Archive for June, 2006
June 30th, 2006 8:25pm UTC
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Memphis is hollowing out. That’s the conclusion of research by the Brookings Institution. Earlier this week, we suggested that Memphis Mayor Willie W. Herenton read research about Memphis instead of relying on political insiders to convince him that their pet projects (think tax freezes) are the only things that keep our city from oblivion. The [...]
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June 28th, 2006 1:59pm UTC
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This news release on some landmark research by CEOs For Cities seems especially pertinent today, with Memphis Mayor Willie W. Herenton saying that our city has to keep giving away tax freezes to counter the exodus of people from Memphis. We don’t know how he connected those dots, except for the anecdotal evidence given to [...]
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June 26th, 2006 3:11pm UTC
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Would someone in city or county governments please buy copies of the current issue of Fast Company for members of the Memphis and Shelby County Industrial Development Board? While you are at it, mark the article, “Rise of the Aerotropolis,” which tells of the airport-cities that are being created around the globe. It’s an article [...]
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June 22nd, 2006 8:34pm UTC
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The current controversy about the FedExForum garage is quickly becoming about more than why plans were changed and how $6.3 million in federal funds were lost. There are resurrected questions about the contract between Memphis and Shelby County Governments and the Grizzlies. There are shots taken at owner Michael Heisley by fans made mad by [...]
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June 20th, 2006 11:10pm UTC
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Dell Inc. is expanding its Nashville operations by as many as 1,000 employees, adding to 3,500-person workforce that has grown there since the computer giant started its $200 million Middle Tennessee operations in 1999. For the new employees, Dell will receive $500 a year for each job from Nashville-Davidson County Metro government. Meanwhile, back here [...]
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June 18th, 2006 8:27pm UTC
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It is the fundamental nature of negotiations that they are always susceptible to second guessing by anyone not involved directly in them. That’s the case whether the negotiation is for the sale of a business or for construction of a new arena for the Memphis Grizzlies. That’s because negotiations are always about give and take, [...]
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June 15th, 2006 6:32pm UTC
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Some weeks, newspaper articles make for an interesting point-counterpoint. That’s certainly the case this week. One day, the city attorney says that a loss of $6.3 million in federal funding for air quality improvements has “very little, if any, impact in a meaningful way on any of the citizens.” The next day, Memphis City Council [...]
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June 14th, 2006 1:53pm UTC
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Business Week reports this week on a new innovations workshops to help cities and they will involve Memphis: Detroit, reeling from decades of auto-industry layoffs and a dwindling population, has a new plan for stimulating growth. Along with three other ailing urban areas—Memphis, Pittsburgh, and Columbus (Ohio)—Detroit is looking to take a cue not from [...]
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June 13th, 2006 11:30am UTC
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From Forbes magazine this week comes this report on the PILOT program that waives more than $50 million a year (city and county taxes combined; this article only addresses city tax freezes): States and cities lure businesses with promises of tax abatements and other goodies. They’d do better with broad-based tax cuts. The recent Supreme [...]
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June 9th, 2006 4:37pm UTC
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Located as we are near the foot of Union Avenue, we have a front row seat as witnesses for the consternation and confusion felt by visitors when they wander down from the Peabody Hotel and nearby restaurants to experience the nation’s mightiest river. Down the hill they walk, every day, excited and expectant for their [...]
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