2013, but firm phis. “ ers talking about president Duncan Williams said the firm is Other Commercial Council officers include Patrick for Memphis and the office, industrial, close to finalizing a deal to extend its support of Reilly of CB Richard Ellis Memphis, Tony Argiro and John Memphis area.” retail, multifamily the series through 2018. Mercer of Highwoods Properties Inc., Catherine Anderson and investment “This is one of the most diverse lineups – Gred deWitt of Crye-Leike Commercial, Michael Donahoe of Sperry Van Council president, Newmark Grubb Memphis sales,” said deWitt, that we have ever had, which we are very proud Ness/ Investec Realty, Andy Cates and Andrew Phillips of who sees positive of,” said Live at the Garden co-director Sherry Colliers International Memphis, Tanis Hackmeyer of Hack- signs across the Misner. “That has always been the goal for Live. meyer Realty, Frank Dyer of Loeb Realty Group LLC, Angela Memphis market. Some years it just works out better than others. Klipfel of Premier Commercial Real Estate Services, Justin “All in all everything is moving in the right direction, Live at the Garden, from the beginning, was Lubin of Lubin Commercial Realty LLC, Jay Snow of Belz with some sectors moving more quickly than others. It’s created to be an event, not just a concert.” Enterprises, Greg Glosson of Fast Track Realty LLC, and Bob obviously a good sign for Memphis and the Memphis area,” The concerts begin with classic crooner Turner of Southern Properties. said deWitt, who sees industrial coming back in a big way, Tony Bennett June 1, followed on June 15 Lubin, Donahoe and Anderson are new to the board, multifamily doing really well, and office owners being more by Earth, Wind & Fire and former Led Zep- and Hackmeyer is the president-elect for 2014. bullish on their product. pelin frontman Robert Plant on July 13. The At the height of the commercial real estate boom in final two acts, The Band Perry and 1980s rock 2007 MAAR had 5,400 overall members, with 300 to 350 band Foreigner, will play Aug. 23 and Sept. 20, commercial members. The Daily News is a sponsor of The Pinnacle Awards. respectively.

Your Mobile Device in a Meeting: Friend or Foe?

Who is more important: you or a even more valuable. Checking your mo- How often do people check their devices? rate board. Reach agreement regarding group of your fellow nonprofit volunteers bile device removes your attention from What is accomplished in the meeting? the use of devices and hold each other or professionals? What signal are you the discussion at hand. Your knowledge, Ask reflective questions of yourself and accountable. Remind people of the policy sending when you direct your attention to expertise and insights are removed from others in the room: are our meetings when meetings are being scheduled, and your mobile device instead of the group’s the conversation. The opportunity for boring? Too long? Are they structured to again at the beginning of each meeting. discussion? If you believe the work of the synergistic thinking, problem solving and take advantage of the best thinking in the You can use mobile devices to help ad- organization or institution is unimport- strategizing diminishes room? Are people coming vance the organizations you are involved ant, say so and work with your peers to as participants men- prepared to meetings? with. Engaging and updating friends, restructure meetings. If not, give your tally enter and leave When are people check- colleagues, donors and supporters via attention to the business at hand. Each of the group’s work with a ing their devices and Facebook, twitter, LinkedIn, Pinterest or you has carved out time from your busy glance at their device. does that correlate to the Instagram increases the organization’s schedules to attend the meeting: make And then there’s hurt discussion at hand? social media presence and reach. The the most of it. feelings. Some people Make sure your same with calling and emailing to set ap- For many, time is now considered a are offended when they MEL & Pearl shaw meetings are worthy of pointments and provide updates. Mobile resource even more valuable than money. are talking and others FUNdraising Good Times the time you ask each devices bring us together. Don’t let them Increasing demands on our time from are texting or checking person to give. Develop drive us apart. work, family and volunteer commitments email. The sentiment can be, “Why should a protocol for the use of mobile devices. make it all the more important that time I bother if they aren’t interested?” The One corporate board asks members to Mel and Pearl Shaw are the authors allocated for meetings be most produc- result can be a process of gradual or im- place devices in a basket upon entering of “Prerequisites for Fundraising Success.” tive. As nonprofit professionals are asked mediate disengagement. the meeting, and provides breaks for the They provide fundraising counsel to non- to take on more responsibilities the time Observe your behavior and that of purpose of checking calls and messages. profits. Visit them at www.saadandshaw. dedicated to staff meetings becomes others in the next meeting you attend. Your nonprofit is as important as a corpo- com. 12 April 12-18, 2013 www.thememphisnews.com

sports

basketball Grizzlies Clearly Eager

For Playoffs to Begin DON WADE | Special to The Memphis News

Lackadaisical effort from starters frustrating, but it also gives bench players like Leuer court time

s the Grizzlies check off the last few playoffs – to start. a fastbreak and his pass to little-used Randolph. “Some nights we might not be days of the NBA’s regular-season “This game wasn’t about the Charlotte forward Jon Leuer, who finished with a going and they have to step in and help Acalendar, the records continue to Bobcats and Memphis Grizzlies,” said reverse layup that awakened the crowd us.” pile up. point guard Mike Conley, who led the and the team. Quincy Pondexter was also The Grizzlies especially seemed to en- With four games left, starting with the way in the 94-75 win with a game-high 20 part of the super-sub group that turned joy Leuer’s success. A second-year player Friday, April 12, game at Houston, the points and 7 assists. “This was about us the game, plus Conley. out of Wisconsin with a career scoring Grizzlies already have won a franchise- preparing for who we’re going to play in “We weren’t playing with the pizzazz average of 1.7 points, his 11 points and 5 record 53 games, are a franchise-best 28 the playoffs and us developing good hab- we needed,” Hollins said of his decision to rebounds represented season highs. games over .500 (53-25), have set a new its. We just gotta understand that going not go back to the other starters. “When playoff time comes and record for wins at FedExForum (31), and into these last couple of games.” It worked as the Grizzlies got 11 coach throws you out there, you have to clinched their first winning road record in What seems most clear is that no fourth-quarter points from Leuer, 7 from be ready for it,” said veteran Tayshaun team history. game is ever easy for the Grizzlies. Not Daye, 5 from Pondexter and 27 of their 31 Prince. “And if you’re in that situation And yet after the Grizzlies disposed even a 19-point victory over the league’s points from the bench. Not to mention throughout the season and he puts you of the hapless Charlotte Bobcats for worst team. Coach Lionel Hollins was holding the Bobcats without a point for in for a few minutes, and if you treat it their 13th straight home victory (another searching for some energy in the fourth four minutes – from 11:23 when the lead like it is something else, you’re not gonna record within a single season), the whole quarter when the Grizzlies led by 7 with shrunk to 3 points, to 7:20 when it was 15 be able to help the team out. One thing thing felt a bit surreal. Like the Grizzlies 10:42 to play. points. about Jon, he’s always ready when his are trapped in some strange basketball The game changed on an Ed Davis “It’s important because we have to number is called.” purgatory, waiting for the real games – the block and Austin Daye’s rebound to start have everybody to win games,” said Zach As were others.

Tigers Prepare for Life After Black, Thomas

Wading in with some thoughts as guard Russ Smith, who has a much n I have no problem with Rutgers on several topics, starting with Adonis bigger motor and just won a national basketball coach Mike Rice losing his job Thomas and Tarik Black leaving the Uni- title with Louisville, is projected as a or even his becoming Public Enemy No. versity of Memphis basketball program: second-rounder. Adonis Thomas would 1 in the wake of the video showing him have been better served to come back to physically abusing players in practice. n First off, the Tigers will be fine THE PRESS BOX Memphis and to stay two years, to really But I do have a problem with the way without them. The No. 2-ranked recruit- DON WADE work on his game and then see what national media has rolled around in their ing class in the country is on the way and opportunities are out there. Sometimes, self-righteousness because I know how while the Tigers still want another big was his own worst enemy his junior guys have to learn the hard way. this would have gone had the coach in man to replace Black, the truth is that season. He walked out of practice and question been a big name near retire- both Thomas and Black were disappoint- though he came back, it was as though n Through April 9, veteran guard ment about to have employment on ments this past season. This is also why I he never came all the way back. Wher- Keyon Dooling – a late addition to the the set of ESPN or some other network. wish Adonis and Tarik were staying; odds ever he goes, he’ll have to grab more Grizzlies – had only played a total of Which is to say, all the TV talking heads are it would be better for them if they than 4.5 rebounds a game or he won’t be 25 minutes in three games and he had would have been making excuses for a stayed. starting there, either. scored 6 points with 2 assists and 3 turn- famous coach. But Mike Rice? His head Black, because he already will have overs. He came out of retirement to sign fit nice and snug next to the front tire of graduated, can transfer and play im- n As for Thomas, his aim always was with Memphis, so he’s still got some rust the bus. mediately at another school. The only to enter the NBA draft ASAP. The injury on his game. I’m not sure there’s enough restriction coach Josh Pastner has his freshman season short-circuited time to knock it off. After he played 12 n Starting Tuesday, April 16, I’ll have placed on his release from Memphis is that plan. He played big minutes this minutes against Charlotte, coach Lionel a regular segment every Tuesday at that Black can’t transfer to a school on past season but his production did not Hollins also didn’t sound totally sure. noon on Sports 56 Middays – 560 on the Tigers’ schedule next year. That’s match his time on the court and he never “I think he’ll probably be the backup your AM dial, 87.7 on FM – with hosts reasonable and fair. played with anything close to the tough- point guard,” Hollins said, hedging. “Un- Greg Gaston and Eli Savoie. Thanks to Black held a, well, unique press ness required for even an end-of-the- less as we go forward he shows he can’t The Daily News and the Memphis Base- conference at his family’s home – while bench player in the NBA. And what he do it. I don’t think he’s a true point guard, ball Academy for sponsorship. wearing a Memphis shirt – to announce lacks in toughness and the willingness to but he’s not a true scorer either.” Don Wade is a native of Kansas City he was transferring. In its way, it cap- do the dirty work, he certainly does not Assuming Jerryd Bayless is good to and a former feature writer for The tured his career. He wanted to be here, make up for in outside shooting. go (sore knee), Bayless should take most Kansas City Star and sports reporter for but he didn’t want to be here. He believes Not surprisingly, Thomas is not listed of the minutes and Dooling will only have The Commercial Appeal. His column ap- the opportunities might be greater else- as being chosen in draftexpress.com’s to care take for a minute or two here and pears weekly in The Daily News and The where. And maybe they will be. But Black mock draft. And even someone such there in the playoffs. Memphis News. www.thememphisnews.com April 12-18, 2013 13

sports

“Anytime you play well, it builds con- fidence,” Leuer said. “That group, we had some good chemistry going on out there. If we’re out there again, we can build off what we did.” Center Marc Gasol agreed, saying the bench “won the game for us.” But, as always, Gasol was equally focused on the situation that created the opportunity for the bench to ride to the rescue: the start- ers’ poor play. Looking to the playoffs, Gasol said: “Definitely if we play like we did tonight, as far as the starters, we’re getting our behind kicked.” Conley wasn’t quite as harsh, but added, “I just think we need to be a little bit better starting off and have a sense of urgency. We understand we do not have that go-to scorer. And we gotta under- stand if we’re not hitting offensively, we gotta lock down defensively. That’s gonna be our backbone.” And true enough, the Grizzlies have now held 67 opponents under 100 points, the highest number in the NBA this sea- son and the second-highest number in Grizzlies history. But then that’s just another record from the regular season, same as the Griz- zlies allowing a league-low 89.7 points per game. Good to know, yet won’t mean a thing once the playoffs begin if the Griz- zlies don’t live up to their grit-and-grind AP Photo: Danny Johnston reputation or the bench can’t restore it on Memphis reserve Jon Leuer scored 11 points – all in the fourth quarter – during the Grizzlies’ 94-75 win over the Charlotte Bobcats nights when the starters just don’t have it. on April 9. A second-year player out of Wisconsin with a career scoring average of 1.7 points, Leuer’s 11 points and 5 rebounds repre- sented season highs. Despite the double-digit victory, Memphis appears ready to end the regular season and begin the playoffs. 14 April 12-18, 2013 www.thememphisnews.com

special coverage

emphasis: residential real estate

Home sales, average pricing improve in SIGNS OF LIFE first quarter of 2013

Photo: Lance Murphey Broker Regina Hubbard, left, with Sylvia Thomas and homeowner Neale Payne review a property that Payne and his wife are getting ready to list on the market.

MICHAEL WADDELL | The Memphis News the Memphis Area Association of Real- tors, everything is in the green and look- bank transaction sold for $71,792, up 9 tors and broker/trainer with ERA Legacy ing good,” Murphree said. percent from $65,877 in 2012, and total Realty. He is encouraged by increasing home sales volume equaled $58 million. Hubbard was impressed by the fact values in hard-hit markets like Frayser, Eads’ 38028 ZIP code boasted the ome sales activity picked up that average sales price rose in the first whose 38127 ZIP code registered the most highest average sales price at $710,667, in the first quarter of this year quarter over the year prior. sales in the first quarter with 216. while Collierville’s 38016 was the top ZIP across the Mid-South, and bro- “That is significant,” she said. “Hope- “A lot of the NSP (Neighborhood Sta- code for dollar volume with $49.3 million. kers believe the market recovery fully that will get the sellers out, ready to bilization Programs) money was spent in Carmen Prince, president of the is gaining traction. put their properties on the market know- the Frayser submarket, and I wonder if we Memphis Chapter of Women’s Council of Shelby County home sales ing that the sales prices are moving back are seeing some of the results from those Realtors and an agent with RE/MAX Right Hrose 6 percent during the first quarter, in a positive direction.” government dollars,” Murphree said. Way in Millington, is seeing strong activ- with 3,382 sales from January to March She is seeing signs of life across the One trend he is seeing is longer wait- ity in Bartlett and Millington. compared to 3,179 during the first quarter area. ing times for loans to close, sometimes as “I have seen a big increase of sales in of 2012, according to real estate informa- “I’m seeing developments in German- much as 50 to 60 days now as opposed to Millington,” she said. “We have new busi- tion company Chandler Reports, www. town, Bartlett and Frayser where there a little as two weeks in the past. nesses and restaurants that have or are chandlerreports.com. The average sales have been empty lots there for four or five Traditional, or nonbank, sales totaled coming to the area, which creates jobs.” price rose 11 percent to $120,628 in Q1 years, and now I see construction,” Hub- 2,574 during the quarter, a 16 percent She remains bullish on Tipton County, from $108,688 a year ago, while the total bard said. “So it is very exciting.” jump compared to Q1 2012. Sales aver- despite sluggish activity so far this year. sales volume reached nearly $408 million Thomas Murphree, appraiser and aged $135,958 and totaled nearly $350 “Although sales dropped in Tipton in the first quarter, an 18 percent increase principal broker/owner of Birch Street million. County in March, the median sales price from $345.5 million in Q1 2012. Realty Resources, is also seeing improve- Another good sign was that bank, or for a home rose by 9 percent over March “The first quarter has been such a ment across the area. foreclosure, sales dipped in the first quar- 2012,” Prince said. great improvement over this time last “We’ve seen a strong start this year, ter by 15 percent, totaling 808 versus 951 “I think Tipton County remains a year,” said Regina Hubbard, president of and when you look at the larger indica- in the same quarter last year. The average strong submarket because of the excellent www.thememphisnews.com April 12-18, 2013 15

special coverage

school system and low crime rate.” As for 2013, she believes the numbers will continue to grow, citing Dr. Lawrence Reappraisal: Complex But Crucial Event Yun, chief economist for the National Association of Realtors, who spoke at the ANDY MEEK | The Memphis News MAAR Residential Summit earlier this month at the Germantown Performing Arts Center. “His forecast showed that interest nyone who owns property in that process. The reason for the needed revenue. This year, though, the assessor is rates will stay low through 2015, and with Shelby County – especially new, frequency is because over time, some estimating the county’s tax base to shrink the economy growing stronger we will see Arecent homebuyers – may be inter- owners’ property values rise, and some in the aggregate. So, according to state the Y Generation starting to buy houses ested in a primer on the local reappraisal fall. And since a property’s value deter- law, that means local governments where and move out of their parents’ homes,” process, a major event that happens here mines its tax bill, that means that if the that’s the case would need to raise the tax Prince said. “Existing home inventory is every four years and the initial phase of assessor did not keep the official property rate to whatever will produce the same at a 13-year low while new construction which is wrapping up now. values updated regularly, some people amount of revenue as before the overall inventory is at a 50-year low. The housing The reappraisal process involves would be paying too much in property tax base dropped. market will quickly turn to a seller’s mar- the Shelby County Assessor of Property taxes and some people would be pay- Those government bodies would then ket and that means higher prices.” updating the property values listed in ing too little. This is why Shelby County be free to raise the tax rate again, if they Realtors are looking forward to the the assessor’s records for all taxable real Assessor Cheyenne Johnson and her staff choose. All that said, no matter the out- warmer summer months, which are tradi- estate in Shelby County – approximately frequently say the reappraisal process come of a reappraisal, one thing is always tionally stronger for home sales. 351,000 parcels of property. “equalizes” the tax burden for everyone in true: some people’s tax bills go up, and “There are some great properties at That excludes a variety of property Shelby County. some people’s tax bills go down. good prices right now, and I think our types that aren’t on the tax rolls, for a “We put all the sales data out there,” As of the week that ended April 5, the consumer base is waking up,” Hubbard variety of reasons. Saint Francis Hospital- so property owners can see what their assessor’s office had mailed out almost said. “It’s our best season starting in the Bartlett, for example, is part of a for-profit values are based on, Johnson said. 290,000 reappraisal notices – 83 percent spring, running from April to September. hospital company, so it’s on the tax rolls, The reappraisal also is an empirical of the total. The next mailing is April 20. We anticipate more sellers coming out while other nonprofit hospitals aren’t. process. To determine a property’s value, It’s also important to note that the and putting their properties on the mar- The process is a major undertaking, the assessor’s staff looks at the property’s initial figure the assessor arrives at is not ket. Inventory is down some so it’s a good and getting it right is important for sev- use, its physical characteristics and recent necessarily the last word. Owners are al- time for them.” eral reasons. Both Memphis and Shelby market conditions. lowed to file an appeal. She expects to see families taking County governments use the property Recent market conditions are studied “We do reappraisal according to the advantage of the summer months when tax to get most of their revenue, so that by looking at actual comparable property standard principles of appraisal,” John- schools are out to make the move into a makes it important that accurate figures sales that occurred during the years since son said. “But people know more about new home. are established. the prior reappraisal. This year’s reap- their individual properties than we do. Chandler Reports is a division of The Four years was chosen as the frequen- praisal is unique, because for the first And we’ll make the necessary adjust- Daily News Publishing Co. Inc. cy with which the assessor will undertake time in memory the assessor estimates ments if we need to.” that once everything is finished and This is how the tax burden is equal- all the reappraisal notices sent out, the ized: No matter if someone owns a county will be left with an atypical result. $500,000 home, a $100,000 home or any- The county’s tax base has shrunk. thing above, below or between that range, Usually, like clockwork, the overall the assessor will identify what’s called amount of taxable real estate in Shelby the appraised value of that property. The County grows from one reappraisal to owner then will pay taxes on only a per- the next. State law dictates that after a centage of that appraised value. reappraisal, a local government must first The process is fair, because owners of “reset” the property tax rate to whatever the same property type will pay taxes on figure will produce the same amount of the same percentage of their appraised revenue as before, when the tax base was value. Residential property owners only smaller. pay taxes based on 25 percent of their Once the government has done that, property’s appraised value. For commer- it’s free to return the tax rate back to cial property owners, it’s 40 percent. That where it was most recently. That happens keeps the burden, on a percentage basis, often among local governments in Shelby equitable for property owners with the County following the reappraisal, and it same kinds of property. makes two things apparent: the tax rate The window opens May 1 for property doesn’t look like it’s changed, even though owners to file appeals to the local Board the government would be collecting more of Equalization.

For 2013, become the owner of your own HOME!

LaniganAlliedVanlines.com www.MemphisCityHomeSearch.com 16 April 12-18, 2013 www.thememphisnews.com

The Anatomy emphasis: SMALL-BUSINESS SPOTLIGHT: Residential real estate Of a Habit As humans, we would have a hard time getting through the day without our strongly ingrained habits. But as you know, some habits produce good results, some produce undesirable results. Marx-Bensdorf Touts Independent Spirit In the case of workplace habits, it’s a good idea to consider your current inventory JONATHAN DEVIN | Special to The Memphis News of habits and determine the results they are producing. Think about all the daily routines that are driven by your habits. For example, how do you handle incoming emails, phone small, boutique real estate calls, pieces of paper that flow into your of- agency sees longevity as its fice, meetings, Astrength rather than its worth to boredom, anxiety larger companies looking for acquisi- and other trigger- tion targets. ing events with And Marx-Bensdorf Realtors re- the potential to mained strong through the recession by influence or alter staying out from under other people’s your behavior? umbrellas. chris cRouch But once “We’re just not interested,” said SMART STUFF 4 WORK you determine Jimmy Reed, co-owner and president of the results your Marx-Bensdorf, referring to numerous habits are producing and assign a positive or inquiries his company has had regard- negative value to each habit, what do you do ing acquisition by larger agencies. “All of next? In order to best answer this question, those (larger) organizations sell a brand it’s a good idea to explore the anatomy of a and we have a brand that we think they habit. would like to have.” All habits are made up of three parts: a One aftereffect of the downturn in trigger, a routine and a reward. the housing market was a trend of con- Triggers cause subsequent events. In solidation in which smaller real estate other words, triggers launch habits. For companies came under larger corporate brands, some with national affiliations. example, feelings of boredom might launch Photo: Courtesy of Marx-Bensdorf As with independent physicians’ various behavioral routines such as eating, Jim Black (l-r), Jimmy Reed and David Tester own Marx-Bensdorf Realtors. checking emails, checking social media sites, groups joining major hospital systems, or excessive socializing with a co-worker. the goal was to secure financial stability mortgage banking, land development, available for new Realtors, but generally recruit agents they’ve met through their That leads us to the reward. while the market returned to normal. and commercial property manage- But Marx-Bensdorf has been inde- ment through the 1900s, but shifted to a own transactions. Recently the compa- In the end, only you can determine what pendent for a very long time with no strictly residential focus in the 1980s. ny moved into a new space at Ridgeway functions as your reward; however, you must plans to alter that track record. Reed said now it is especially im- Center, just across the parking lot from be getting some kind of reward for the routine “We’re actually one of the oldest real portant for businesses to avoid a full their smaller former office, which they that is producing undesirable results or you estate companies in the United States,” menu of services and do one thing well had occupied for 24 years. would discontinue the routine. For example, said David Tester, partner and also a co- because homebuyers and sellers are “I think there’s a fundamental dif- if you are consistently bored, responding owner along with board chair Jim Black. very well-informed about the market ference and that is that those (larger) to emails, web surfing or socializing might “We’ve been in active business for 145 and very critical of Realtors. brands are really selling both to the provide you with a sense of welcome relief years continually. “We want to do a really good job of public and to agents who don’t have from the boredom. These are tasks you can “We love the Memphis area and be- helping someone buy or sell a house, identities,” Tester said. “The agents are easily accomplish, and some sense of closure cause of the history, we know so much period,” Reed said. “During the reces- using the brand to try and build busi- is a very enticing reward if you are bored. underlying history about neighbor- sion period we think our market share ness. Here, virtually every one of our Interestingly, being overloaded can trigger hoods and specific houses. You can ask increased. Everybody’s business was agents has a public identity.” the same “get some sort of closure” routines almost anybody about almost any prop- down, but when you have 5,000 Realtors “Crye-Leike and Prudential also as boredom. erty and somebody here has touched it and that drops down to 3,000 and we have great training programs,” Black Here’s a usable insight related to the at some point.” maintained our own, our market share said. “That’s the place for somebody anatomy of a habit. One of the best ways Marx-Bensdorf was the first real went up. We did not lose agents. Also to start. We just don’t have that com- to alter a bad habit is to identify the trigger, estate agency in Memphis, according to we did invest in our Web presence and ponent because all of our agents are routine and reward and alter them in ways Tester, and one of the first companies of marketing. We’ve been in growth mode.” established.” to produce more productive results. Think any kind established in Memphis. Origi- Marx-Bensdorf has 34 agents, up 18 The Realtors are licensed in Ten- about that – it is a very powerful concept. nally founded by German immigrants, percent from three years ago. They do nessee and Arkansas but work almost Even if the trigger remains the same (for the company also offered insurance, have one-on-one mentoring programs exclusively in the Memphis area. example, boredom or anxiety), simply insert a new routine (stay totally focused on what you are currently doing or need to do) and keep the essence of the reward (getting closure on something). This doesn’t have to be complicated. It might sound a bit goofy, but if the essence of the reward is a sense of closure, the reward can be as simple as placing a stroke mark on a sheet of paper every time you feel tempted to eat, surf or socialize – but instead stay fo- cused on your top priority a bit longer. Make it a game to end up with plenty of stroke marks at the end of every day. Literally give yourself lots of positive strokes to reinforce your de- sired behavior. And the big reward, at the end of the day you will feel much more of a sense of accomplishment and satisfaction. Chris Crouch is CEO of DME Training and Consulting and author of several books. www.thememphisnews.com April 12-18, 2013 17

emphasis: RESIDENTIAL REAL ESTATE Selling Homes Becomes ‘Forever Job’ for Dacus

JONATHAN DEVIN | Special to The Memphis News

know what was fix and what I could do better.” After surviving hous- happening. No- Over the years her listings have ing crash, Sowell & Co. body imagined brought her out of Downtown and Mid- 2008. Instantly town to eastern Shelby County where, broker now thriving I thought, well, recently, large single family homes have I’m not so good been moving, she suspects, in part due to shley Dacus got started as a Realtor at this. It was a concerns over the public schools merger. in the worst possible economic blow to my ego.” “Collierville is going crazy,” Dacus A climate, but with residential sales Three years said. “If it’s priced right and looks good, it’s beginning to show signs of life, her opti- ago, Dacus gone.” mism has been renewed. joined Sowell & The upside of starting in 2006 has been Having survived the Great Recession, Co., a boutique, the advent of digital technology, which Dacus said she can handle anything at this primarily resi- made it easier and cheaper to market point. dential agency, homes. QR codes lead smartphone users “Now, as everything is starting to have and began learn- to custom-made websites for each home, a spring renewal, I feel like I’ve made it,” ing the ropes meaning Dacus doesn’t necessarily need to said Dacus, an affiliate broker for Sowell & of real estate fill tubes with flyers. Co. Realtors. “I’ve been able to make a liv- in a market in Of course an Internet-informed public ing. That tells me I’m good at what I do.” which sellers can have its challenges too. Originally from Iuka, Miss., Dacus got were underwater “It’s a know-it-all world right now,” Da- a degree in political science and went to and even well- cus said. “I think it’s amazing that there’s work as a social studies teacher and tennis qualified buyers all this information for consumers, but I’m coach at Horn Lake High School, but she couldn’t secure not an appraiser and websites like Zillow knew after just a couple years that it wasn’t financing. certainly aren’t. You can’t always necessar- her “forever job.” The first ily comp the house right across the street Instead she moved to Downtown house she sold even if a website does.” Memphis and got a master’s degree in turned into a Residential sales grew 20 percent political science from the University of lesson in tenac- nationwide last year, meaning that Dacus Memphis. An aunt working in real estate ity and patience. could get to experience a normal real gave her the idea of selling real estate. DACUS It was a small estate market for the first time in the next “It was all very accidental,” Dacus house in North three to five years. If that happens, she said said. “Nothing about how I got here was market seemed steady. Memphis that needed some updating and it’ll feel like a reward for fighting her way informed by a path but I can’t imagine Then the market plummeted and in had a low listing price. through the recession. myself anywhere else.” the years that followed, many people fled “I sank everything I had into selling “It’s been a lesson in patience,” Dacus In 2006 she spent the summer in real the real estate business as home sales that house,” Dacus said. “It was the only said. “I realize that my role is to be that estate school and then got a job with dried up. listing I had. I treated it like a show place. I calming force. I let my sellers and my buy- Century 21 River Oaks. Soon after, she “I came on as condo sales were really was so proud to have it. Then the transac- ers know that weird things happen and took a job as a project agent for The Lofts strong and as soon as I signed up, ev- tion was horrible, but it closed and every- there is a solution. I’ve learned to be cool, at South Bluffs at a time when the condo erything tanked,” said Dacus. “We didn’t one was happy. Then I knew what I could calm and Zen.”

emphasis: RESIDENTIAL REAL ESTATE Fannie’s Record Profit a Symbol of Housing Rebound

MARCY GORDON | AP Business Writer

ASHINGTON (AP) – Home prices are up. Fore- financial crisis. housing boom and failed to thoroughly check incomes closures are down. Construction is up. And now Fannie still has a long way to go to repay taxpayers. It and assets. High-interest loans, some with low “teaser” Wcomes the latest sign of the U.S. home market’s received $116 billion in aid. So far, it’s repaid $35.6 billion. rates, were doled out to risky borrowers. revival: Fannie Mae, the mortgage giant that nearly col- Freddie received $72 billion and has paid back nearly Now, the two companies are benefiting from the home lapsed five years ago, has earned its biggest yearly profit $24 billion. Freddie has reported positive earnings for five market’s steady recovery. Nationally, prices have risen ever. straight quarters. nearly 9 percent since bottoming in March 2012. The Fannie Mae earned $17.2 billion last year and said Fannie and Freddie don’t actually make loans. But they number of homes repossessed by lenders has reached its Tuesday that it expects to stay profitable for “the foresee- exert huge influence in the housing market because they lowest point since September 2007, according to Realty- able future.” It also paid $11.6 billion in dividends to the help make loans available. They do so by buying mortgag- Trac, a foreclosure listing firm. U.S. Treasury in 2012. es from lenders, packaging them as bonds, guaranteeing And the proportion of loans Fannie holds or guaran- And last year was Fannie’s first since its takeover by them against default and selling them to investors. tees that are at least 90 days’ delinquent is down: The fig- the government in 2008 that it asked for no federal aid. Together, Fannie and Freddie together own or guar- ure dropped to 3.3 percent at the end of 2012, compared As recently as 2011, Fannie lost nearly $17 billion and antee about half of all U.S. mortgages – nearly 31 million with 5.5 percent in early 2010. requested nearly $26 billion in aid. home loans worth $5 trillion. And along with other federal Fannie earned $7.6 billion in the October-December Once symbols of the reckless risk-taking that fed the agencies, they back about 90 percent of new mortgages. quarter, a quarterly record for the company. housing bubble, Fannie and its smaller sibling Freddie The two companies nearly folded because of huge Mac were seized by the government in 2008 after they losses on risky mortgages they purchased. Fannie and Copyright 2013 The Associated Press. All rights reserved. were buried by bad mortgages. Taxpayers have spent $188 Freddie bore some responsibility for those losses. Like This material may not be published, broadcast, rewritten or billion to rescue the two firms – the costliest bailout of the banks, they relaxed their lending standards during the redistributed. 18 April 12-18, 2013 www.thememphisnews.com

emphasis: RESIDENTIAL REAL ESTATE MAAR Hosts Housing Huddle

2013 residential real estate summit spotlights positives for Memphis home sales market

ANDY MEEK | The Memphis News Caylor is predict- ing – that the association is still optimistic its emphis Area Association of members will see Realtors president Regina a double-digit per- M Hubbard got an unabashed formance increase response from the crowd at the German- collectively year town Performing Arts Centre during the over year by the real estate group’s 2013 Residential Real end of 2013. Estate Summit. Among Yun’s Hubbard, who has been a major con- predictions for the tributor to the local real estate industry near future that for almost two decades, said things are will have an effect looking up for Memphis and the broader on the local real Memphis region when it comes to resi- estate and finan- dential real estate. cial industries: he And when she did, a loud “woo hoo!” expects inflation echoed through the auditorium. to tick “noticeably Indeed, a more subdued version of higher” in 2015. that response pervaded the rest of the That’s because at summit’s speakers, the featured speaker some point, the of which was Lawrence Yun, chief Federal Reserve is economist for the National Association of expected to pull Realtors. out the liquidity it’s The Tuesday, April 2, event was spon- pumped into the sored in part by The Daily News, along system to support with Community Mortgage, Wells Fargo the economy, at Home Mortgage, the Tennessee Housing which time safe Development Agency and the law firm of haven investments Fearnley, Martin & McDonald PLLC. Photo: Lance Murphey would be more “The market has clearly turned for Dr. Lawrence Yun, chief economist of the National Association of Realtors, speaks about trends in the real attractive and in- the better,” Yun said. “Memphis, though, estate market at the 2013 Residential Real Estate Summit at the Germantown Performing Arts Centre. terest rates would is about a step slower than the rest of the start to rise. country. But Memphis entered the down- is more than $45,000, the latter figure between 2005 and 2009. Yun doesn’t see that rise starting to turn about a step behind the rest of the including money from costs related to The most recent home permit num- happen much this year, but he thinks it country, too.” the home sale. When someone buys a bers for Shelby County showed a flat will in 2014. Why? Parking spots were hard to come by home in an area, for example, they may February compared to the same month “One reason is good, and that’s be- at the Germantown venue for attendees, spend money at restaurants near where in 2012. Shelby County homebuilders cause the economy is growing,” he said. and the turnout was such that soon after they live, go to events in the area, pay for filed 70 permits in February averaging “Businesses are flush with cash.” the event got under way almost all of the remodeling, repairs and more. 3,142 square feet and $222,975, accord- Using a football analogy to illustrate lower section of the main GPAC audito- Don Caylor, president of the Memphis ing to real estate information company the position of the American economy, rium was filled. And the upper level of the Area Home Builders Association, said this Chandler Reports, www.chandlerreports. though, Yun said America “has not space was about half full. year the organization is expecting better com. That compared to 72 permits filed kicked a field goal” in years, while China To underscore the lift that residential than a 20 percent increase in building in February 2012, averaging 3,520 square is scoring touchdown after touchdown. real estate can bring to the economy, starts. Which is welcome news and puts feet and $294,109. The good news, he added, is that at least Hubbard noted that the economic multi- firmly in the rearview mirror the double- Nevertheless, MAHBA executive things are moving in the right direction at plier effect of the sale of a $127,000 home digit slump local homebuilders saw director Don Glays said at the time – like the moment.

Real Estate On 30 A Garner Chandler: Helping Buyers & Sellers Garner Chandler CRE®,CCIM, Broker Associate Navigate the Waters of Real Estate C. 850.218.1020 O. 850.213.5000 in Destin & South Walton [email protected] for over 10 years! www.thememphisnews.com April 12-18, 2013 19

emphasis: RESIDENTIAL REAL ESTATE Housing, Manufacturing Give US Economy Lift martin crutsinger | AP Economics Writer

Key industries bolster winter months, sparking hope that springtime will bring more good news

ASHINGTON (AP) – Gains in busier in February, according to the Com- economic conditions. spring. The job gains helped lower the housing and manufacturing merce Department report on durable Some economists think the timing unemployment rate in February to a four- W propelled the U.S. economy goods orders. of the survey may have exacerbated the year low of 7.7 percent. over the winter, according to reports February’s increase was driven by decline. Christopher expects economic growth released Tuesday, and analysts say they a surge in commercial aircraft orders, The survey was conducted from in the January-March quarter to rise at point to the resilience of consumers and which tend to be volatile. Still, orders March 1 through March 14, just as $85 a 2.9 percent annual rate. That would businesses as government spending cuts billion in automatic spending cuts began. follow a meager gain of 0.1 percent in the kick in. Consumers were already feeling pinched October-December quarter, which was U.S. home prices rose 8.1 percent in by higher Social Security taxes that have largely due to temporary factors, includ- January, the fastest annual rate since the reduced take-home pay for most work- ing sharp cuts in defense spending. peak of the housing boom in the summer ers this year. And gas prices rose sharply Naroff says the government spend- of 2006. And demand for longer-lasting in February, before easing slightly this ing cuts taking effect, known as seques- factory goods jumped 5.7 percent in Feb- month. tration, could reduce growth by a full ruary, the biggest increase in five months. “It was sort of a perfect storm,” said percentage point this year. Still, even with February new-home sales and March Chris G. Christopher Jr., director of con- the drag, he expects economic growth for consumer confidence looked a little sumer economics at IHS Global Insight. 2013 to be around 2.6 percent. That would shakier. But the overall picture of an “I do expect confidence to rebound as be better than the 2.2 percent growth in improving economy drove stocks higher long as there is no government shutdown 2012. on Tuesday. The Dow Jones industrial and the political bickering in Washington average rose 99 points in late-afternoon doesn’t reach a fever pitch.” AP Business Writers Paul Wiseman and trading. The Standard & Poor’s 500 index A healthier job market is also likely to Marcy Gordon contributed to this report. gained 10 points. make people feel a little better about their “There is nothing in this data that says finances. Copyright 2013 The Associated Press. the economy is falling back,” said Joel Employers have added an average of All rights reserved. This material may Naroff, chief economist at Naroff Eco- 200,000 jobs per month since November. not be published, broadcast, rewritten or nomic Advisors. We are still far from the That’s nearly double the average from last redistributed. A recovery in housing has helped lift healthy level of 700,000, the economy this year and is finally re- storing some of the wealth lost during the but we’re slowly making Great Recession. our way in that direction. The year-over-year rise in home prices We just have to accept the reported by the Standard & Poor’s/Case fact that the path will be Shiller 20-city index was the fastest since “ interrupted once in a while June 2006. Prices rose in all 20 cities and eight markets posted double-digit in- and that’s what happened in creases, including some of the hardest hit February.” during the crisis. Prices rose 23.2 percent – Jennifer Lee in Phoenix, 17.5 percent in San Francisco Senior economist, BMO Capital Markets. and 15.3 percent in Las Vegas. The strength in home prices has far from erased all the damage from the crisis. Home prices nationwide are still 29 percent below their peak reached in for motor vehicles and parts increased August 2006. solidly, suggesting demand for cars and Still, steady gains should encourage trucks remains strong. more people to buy and put their homes Orders for machinery and other goods on the market, keeping the recovery go- that signal business investment plans fell ing. And higher home prices make people sharply in February. But the decline fol- feel wealthier, which leads consumers to lowed the biggest monthly gain in nearly spend more and drives more economic three years. Economists had expected growth. companies to ease up after January’s Sales of new homes cooled off in spending spree. When looking at the February to a seasonally adjusted an- two months together, business invest- nual rate of 411,000. That’s down from ment has accelerated from the end of last January’s pace of 431,000, which was the year and should contribute to economic fastest since September 2008. But Febru- growth. ary’s pace was still better than every other “The picture of business spending to month since April 2010, when a tempo- start the year is fairly healthy,” said Dan rary home-buying tax credit was boosting Greenhaus, chief global strategist at BTIG sales. And sales are 12.3 percent higher One concern is that tax increases and than a year ago. government spending cuts could stunt “We are still far from the healthy the economy’s momentum. Both weighed level of 700,000, but we’re slowly making on consumers’ minds in March. our way in that direction,” said Jennifer The Conference Board, a New York- Lee, senior economist with BMO Capital based private research group, said its Markets. “We just have to accept the fact Consumer Confidence Index fell to 59.7 that the path will be interrupted once this month, down from 68 in February. in a while and that’s what happened in The decline was mainly due to a drop in February.” expectations for the economy over the Manufacturing is also boosting the next six months, though consumers also economy this year, and factories were were more pessimistic regarding current 20 April 12-18, 2013 www.thememphisnews.com

COVER STORy

Rocky the Redbird entertains the crowd as the Memphis Redbirds open the season against the Oklahoma City Redhawks at AutoZone Park. The recent news that the St. Louis Cardinals were again exploring the possibility of buying the Redbirds immediately created hope, but also reminded of a complicated reality – the need for the city’s involvement. In Need of Relief Ownership, ballpark issues again surround Redbirds as season opens

Story by Don Wade : Photos by Lance murhpey of seats in a minor-league ballpark. God Pontius in 2012 described the debt as “just love Dean and his vision, but we would do in excess of what a Triple-A baseball team a lot better with 8,000 seats.” could carry.” A quick look at the scorebook details How much in excess? On paper, more Perhaps it is only too appropriate Today, the nonprofit Redbirds Foun- the challenges: The construction of the than $57 million of the original stadium that baseball is played without a clock. dation owns the Redbirds and AutoZone ballpark was funded by $72 million in debt is still owed, Pohlman said. Mean- For securing the future of the Memphis Park, and the name of the game is debt. bonds. In 2009, the foundation defaulted time, interest is outpacing bond payments. Redbirds may require extra innings, not to In 2013 that celebrated overachievement on a bond payment. Pontius said in an email: “Our payment mention extra effort. that was, is, AutoZone Park now looks like Local management group Blues City (on the bonds) is less than the interest that The ballpark was on the leading edge a major miscalculation that cannot be Baseball was dispatched in favor of Global is accruing, so our balance goes up each of revitalizing Downtown when it opened solved easily or quickly. Spectrum, a Philadelphia-based company. year.” in 2000 at Third and Union. This, of course, The recent news that the St. Louis Car- In 2010, Fundamental Advisors, a New Pohlman said a deal with the Cardi- was “B.G.” in Memphis – Before the Griz- dinals were again exploring the possibility York-based private equity firm, bought the nals, or anyone else for that matter, “is not zlies. Also, before FedExForum. The city of buying the Redbirds immediately cre- bonds at a discount – for a reported $24 imminent.” But recent comments from was ready for something big and bold – ated hope, but also reminded of a compli- million. Cardinals chairman William DeWitt Jr. to something that showed Memphis could cated reality. In 2011, the Redbirds’ expenses ap- the Wall Street Journal seemed to leave the overachieve, not underachieve. “Whether it’s with the Cardinals or proached $18 million while their revenue possibility of a Cardinal connection wide Back then, Dean Jernigan insisted anybody else, the city’s going to have to was just under $14 million. The size of open: “The city of Memphis is Cardinal that he and wife, Kristi, be referred to as be involved” in any sale of the team and the original debt and the year-to-year country. We’ve been there since the park the Redbirds’ “founders,” not owners. The stadium, said foundation president Ray revenues/expenses equation has made opened and we hope this transaction Redbirds existed in large measure, Jernigan Pohlman. “Forty-seven suites is a lot of it difficult for the foundation to make would keep us there for many years to Psaid, to be a “community asset.” suites and 12,500 permanent seats is a lot any headway. Foundation treasurer John come.” www.thememphisnews.com April 12-18, 2013 21

Pohlman said Jernigan always had in field wall.” mind the idea of selling to the Cardinals Still, the Redbirds have advantages and that discussions have continued for the Grizzlies do not. FedExForum’s best several years. But the Cardinals have no atmospheres are dependent on the interest in owning the ballpark, just their magnitude of the games being played and Triple-A affiliate (the Cardinals own some the quality of the games being played. A of their other minor-league affiliates, good atmosphere at AutoZone Park really including their Double-A team in Spring- just requires a little sunshine and warm field, Mo.). temperatures, maybe a hotdog and a cold “Nobody out there is going to want to beer. The Redbirds are featuring a lot of buy a stadium,” Pohlman said. weeknight promotions and they have also Unfortunately, this might include the gotten creative with, not a 5K race, but a city of Memphis unless all the layers of “0K” race on June 9. detail can be worked out to satisfaction. “Adam came up with the 0K and every- Memphis Mayor A C Wharton Jr. issued body loves getting a T-shirt, so let’s just get a statement that seemed to walk the line down to the fun stuff, the participation in between trying to ensure AutoZone Park the event, the Redbirds game,” Weiss said. remains open for business and yet doesn’t “And I’m a runner. We’re not making fun (of put the city in a vulnerable position. The 5Ks). It’s just a fun thing for mom, dad, the statement said, in part, that the city would two kids.” “exercise the required due diligence as we And it comes at a time when ap- reach a decision as to how the city can pro- parently minor-league baseball has no tect its interest and this critical asset.” promotional limits. The Lehigh Valley Iron Asked if AutoZone Park is “too big to Pigs installed urinal video games in the fail,” Pohlman replied: “In my mind, it’s too men’s bathrooms. And yes, every bad joke important to fail.” already has been made – streaming media, In theory, if the Cardinals were to pissing money away, making a splash, purchase the Redbirds and the city to pur- stream of consciousness, and on and on. chase the stadium (something that would “It’s a European product,” Weiss said, require council approval), the Cardinals no pun intended. would sign a long-term lease and their “From a marketing perspective, I like lease payments ultimately would pay for that they tried it,” Goldberg said. “I love buying the ballpark. Even so, the city might to be on the cutting edge. Sometimes you have to borrow millions of dollars to buy don’t know where that is. You can’t bat a the park in the first place. thousand when it comes to marketing “Fundamental Advisors still owns the ideas. I told our staff here, ‘you’re gonna bonds and the foundation still owns the fail, things will not work, but at least try franchise and the ballpark,” Pohlman said. these things.’” “They’re both for sale. What the founda- While sales and promotions perhaps tion wants is to make sure that whatever have the biggest roles in lifting Redbirds at- tendance and revenue, the caliber of play deal is presented is in the best interests of Cardinals chairman William DeWitt Jr. told the Wall Street Journal: “The city of Mem- the community. We’re trying to make sure phis is Cardinal country. We’ve been there since the park opened and we hope this on the field can help. And having real pros- we can continue to play baseball at Third transaction would keep us there for many years to come.” pects on their way to potential stardom and Union. That’s our goal.” in St. Louis can’t hurt. The Redbirds have Day to day, the running of the team that in outfielder Oscar Taveras, second and ballpark falls to Global Spectrum’s baseman Kolten Wong and pitcher Michael Ben Weiss, who is the Redbirds’ general Wacha, among others. manager. In 2012, the Pacific Coast League John Vuch, Cardinals farm director, be- named Weiss its Executive of the Year. lieves Taveras, 20, an outfielder and base- The 2012 season also saw AutoZone Park ball’s No. 3-rated prospect, will someday add minor-league baseball’s largest video hit for average and power in St. Louis. board. “He’s an exciting player, a fun player,” The Redbirds’ attendance last season Vuch said. “Fans will enjoy watching him.” was 493,706, flat from 2011 but up from The Redbirds suffered through a miser- the 462,041 they drew in 2010 when the able 2012 season and manager Pop Warner economy was in a deep rut. Still, it’s a long said: “I heard a few things coaching third way from the franchise record of 887,976 in base, that’s for sure. I feel a lot of responsi- 2001 (the park’s second year), or even the bility. It’s my job to get guys ready. Devel- nearly 700,000 fans who came to the park opment is first and foremost, but winning in 2005. goes hand-in-hand.” What Pohlman said about AutoZone Suffice to say, the Redbirds are look- Park being too big for its own good ing for a better return on the investment resonates with marketing director Adam everywhere, but baseball is not a game for Goldberg. hurrying. Patience is the greater virtue. “It just reduces the urgency to buy a Working the count in your favor. Picking seat in advance,” Goldberg said. “That’s the right time to hit-and-run or lay down a why weather and walk-up is so important sacrifice bunt. to us. People wait to the last minute.” “Our bondholders, they’re looking for Said Weiss: “It’s very difficult selling profit, obviously,” Pohlman said. “But John full-season tickets when you don’t have those picnics and little leagues out here, John Pugliese, senior director of mar- (Pontius) and I and the rest of the Redbirds that supply and demand.” church groups.” keting communications, says the Grizzlies Foundation’s board are just trying to make Weiss said the Redbirds have a The Memphis market isn’t just chal- try to “push those games over the top; that sure (any deal) gets done right. There’s no little more than 2,000 full-season-ticket lenging for the minor-league Redbirds. The will help sell lower-demand games.” clock for this. equivalents: “Our sales guys are here late, Grizzlies and Redbirds both sometimes The Redbirds, however, have no big- “The bondholders would like to see the phone calls are going out. We’ve got struggle with weeknight games. In the name foes and no individual star power. it done soonest and the Cardinals, now tremendous season-ticket holders in this Grizzlies’ case, the opponent can play a It’s just the nature of minor-league base- they’ve been identified as prospective market that love the Redbirds, love the huge factor, too. The Grizzlies usually can ball. buyers, would probably like to see it done Cardinals and come back every year. We’re count on sellouts against marquee teams “The only icon in this organization soonest,” Pohlman continued. “But the lucky to have that because there are other like the Miami Heat, who make only one is Rockey (the Redbird),” Pohlman said. city’s a major player in this thing. It’s going markets not too far away that don’t have trip to Memphis each season, and the “We’ve got one (former) player people to be on the council’s timetable. I think fans like we have. Once the season starts, Los Angeles Lakers and Oklahoma City identify with in Stubby Clapp and that’s that’s called the political reality of the situ- it’s selling those group tickets, getting Thunder. why his uniform number is on the center- ation.” 22 April 12-18, 2013 www.thememphisnews.com

RESTAURANT INDUSTRY

Shakin’ Up Beale BILL DRIES | The Memphis News

Chris Gray of Memphis Jerry Lee Lewis’ Cafe Delta Tent and Awning works on the balcony and Honky Tonk of the new Jerry Lee Lewis’ Cafe and Honky about to open Tonk, which is open- ing at the old Pat O’Brien’s location at he newest addition to Beale Street 310 Beale St. is a Memphis music legend. T Jerry Lee Lewis, the last living “He’s asked to member of the Sun Records’ “Million play once a month,” Dollar Quartet,” is lending his name and Chittom said of Lewis personal items to a nightspot at 310 Beale performing at his new St. namesake club. “But Jerry Lee Lewis’ Café and Honky Tonk I don’t know that that – at the corner of Beale and Handy Circle stands up as well as go- in the former Pat O’Brien’s space – will ing outdoors in Handy have a preview opening Friday, April 12, a Park. … I don’t think I soft opening April 26 and a more formal have a room to hold it. grand opening April 27. But I would love to see The new nightspot will feature him go outdoors some.” memorabilia from Lewis’ long and storied Lewis’ name was career, including an old piano brought one of several courted from Ferriday, La., by Lewis and his father by developers of the when Lewis came to Memphis in the district since the reno-

1950s to audition for Sun Records founder Photo: Lance Murphey vated district reopened Sam Phillips. in 1983. There is also a two-seat Cadillac Eldo- which was built to specifications for a Pat in the district that are wall to wall from Lewis committed to a club bearing rado from the 1980s, 19 gold records and a O’Brien’s restaurant and bar long sought the north side of the street to the south his name in 1992 just beyond the western soft tail 100th anniversary Harley David- by district manager and developer Per- side. border of the district, on the western side son with 47 miles on it that was presented forma Entertainment. It opened in 2002 “It won’t be like a Hard Rock (Café) of Second Street. to Lewis in 2003. and closed in 2008. where you go in and eat a hamburger Jerry Lee Lewis’s Spot, owned by The club’s manager is Bud Chittom, It was Ground Zero Blues Club briefly. and see somebody’s guitar. It will kind former Shelby County Commissioner whose other interests include Blues City Last year, Chittom and Preston Lamm of show behind the scenes and more of Joe Cooper, opened in March 1993 in the Café at Beale and Second, and the new opened the location as “Dancing Jim- the personal look,” Chittom said. “It will building at 130 Beale St. that had been oc- restaurant at Beale Street Landing that is my’s,” which had three banquet halls for be Jerry and he’s working this year with cupied for decades by the Lansky’s store in the build-out phase and should open rent and a corner bar. “Dancing Jimmy’s” Memphis in May. He’s been wanting to get and later by Elvis Presley’s, the short-lived soon. opened about a year ago. out again.” Graceland-run Elvis-themed restaurant. “I’ve had the building about a year Now Chittom is preparing for another Lewis is now a regular performer each The Jerry Lee Lewis incarnation and these places kind of present them- opening in time to capture some of the year at the Beale Street Music Festival. opened with a performance by Lewis just selves slow and what you are going to do traffic from the Beale Street Music Festival He has a much longer history of per- two months before he went into tax exile and how you are going to do it,” Chittom May 3-5, the first weekend of the Mem- forming in local nightspots from the old for a brief period in Ireland. said. “It’s showing up now.” phis in May International Festival. Hernando’s Hideaway off Brooks Road in By the time Lewis returned to the The Jerry Lee Lewis theme is the The spring and summer nights, espe- Whitehaven to the nearby Brooks Road Memphis area, the restaurant nightspot third makeover for the nightspot, cially those during the festival, see crowds nightspot “Bad Bob’s Vapors.” was done.

Absolutely, Positively Bullish on Memphis’ Advantages

It’s certainly old news to say and more to come in 2013, it is eye open- “Amazon tax” that requires out-of-state betting the cost to the consumer for this that the Internet is changing the way we ing to learn how they’ve made decisions retailers to collect sales tax even when same-day luxury will be steep.) But the do business today. And most assuredly, with regard to fulfillment center locations. they do not have a physical presence fact remains that only nine U.S. MSAs we’ve only seen the tip of the iceberg. To quote a January article titled in the state but do have affiliates in the have populations of more than 5 million. It’s not so farfetched to imagine a world “Amazon.com Distribution Network” writ- state. The law was just recently upheld by That leaves the bulk of the U.S. popula- where virtually everything is delivered, ten by the logistics consulting company the New York Supreme Court. tion, a huge percentage of which lies well, virtually. Maybe in MWVPL: “Amazon.com’s Tax incentives have also played a ma- within 24 to 48 hours’ delivery time from 2060’s, the decade in which ANDY CATES distribution network strategy jor role in Amazon’s location selection in Memphis. the futuristic Jetsons cartoon GUEST COLUMN is interesting because it does the past. Tennessee, home of five Amazon And who knows what Memphis-based was set. Until then, while not necessarily reflect an op- distribution facilities, is among the states delivery giant FedEx will do over the next eCommerce is having a growing impact timized distribution network in terms of that have used incentives to entice the decade to further reduce delivery times? on where and how people shop, the fact serving the U.S. population from the opti- company. Given the significant logistics advan- of the matter is that goods still have to mal geographical location. Until recently But Amazon’s strategy is changing, tages offered by the Memphis MSA, my get to the consumer. location decisions in the U.S. have been with the goal to optimize same-day deliv- money is still absolutely, positively on So what are the drivers in today’s made based on proximity to customers in ery for as many customers as possible. our market to continue attracting major growing eCommerce-driven world for concentrated areas and state tax implica- Not quite virtual delivery, but think about distribution centers, even those that selecting distribution locations? tions.” it. Order it in the morning and have it de- service eCommerce, direct-to-consumer It’s intriguing to consider Amazon. Amazon has, for years, been able livered to your doorstep before the day is companies. com, the world’s largest online retailer to avoid charging customers sales tax. out. It’s a last-minute shopper’s paradise. with projected sales of $100 billion by Those days may be coming to a close as This “absolutely have to have it now” Andy Cates is executive vice president 2015. states are following suit behind New York, distribution strategy certainly bodes well of Brokerage Services for Colliers Interna- With 80 fulfillment centers worldwide which passed what has been dubbed the for major urban centers, (though I’m tional in Memphis. www.thememphisnews.com April 12-18, 2013 23

There’s a Clear Winner in Market Power Versus Brute Force Battle

Pushing too hard? meet users real needs. Add a bomb from force and authentic market power. On the other hand, when things are Often a rush to hit short-term num- your professional experience here ___. Force helped birth the industrial revo- forced, you find yet another company for bers or an over-caffeinated executive can There are too many. There are too lution, but is a brute, blunt, and inelegant sale, more products at the closeout store, force some costly many forced agen- way to finish anything in business today. and disgruntled employees. mistakes. Failed das, pet projects, Real market power shares the verities of Why force anything today when the product launches. products and wisdom: self knowledge, a sense of others world has too many choices to begin A weak but bloated services zealously and the ability to read between the lines with? Instead, get real market power by product pipeline. A guarded by the ego and see a real need, an actual benefit for empathizing with customers and craft- service in desperate patrols and syco- your product or service. ing something of real and usable value to need of reinvention phants. The world is Market power creates fans, brand their lives. but too entrenched already overstuffed evangelists, and loyalty. Market power Go away, brute. Your tricks don’t work JOCELYN ATKINSON and in love with its & michael graber with such glut. Do us always finds traction in the field by con- anymore. own methods too let’s grow all a favor and stop necting with its intended audiences in change. A company forcing things to both fundamentally expected and wildly Jocelyn Atkinson and Michael Graber that charges ahead blindly, carrying dead happen just because you feel so moti- unexpected ways. This type of power can run the Southern Growth Studio, a strategic weight and a dying value proposition to vated. be measured with sales, brand equity, and growth firm based in Memphis. Visit www. the market. A feature set that doesn’t There is a critical difference between breakout potential. southerngrowthstudio.com to learn more.

4760 show case blvd. and then Rhodes will take over, al- memphis, TN 38118 though plans for the property won’t REAL ESTATE RECAP be known for a while. Sale Amount: $4.2 million Evergreen bought the University Sale Date: March 28, 2013 Street property from Rhodes in 1947 Buyer: Leeward Strategic Proper- and broke ground on the church New York Company Buys ties Inc. in 1950, moving from its previous Seller: W2007 BRV Realty LP locale at 1663 Autumn. Details: An entity related to GE The campus includes a sanctu- Country Squire for $49.2M Capital Real Estate has paid $4.2 ary, education building and gym- million for the 89-unit Fairfield Inn nasium, along with a playground ERIC SMITH | The Memphis News & Suites Memphis at 4760 Show and soccer fields. The tax-exempt Case Blvd. near Interstate 240 and property had a 2012 appraised value South Perkins Road. of $1.2 million, according to the Leeward Strategic Properties Shelby County Assessor of Property. Country Squire Apartments Inc. bought the 27,772-square-foot The Rev. Kenneth Letterman hotel in a March 28 limited warran- signed the warranty deed on behalf

Raleigh Lagrange Rd ty deed from W2007 BRV Realty LP, of Evergreen, whose members may

N Germantown Pkwy which is related to Archon Group still meet at the church after the LP and Goldman Sachs & Co. No two-year transition period, accord- financing was associated with the ing to media reports. transaction. Built in 1999, the four-story hotel 3606 hawkins mill road sits on 1.5 acres along the north memphis, TN 38128 side of Show Case Boulevard near its intersection with Perkins and Sale Amount: $1.1 million

Walnut Grove Rd adjacent to the high-rise Memphis Sale Date: March 26, 2013 Marriott. Buyer: Memphis Academy of Health The Shelby County Assessor of Sciences High School Property’s 2013 appraisal is $1.6 Seller: Breath of Life Christian Cen- Timber Creek Dr million. ter Church Inc. 8056 country squire lane. • cordova, TN 38018 The hotel last sold in 2007 when Loan Amounts: $950,000; $220,000 W2007 BRV Realty LP paid $4.6 mil- Loan Dates: March 26, 2013 8056 country squire lane lion for the property from Encore Maturity Dates: N/A cordova, TN 38018 Memphis FF LLC. Lenders: Self-Help Credit Union; Breath of Life Christian Center Sale Amount: $49.2 million 613 University st. Church Inc. Sale Date: March 28, 2013 memphis, TN 38112 Details: The Memphis Academy Buyer: CLK LV NRFC Country Squire Owner LLC of Health Sciences High School Seller: Country Squire – Brookside LLC Sale Amount: $2.6 million has paid $1.1 million for a vacant Loan Amount: $39.6 million Sale Date: March 28, 2013 parcel at 3606 Hawkins Mill Road in Loan Date: March 28, 2013 Buyer: Rhodes College Raleigh. Maturity Date: N/A Seller: Evergreen Presbyterian The charter school bought Lender: JPMorgan Chase Bank NA Church of Memphis Inc. the 1-acre property that is zoned Details: An affiliate of New York-based CLK Longview has paid $49.2 million for the Details: Rhodes College has paid residential March 26 from Breath of 972-unit Country Squire Apartments in Cordova. The single-purpose entity CLK LV $2.6 million for neighboring Ever- Life Christian Center Church Inc., NRFC Country Squire Owner LLC bought the sprawling multifamily complex at the green Presbyterian Church at 613 whose campus fronts the parcel. corner of Germantown Parkway and Walnut Grove Road in a March 28 special war- University St. Breath of Life sits on the north ranty deed from Country Squire – Brookside LLC. The college and the church an- side of Hawkins Mill Road between Richard L. “Rick” Fogelman of Memphis-based Fogelman Realty Group LLC nounced in January an agreement Hobson and Old Allen roads. signed the warranty deed as manager of Country Squire – Brookside LLC. for the liberal arts college at 2000 Memphis Academy of Health “My father, Avron Fogelman, developed Country Squire in the early and mid N. Parkway to acquire the church’s Sciences High School filed two 1980s,” Fogelman said in a prepared statement. “With Country Squire, he intro- buildings and its 9.7-acre campus in loans in conjunction with the pur- duced a brand new apartment living environment to Memphis, featuring a large two years. chase – one for $950,000 through and heavily wooded site, multiple lakes and fountains, swimming pools, tennis The sale closed March 28. Ev- Self-Help Credit Union and one for courts and other amenities.” ergreen will continue to operate at $220,000 through the seller. In conjunction with the purchase, the buyer filed a $39.6 million loan. the location for the next 24 months, MAHS opened July 21, 2003. 24 April 12-18, 2013 www.thememphisnews.com

Judge v. Doc – memphis Law Talk Now Settled Probate Judge Gomes Something happened recently that cries out for me to get a column from it. I got an email from a friend with a link to a “health column” in a ski resort town newspaper somewhere in these Chose Legal Career United States. The column’s author was a doctor with a clinic in the ski village. The column started, “Stem cell therapy is mini- mally invasive” – words to that effect. It went on to say something like “Noteworthy athletes who’ve To Help Others had it include Kobe Bryant and Peyton Manning.”

Then it said that in a richard j. alley | Special to The Memphis News recent “article … Vic Flem- ing, a judge from Little Rock, has documented his success with a stem cell procedure.” There Chattanooga native appointed by County Commission to take followed a quotation from seat being vacated by Probate Court Judge Robert Benham my column earlier this VIC FLEMING year in which I updated I SWEAR the world on my platelet- t was no joke when, changed. She segued into rich plasma injection of on April 1, Kathleen the area and has loved it two years ago. IGomes was appointed ever since, a reflection on The health column ended with a note that the by the Shelby County the help her mother gave writer offers stem cell therapy in his clinic. So, Commission to take the people and what she was where’s the beef? How can I complain about being seat being vacated by retir- limited in giving. written up with Peyton and Kobe?! ing Probate Court Judge “It goes back to the Since the column touted the business of the Robert Benham. original roots of why I doctor who wrote it, I felt that, at a minimum, it Gomes will run next became a lawyer to begin would have been appropriate to get my permission year when the position, with, in Probate Court before using my name and quoting me. A casual an eight-year term, comes you really do get to help reader might infer that the column’s author had up again for vote, but the people,” she said. “You treated me and that, through my “article,” I was en- recent appointment was see people at their most dorsing his the fulfillment of a lifelong vulnerable, either that they practice. dream that began when have just lost someone or I Swear Crossword Also, while she was a child growing up they have a parent who stem cells in Chattanooga. needs assistance or they Fleming’s weekly puzzle Page 31 are in PRP, “My mother was a so- have a child who’s mentally I don’t cial worker so I was raised ill and needs the assistance think of my injection as stem cell therapy. around the idea of trying of the court.” After sleeping on it, I called the doc in the ski to help people,” Gomes It’s an immediate help, village, leaving a message on his voice mail. My call said. “But after seeing that too, she says, and not the was returned in short order. In a low-key manner, she didn’t really have a lot sort of long, invested law- I told the doc that while Kobe, Peyton, and I would of authority to help people suits that might take years make a formidable three-on-three basketball or other than what she was before results are realized. football team, I believed that he should have asked restricted to do, when I GOMES “I find that rewarding,” my permission before running that column. was in college, I decided Gomes said. “It’s one of the I was hardly prepared for his response. “You’re that the only way to really few areas of the law, to me, absolutely right,” he said. “I screwed up. I take full help people was to be a lawyer.” that you can sit back and finish responsibility and I will either pull the column in full She studied political science at the day and know that you helped someone.” or pull the paragraph about you as soon as pos- the University of Tennessee-Chatta- nooga and then ventured across the If that weren’t enough for sible – whichever you want.” state to the University of Memphis It goes back to the Gomes, she also sits on the board We then had a nice chat. He’d recognized Cecil C. Humphreys School of Law. original roots of why I of Arc of the Mid-South, an agency my name from the voice mail, reread his column After the first semester, how- that provides advocacy and ser- and pulled up my column. He allowed as how his became a lawyer to begin ever, she moved to Washington for vices for individuals with disabili- column had been mostly the work of a PR firm, but with, in Probate Court the opportunity to work for a new ties such as autism, cerebral palsy, he’d approved it and thought my story had been as you really do get to help congresswoman from Chattanooga Down syndrome and muscular fully vetted as the stories about Kobe and Peyton – for a year. She returned, finished people. You see people dystrophy. who, he said, had different procedures than me. “ the first year of law school, and at their most vulnerable, Her appointment as judge is An hour later the paragraph about me was then was asked by state treasurer either that they have just another way her life has come gone from the online version of the column. A Harlan Mathews to work for him in full circle and back to the sense of few thousand hard copies are, presumably, now lost someone or they Nashville. responsibility instilled in her by in recycle bins in and around the resort village. I have a parent who needs She finished her stop-and-go her mother. It’s the authority she’s marveled that a person against whom I’d stated a law student career in 1980 and went assistance or they have looked for to really make a differ- complaint had responded not with a defense but a to work for the law firm represent- a child who’s mentally ill ence in the lives of those who need concession and a full apology. How regrettable that ing the William B. Tanner Co. media and needs the assistance help. this is so rare. empire. of the court.” “There are a lot of things I’ve The matter fully settled, I boasted about it “I’m a singer, and originally been talking with a number of at lunch today with my lawyers. Who immedi- wanted to do entertainment law as – Kathleen Gomes lawyers about that we can do and ately chastised me for not demanding a four-day well as other things, so I got a job get more involved in the commu- weekend settlement conference in the ski village, with the law firm that represented nity as far as letting people know with them and me present – at the doc’s PR firm’s the Tanner Co.,” she said. cases and transfer them and clients what things are available,” she said. expense. I made them pay for lunch. After a few years Gomes went out to other attorneys. Cases pending in “I think that we need to do more as on her own and has been with Pep- Benham’s courtroom, as well, will be a bar association or as lawyers – and Vic Fleming is a district court judge in Little Rock, pel, Gomes & MacIntosh PC for 28 transferred to another. certainly as judges – to let people Ark., where he also teaches at the William H. Bowen years. Her area of expertise became, Gomes said probate used to be know what’s available and that’s School of Law. Contact him at [email protected]. and has been for the past 15 years, the practice of older lawyers whose something that I intend to do, and probate law. By law, she has six clients had died and needed wills also to keep an open door in my months to wind down her current and estates tended to, but that has courtroom.” www.thememphisnews.com April 12-18, 2013 25

Memphis STANDOUT Elmwood’s McCollum Honored to be Part of History

RICHARD J. ALLEY | Special to The Memphis News Not only does she now run the sort of who’ve never been here before organization she’d hoped to work for, but out into the cemetery and tell her job has her in charge of one of the old- the stories of individuals who est nonprofits in Tennessee. are buried here because it tells im McCollum is at home in the While a college student, she went to the story of Memphis.” company of Confederate generals, work for the Memphis Botanic Garden She is also in charge of Kmusicians, politicians, murderers and as an intern for the Pink Palace. Just development and raising the and civil rights leaders. before graduation it was suggested by a funds that will help keep the As executive director of the 161-year- friend that she apply for the position of cemetery running for another old Elmwood Cemetery, McCollum is in receptionist at the cemetery and she went century and a half. charge of the 80 acres that serves as the to work for the former director, Frances Last year, when the cem- final resting place to many of the city’s fa- Catmur. etery turned 160, McCollum be- mous, infamous and notorious, as well as She says of her first day on the job: gan the Evergreen 160 program thousands of yellow fever victims known “I don’t think I was prepared.” It was Vet- to offer families the opportunity and unknown. eran’s Day and Catmur handed McCollum to support Elmwood with a Despite such a portentous workplace, a camera and declared her photographer MCCOLLUM $160 donation. McCollum believes she is “working at the for the day’s remembrance events. Those families received a most beautiful place in Memphis.” “There was a man speaking at the gold plaque put on one of the Indeed, the cemetery is home to event who had fought at the Battle of the regional history in a way that had never oldest trees in memory of someone. almost 1,500 mature trees that bloom Bulge and we had just lost my grandfather been presented to me before.” This year those temporary plaques throughout the year and, she says, “I’m a couple of months before that and he was It is a job that is still filled with the will be taken down and a permanent one surrounded by angels in the cemetery, and in World War II,” McCollum said. “My first emotion of that first day, but McCollum will be put in the office within the Phillips the statues. How could you not want to day of work was a difficult day of work, I says she “feels like I blinked” in the time Cottage. come to work here? This place is breath- wasn’t really prepared for the emotional between being named director and today. Though the responsibility as caretaker taking.” charge of the day.” There are days filled with sales (though of such an integral part of the city’s history Raised in Southaven, where she still She wasn’t sure she was up to the job Elmwood has more than 75,000 inhabit- is immense, McCollum wouldn’t have lives with her two children, McCollum after that first day, but she persevered, and ants, there is still room for more) as well it any other way. It’s work that is its own attended Southaven High School and then within the year Catmur retired and McCol- as managing a staff that consists of an as- reward and that she’s reminded of daily the University of Memphis for a degree lum was promoted to director in 2005. sistant director, historian, superintendent when she looks from her office window or in English. Not quite sure how her degree “I started asking for stuff to do,” and full-time grounds crew. takes a stroll around the grounds. would translate into a career, she hoped McCollum said. “I was fine answering “A day can start with a committee “I feel really honored to have been to work in the nonprofit sector as a grant the telephone, but I knew that I loved meeting with my trustees and end up giv- allowed to be a part of Memphis history in writer or in marketing. Elmwood, I knew that I loved the his- ing a tour at the end of the day,” she said, this way,” she says, adding, “also, I’m going “I felt like I just wanted to do some torical aspect, I loved that I was given the continuing on about this, her favorite as- to be buried here and so I would like to good on some level, or try to,” she said. opportunity to learn about Memphis and pect of the job, “It’s so cool to take people keep the cemetery up.” 26 April 12-18, 2013 www.thememphisnews.com

Presented by Law & the courts

Are you working more hours and

making less money? AP Photo: Tony Gutierrez Robert F. Kennedy Jr., seen commenting during the opening minutes of an interview with journalist Charlie Rose in January in Dallas, will be the speaker at next month’s Mastering the Rockefeller Habits™ University of Memphis law school graduation. Four Decisions™ Executive Workshop Call to Action FOR CEOS, ENTREPRENEURS, AND YOUR

LEADERSHIP TEAMS ANDY MEEK | The Memphis News Did your company’s revenue and pro ts grow substantially last year? What are you doing differently this year?

obert F. Kennedy Jr.’s famous father a strong environment without a robust Rise above mediocrity! Invest a day with your leadership team and was a political iconoclast who democracy.” join the exceptional company of more than 20,000 executives who R captured the imagination of voters Kennedy, of course, is a well-known have attended this workshop and with stirring assurances in his speeches environmental advocate. He was arrested experienced results. like, “Each time a man stands up for an earlier this year during a climate change FREE ideal, he sends a tiny ripple of hope out rally along with other protestors who had All participants will receive a copy of into the world.” latched themselves to the White House SPEND A DAY WITH US AND Mastering the Rockefeller Habits Next month, the younger Kennedy will gate in a protest against the Keystone YOU WILL GAIN: bring a community-minded call-to-arms Pipeline. Kennedy is a professor of envi- 1. An understanding of the Four Decisions (Mastering the reminiscent of his father’s when he takes ronmental law at Pace University School Rockefeller Habits): People, Strategy, Execution and Cash. the stage as the official speaker for the Uni- of Law and serves as co-director of the versity of Memphis Cecil C. Humphreys school’s Environmental Litigation Clinic. 2. Simple actionable execution tools to improve your business School of Law Class of 2013 graduation Among his other accomplishments, he results right away. ceremony. serves as senior attorney for the Natural 3. An executable, quarterly plan for the next quarter and the But there will be at least one difference. Resources Defense Council, is president- balance of 2013, built with your team. Whereas his father, who was killed in at-large of the Waterkeeper Alliance and 1968 running for the Democratic presi- is a partner on the CleanTech investment 4. A Team Talent Review that identi es your A, B and C dential nomination, is remembered for team of Silicon Valley’s VantagePoint Capi- performers, and speci c “next step” actions. his political idealism, Kennedy Jr. is an tal Ventures among other things. environmental business leader, lawyer and Local investment firm Duncan-Wil- advocate who says he’s not much inspired liams Inc sponsors this year’s University Sponsored by Workshop presenter: by the modern political landscape. of Memphis law school graduation. The Michael Synk He thinks it’s too choked by a cult of graduating class approached Kennedy In-Synk Aligning Strategies, personality and by too much money greas- about speaking at the event, and his his- Actions and Goals ing the wheels for politics to be considered tory of public service and passion for envi- as a force for good. ronmental law resonated with the student Kennedy Jr. will tell those lawyers-to-be body, according to the school. Students in during the May 12 ceremony at the Can- this year’s class have demonstrated a com- Reserve Today! non Center for the Performing Arts that mitment to using their abilities for public http://MRHWorkshopMemphis.eventbrite.com “more and more it’s falling to the lawyers” service, with several having garnered state- to work to make peoples’ lives better. wide service-related awards and founded When & Where “It’s the obligation of lawyers to make nationally recognized nonprofits. Thursday, April 25, 2013 sure that the marketplace and the govern- The law school’s interim dean, William Holiday Inn-University of Memphis ment serve the public and not the pow- Kratzke, said in a statement that Kennedy’s Kemmons Wilson School of Hospitality Management erful or corporations,” Kennedy said by participation makes the ceremony a “tre- 3700 Central Avenue, Memphis, TN 38111 phone from New York by way of previewing mendously exciting occasion.” his remarks. “I’ll be talking about the idea “We are hopeful that his visit and Your Time that democracy and the environment are speech will inspire and motivate our stu- Doors open 8:00 a.m. Workshop intertwined and that they’re intertwined dents to achieve the many things we know from 8:30 a.m. to 5:00 p.m. Connect with Us with issues that affect our prosperity, our them to be capable of after law school,” Lunch provided. moral authority and our national security. Kratzke said. “We’re living in an era where we see Kennedy is quick to draw on favorite Workshop Questions For details, contact Michael Synk democracy being threatened by large quotes to illustrate his political perspec- at 901.488.8172 or email For additional MRH Workshop dates: corporations. We need to get money out tive. He cites one from Abraham Lincoln: at [email protected]. http://gazelles.com/mrh_workshops.html of politics. The amount of money flowing “I have the Confederacy before me and the into our political system from corporations bankers behind me, and for America I fear paralyzes the process. And we can’t have the bankers the most.” www.thememphisnews.com April 12-18, 2013 27

Newsmakers The Psychology Singer Honored by Women’s Council Of Pricing As much as we buyers hate to kate simone | The Memphis News admit it, we’re emotional creatures, at least when it comes to decision making. We make a decision to buy based on emotional factors first, and afterward seek rational justification Mary Singer, CEO of CRG2 SustainableSolutions, has been named a for the decision we’ve essentially already 2013 Women’s Business Enterprise Star by the Women’s Business Enter- made. This same principle applies to how we prise National Council. assess your brand’s price points as well – whether you sell products or services. Family: I was widowed at 27 and now What are your goals in the com- In developing your pricing strategy, be married to Peter. Collectively, we have ing year? We have just outlined some clear about your target audience and their four children and 8 grandchildren. We very specific long-term goals for our motivations for buying from you first. Are enjoy our Sunday dinners together and company. We will be wise in making your customers buying value or prestige are looking forward to an upcoming the most of social opportunities while when selecting your family trip that will include all of us! working on those. Part of our internal brand? If you’re a goals include some very interesting value brand, consider Favorite quote: “A friend of mine once ways that our community can benefit selecting a product sent me a postcard with a picture of an by engaging more individual responsi- price point just below entire planet taken from space. On the bility around our environmental foot- one of the most com- back it said, “Wish you were here.’” – print. We have been working on this SINGER mon mental price Stephen Wright impact for almost two years and will barriers, which are This quote is so symbolic of how im- be excited when it comes together. We $10, $20, $50, $100 Carson Cook has been named portant for all of us to see that every continue our work in rural markets, and $50 increments director of the office of equal Lori turner- action in word and deed can change trying to break the large market con- employment opportunity/affir- thereafter. If you’re wilson the big picture of our planet. In my versation into more actionable oppor- guerrilla sales mative action at The University of a luxury brand that work, I really see the world from this tunities that could empower our sur- and marketing Memphis. Cook has held similar makes consumers perspective. We have so much to lose rounding communities. positions at a number of universi- feel good about splurging, consider pricing by not working together to take care of ties and most recently served as right at or above these barrier levels. Mother Earth so that we all can contin- Advice to young people: Slow down assistant vice provost for equal Consumers tend to group prices accord- ue to enjoy its wellspring of blessings. long enough to listen. Listening helps opportunity at North Carolina ing to the number of digits to the left of the you to find direction, learn from others State University in Raleigh, N.C. decimal point. For example, most consumers Favorite Movie: “To Kill a Mocking- and, most of all, capture awareness for see little if any difference between $16.50 bird” … The best of good parenting, everything you are preparing to “start Dr. Marion Dugdale has been and $19.50, and since both have two digits courage and life changing lessons. doing.” awarded the Tennessee Medical to the left of the decimal and fall beneath the Association 2013 Distinguished $20 mental price barrier, why not charge the Service Award for her contribu- latter? Of course, they will see a difference tion to public health and the between $16.50 and $66.50, so use good field of blood disorders. Dugdale judgment. joined Univ. of Tennessee Health The numbers to the right of the decimal Science Center in 1962 and fo- also make an impression. Price points ending cuses on blood clotting disorders. in 7 or 9 are seen as discount or limited-time offers. If all of your prices end in 7 or 9, you’re Greater Memphis Greenline seen as a discount brand. If you’re not a Inc. has been awarded a Tennes- bargain brand, use this strategy sparingly. see Medical Association Commu- Products or services with prices ending in nity Service Award for its positive 0 are perceived as higher quality or newer impact on the health of Shelby merchandise. County residents. The organiza- If you’re a luxury brand concerned about tion works to create a network of diluting the integrity of your brand with a paved hiking and biking trails, discount pricing strategy but are looking for greenways and bicycle lanes in a special offer to drive sales, consider giving Memphis and Shelby County. something away for free instead (e.g., buy one get one, or free shipping). It still makes Larry Hogan has joined Mem- customers feel as though they’ve gotten phis Consumer Credit Association a special deal and will drive sales without Kevin J. Morgan / EMBA Class of 2010 as commercial sales manager for Director, Hilton Worldwide devaluing your brand. the multi-state region in which If you want customers to focus on the they represent Equifax. quality of what they’re buying versus the money they’re spending, remove the dollar The Tennessee Radio Hall of signs from your prices and the cents (e.g., Fame has chosen 16 broadcast- 24 versus $24.00). You may notice upscale The Best Never Settle for Second Best ers as 2013 inductees. Those with restaurants or boutiques putting this tech- Memphis ties include Lee Acree, nique into practice. High-end brands looking Rick Dees and George Klein, ca- For your Executive MBA, choose the only business school in Memphis to discount might consider showing buyers reer category; and Dewey Phillips fully accredited by AACSB International — the premier accrediting agency both the original and sale prices. Just make and Rufus Thomas, legacy cat- for business schools worldwide. Our fall-to-fall EMBA program has sure the difference is easy for consumers egory (awarded posthumously). developed the area’s best executive talent for over three decades — to calculate, and ideally position the original In addition, WDIA was chosen as enrolling could be your best move toward achieving your career goals. price over a mental price barrier and the the year’s Legendary Station. To learn more, join us for an information session. discount price under it (e.g., Was $100, Now $80). Buyers can quickly calculate the $20 Thursday, April 18, 2013, 5:30–6:30 p.m. Mid-South Consulting Inc. difference. Leverage these simple psychol- Fogelman College of Business and Economics — Room 385 has received the 2013 Grand Con- RSVP to [email protected] or 901.678.4866. ceptor award from the American ogy-based pricing strategies to drive sales Council of Engineering Cos. of while protecting your brand. Fogelman College Mississippi for the Three Riv- Lori Turner-Wilson is an award-winning of Business & Economics ers Regional Landfill Generator columnist and managing partner of RedRover Project, one of the first landfill Sales & Marketing, www.redrovercompany. memphis.edu/emba gas-to-electricity projects in Mis- sissippi. 28 April 12-18, 2013 www.thememphisnews.com

GOVERNMENT COMMUNITY City, County Bill For Klan Rally: Motivated by Freshness $175,585 JENNIFER JOHNSON BACKER | The Memphis News

BILL DRIES | The Memphis News

he cost to the city of Memphis and Shelby County governments for Tthe massive response to a March 30 Ku Klux Klan rally at the Shelby County Courthouse was $175,585. The city of Memphis released the ex- pense report on the security precautions Tuesday, April 9, for the effort that sealed off 13 Downtown blocks to vehicles and all foot traffic. Approximately 400 law enforcement officers including Memphis Police offi- cers and Shelby County Sheriff’s deputies plus officers from other police depart- ments in the area and the Memphis Fire Department were used in the effort. The rally by 61 Klan members along with members of the National Socialist Movement drew a group of onlookers and counter protestors totaling 1,200 people, according to Memphis Police Director Toney Armstrong. All but $23,555 of the expense was the personnel cost. The $110,870 for the Memphis News File Photo: Lance Murphey Memphis Police presence was the biggest Produce from Jones Orchard is just one of many local products that can be found at area farmers markets, including the above Farmer’s Market at Agricenter International. single line item followed by $35,673 for Sheriff’s deputies and $5,487 for Mem- phis firefighters. s consumer demand for healthy, most of the products sold at the market “There is huge demand for fresh, lo- The chain link fences and toilets and locally grown food has increased, are grown or produced within a 50-mile cally grown produce,” he said. “All of our others similar items totaled $14,705. Oth- Afarmers markets are cropping up radius of the Agricenter. On Saturdays, vendors have their own niche.” er personnel including private security all over Memphis. the number of vendors grows to about Jana Wilson, the market manager guards manning the checkpoint at the Farmers markets provide a place 34, when many craft vendors come to for The Farmers Market at the Memphis counter protest entry area and Memphis for smaller producers to sell their sell flowers, jewelry, artwork, woodwork Botanic Garden says the gardens began Area Transit Authority buses used to bus goods, and hopefully earn a profit. But and other artisan goods. holding a farmers market about seven in the Klan members cost $8,850. profitability can be challenging for the Ted Perkins makes two trips a week years ago to help connect visitors with The fences were used to keep two city operators who run the markets. Some, from the Gulf Coast to Memphis to sell what they are eating. blocks between the counter protestors like Agricenter International’s Farmer’s fresh seafood at the market. Oysters, “Our mission is to connect people and the Klan with police on horseback Market and the farmers market at the shrimp, crab meat and a variety of fish with nature and to teach people about and several rows of sheriff’s deputies Memphis Botanic Garden run the are put on ice and brought to Memphis nature, so this was just one extension of in riot gear between the two fenced-off markets to support their overall mission. fresh from the Gulf all season. Perkins, that, which allows us to support agricul- areas. One person was arrested over a They say the markets are about more who is one of the owners of Paradise ture,” she said. four-hour period, which included the one than profitability. Seafood, has been making the trips for While many local farmers markets hour the Klan rally took. The oldest farmers market in Mem- more than 14 years. are held on the weekend, Wilson said The city originally planned to bill the phis, The Agricenter’s Farmer’s Market, “We stay busy all summer long,” he the Memphis Botanic Garden chose Loyal White Knights of the Ku Klux Klan will begin its 26th season in May. said. “People love getting the fresh stuff. Wednesday afternoons for two reasons: for the cost of the preparations. But that John Charles Wilson, president of We’ve been living on the coast all of the afternoon timing allows vendors to was changed on the advice of city attor- Agricenter International, says he expects our lives, and my uncle who lives here pick produce that morning and bring it neys who said the city ordinance giving the market to stay busy all season long. thought there would be demand for to the market for sale on the same day, the police director the discretion to do But even with heavy foot traffic from fresh seafood. We’ve been doing it ever and the Wednesday time slot gives pro- that could be challenged on the grounds May through October, he said the farm- since.” ducers a market for their foods during it was passed after the Klan group had ap- ers market doesn’t always turn a profit. Paradise Seafood also sells fresh fish the week, rather than markets that are plied for the demonstration permit. Agricenter hasn’t raised vendor rates at other markets in Memphis, including only held on weekends. Wilson said the “Peace is priceless,” Memphis Mayor in several years in an effort to keep the the Cooper-Young Community Farmers market, open late April through October, A C Wharton Jr. said in a prepared state- market profitable for its producers. Market, the Collierville Farmers Mar- is popular with many area chefs, as well ment. Agricenter isn’t subsidized by the county, ket, and the Memphis Farmers Market as families with young children. The preparations were planned 15 although it has received several govern- Downtown, which kicked off its season “For farmers markets in general, years after another Klan faction rallied ment grants in recent years to help with Saturday, April 6. there has been a huge boom,” she said. on the steps of the courthouse and a few marketing and advertising, he said. While profit at Agricenter’s Farmer’s “For some people, it’s for health reasons, counter demonstrators jumped a police “From a revenue standpoint, you Market hasn’t necessarily grown each other shoppers are conscious about barrier prompting police to use pepper have a lot of wear and tear with the year, Wilson said the number of vendors shopping local, and some people do it gas and nightsticks to clear the area. number of people that come through and customers continue to expand. The for nostalgic reasons.” Windows were shattered at the 100 N. the market,” Wilson said. “We are trying Agricenter has adopted a lottery system When the Agricenter market opens Main building and several other buildings to make it a market that is economically to allocate vendor spaces, while giving in late April, Wilson says she expects a as those in the crowd of counter demon- viable for people to sell their goods and priority to long-standing vendors. long line at Momma D’s Italian Ice and strators and onlookers dispersed. to make it a clean market where people Mark Hoggard, Agricenter’s farmers other annual favorites. Locals also have Armstrong said the overwhelming po- want to come that also meets the nutri- market manager, says Ripley Tomatoes come to rely on vendors that sell artisan lice presence last month “helped create a tional needs of the public.” are an annual customer favorite, as well breads and baked goods at the gardens. show of force that sends a strong message During the week, about 22 vendors as vendor stands that sell pecans, blue- Customers love to ask vendors how to – we will do what’s necessary to maintain sell everything from fruits and veg- berries, farm-raised beef and organic cook certain foods, and to get creative order and keep the peace in Memphis.” etables to chicken and beef. Wilson says foods. cooking ideas, she said. www.thememphisnews.com April 12-18, 2013 29

government Status of Auto Inspection Talks Varies

BILL DRIES | The Memphis News

he state of Tennessee is helping State gets involved in decision about whether the inspections determines the new air quality standards facilitate talks between city and continue to apply only to Memphis vehicle are not being met. Tcounty leaders about the coming city, county talks as owners or to vehicle owners across Shelby The state’s timeline at that point deadline. County. indicates Martineau’s department expects There are conflicting versions of what deadline approaches The two-year timeframe city and coun- Shelby County will have three to five years will happen at the end of the fiscal year. ty leaders are weighing is in direct con- from February 2019 to meet the new No one is certain or clear about what the flict with what state Sen. Brian Kelsey of standards. federal response will be. “No decision has been made on what, Germantown said last week he has heard “Administratively, it’s going to be very The issue at the center of all of this if any, action the state may take if the from Martineau and the state several times hard to do,” Kelsey said of the emissions activity isn’t the coming merger of Shelby matter is not resolved locally,” department about countywide emissions testing. testing transition. County’s two public school systems. spokeswoman Meg Lockhart said Tuesday, “I received a hard and fast commit- “I don’t think anybody should be hav- It is the planned June 30 end of city April 9, in an email. ment from the commissioner that this ing these inspections. … I wanted to keep funding for auto emissions testing. “While there have been extensive, will not happen for six years and I believe county residents out of it for as long as Shelby County government, so far, has thoughtful discussion among local of- him,” Kelsey said on the WKNO-TV pro- possible and the city residents – I wanted not agreed to take on the inspections or ficials, no local solution has yet been gram “Behind The Headlines.” to provide them with more locations so their cost. forthcoming.” Lockhart didn’t refute or affirm Kelsey’s that they can do it a lot easier. It’s just a The state, which does inspections for The central point in the negotiations statement. pain.” local governments in other parts of the has been what happens in the two-year “I think this particular timeline he Kelsey’s comments have prompted state, wants to wait at least two years to see interim between the end of city funding cited was more in line with EPA’s planned Memphis City Council members to weigh what new federal clean air standards look with the end of the current fiscal year on revisions to the ozone standards,” she such options as ending auto inspections like. June 30 and September 2014 when the En- wrote. by the city abruptly before the end of the Beyond that is the issue of whether in- vironmental Protection Agency sets new The timeline includes the September current fiscal year or imposing an “envi- spections should be required countywide ambient air quality standards. 2014 date for federal officials to set new ronmental fee” and requiring an emissions or remain for city vehicle owners only. City and county leaders are convinced ambient air quality standards. test of county residents outside the city Bob Martineau, commissioner of the they are discussing what to do for the next By February 2019, six years from now, who drive their cars in the city at least Tennessee Department of Environment two years, until the new federal air qual- state and local air quality programs have twice a week. and Conservation, said through a spokes- ity standards are set. At that point, they to turn in to the EPA their state imple- City and county leaders have at times woman this week that the state hasn’t both have indicated they want the state to mentation plans that show how they will not even agreed on the nature of the dis- made any decision but is encouraging city take over emissions inspections in Shelby comply with the new federal standards cussions. Some city leaders say the matter and county leaders to continue talking. County and to make the politically volatile including in those counties where the EPA is simple. 30 April 12-18, 2013 www.thememphisnews.com happenings

B.I.G. for Memphis will begin a series on germantowncommunitytheatre.org or call preventing computer crime Wednesday, April 754-2680. 17, from 10 a.m. to 11:30 a.m. at Phelps Secu- New Ballet Ensemble will present Springloaded Friday, April rity, 4932 Park Ave. Michael Drake, chairman The Buckman Performing Arts Center at and CEO of master-IT, will speak. Cost is free. St. Mary’s School will present Chris Bru- 12, through Sunday, April 14, at Playhouse on the Square, 66 S. R.S.V.P. to [email protected]. beck’s Triple Play Friday, April 12, at 8 p.m. »Cooper St. The annual event fuses ballet, contemporary and at Buckman, 60 Perkins Road Extended. The Lipscomb Pitts Breakfast Club and Baker, three-piece band performs folk, blues, jazz urban dance with works by local and guest choreographers. Donelson, Bearman, Caldwell & Berkowitz and classical music. Buy tickets at buckman- PC will kick off the 2013 Law@Lunch series artscenter.com. Visit nbespringloaded13.eventbrite.com for times and tickets. Wednesday, April 17, from noon to 1:30 p.m. in the Founders Room in the Lipscomb Pitts Germantown Performing Arts Centre will building, 2760 Union Ave. Extended. The ses- hold its 2013 gala, A New York State of Mind, sion will feature an update on employment Saturday, April 13, at 6:30 p.m. at GPAC, 1801 laws and legislation. Cost is free. R.S.V.P. to Exeter Road. The event will include New York- [email protected]. themed dinner, music by The Manhattans, and » Community live and silent auctions. Tickets are $150. Visit The 18th annual Overton Square Craw- The Rotary Club of Memphis East will meet gpacweb.com. Seedco Mid-South will host The Intentional fish Festival will be held Saturday, April 13, Wednesday, April 17, at noon at The Racquet Entrepreneur workshop Friday, April 12, from from noon to 6 p.m. through Overton Square Club of Memphis, 5111 Sanderlin Ave. Univer- Rhodes College will host a lecture by musi- 8 a.m. to noon at Seedco, 22 N. Front St., and down Madison Avenue from Cooper to sity of Memphis football coach Justin Fuente cian Kirk Whalum as part of its Memphis suite 900. The interactive workshop guides Morrison streets. The event will include Cajun will speak. Cost is $17. R.S.V.P. to Lee Hughes at Centered series Wednesday, April 17, at 5:30 entrepreneurs through the process of planning food, live music and a regional artists market. [email protected]. p.m. in Blount Auditorium of Buckman Hall on a business and the emotional and practical Admission is free; proceeds benefit LivItUp. campus, 2000 North Parkway. Whalum’s talk aspects of business ownership. Cost is $50. Kiwanis Club of Memphis will meet Wednes- is titled: “The Spirit of the City: Kirk Whalum’s Register at seedco.affiliate.fasttrac.org. Habitat for Humanity of Greater Memphis’ day, April 17, from noon to 1 p.m. at The Univer- Journey From Memphis to the World and Youth United chapter and Carriage Cross- sity Club of Memphis, 1346 Central Ave. Guest Back.” Cost is free. Visit rhodes.edu. Women’s Council of Realtors will host its ing will host the fourth annual Battle of the speaker Doug McGowen will discuss Memphis West Tennessee Fair Housing Celebration Bands Saturday, April 13, at 3 p.m. at Carriage Mayor A C Wharton Jr.’s Innovation Team ef- Germantown Performing Arts Centre will Friday, April 12, from 8:30 a.m. to 3:30 p.m. at Crossing, 4674 Merchants Park Circle. Middle forts. Cost is $18 for nonmembers. present The Victor Wooten Band, fronted by The University of Memphis Cecil C. Humphreys school, high school and college bands will play the five-time Grammy Award winner and mem- School of Law Wade Auditorium, 1 N. Front St. family-friendly music to raise money for Habi- DeNeuville Learning Center will host a 15th ber of Bela Fleck & The Fleckstones, Wednes- Sessions will cover fair housing enforcement, tat. Cost is free. Visit memphishabitat.com or anniversary celebration Thursday, April 18, day, April 17, at 8 p.m. at GPAC, 1801 Exeter sustainability planning and accessibility. Cost shopcarriagecrossing.com. from 5 p.m. to 7 p.m. at the center, 190 S. Road. Buy tickets at gpacweb.com. is $25 per session. Visit maar.org/fairhousing- Cooper St. The event will include art and re- month to register. The Society of Entrepreneurs will host the freshments by DeNeuville students, and facility Theatre Memphis will present A.R. Gurney’s 21st annual Entrepreneur Awards presentation tours. Visit deneuvillecenter.org. “Sylvia” through April 21 on the theater’s Next Greater Memphis Chamber will hold its 175th and dinner Saturday, April 13, at 6 p.m. at Holi- Stage, 630 Perkins Road Extended. Visit the- anniversary celebration Friday, April 12, at 7 day Inn University of Memphis, 3700 Central The Memphis chapter of Executive Women atrememphis.org for times and tickets. p.m. at Memphis Brooks Museum of Art, 1934 Ave. The society will induct David Andrews, International will meet Thursday, April 18, at Poplar Ave. Tickets are $75 for members and Bill Courtney, Dick Leike, Neely Mallory Jr. 5:30 p.m. at Memphis Marriott East, 5795 Pop- Eclectic Eye presents Lindsey Penn’s “tech- $100 for nonmembers. R.S.V.P. to Tunga Lee at and Duncan Williams. Tickets are $200. Visit lar Ave. Kimberly Medlock is the guest speaker. nicolor lunacy” at its Midtown boutique, 282 S. [email protected] or 543-3571. 2013soedinner.eventbrite.com. Cost is $35. R.S.V.P. to hi.wolfchase.sales@ Cooper St., through April 17; eclectic-eye.com. wilsonhotels.com. The Access to Justice Committee will host Memphis Rotary Club will meet Tuesday, Calvary Episcopal Church will host a Church a free Saturday legal clinic Saturday, April 13, April 16, at noon at the University Club of Health Center benefit concert, Prayers in Song: from 10 a.m. to noon at the Benjamin L. Hooks Memphis, 1346 Central Ave. Crosstown Arts » THE ARTS An Evening With Marie-Stephane Bernard, Central Library, 3030 Poplar Ave. Volunteer at- co-founder Todd Richardson will speak. Cost Germantown Community Theatre will pres- Thursday, April 18, at 7 p.m. at the church, 102 torneys provide free legal assistance to those is $18. R.S.V.P. to Taylor Hughes at taylor@ ent Agatha Christie’s “A Murder is Announced” N. Second St. Tickets are $35. Visit marief- in need on a first-come, first-served basis. Visit memphisrotary.org. April 12 to April 28 at the theater, 3037 Forest orchc.eventbrite.com or call 272-0010, ext. memphisbar.org. Hill-Irene Road. For more information, visit 2303.

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193 Jefferson Avenue • Memphis, TN 38103 • 901.458.6419 • www.chandlerreports.com www.chandlerreports.com www.thememphisnews.com April 12-18, 2013 31

Week of 4/1/13 - 4/7/13 crosswords The Weekly

Crossword Edited by Margie E. Burke The Weekly Crossword by Margie E. Burke ACROSS 1234 5678 9 10 11 12 13

1 Show shock 14 15 16 5 Crime scene barrier 17 18 19

9 Make thirsty 20 21 22 23 14 Do ___ others... 15 Pop the cork 24 25 26

16 "La Boheme", 27 28 29 30 31 for one 17 Castle, in chess 32 33 34 35 36 18 At all 37 38 20 Remove, in a way 39 40 22 Wicker material 41 42 43 23 Not quite right 24 Nine-to-five 44 45 46 47 grind 48 49 50 51 52 53 26 Sly stratagem 27 Elmer, to Bugs 54 55 56 57 30 1996 film 58 59 60 starring Geoffrey Rush 61 62 63 31 100 bani, in Romania Copyright 2013 by The Puzzle Syndicate 32 Chicken Little, DOWN 35 Well aware of 45 Prevention notably 1 Wise one 36 Swamp stalk amount? 34 Campus speaker 2 Soon, to a bard 38 Carriage driver 46 Instant lawn 37 Beretta or 3 Knock it off 40 Good for 47 Brewer's supply Browning 4 Maverick's game growing, as soil 49 Tree trunk 38 Old-time 5 Auto club 42 Unlawful 51 Bahrain big shot anesthetic service opportunist 52 Bygone bird 39 Lethargic 6 Pithy saying 44 Fresh, as 53 Distort, in a way 40 Writer's bottom 7 Kind of blouse lettuce 55 Part of MYOB line? 8 Draw in 56 Football position 41 Kyoto cash 9 Like a church 42 Renter's mouse document 10 Pal of Tarzan 43 Auction signal 11 Billy Burke sci-fi Answer to Last Week's Crossword 44 Slinky shape series 46 Merlin's forte 12 Words to live by TBAR AF I RE SNAP 48 Hosiery mishap 13 Start of a HAVE R I DER COMA 49 Trade-show Kramden laugh I RON CLEAR AVER setup 19 Get the picture S EWE R LAC PLANE 50 Exigencies 21 Major pipeline WO V E TRAP PRESENTS 54 Soon 25 Bronze finish? ROT TORS I ON CAD 57 One way to 26 Popular pie nut ENAME L HOSTE LRY run? 27 Off one's rocker CARE TH I NE L AMA 58 Discontented 28 SpicyWeek stew of 4/1/13AIRTOAIR - 4/7/13 ALFRED MEMPHIS 101 look 29 Throwing a fit PRY N I TRATE ADS 59 Enthusiasm 31 Stand for ETCH READ 60 A or B, on a 45 34-across I MAGO ERA D I VAN 61 Rigatoni relative 33 Fight off TOUR BR I BE NONE 62 Rip apart 34 Like pocket CURE ATOL L ALTO 63 Think, old-style change HEAT TOTEM RE I N

Take part in this FREE, interactive crash course in Memphis Sudoku Edited by Margie E. Burke culture, people and politics revealing why Memphis is the place it is today and how our history impacts where we are headed.  Edited by Margie E. Burke Difficulty : Easy Seating is limited so please RSVP now to reserve your spot. HOWHOW TO TO SOLVE: 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. Thursday, April 25, 2013   Answer to Last Week's Sudoku 3:00- 5:00 pm  Benjamin Hooks Library (Meeting Room C)     3030 Poplar Ave 38111              RSVP to join us at www.newmemphis.eventbrite.com                   Copyright 2013 by The Puzzle Syndicate 32 April 1212-18, - 18, 2013 2013 www.thememphisnews.com

public notices

Misc. Notices line of State Route 15; from said point This is an attempt to collect a debt NOTICE OF TRUSTEE’S SALE MYFIR.COM and WWW.REALTYTRAC. of beginning proceed North 82 degrees and any information obtained will be WHEREAS, default has occurred in the COM Fayette County 37 minutes 43 seconds East along the used for that purpose. performance of the covenants, terms, Apr. 5, 12, 19, 2013 Fin11486 South existing right of way line of State Clifton E. Darnell, Substitute Trustee and conditions of a Deed of Trust Note Route 15 a distance of 314.43 feet to the Apr. 12, 19, 26, 2013 Fin11485 dated August 1, 2003, and the Deed of NOTICE OF TRUSTEE’S SALE point of intersection between grantor’s Trust of even date securing the same, re- WHEREAS, default has occurred in the SUBSTITUTE TRUSTEE’S SALE East property line with the South exist- corded August 1, 2003, at Book T1504, performance of the covenants, terms, Sale at public auction will be on Thurs‑ ing right of way line of State Route 15; Page 937 in Office of the Register of and conditions of a Deed of Trust Note day, May 2, 2013, at 12:00 noon at thence South 01 degrees 38 minutes Foreclosure Notices Deeds for Madison County, Tennessee, dated December 3, 2003, and the Deed the Fayette Co. Courthouse, Somerville, 26 seconds East along grantor’s East Madison County executed by Kimberly A. Stello, convey- of Trust of even date securing the same, Tennessee, pursuant to Deed of Trust property line a distance of 128.56 feet ing certain property therein described recorded December 16, 2003, at Book executed by Donald W. Owen and wife, to the point of intersection between to R. Bradley Siegler, Jackson, TN, as T1543, Page 660 and modified on March Jennifer L. Owen, to David A. Velander, grantor’s East property line and the South NOTICE OF TRUSTEE’S SALE Trustee for Administrator of the Small 2, 2004, at Book T1561, Page 59 and Trustee, in Book 529, Page 809, and proposed right of way line, said point WHEREAS, default has occurred in the Business Administration, an agency of modified on September 24, 2004, at conducted by Clifton E. Darnell, Substi- located 110 feet ± right of centerline performance of the covenants, terms, the Government of the United States of Book T1615, Page 721 in Office of the tute Trustee, all of record in the Fayette station 240+69.32; thence South 88 and conditions of a Deed of Trust Note America; and the undersigned, Wilson Register of Deeds for Madison County, County Register’s Office. degrees 20 minutes 20 seconds West dated November 30, 2004, and the & Associates, P.L.L.C., having been Tennessee, executed by Rhonda Rob- Owner of Debt: Jerry L. Moore and along the South proposed right of way Deed of Trust of even date securing the appointed Successor Trustee. ertson and Gary Robertson, conveying Kim A. Moore line a distance of 69.57 feet to a right same, recorded December 6, 2004, at NOW, THEREFORE, notice is hereby certain property therein described to The following real estate located in of way marker on the South proposed Book T1632, Page 660 in Office of the given that the entire indebtedness has Allen E. Schwartz, Esq as Trustee for Fayette County, Tennessee will be sold right of way line located 105 feet right of Register of Deeds for Madison County, been declared due and payable; and Mortgage Electronic Registration Sys- to the highest cash bidder subject to centerline station 240+00; thence South Tennessee, executed by Kim March, con- that an agent of Wilson & Associates, tems, Inc. as nominee for Transland all unpaid taxes, prior liens and encum- 82 degrees 37 minutes 43 seconds West veying certain property therein described P.L.L.C., as Successor Trustee, by virtue Financial Services, Inc., its successors brances of record: along the South proposed right of way line to Arnold M. Weiss, Esq., Shelby County of the power, duty, and authority vested and assigns; and the undersigned, Parcel No. 1. Beginning in South mar- a distance of 244.49 feet to the point as Trustee for Wells Fargo Bank, N.A.; in and imposed upon said Successor Wilson & Associates, P.L.L.C., having gin of U.S. Highway No. 64, said margin of intersection between grantor’s West and the undersigned, Wilson & Associ- Trustee will, on May 2, 2013 on or about been appointed Successor Trustee. being 33 feet South of centerline this property line and the South proposed right ates, P.L.L.C., having been appointed 11:00 A.M., at the Madison County NOW, THEREFORE, notice is hereby point being 7 feet South of outlet end of way line, said point located 105 feet Successor Trustee. Courthouse, Jackson, Tennessee, of- given that the entire indebtedness has of a 4 foot metal culvert, the Northwest right of centerline station 237+55.50; NOW, THEREFORE, notice is hereby fer for sale certain property hereinafter been declared due and payable; and corner of Barry Russell lot as recorded in thence North 1 degree 38 minutes 51 given that the entire indebtedness has described to the highest bidder FOR that an agent of Wilson & Associates, the Register’s Office of Fayette County, seconds West along grantor’s West been declared due and payable; and CASH, free from the statutory right of P.L.L.C., as Successor Trustee, by virtue Tennessee in Record Book 129, Page property line a distance of 121.61 feet that an agent of Wilson & Associates, redemption, homestead, dower, and all of the power, duty, and authority vested 282, runs thence South 348.0 feet to a to the point of beginning. Containing P.L.L.C., as Successor Trustee, by virtue other exemptions which are expressly in and imposed upon said Successor large post in bed of Old Stage Road, the 0.880 acres, more or less.. Also known of the power, duty, and authority vested waived in the Deed of Trust, said property Trustee will, on May 2, 2013 on or about Southwest corner of said Barry Russell as 4490 Highway 64, Eads, TN 38028 in and imposed upon said Successor being real estate situated in Madison 11:00 A.M., at the Madison County lot; thence South 88 degrees West along - Parcel ID: 085-025.00. Trustee will, on April 25, 2013 on or County, Tennessee, and being more Courthouse, Jackson, Tennessee, of- Old Stage Road bed 313.06 feet to a Owner(s) of Properties: Donald W. about 11:00 A.M., at the Madison particularly described as follows: fer for sale certain property hereinafter stake, a Southeast corner of balance of Owen and Jennifer L. Owen County Courthouse, Jackson, Ten‑ Beginning at a found iron pin in the described to the highest bidder FOR R.M. Bell land; thence North 326.96 feet Other Interested Parties: Oakland De- nessee, offer for sale certain property Northeastern margin of Woodgrove CASH, free from the statutory right of to a stake in South margin of Highway posit Bank (n/k/a Clayton Bank & Trust), hereinafter described to the highest Drive, said point being the Southeast redemption, homestead, dower, and all No. 64, this point being 7 feet South of Tennessee Department of Revenue, Long bidder FOR CASH, free from the statu- corner of Lot Number 2, Section I, other exemptions which are expressly outlet end of 4 foot metal culvert; thence Tire, LLC, Leon Long and Nancy Long tory right of redemption, homestead, Ramblewood East, a plat of record waived in the Deed of Trust, said property North 84 degrees 10 minutes East along All right and equity of redemption, dower, and all other exemptions which in Plat Book 5, Page 302, in the being real estate situated in Madison South margin, 314.5 feet to the point statutory and otherwise, homestead and are expressly waived in the Deed of Register’s Office, Madison County, County, Tennessee, and being more of beginning and containing 2.42 acres. dower are expressly waived in said Deed Trust, said property being real estate Tennessee; thence North 31 degrees particularly described as follows: This being the same property conveyed of Trust, and the title is believed to be situated in Madison County, Tennessee, 10 minutes 21 seconds East with Beginning at a pin in the North mar‑ to Bobby Cannon and wife, Anne Marie good, but the undersigned, will sell and and being more particularly described the East margin of Lot 2 a distance gin of Sanderson Road, being the Cannon by Warranty Deed in Record convey only as Substitute Trustee. as follows: of 312.48 feet to a found iron pin in Southeast corner of a 21 acre tract Book 357, Page 990.There is hereby This sale is also subject to the right of Lying and being in Madison County, the Northeast corner of Lot 2; thence transferred to Jordan on September included and thereby excluded the fol- redemption by the Tennessee Department Tennessee, and more particularly North 88 degrees 03 minutes 34 sec‑ 26, 1997; thence North 470 feet to lowing described real estate: Beginning of Revenue pursuant to T.C.A. §67-1- described as follow, to‑wit: onds East a distance of 41.81 feet to a a pin, being Harris’ Northwest corner; at a point on the South existing right of 1433(c)(1) by reason of the following tax Beginning at an iron pin in the North found iron pin in the Northwest corner then continuing North along Moore’s way line of State Route 15, said point lien(s) of record: Inst. No. 13001413, margin of West Grand Avenue at the of Lot 7; thence South 04 degrees West line 415 feet to pin, Jordan’s located 30 feet South of the center of the 13001537 and 13001538. Notice of this Southwest corner of Lot No. 4, Block 04 minutes 17 seconds East with Northeast corner; thence Westerly existing road and being the intersecting sale has been given to the department 6 of Arlington Subdivision, a plat the West margin of Lot 7 a distance along Jordan’s North line 500 feet to point between grantor’s West property in accordance with T.C.A. §67-1-1433(b) of which appears of record in Plat of 208.72 feet to a found iron pin in a new stake; thence South along a line with the South existing right of way (1). Book 1, Page 7, Register’s Office of the Southwest corner of Lot 7 and in new line through Jordan’s tract 1000 Madison County, Tennessee; runs the Northern margin of Lot 4; thence feet to the margin of Sanderson Road; thence North with the West line of South 48 degrees 37 minutes 37 thence East along said road 420 feet Lot No. 4 a distance of 155.7 feet to seconds West with the Northwestern to the point of beginning, containing an iron pin in the South margin of a margin of Lot 4 a distance of 188.72 10 acres, more or less. 15 foot alley; runs thence North 89 feet to a found iron pin in the Eastern ALSO KNOWN AS: 240 Sanderson degrees 00 minutes 30 seconds West margin of Woodgrove Drive, said point Road, Mercer, Tennessee 38392 with the South margin of said alley a also being the Northwestern corner The HB 3588 letter was mailed to distance of 52 feet to an iron pin at of Lot 4, thence in a Northwesterly the borrower(s) pursuant to Tennessee • Sales Comparables the Northeast corner of Lot no. 6 in direction following a curve to the left Code Annotated 35-5-117. This sale is said subdivision; runs thence South of the Eastern margin of Woodgrove subject to all matters shown on any ap- with the East line of said Lot No. 6 a Drive having a radius of 329.60 feet plicable recorded plat; any unpaid taxes; distance of 156.6 feet to an iron pin a distance of 100.40 feet to the point any restrictive covenants, easements, or in the North margin of West Grand of beginning. Being Lot Number 3 in setback lines that may be applicable; any • Thousands of Photos Avenue a distance of 52 feet to the Section I of the aforesaid platted statutory rights of redemption of any gov- point of beginning. Being Lot No. subdivision. ernmental agency, state or federal; any 5, Block 6 of Arlington Subdivision, ALSO KNOWN AS: 23 Woodgrove prior liens or encumbrances as well as platted as aforesaid. Drive, Jackson, Tennessee 38305 any priority created by a fixture filing; and ALSO KNOWN AS: 219 West Grand The HB 3588 letter was mailed to to any matter that an accurate survey of • Commercial Property Profiles Street, Jackson, Tennessee 38301 the borrower(s) pursuant to Tennessee the premises might disclose. In addition, The HB 3588 letter was mailed to Code Annotated 35-5-117. This sale is the following parties may claim an inter- the borrower(s) pursuant to Tennessee subject to all matters shown on any ap- est in the above-referenced property: Code Annotated 35-5-117. This sale is plicable recorded plat; any unpaid taxes; Rhonda Robertson; Gary Robertson • Complete Sales History subject to all matters shown on any ap- any restrictive covenants, easements, or The sale held pursuant to this Notice plicable recorded plat; any unpaid taxes; setback lines that may be applicable; may be rescinded at the Successor any restrictive covenants, easements, or any statutory rights of redemption of any Trustee’s option at any time. The right setback lines that may be applicable; governmental agency, state or federal; is reserved to adjourn the day of the any statutory rights of redemption of any any prior liens or encumbrances as well sale to another day, time, and place • Sales & Construction Activity Reports governmental agency, state or federal; as any priority created by a fixture filing; certain without further publication, upon any prior liens or encumbrances as and to any matter that an accurate survey announcement at the time and place well as any priority created by a fixture of the premises might disclose. In addi- for the sale set forth above. W&A No. filing; and to any matter that an accurate tion, the following parties may claim an 1286‑153615 survey of the premises might disclose. interest in the above-referenced prop- DATED April 3, 2013 • And much more! In addition, the following parties may erty: Kimberly A. Stello; United States WILSON & ASSOCIATES, P.L.L.C., claim an interest in the above-referenced Small Business Administration; Ronald Successor Trustee property: Kim March Stello and Carol A. Stello; Discover FOR SALE INFORMATION, VISIT WWW. The sale held pursuant to this Notice Bank, issuer of Discover Card; Unifund MYFIR.COM and WWW.REALTYTRAC. may be rescinded at the Successor CCR Partners; Union Planters National COM Trustee’s option at any time. The right Bank Apr. 5, 12, 19, 2013 Fin11487 is reserved to adjourn the day of the The sale held pursuant to this Notice sale to another day, time, and place may be rescinded at the Successor NOTICE OF TRUSTEE’S SALE certain without further publication, upon Trustee’s option at any time. The right WHEREAS, default has occurred announcement at the time and place is reserved to adjourn the day of the in the performance of the covenants, for the sale set forth above. W&A No. sale to another day, time, and place terms, and conditions of a Deed of The standard for Mid-South real estate information since 1968 1286‑163780 certain without further publication, upon Trust Note dated May 4, 2007, and DATED March 21, 2013 announcement at the time and place the Deed of Trust of even date securing WILSON & ASSOCIATES, P.L.L.C., for the sale set forth above. W&A No. the same, recorded May 7, 2007, at Successor Trustee 1612‑231029 Book T1798, Page 33 in Office of the FOR SALE INFORMATION, VISIT WWW. DATED March 27, 2013 Register of Deeds for Madison County, Call 458-6419 or go to MYFIR.COM and WWW.REALTYTRAC. WILSON & ASSOCIATES, P.L.L.C., Tennessee, executed by Andy Bechtel, www.chandlerreports.com COM Successor Trustee Davida Bechtel, Andy Bechtel and Da- Mar. 29, Apr. 5, 12, 2013 Fin11483 FOR SALE INFORMATION, VISIT WWW. vida Bechtel, conveying certain property www.thememphisnews.com AprilApril 12 12-18, - 18, 2013 33

public notices therein described to Larry A. Weissman, Courthouse, Jackson, Tennessee, of- see 38002‑7501 RIGHTS IN POSSESSION. Related Info a resident of Shelby County as Trustee fer for sale certain property hereinafter The HB 3588 letter was mailed to If applicable, the HB 3588 letter was for Mortgage Electronic Registration described to the highest bidder FOR the borrower(s) pursuant to Tennessee mailed to the borrower(s) pursuant to Also read our daily edition, The Daily Systems, Inc., as nominee for SunTrust CASH, free from the statutory right of Code Annotated 35-5-117. This sale is Tennessee Code Annotated 35-5-117. News, in print or online every business Mortgage, Inc., its successors and redemption, homestead, dower, and all subject to all matters shown on any ap- This sale is subject to all matters shown day for public notices for Memphis & assigns; and the undersigned, Wilson other exemptions which are expressly plicable recorded plat; any unpaid taxes; on any applicable recorded plat; any Shelby County. & Associates, P.L.L.C., having been waived in the Deed of Trust, said property any restrictive covenants, easements, or unpaid taxes; any restrictive covenants, Go to www.memphisdailynews.com or appointed Successor Trustee. being real estate situated in Madison setback lines that may be applicable; any easements, or setback lines that may call 683.NEWS for more information. NOW, THEREFORE, notice is hereby County, Tennessee, and being more statutory rights of redemption of any gov- be applicable; any statutory rights given that the entire indebtedness has particularly described as follows: ernmental agency, state or federal; any of redemption of any governmental been declared due and payable; and Being Lot 134 in Section II of Royal prior liens or encumbrances as well as agency, state or federal; any prior liens that an agent of Wilson & Associates, Park Subdivision, a plat of which ap‑ any priority created by a fixture filing; and or encumbrances as well as any priority P.L.L.C., as Successor Trustee, by virtue pears of record in Plat Book 3, Page to any matter that an accurate survey of created by a fixture filing; and to any of the power, duty, and authority vested 42, in the Register’s Office of Madi‑ the premises might disclose. In addition, matter that an accurate survey of the in and imposed upon said Successor son County, Tennessee, reference to the following parties may claim an inter- premises might disclose. In addition, the Trustee will, on May 2, 2013 on or about which plat is hereby made for a more est in the above-referenced property: following parties may claim an interest The undersigned will sell and convey 11:00 A.M., at the Madison County particular description of said lot show‑ James M. Osborn, II; Elizabeth Howard in the above-referenced property: Shawn only as Substitute Trustee. Courthouse, Jackson, Tennessee, of- ing its location and the length and Osborn; Wells Fargo Bank, N.A.; Wells Harrison, Michael Shawn Harrison, The right is reserved to adjourn the fer for sale certain property hereinafter direction of its boundary lines. Fargo Bank, N.A. If the United States has any lien or day of the sale to another day, time, and described to the highest bidder FOR ALSO KNOWN AS: 34 Tanglewood The sale held pursuant to this Notice claimed lien on the property, notice place certain without further publication, CASH, free from the statutory right of Drive, Jackson, Tennessee 38301‑ may be rescinded at the Successor required by 26 U.S.C. § 7425(b) to be upon announcement at the time and redemption, homestead, dower, and all 3713 Trustee’s option at any time. The right given to the United States has been place for the sale set forth above. If the other exemptions which are expressly The HB 3588 letter was mailed to is reserved to adjourn the day of the timely given. The sale of the land de- highest bidder cannot pay the bid within waived in the Deed of Trust, said property the borrower(s) pursuant to Tennessee sale to another day, time, and place scribed above will be subject to the right twenty-four (24) hours of the sale, the being real estate situated in Madison Code Annotated 35-5-117. This sale is certain without further publication, upon of the United States to redeem the land next highest bidder, at their highest bid, County, Tennessee, and being more subject to all matters shown on any ap- announcement at the time and place as provided for in 26 U.S.C. § 7425(d) will be deemed the successful bidder. particularly described as follows: plicable recorded plat; any unpaid taxes; for the sale set forth above. W&A No. (1).] This property is being sold with the Beginning on a stake in the South any restrictive covenants, easements, or 1286‑230591 If the State of Tennessee has any express reservation that the sale is margin of Cedar Lane and in the East setback lines that may be applicable; DATED January 25, 2013 lien or claimed lien on the property, subject to confirmation by the lender margin of Southside Drive (formerly any statutory rights of redemption of any WILSON & ASSOCIATES, P.L.L.C., notice required by § 67-1-1433(b)(1) or trustee. This sale may be rescinded known as Annie Avenue), said begin‑ governmental agency, state or federal; Successor Trustee of the Tennessee Code to be given to by the Substitute Trustee at any time. ning point being 24 feet East of the any prior liens or encumbrances as well FOR SALE INFORMATION, VISIT WWW. the state of Tennessee has been timely THIS LAW FIRM IS ACTING AS A DEBT Northeast corner of W.C. Latham’s as any priority created by a fixture -fil MYFIR.COM and WWW.REALTYTRAC. given. The sale of the land described COLLECTOR AND IS ATTEMPTING TO lot, formerly Claiborne, runs thence ing; and to any matter that an accurate COM above will be subject to the right of the COLLECT A DEBT. ANY INFORMATION South 86 1/2 degrees East with the survey of the premises might disclose. Mar. 29, Apr. 5, 12, 2013 Fin11484 state of Tennessee to redeem the land OBTAINED WILL BE USED FOR THAT South margin of Cedar Lane 70 feet In addition, the following parties may as provided for in § 67-1-1433(c)(1) of PURPOSE. to a stake; thence South 230 feet claim an interest in the above-referenced the Tennessee Code.] York Trustee Services, LLC, to a stake; thence North 86 1/2 property: Jamar Hardiman All right of equity of redemption, statu- Substitute Trustee degrees West 70 feet to a stake in The sale held pursuant to this Notice Foreclosure Notices tory and otherwise, and homestead are File No: TN-87000003-12 the East margin of Southside Drive; may be rescinded at the Successor expressly waived in said Deed of Trust. Mar. 29, Apr. 5, 12, 2013 Fin11478 thence North with the East margin Trustee’s option at any time. The right Tipton County of Southside Drive 230 feet to the is reserved to adjourn the day of the South margin of Cedar Lane, the point sale to another day, time, and place of beginning. certain without further publication, upon ALSO KNOWN AS: 198 Harts Bridge announcement at the time and place NOTICE OF SUBSTITUTE TRUSTEE`S Road, Jackson, Tennessee 38301 for the sale set forth above. W&A No. SALE The HB 3588 letter was mailed to 1286‑233814 Sale at public auction will be on the borrower(s) pursuant to Tennessee DATED April 8, 2013 April 18, 2013 at 12:00 PM local Code Annotated 35-5-117. This sale is WILSON & ASSOCIATES, P.L.L.C., time, at the front of the Tipton County subject to all matters shown on any ap- Successor Trustee Courthouse in Covington, Tennessee plicable recorded plat; any unpaid taxes; FOR SALE INFORMATION, VISIT located in Covington, Tipton County, any restrictive covenants, easements, or WWW.MYFIR.COM and WWW.REAL- Tennessee, pursuant to Deed of Trust ’t reach eve setback lines that may be applicable; TYTRAC.COM executed by Shawn Harrison, to Heritage don ryb any statutory rights of redemption of any Apr. 12, 19, 26, 2013 Fin11489 Closing Services LLC , Dukes H. Bras- e od governmental agency, state or federal; field, Trustee, as trustee for Mortgage W y any prior liens or encumbrances as well Electronic Registration Systems, Inc., as any priority created by a fixture -fil acting solely as nominee for Decision ing; and to any matter that an accurate Foreclosure Notices One Mortgage Company, LLC on 14th survey of the premises might disclose. day of December, 2006 in REC Book In addition, the following parties may Shelby County 1316, Page 305 at Instrument Number claim an interest in the above-referenced 97535, in the Office of the Register of property: Andy Bechtel; Davida Bech‑ Tipton County, Tennessee; conducted tel; Mortgage Electronic Registration NOTICE OF TRUSTEE’S SALE by York Trustee Services, LLC, having Systems, Inc. as nominee for SunTrust WHEREAS, default has occurred in the been appointed Substitute or Succes- Mortgage, Inc.; Andy Bechtel; Davida performance of the covenants, terms, sor Trustee. Default has occurred in the Bechtel and conditions of a Deed of Trust Note performance of the covenants, terms, The sale held pursuant to this Notice dated December 30, 2003, and the and conditions of said Deed of Trust may be rescinded at the Successor Deed of Trust of even date securing the and the entire indebtedness has been Trustee’s option at any time. The right same, recorded January 22, 2004, as declared due and payable. is reserved to adjourn the day of the Instrument No. 04012914 in Office of Party Entitled to Enforce the Debt: Just a whole lot of somebodies. sale to another day, time, and place the Register of Deeds for Shelby County, Deutsche Bank National Trust Company certain without further publication, upon Tennessee, executed by James M. Os- as Trustee for MSAC 2007-SEA1 announcement at the time and place born, II and Elizabeth Howard Osborn, The following real estate located in We think you’ll agree – there’s not a more powerful advertising vehicle for reaching for the sale set forth above. W&A No. conveying certain property therein de- Tipton County, Tennessee, will be sold the city’s professional community. 931‑233220 scribed to Arnold M. Weiss, Esq., Shelby to the highest call bidder: DATED March 29, 2013 County as Trustee for Wells Fargo Home Described property located in Tipton WILSON & ASSOCIATES, P.L.L.C., Mortgage, Inc.; and the undersigned, County, Tennessee, to wit: Successor Trustee Wilson & Associates, P.L.L.C., having Lot 1, Cromwell`s Leigh`s Chapel FOR SALE INFORMATION, VISIT WWW. been appointed Successor Trustee. Subdivision, as shown on plat of Re- MYFIR.COM and WWW.REALTYTRAC. NOW, THEREFORE, notice is hereby cord in Plat Cabinet H, Slide 259, in COM given that the entire indebtedness has the Register`s Office of Tipton County, Apr. 5, 12, 19, 2013 Fin11488 been declared due and payable; and Tennessee, to which plat reference is that an agent of Wilson & Associates, made for a more particular descrip- NOTICE OF TRUSTEE’S SALE P.L.L.C., as Successor Trustee, by virtue tion of said property. Being the same WHEREAS, default has occurred of the power, duty, and authority vested property conveyed to Royce and Mildred Visit TheMemphisNews.com or call 683.NEWS in the performance of the covenants, in and imposed upon said Successor Cromwell by Deed Book 326, Page 83, terms, and conditions of a Deed of Trust Trustee will, on April 19, 2013 on or on 03/07/1972 at the Register`s Of- Note dated October 5, 1999, and the about 12:00 P.M., at the Shelby County fice of Tipton County Tennessee. Being Deed of Trust of even date securing the Courthouse, Memphis, Tennessee, of- the same property conveyed to Shawn same, recorded October 7, 1999, at fer for sale certain property hereinafter Harrison by Deed at Book 1265, Page Book T1211, Page 53 in Office of the described to the highest bidder FOR 518, on 03/22/2006, at the Register`s Register of Deeds for Madison County, CASH, free from the statutory right of Office of Tipton County Tennessee. Tennessee, executed by Jamar Hardi- redemption, homestead, dower, and all Street Address: 1861 Leigh’s Chapel man, conveying certain property therein other exemptions which are expressly Road, Covington, TN 38019 described to I. Dyke Tatum as Trustee waived in the Deed of Trust, said prop- Parcel Number: 18.30.02 for Union Planters Bank National As- erty being real estate situated in Shelby Current Owner(s) of Property: Shawn sociation; and the undersigned, Wilson County, Tennessee, and being more Harrison The Memphis News & Associates, P.L.L.C., having been particularly described as follows: Other Interested Parties: Shawn Har- appointed Successor Trustee. Lot 157, Final Plat, Phase IIB, Wolf‑ rison, Michael Shawn Harrison, NOW, THEREFORE, notice is hereby chase Farms of Bartlett Subdivision, The street address of the above given that the entire indebtedness has as shown on Plat of record in Plat described property is believed to be been declared due and payable; and Book 196, Page 9 in the Register’s 1861 Leigh’s Chapel Road, Covington, 3 that an agent of Wilson & Associates, Office of Shelby County, Tennessee, TN 38019, but such address is not Call 68 -NEWS P.L.L.C., as Successor Trustee, by virtue to which reference is hereby made a part of the legal description of the of the power, duty, and authority vested for a more particular description of property sold herein and in the event of in and imposed upon said Successor said property. any discrepancy, the legal description Trustee will, on May 9, 2013 on or about ALSO KNOWN AS: 8222 East Old herein shall control. 11:00 A.M., at the Madison County Brownsville Road, Arlington, Tennes‑ SALE IS SUBJECT TO TENANT(S) 34 April 12-18, 2013 www.thememphisnews.com

opinion

City Must Say ‘No’ Local Resource, Global Impact Last week we highlighted The toughest cases. It is a place where some To Ballpark Burden Blues Foundation, which is Memphis- of today’s most renowned researchers based and focused on the past, present are working in Memphis and revolution- and future of the music genre. This week ary discoveries are happening every day. ow many ways should tendency has gone too far. The arrange- let us spotlight the iconic Memphis Beyond the daily miracles, though, St. there be to interpret ments have become too complex and institution that is a world leader in the Jude is also a huge economic and public the concept that it too tentative despite numerous assur- fight against childhood cancer and other relations driver for our community. is a bad idea for the ances that Project X won’t be funded deadly diseases: St. Jude Children’s A recent economic impact study city of Memphis to with money from the city’s general fund. Research Hospital. conducted by the University It is disingenuous to suggest that buy AutoZone Park, Founded by the late of Memphis indicates their no matter how layered the transaction is the only way city government can H entertainer Danny Thom- operations create more than might be? be obligated to a project. More impor- as, St. Jude is the first $2 billion in economic activ- The layers and the complexity tantly, it is precisely this kind of 11th and only National Cancer ity for our community. This involved are precisely the reason the city hour scheming that renders City Hall Institute-designated Com- activity fueled 14,710 jobs for should put an end to this idea once and incapable of following through on any prehensive Cancer Center our economy and brought in for all. long-term plans in the areas where the devoted solely to children. more than 70,000 visitors to It was about a year ago that this pos- city does have a legitimate and direct Children from all 50 states Jeremy Park our city. St. Jude and ALSAC, sibility first arose and we editorialized interest. and from around the world giving back their fundraising and aware- against it then. These complex arrangements that have come to St. Jude for ness organization, jointly One year later, the equation is differ- shift funds away from other long-await- treatment, and thousands more around employ more than 4,400 people, who all ent. The St. Louis Cardinals ownership ed projects and push them even further the world have benefited from their contribute to the economy through their is reportedly ready to do what they were back have become a substitute for an ef- research. Because St. Jude speeds its residence here. set to do before the recession hit – buy fective economic development strategy the major league baseball team’s Triple- that builds enough momentum to allow research discoveries from their laborato- Unlike other adult and children’s hos- A franchise in Memphis. for the possibility of new and separate ries to patients and doctors everywhere, pitals around the country that generate We think that is the best news yet ownership of the ballpark. one child saved at St. Jude means thou- their operating revenues from insurance for the future of professional baseball in We cannot continue to see our local sands more saved worldwide. And no or payment, St. Jude depends on public Memphis, but not if it is tied to the city governments involved in stadiums and family ever pays St. Jude for anything! support. It costs $1.8 million a day to run getting involved in the ownership of the ballparks and other similar facilities St. Jude physicians and scientists St. Jude and approximately 75 percent of ballpark the Redbirds call home. where the local government commit- have pioneered treatments that have this money comes from public support- Memphis Mayor A C Wharton Jr.’s ment should be infrastructure at the helped push the overall survival rates for ers. The average personal contribution is administration has weathered the reces- outset. childhood cancers from less than 20 per- around $30, so it is easy to help save the sion by trying to position the city to be After the ribbon is cut, it should be cent when the hospital opened in 1962 lives of precious children. There are also prepared to emerge with its new eco- up to the owners to make it work or sell to 80 percent today. The survival rate many well-known events coming up that nomic engine revved up and running to someone who can make it work – for the most common form of childhood support their efforts, like the FedEx St. on the other side of a historic national someone in the private sector. cancer, acute lymphoblastic leukemia, Jude Classic, the St. Jude Presents John economic downturn. The city has too much to do to put has risen from just 4 percent in 1962 to Rich and Friends Concert on June 4, and And that has become, at times, its own house in order without taking on 94 percent today. In addition to child- the St. Jude Dream Home Giveaway on borrowing from one pot of money to fill an annex in the form of AutoZone Park. hood cancers, other illnesses like sickle June 23. Learn more at www.stjude.org. another pot of money, or finding some It still hasn’t mastered the art of making cell disease, blood and bone disorders, Jeremy Park, director of the Lipscomb cash in one pocket to try to make things budget cuts and truly shrinking the size genetic diseases, and pediatric HIV/AIDS Pitts Breakfast Club, can be reached at jer- happen or at least give the illusion of of local government instead of making are among those also treated at St. Jude. [email protected] and followed on movement in hard times. budget cuts in one area and finding St. Jude is a place where doctors Twitter (@lpbreakfastclub) and Facebook We understand the concept, but the other areas to spend that savings in. send many of their sickest patients and (facebook.com/lpbreakfastclub).

I’m Lucky to Know Bea – A True Memphis Treasure

REMARKABLE CONNECTIONS. band and was writing music on the side. the head of all the reform rabbis of the After last week’s column, Bea The head of the school’s music depart- world! dropped me a thoughtful email note as ment recognized this talent and man- “Remarkable? This rabbi is female she often does about whatever I’m writ- aged to get him a scholarship to Juilliard. and gay. I do love success stories.” ing about. My story about Linda Court- “His name? Henry Mancini. Academy Bea lost Hal in 1997, and last week, ney and her son Bill struck a common MEMPHASIS Award winner a number of times. she lost their son, Allen, and I find it chord, and Bea wanted to share. dan conaway “Another poor boy had his high pretty remarkable that she would read Bea is a bit stooped these days and school recognize his talent and got him my column at all much less drop me a needs a walker to get around, but, if you she married him. Happy Hal was on TV a scholarship to Northwestern. Hal and I note. But maybe we get through these know her, you know that no one stands with Happy Hal’s Fun House when TV were one of three couples that hung out things by the good things we remember, taller on America’s community theater was new and so was I. Happy Hal owned together the year and three-quarters the remarkable connections our lives stages or has been stronger in support Happy Hal’s Toy Town, purveyor of Spud before the boys were drafted. All three make. of live theatre here than Bea. She needs Guns and Hula-Hoops and Glub Glub couples married during the war. After I love success stories, too, and Bea a ride these days to get around, but, if ducks. the war we ended up in New York, being can measure hers by the standing-room- you know her, you know what a driving And I just found out that Hal and Bea together for the five years before we only crowd that loves her. force behind the success of Theatre knew both the Pink Panther and Moses. came back to Memphis. We stayed in I’m a Memphian, and I’m lucky to Memphis she’s been, and you also know But Bea can tell you about that. Here’s touch. He, too, won an Academy Award. know Bea Miller. how many wrecks she’s helped avoid, her email: “His name? Charlton Heston. how sure her turn-by-turn navigation. “Your story reminded me of some “My third story is to me the most Dan Conaway is a lifelong Mem- I know Bea, and I know what that people I have known and I understand remarkable of all. I have a first cousin phian, longtime adman and aspiring means. your feelings. I graduated high school (once removed) who became a rabbi. local character in a city known for them. Bea married Hal Miller, and that with a young man whose family was very I learned this week that Rabbi Eger Reach him at dan@wakesomebodyup. means she not only knew Happy Hal, poor. He played the piccolo in the school (my maiden name) is soon to become com. www.thememphisnews.com April 12-18, 2013 35 36 April 12-18, 2013 www.thememphisnews.com