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News

Herenton on State of the City

As promised, Mayor Willie Herenton reopened his civic hymnal on Wednesday to the verse marked “consolidation” and suggested that this time others might join him.

“I favor metropolitan consolidation inclusive of schools,” said Herenton, making his annual “state of the city” address to the Kiwanis Club meeting at The Peabody.

The venue was fairly small and so was the crowd, probably under 200 people. They gave the fifth-term mayor a couple of warm standing ovations. Whether that indicated the spirit of the season or support for consolidation remains to be seen.

Herenton said he sees promise in the new membership of the Memphis City Council and Shelby County Commission along with Gov. Phil Bredesen and county mayor A C Wharton.

“Thank God for the new county commission,” he said. “We’ve got some people over there with some new energy and some courage.” He did not name names.

He said he will ask state legislators to, in effect, change the rules on consolidation so that approval from both city and county voters in separate elections is not a prerequisite. Several years before Herenton became mayor in 1991, consolidation votes passed in the city but failed in the county, where signs that say “county schools” and “no city taxes” are still a staple of new subdivisions just outside the borders of Memphis.

As he has on many occasions, Herenton said consolidated government would be more efficient and cost taxpayers less money.

“It pains me to see the waste in schools,” said the former superintendent.

It apparently pains Bredesen too. The governor has shown impatience with Memphis “reform” programs and indicated that a state takeover is possible if Memphis doesn’t do better. Herenton mentioned changing the governing structure of the school system but did not specifically call for abolishing the school board or appointing a new one, as he has on other occasions.

Meeting with reporters after his speech, Herenton said consolidation can only happen with support from key business leaders and other politicians. He said the “economics of government will become so tight” that such supporters will eventually come around.

The sticking points are that Memphis has a higher tax rate than suburbs and unincorporated areas in Shelby County and the Shelby County schools, with more affluent students and fewer poor students, outperform city schools on standardized tests. But Memphis accounts for about 70 percent of the population of Shelby County. By Herenton’s lights, a suburban minority is dictating the rules of the game to the urban majority.

On other subjects, Herenton said Memphis is “financially strong” with a reserve fund of more than $60 million. Memphis, he said, is “on the national radar screen” because of FedEx Forum, AutoZone Park, and other attractions. And he said crime “trend lines” are going “in the right direction” but 500 more police officers are still needed. He will announce new anti-blight measures next week.

Responding to a question from the audience about the lack of a “wow” factor on the riverfront, Herenton said he is open to the possibility of razing The Pyramid if a deal with Bass Pro falls through.

“We could get the wow,” he said. “I still want the wow.”

Herenton seemed to be in a good mood, and there were no real zingers for the press or anyone else with the exception of, “For those of you who want to sit on the sidelines and be critical, we’re not going to be mad at you, we’re just going to pray for you.”

Reaction to the consolidation proposal among Kiwanis members was guarded. Businessman Sam Cantor said he is unconditionally for it but does not expect it to happen in the next four years.

Businessman Calvin Anderson is also for it and says it “can happen” if Herenton can take himself out of the equation, recruit allies, and present a reasonably united Shelby County legislative delegation in Nashville. Greg Duckett, former city chief administrative officer under Dick Hackett, said consolidation needs to happen but he stopped short of saying it will.

“Significant strides to making it happen can occur in the next four years,” he said.

Jim Strickland, sworn in Tuesday as a new member of the City Council, said he supports full consolidation but is willing to compromise on schools if necessary.

He said he is “not sure” if Herenton can muster enough support among suburban mayors and state lawmakers to make any headway.

Consolidation by charter surrender does not appear to be an option, which doesn’t mean it won’t keep coming up for discussion. In 2002, the state attorney general’s office issued an opinion that said “the General Assembly may not revoke the charter, the Memphis City Council is not authorized to surrender the city charter, and no statute authorizes the Memphis city charter to be revoked by a referendum election of the voters.”

Herenton, who was reelected with just 42 percent of the vote, made his speech against a backdrop of glum economic news, locally and nationally. Oil hit the $100-a-barrel mark, the stock of local economic bastions FedEx and First Horizon and others plunged with the Dow Jones Average, the Memphis Grizzlies and Memphis Redbirds are struggling at the gate, and foreclosures are expected to soar this year.

“In order to do all these things our economy must remain strong,” the mayor said.

Categories
Opinion

Best, Worst Ideas of 2007

I don’t think it’s a good idea for anyone to serve five straight terms as mayor, but 42 percent of the people who voted in October thought otherwise. Underestimating Mayor Willie Herenton’s political base was not a good idea, and neither was relying on polls to tell you to run against him in a three-way.

It was a good idea for seven City Council incumbents to decide not to run again. (Rickey Peete and Edmund Ford had little choice.) Fresh horses and all that, plus the next four years won’t be any picnic if Memphis slides into a recession.

Going to trial against federal prosecutors in public corruption cases was not a good idea. They’re unbeaten. John Ford put up a good fight, but the tapes were devastating and a jury convicted him on one count to get him a 66-month prison sentence, slightly more than the 63 months given to Roscoe Dixon, who also went to trial.

Cooperating with federal prosecutors was a good idea. Second-offender Rickey Peete got 51 months, and Michael Hooks, who held three elected positions in his career, is serving 26 months. Darrell Catron, who kicked off Tennessee Waltz, got probation plus a new house and spending money without, so far, even having to testify in a trial. Ralph Lunati pleaded guilty and got 18 months for running what investigators called the wildest and most wide-open, drug-infested strip clubs in the country.

Building a team for the future was not a good idea. The Grizzlies will be eliminated from playoff contention about the time March Madness begins.

Building a team for the present was a good idea. You can complain about college basketball stars leaving school early for the pros or you can accept the fact and go get them, as Coach John Calipari has done. No one has done a better job than Calipari of making the best of a bad situation — competition, Beale Street clubs, a weak Conference USA schedule, early departures, a resurgent University of Tennessee. Memphis against UT will be the hottest ticket of 2008.

Hanging around until the shit hits the fan was not a good idea. Joseph Lee, a nice guy who got terrible press, would be in a lot less trouble today if he had not stayed so long at MLGW or had never gone over there from City Hall in the first place.

Resigning before the shit hits the fan was a good idea. Andy Dolich, a nice guy who got great press, couldn’t sell out FedExForum for the Grizzlies. Two weeks later, he landed on his feet as chief operating officer for the San Francisco 49ers. And has anyone seen Jerry West or remember why he was the toast of the town? And why didn’t Carol Johnson tell us any of this stuff was going on at the Memphis City Schools before she left for Boston to be superintendent?

More fun downtown, in the form of roller coasters at The Pyramid, is not a good idea. Look at it this way: Nashville has state government and office buildings and corporate headquarters of insurance companies and telecoms, Knoxville has the University of Tennessee, Little Rock has the Capitol and the Clinton library, and the front door of Memphis might be an amusement park in an abandoned landmark?

Less fun and more work downtown is a good idea. If Mud Island is going to be closed more than half the year, then why not let a private developer have a go at it? Closing streets and turning St. Jude Children’s Research Hospital and ALSAC into a true campus was another good idea. So was signing a deal to bring the University of Memphis law school downtown to the old Customs House and post office on Front Street.

Monetizing content by selling sponsorships for stories in The Commercial Appeal was not a good idea, unless you’re in the public relations business.

But monetizing content somehow in the Internet age is a good idea, unless you think reporters and editors should work for nothing. And so was the CA‘s decision to admit a mistake and back off before any more damage was done.

Building a new football stadium at the Fairgrounds was a bad idea. The problem is the teams on the field, Conference USA, and the stadium’s shabby surroundings.

Flat screens, high def, and the new no-smoking regs in bars were good ideas. The best seat in the house is at a sports bar or on your couch.

Categories
Opinion Viewpoint

The Pyramid: Too Big to Ignore

In opinion writing and investing, it’s good to remember that, as the cliché says, every day is the first day of the rest of your life. All those mistakes and misjudgments and lost causes don’t matter. Move on.

So, The Pyramid. It’s too big to ignore and it won’t go away, at least not without engineers and high-grade blasting materials.

First, readers should check out the Smart City Memphis blog. Author Tom Jones and, apparently, many of his readers were around at the inception of The Pyramid and saw many of its signature moments first hand. There are some good comments. I also saw The Pyramid come out of the ground, and these are some of the things I remember.

The Pyramid was the vision of one man, John Tigrett. It simply would not have happened, period, without him. Off hand I cannot think of another “big deal” in Memphis that you can say that about. This is one reason why adapting it to a new use is so hard.

Tigrett was charismatic, reclusive at times, very smart and sometimes aloof and he would refer to mayors Bill Morris and Dick Hackett as “sport” and “boy” in a way that was part avuncular and part hard-edged. My impression was that he usually knew exactly what he was doing.

He wanted to do something big and lasting for Memphis, and other than fame of a sort, which I don’t think he cared that much about, there was nothing in it for him. He could afford to lose some money, but the damage to his reputation hurt him.

His vision was also the building’s great limitation. Once it got rolling, there was no stopping it because The Public Building Authority that studied it and ultimately blessed it held several public meetings that were personally chaired by Tigrett’s friend Fred Smith. If you thought you had a better idea or had a nagging feeling that the whole thing was a great mistake, you were advised to have your ducks in a row because this was one powerful train.

I vividly remember three things during the construction period. The original location was the South Bluff, but it was moved for practical and political considerations that depreciated its appeal as a landmark, probably fatally. When the steel skeleton was finished, I went to the top with county engineer Dave Bennett. Ironworkers were balancing on beams 300 feet in the air like it was nothing and one guy was perched at the end of a beam with a video camera like a dad taking movies of his children at the mall. There was about a three-foot gap between walkways at one point, with a straight drop to the floor if you stumbled, lost your nerve, or looked up to admire the scenery. Three or four feet doesn’t seem like much until you’re way up in the air. I let my photographer do that one.

On another tour a few months later after the building was enclosed, I remember attorney Bill Farris, a PBA member, Tigrett contemporary, and a pretty powerful guy politically, quietly saying to noone in particular “would you say too much space?” when our guide pointed out all the open space between the arena floor and the “ceiling.” Farris clearly had an opinion, but he also knew the cards had been dealt and played and it wasn’t his day.

You had to meet Sidney Shlenker to believe him. Some people think The Pyramid was his idea but it wasn’t. It was like the gods decided to play a great practical joke on Memphis and sent us Mr. Shlenker. He had a track record with big arenas in Houston and Denver and I think he tried his best.

You also had in the mix one Isaac Tigrett, son of John Tigrett, and cofounder of Hard Rock Café, which was the hottest, hippest thing going in the late 1980s. The Pyramid never got a Hard Rock, but it did get some of Isaac’s mystical crystals stashed in the apex, which was seriously weird and possibly a continuation of the cosmic joke.

The practical limitations and wasted space inside the building were obvious from Day One to anyone attending a basketball game or concert, but it still hosted some very cool sold-out events that Memphis would not have had otherwise, including the Grizzlies. And the view from across the river when The Pyramid is lit up at night the way it should be but isn’t, and the view from the top (there are actually two levels and a whole lot of space) if you ever get a chance to see it, are spectacular. There should be a public open house so everyone can do that. I bet if they put in an elevator a lot of people would still take the stairs.

So that’s what we’ve got. As Robert Lipscomb says, people are not exactly lining up to buy it and Bass Pro would be a pretty good idea, IMHO. On the other hand, tearing it down might also be a pretty good idea given all that’s come before.

Categories
News

New Target Slated for Ridgeway and I-240 Development

PRNewswire – Weingarten Realty Investors announced today Target will be the anchor store for its Ridgeway Trace development in Memphis. Weingarten Realty recently sold 10.1 acres to Target to develop a store which is expected to open in March 2009.

Ridgeway Trace is located at the intersection of Poplar Avenue and I-240 and will be the first retail development of this size in east Memphis in more than 30 years.

The 26-acre project will include an additional 150,000 square feet of retail space with a mix of “lifestyle tenants and national retailers.” The center could include a national bookstore and a national home electronics retailer.

Ridgeway Trace is scheduled to open in spring 2009, with the development being handled from Weingarten’s Atlanta regional office.

Categories
Cover Feature News

Living in an Uptown World

Five years after an ambitious redevelopment project began, property values in Uptown are the fastest-growing in Memphis. But even the area’s developers were surprised when property values started to rise almost as soon as the project began.

“We didn’t realize how quickly our improvements would affect our work,” says Alex Mobley, vice president of Uptown’s community development company. “By buying land and reusing it, it raised property values so high, so quickly, that several times we ran out of money.”

Though it slowed their work, it also meant that other people in the city were, quite literally, buying into the Uptown project.

Using tax increment financing and a $35 million federal Hope VI grant, developers Jack Belz and Henry Turley teamed up with the city of Memphis in 2002 to revitalize the area just east of Harbor Town. The result was a 100-block mixed-income neighborhood that Turley calls “revitalization without gentrification.”

“The focus isn’t on tearing everything down, but infilling vacant lots while leaving the habitable homes and apartments in place and ultimately bettering them,” Turley says.

Memphis Housing and Community Development director Robert Lipscomb compares the project to rebuilding a small city.

“When I first got to HCD, our public housing was horrible. It was embarrassing for a city this size to have people living in those conditions,” Lipscomb says.

After being denied a Hope VI grant for the Hurt Village housing project, the city reapplied with a broader plan in mind. “Why not include Lauderdale Courts in the project and make it the whole area stretching from there to Hurt Village?” Lipscomb says. “People looked at us like, you’re going to do what?”

The city began revitalization by acquiring abandoned and vacant lots in what was then known as Greenlaw and hiring Belz and Turley to redevelop them. Hurt Village was demolished and a walkable, mixed-income community planned in its place.

Mobley began working with the Uptown project in 2003, during the demolition phase. “I thought to myself, this is going to be a lot of work,” she says.

In 2005, the Metropolitan apartments opened with great fanfare, and former residents of Hurt Village were among some of the first tenants.

“Once people started moving in, the change was incredible,” Mobley says. “Every month you would see enormous improvement.”

Every new home is built to MLGW EcoBUILD standards, saving residents roughly 35 percent on their electric bills and 55 percent on gas bills. Using the Hope VI program, prospective homebuyers can qualify for an interest-free forgivable grant that is reduced 10 percent per year for 10 years.

“It hasn’t been a real moneymaker from our standpoint,” Belz says about the Uptown project, “but it’s been a worthwhile contribution to the continued revitalization of downtown Memphis.”

With the initial phases complete, 5,000 new residents are sharing chili cook-offs, progressive dinners, and touch football games with longtime residents of the oldest suburb in Memphis. A commercial development also is planned near Auction and Danny Thomas.

But, as the neighborhood transitions to self-sustainability, it still faces challenges. The project initially met with skepticism and distrust, and some of that lingers. Turley cites crime, public schools, and blight as areas that need improvement, and he also wants to find a way to help longtime residents improve their property.

“What has been called the new neighborhood and the old neighborhood … we’d like to blur that distinction in the coming year,” he says.

And though part of the project was an anti-blight initiative, the Uptown area still has pockets of blight.

“It’s challenging, but the end result will far outweigh the difficulty,” Mobley says. “Once you meet the people who live there now and the people who have lived there for years, it makes it all worthwhile.”

Justin Fox Burks

Grace Church, pastored by Jordan Thomas, Bryan Smith, and Nathan Sawyer, holds services at Bridges.

Early Adopters

Rich Bullington and Kaleigh Donnelly moved their family to Uptown after being pioneers in Cooper-Young.

While Rich Bullington and Kaleigh Donnelly were building their new house, it got the neighbors talking.

“There was a rumor going around that this house was being built as auxiliary patient housing for St. Jude,” Donnelly says.

The neighborhood can perhaps be forgiven for assuming — somewhat correctly — that the research hospital was involved. Donnelly works in St. Jude’s food-service division and likes the complex’s signature coral color so much, she decided to use it on her house, too.

“[The builder’s decorator] went to St. Jude with her little paint-chip book and went up to a wall,” Donnelly says. “Security was like, I don’t know if we’re going to let you in, and she says, please, I just want to match the paint.”

It was raining that day, so Donnelly calls her house’s color “wet St. Jude.” Officially, however, the color is “mellow coral.”

Donnelly and Bullington are early adopters when it comes to burgeoning communities. When the family bought in Uptown, the neighborhood was nothing but dirt. And their first home together was in a then-sleepy Cooper-Young.

“We bought our house [in Cooper-Young] in the spring of ’93. There was nothing there, just Java Cabana and Café Ole and that was it,” Donnelly says. “We just knew we were making a good investment. My parents thought we were crazy.”

After moving in, the couple didn’t think they would ever move out of Cooper-Young. But they say it got to a point where one bathroom wasn’t enough for the family of four.

“Honestly, that was a big part of it,” Donnelly says. “The house was built in 1935, and there’s only so much you can do to improve it without taking the character away. We didn’t want to do that, but we needed more house.”

One day, while the family wrangled over the bathroom, Bullington remarked that they needed a bigger house. Later on that day, Donnelly called him and told him she had found their new house. It wasn’t built yet, but she had found it.

Now they have 1,800 square feet, three and a half bathrooms, central air, and enough electrical outlets so they don’t have to plug surge protectors into surge protectors for all their electrical appliances.

Though Donnelly didn’t work at St. Jude when the family decided to move to Uptown, having a job close to home is a big plus. It takes her about 15 minutes to walk to work each morning.

The family doesn’t consider themselves “tree-huggers,” but between the walkability and the sustainable materials used to build the house, it all made sense.

“Before we got married, I wanted to live downtown and he wanted a house with a yard,” Donnelly says. “This seemed like a way to get downtown and have a house and a yard.”

Now they hope that Uptown will be just as good an investment as Cooper-Young was.

“My parents ate their words,” Donnelly says. “Now they totally trust my judgment on real estate decisions. They’re like, Uptown? Looks brilliant. Do what you’ve got to do.”

Justin Fox Burks

Grace Church, pastored by Jordan Thomas, Bryan Smith, and Nathan Sawyer, holds services at Bridges.

The Prodigal Son

Justin Fox Burks

The Donnelly-Bullington family moved to Uptown from Cooper-Young.

For Tory Parks, it’s not just real estate; it’s home.

When Tory Parks began renovating the apartment building at 241 Mill, he decided to rent the units instead of selling them as condos.

“It’s my history, so it’s not for sale,” Parks says.

Members of Parks’ family have lived in the building since 1905. He grew up there with his mother. His great-grandmother and two aunts lived there, as did his grandparents. In fact, after his grandparents split up, they continued to live there, in two different apartments next door to each other. But in the 1980s, the family began to move out of Greenlaw.

“My grandmother was the last of our family to live here. Drug dealers moved next door, so I bought it, gutted it, and started over,” he says.

Parks graduated from Central High School and got his criminal justice degree from Southwest Tennesse Community College. But about 10 years ago, he started renovating property.

“When I got into it, I just wanted to perfect it. I’d fix one up and do it again until I got it right,” Parks says.

For Jennifer Place — named after his mother — the style is “New Orleans” on the outside and “Bahamas” on the inside. He included a graceful arch in the living rooms and each of the bottom-floor units has a private garden in the back.

On a mild September morning a week before the grand opening, Parks sits on the building’s steps. Passing motorists and pedestrians say hello as they pass.

In a way, Parks is a bridge between Greenlaw and Uptown — what was and what could be.

“There was a little bit of distrust because of the way the development moved in. You’re trying to police people you didn’t want to police at first,” he says. “People would get killed in this neighborhood when I was growing up, and it wouldn’t even make the news. It was like it wasn’t important.”

Now, he says, anyone should be able to see the area’s redevelopment was a good thing for everybody.

“We’re taking back the community. The number of bad people who still live in the community is low, and the number of good people is high,” Parks says. “After awhile, you’re going to have to get with it or leave.”

Parks bought the apartment building for $37,000 in 1997, and, though its value has appreciated since then, it hasn’t been an easy road. Two years ago, he was about 80 percent done with the renovation when someone burned down the building.

“That was a critical blow. That took a year of my life away,” he says. Then he thought about his mother, raising four boys on her own, and knew he couldn’t give up.

“I couldn’t let her down. I want to build communities. I’m not just housing people,” he says.

And maybe he’s succeeded. When his grandmother saw a sidewalk in front of the building — something that didn’t exist when she lived there — she burst into tears.

“A lot of people tell me, man, you’ve invested too much. I’m like, I used to live here. You mean to tell me I’m not worth it? This isn’t just real estate. I’m trying to inspire people.”

Justin Fox Burks

Grace Church, pastored by Jordan Thomas, Bryan Smith, and Nathan Sawyer, holds services at Bridges.

Single in the City

Justin Fox Burks

Tory Parks has renovated the Uptown apartment building he grew up in.

Jackson, Tennessee, native finds a home that’s just her size.

Charlotte Marshall wanted to buy a house, but hesitated when her realtor suggested Uptown.

“I had looked there years ago, and the houses were all three and four bedrooms,” says the single woman. “I didn’t know they had started building houses with two and three bedrooms, so I initially said no, I don’t need that much room.”

She looked in other areas — Midtown, downtown, East Memphis — but returned to Uptown.

“They had started building houses for single people, not just families,” Marshall says. She found a house that was the right size and reminded her of places she had lived in Maryland and Florida.

“I liked the area,” she says. “It’s not like any other community in town. There are people who have been here 30, 40 years, mixed with people who have just moved in. There are different races. It’s very urban.”

A native of Jackson, Tennessee, Marshall moved to Memphis in 1996 and works in quality assurance for Coca-Cola in West Memphis. She wanted to live close to downtown, and she needed to live close to work. Uptown is about as close to the Hernando DeSoto bridge as one can get.

“It’s close to where the action is,” she says of her house on 5th Street. “Since I’m single, there’s no point in living in the suburbs. That’s for families.”

Being close to the action is one thing, but she’s also in a good spot for physical activity. Marshall goes to a downtown gym, and she also typically runs seven to 10 miles several times a week.

“When I go jogging, I can go through four different neighborhoods in 45 minutes,” she says. “I go to Harbor Town and loop around there, come back down Jackson, go through Overton Park, go down Madison and the medical district. I like that the neighborhoods are so close.”

If other neighborhoods are close, the neighbors are even closer. She knows all the neighbors on her block, and, in November, they had a progressive Thanksgiving dinner. One house had appetizers and drinks, another had the main course, and another had dessert.

“It reminds me of a city that is not so close-minded,” Marshall says. “It’s up-and-coming, and I like that.”

Justin Fox Burks

Grace Church, pastored by Jordan Thomas, Bryan Smith, and Nathan Sawyer, holds services at Bridges.

Retail Reworked

Justin Fox Burks

Charlotte Marshall in front of her Uptown home

A former University of Memphis architecture student did his homework on Uptown. Literally.

Duke Walker might say he’s going to “the store,” but what he really means is that he’s going home.

Last summer, Walker bought Lee’s Cash and Carry, a 1,500-square-foot grocery store that’s been in the neighborhood since 1936, to renovate it into a modern home.

An Air Force brat, Walker spent his early childhood in England, Turkey, and Spain before his father retired to the family tobacco farm in Virginia. He initially came to Memphis with his wife and worked in construction.

“She had landed a job here, and as a construction worker, I could work anywhere,” Walker says. “When I moved to Memphis, I started living out east. I wasn’t aware of what was going on. I just knew that was where all the construction was. I could bend a lot of nails out there and make some money.”

In the late 1990s, with 20 years in construction and a failed marriage under his tool belt, Walker decided to go back to school to study architecture. It was there that he began looking at urban sprawl and its debilitating effect on the urban core.

“It started grating on me,” he says. “I’ve been supporting this? And in a big way! We’re framing these multi-million dollar-custom houses, and it’s like, I’m helping these people screw up the city.”

For his thesis, Walker studied ways to use derelict land near downtown, spending a lot of time in the neighborhood then known as Greenlaw. He started thinking about reusing and renovating older buildings.

“I guess that’s what I did with myself,” Walker says. “I made use of what I had and remade myself.”

When he got a job with the Hnedak Bobo Group this year, he began to look for a place to live downtown and saw a listing for Lee’s Cash and Carry.

“I thought, I bought a Gatorade in that store when I was working on my thesis. And now it’s for sale,” he says. “It was rezoned residential, and all these little bells were going off. Here it is, Duke. You better jump.”

Some of his friends think he’s crazy, but when he talks about using hidden resources and teaching his teenage children a lesson about conservation, he sounds both rational and incredibly excited.

“I could have bought a house for the same thing I paid for [the store] and not have to do much to it, but I just couldn’t do that,” Walker says. “Knowing that the building was sitting there, and maybe somebody would bulldoze it and build apartments there — nah. It’s a perfectly fine building.”

Renovations are rarely easy. Walker couldn’t get a residential loan for what was essentially still a commercial building, but he couldn’t get a commercial loan on property that didn’t have any commercial use. Instead, he got financing from the former owner.

“This is not just moving into a house,” Walker says. “This is changing the usage and trying to reintegrate this building and this location back to a living/working place again.”

He’d like to keep the “Cash and Carry” sign painted on the side, because he doesn’t want the neighborhood to lose the landmark.

“I want it to say Lee’s Cash and Carry. I want it to be the same thing everybody knows it as, but now Duke lives there instead.”

Justin Fox Burks

Grace Church, pastored by Jordan Thomas, Bryan Smith, and Nathan Sawyer, holds services at Bridges.

A Love of Antiques

Justin Fox Burks

Duke Walker at home in a former Uptown grocery store.

Larry Bonds restores old homes in the Uptown area, always looking for a story.

A friend says Larry Bonds is obsessed with old things. But all one has to do is step inside his front door to know that is true. Everything — from the furniture to the light fixtures to the old-fashioned wheelchair that sits near the front door — has a story.

“I use that on the porch,” Bonds says of the wooden wheelchair. “Some kids stole the chairs I had out there. This way, I can roll it in at night.”

Bonds is one of Uptown’s pioneers. After restoring several homes in Midtown with a partner, he began to hear about opportunities in Greenlaw in 2000. That year, he bought the house he and his family now live in for $13,500.

“I remember when downtown was a ghost town, and I had watched [revitalization] happen there. I said, now is the time to buy down here, because if that area did it, this area will do it, too,” Bonds says.

The Mississippi native has renovated seven houses in Uptown and is in the middle of another renovation. He’s fixed up two apartment complexes, bought and sold three houses without touching them, and has other houses mothballed.

Most of the things in his home have come from houses in the neighborhood or from his family’s former antique store, or they’re odds and ends that he has found.

The tile in the upstairs shower is interspersed with marbles and pieces of pottery and china scavenged from the neighborhood. The light fixtures in the upstairs hall were installed originally in a gymnasium. In the kitchen, the black-topped island in the center of the room was once a lab table for Memphis City School students.

Everything in his study was salvaged, Bonds says. The floorboards came from an old crate. The light fixture, from a house he restored in Midtown, illuminates a row of likewise salvaged light fixtures, waiting to be reused.

“I don’t want anything new in my house. It doesn’t have a story,” Bonds says.

Because of his love of history, it’s fitting that Bonds lives in Greenlaw, Memphis’ first suburb, even if it is called Uptown now.

“It’s the oldest neighborhood in Memphis. It’s got a lot of character,” Bonds says. “A Civil War soldier walked through this house. If we were sitting here the day Memphis got attacked by the Yankees, we would be able to hear the gunfire off the river. That’s pretty cool.”

Justin Fox Burks

Grace Church, pastored by Jordan Thomas, Bryan Smith, and Nathan Sawyer, holds services at Bridges.

Home Grown

Justin Fox Burks

Larry Bonds and his family in their Uptown kitchen.

Local men “plant” evangelical church in Uptown.

Jordan Thomas, Bryan Smith, and Nathan Sawyer aren’t interested in building a megachurch.

Since beginning Grace Church last year, the pastors have gained a following of more than 30 members.

“That’s exceeded our expectations at this point,” Thomas says. “I honestly thought that the first several months we’d be in my living room, and it would hold what? 15?”

The living room in question is in a cozy new house on Mill, near Greenlaw Circle.

About four years ago, the trio began thinking about planting a new church. They were all from the Memphis area, having lived in West Memphis, Millington, Olive Branch, and Bartlett. Then, in 2005, Thomas attended a church-planter program in Minnesota.

“The one thing we were waiting for was another church that would bless the effort and say, hey, this seems like the Lord’s at work, not just some crazy guys,” Thomas says. “They said they would be really happy with any major city in the United States.”

The next challenge was to find a location.

“We saw how close Uptown was to the river and how close it was to the downtown population,” Smith says. “Uptown was being revitalized. Plus Midtown is right there. It became obvious to us that this is where we needed to plant.”

The trio also noted that most of the evangelical churches had migrated east, while the downtown population was rebounding.

“There are a lot of people and not many churches,” Thomas says. “I don’t know if that’s profound or not, but it was obvious.”

Even without its own building, the church has become a part of the community. Services are held at the nearby Bridges building. Over the summer, the men did a kids’ Bible study every Sunday night in Greenlaw Park, and Thomas’ house has become one of the neighborhood kid hangouts.

“I have four children,” he explains.

But for a group that isn’t interested in a megachurch, their followers are definitely following their lead. Both Smith and Thomas have moved to Uptown, and Sawyer is planning to move there. Out of the church’s 30 members, five other families have already moved into the neighborhood, as well.

“We never said we think everybody should move here,” Smith says. “They knew this was where we are going to plant and that we plan to impact the community. Part of that is moving into the community, and I think people have just felt that.”

Editor’s note: Jack Belz and Henry Turley are minority stockholders of Contemporary Media, Inc., parent company of the Memphis Flyer.

Categories
News

County Commission Committee Urges No More “Letters of Intent” for Bass Pro/Pyramid Deal

A County Commission committee has
approved a resolution asking Memphis Mayor Willie Herenton not to sign another letter of intent with Bass Pro for The Pyramid if nothing further with the company develops before the January 31st deadline.

The commission is looking at a proposal for an $250 million redevelopment plan with an indoor amusement park and a hotel proposed by the Ericson Group.

The city and county have signed three letters of intent already with
Bass Pro. The county has something of a gentleman’s agreement to let the city be the lead agency in negotiating for a new use for The Pyramid.

Commissioner Mike Ritz expressed the commmittee’s concerns: “The city may want to extend the letter of intent some more … How do we keep that from happening?”

The resolution will come before the full County Commission on Monday.

Categories
News The Fly-By

Sex and Real Estate

Urban Land Institute trend-watcher Chuck DiRocco says everything comes down to real estate.

“If an adjustable-rate mortgage resets from $600 a month to $900 a month, that’s $300 in disposable income that people are not spending elsewhere,” DiRocco said. “It’s going to affect commercial real estate down the line.”

As one of the authors of the land institute’s Emerging Trends in Real Estate, DiRocco was in Memphis last week to present the study’s findings and to discuss which markets are the “ones to watch.”

And, frankly, Memphis wasn’t one of them.

In terms of commercial and multi-family development potential, the study ranked Memphis 38th out of 45 metropolitan areas. Topping the list were Seattle, New York, Washington, D.C., Los Angeles, San Francisco, and Boston.

“The top markets to watch fall on the coast,” DiRocco said. “It all comes down to global pathways.”

That and what the study calls “24-hour cities.”

“For years, Emerging Trends has extolled the handful of America’s 24-hour cities — multifaceted markets with desirable, walkable residential neighborhoods near commercial cores: New York [City], Washington, D.C., San Francisco, Boston, and Chicago. These markets — along with Southern California’s suburban agglomeration and more recently Seattle — have gained further status as the preeminent U.S. global gateways,” read the report.

With the economy on a downswing, investors want to be safe, not sorry. But DiRocco noted that logistics experts are beginning to look inland for global gateways. And that is where local panelists think Memphis could succeed.

“Though we’re not a port city,” said local panelist Jim Mercer of CB Richard Ellis, “I think we’re probably the next best thing.”

With FedEx’s hub and the busiest cargo airport in the nation, Memphis is uniquely situated to become what experts call an “aerotropolis,” a city built around a bustling airport and aviation-intensive businesses.

But, as DiRocco says, everything depends on real estate.

Which might explain why, later that same day at a public hearing, representatives from airport area businesses and the Memphis medical community spoke against the city’s proposed sexually oriented business ordinance.

The area around the airport includes an unlikely combination of Smith & Nephew, Medtronic, Elvis Presley Enterprises, FedEx, and various adult businesses.

If enacted, the city ordinance would replace a new county ordinance that outlaws topless dancing and prohibits alcohol in the clubs. The city ordinance would allow beer sales and topless dancing.

If the City Council decides to do nothing, the county ordinance will go into effect countywide January 1st.

“We would prefer to adopt stricter guidelines,” said Bill Griffin, a senior vice president with Smith & Nephew. “We want to make the area around the airport a nice place to do business.”

John Lawrence, head of the Airport Area Development Corporation, said member businesses were concerned about the secondary effects of sexually oriented businesses, such as crime and falling property values.

“Today, it’s an area where industry is bringing in prospect after prospect. They’re bringing in doctors, researchers. Do we value these businesses?” Lawrence asked.

It seems strippers are standing (or dancing) in the way of Memphis’ potential in the global economy. But that’s not quite fair. As a representative for the sexually oriented businesses, attorney Edward Bearman pointed out that nothing in the new ordinance makes sexually oriented businesses safer or reduces crime.

“The reason the clubs are located near the airport is because that’s where the zoning will allow them,” he said. “They have money invested in this town, just the same as other businesses.”

I’m not going to get into whether clubs should close at 3 a.m. or midnight or whether they should allow beer sales or brown-bagging, nude dancing or semi-nude dancing.

But if the city’s goal is to encourage global pathways through Memphis, then the airport area is a precious commodity. Elvis Presley Enterprises, for instance, has a $250 million plan to transform the area around Graceland much like Disney did in Anaheim, California.

If the city doesn’t enact an ordinance, the county ordinance might regulate the strip clubs right out of business. I’m not sure that’s right, but lap dances and back rooms don’t seem to fit with a global commercial hub and an international tourist destination.

Adult businesses may offer something to see, but they won’t make Memphis a market to watch.

Categories
News The Fly-By

Farm Futures

Four generations — some old enough for their AARP cards and others too young to drive — gathered at Shelby Farms Visitor’s Center Saturday, December 1st, to brainstorm about the future of Shelby Farms Park.

At 1 p.m., about 30 adults, ranging in age from late 20s to early 80s, gathered at the center as part of a series of public input sessions. Later in the day, nearly 30 teens met in the same room for the same purpose, but their ideas couldn’t have been more different.

“I don’t want to see more development,” said Travis Handwerker, a middle-aged man who frequents the park to walk his dog. “I want to see the naturalness enhanced. I don’t want to see hot dog stands.”

Another man at the early-afternoon meeting echoed his concern: “I’d hate to see vendors come in.”

But hours later, several teens pitched the idea of opening a “green café” serving coffee and healthy snacks.

“How close is the nearest restaurant? And I’m not talking about a McDonald’s,” said 17-year-old Nick Finlayson of Middle College High School.

The Shelby Farms Conservancy asked attendees to place suggestions on notecards. The ideas will be compiled in a report and presented to the three design firms selected as finalists in the Shelby Farms master planning process.

Hargreaves and Associates of San Francisco, Berkeley-based Tom Leader Studio, and New York City’s Field Operations will use the input in their master plans. Those plans will be unveiled to the public in March during another set of input meetings.

“Many people are concerned about overdevelopment. They don’t want the park to lose its natural feel,” said Laura Adams, interim director of public engagement and development for the Shelby Farms Park Conservancy.

Adams said the most common requests have been more bathrooms, improvements to the outdoor amphitheater, and adding rustic camping sites. Sustainable energy, such as solar panels on the visitor’s center or windmill energy, are also recurring themes.

At the teen meeting, suggestions were a little more far-reaching. In addition to an eatery, teens would like to see a ropes course, a rock-climbing wall, a seasonal ice-skating rink, and a swimming pool with a water slide. One teenager even suggested a water park.

“Change is always good. That’s something that people [in the adult meetings] may have a problem with, but you have to develop this park to get teens to come out and use it,” said 17-year-old Brandon Asemah, president of the Shelby Farms Youth Alliance. “Memphis is not very teen or kid-friendly. Why do you think we have so much crime?”

Finlayson agreed. Though he lives in Midtown, he says he rarely visits nearby Overton Park because there’s nothing to do.

“Parks just being parks aren’t that appealing to teens,” said Finlayson.

But the adults and teens did agree on a few things: They’d like to see the park stay open later with nighttime family activities, such as live music or astronomy programs. And everyone seemed to agree that the restrooms could use an upgrade.

Said Memphis University School senior Chris Bloodworth: “It’s not groundbreaking or revolutionary, but how about some real bathrooms at this place?”

Categories
Opinion

Auctioning Memphis

From South Memphis to Southwind, Memphis is losing value. Two people who ought to know say so. Both are professionals, and neither is an alarmist or a naysayer.

One of them is Shelby County asssessor Rita Clark, whose job is putting a dollar value on houses, buildings, and land for tax purposes. The other is auctioneer John Roebuck of Roebuck Auctions, one of the leading real estate auction firms in the South.

They calculate value differently. Clark and her staff use computer models, comparables, sales histories, and first-hand “windshield” inspections. Roebuck wields a microphone and a gavel and stands in front of a group of buyers and opens the bidding.

But they’ve come to the same conclusion: Real estate prices are declining, which reverses a long trend of increasing values.

“Memphis is a strange city that does not dip and rise like other parts of the country,” Roebuck said. “Right now, Memphis is down about as far as I can remember in 30 years.”

He said people are leaving the city, demand for housing is low, and there is a surplus of new homes and condos. Even the owners of some million-dollar homes are turning to auctions as a way to unload their property.

“Auctions get a bad rap,” Roebuck said. “An auction typically brings the true market value that day. Appraisals are just one man’s opinion.”

He expects to see “a substantial reduction” in home values in the next countywide reappraisal in 2009, leading to an overall decline in the tax base.

Clark doesn’t disagree with that evaluation.

“Absolutely,” she said, when asked if the tax base in Memphis could be shrinking, although she declined to put a number on it at this time. “We follow the market. We don’t predict the market.”

Clark will leave office next September after serving 10 years. In the 1998, 2001, and 2005 reappraisals, the total value of assessed property in Memphis increased an average of 14 percent each period. The suburbs were up even more, led by Collierville (up 24 percent in 2005) and Lakeland (up 30 percent in 2005).

Higher property appraisals are an indication of a healthy economy and provide a cushion for Memphis and Shelby County governments, which operate primarily on property taxes and sales tax. If housing prices continue to fall, lower appraisals will mean lower tax collections and less money for schools, police and teacher salaries, sports facilities, parks, and debt service.

There is also the prospect of no tax collections at all from some property owners. Memphis is one of the top foreclosure markets in the country. Foreclosures are expected to get worse in 2008 as subprime mortgages are reset at higher rates.

The usual way to balance the budget in Memphis and Shelby County is with a tax increase, but Memphians already pay the highest property tax rate in Tennessee. The smell of scandal is in the air. Houses aren’t selling. Values are declining. Mayor Herenton got only 43 percent of the vote. The 2008 City Council will have nine new members. And they’re going to increase taxes? Don’t think so.

Other signs point to a stagnant city that is getting poorer, not richer. In banking as in real estate, it looks like the big money has been made for a while. This has been an awful year for banks. The stock price of First Horizon, the last of the big Memphis-based banks, is $21 a share compared to $43 a year ago. The share prices of other regional banks with a big presence in Memphis, including Regions, Renasant, Trustmark, and Cadence, are all down at least 30 percent this year and are at or near five-year lows. FedEx, our corporate jewel, is off 15 percent so far this year.

At the risk of piling on, there is an unsettling tone in the public relations campaign to “liberate” the National Civil Rights Museum from “corporate interest domination.” Unsettling because it sounds like the preelection rhetoric of our soon-to-be fifth-term mayor who as much as wrote off the white vote. So much for public-private partnerships.

The $30 dinner entrée, the $570 a night hotel suite, the $140 Grizzlies ticket, the $45,000 SUV, the $40,000 a year college tuition, and a $30 million public boat landing look like relics of a golden age. Let’s hope Memphis can still support them a year from now, but I wonder.

Categories
News

Memphis Selling For Less

From South Memphis to Southwind, Memphis is losing value. Two people who ought to know say so. Both are professionals, and neither is an alarmist or a naysayer.

One of them is Shelby County asssessor Rita Clark, whose job is putting a dollar value on houses, buildings, and land for tax purposes. The other is auctioneer John Roebuck of Roebuck Auctions, one of the leading real estate auction firms in the South.

They calculate value differently. Clark and her staff use computer models, comparables, sales histories, and first-hand “windshield” inspections. Roebuck wields a microphone and a gavel and stands in front of a group of buyers and opens the bidding.

But they’ve come to the same conclusion: Real estate prices are declining, which reverses a long trend of increasing values.

“Memphis is a strange city that does not dip and rise like other parts of the country,” Roebuck said. “Right now, Memphis is down about as far as I can remember in 30 years.”

He said people are leaving the city, demand for housing is low, and there is a surplus of new homes and condos. Even the owners of some million-dollar homes are turning to auctions as a way to unload their property.

“Auctions get a bad rap,” Roebuck said. “An auction typically brings the true market value that day. Appraisals are just one man’s opinion.”

He expects to see “a substantial reduction” in home values in the next countywide reappraisal in 2009, leading to an overall decline in the tax base.

Clark doesn’t disagree with that evaluation.
“Absolutely,” she said, when asked if the tax base in Memphis could be shrinking, although she declined to put a number on it at this time. “We follow the market. We don’t predict the market.”

Clark will leave office next September after serving 10 years. In the 1998, 2001, and 2005 reappraisals, the total value of assessed property in Memphis increased an average of 14 percent each period. The suburbs were up even more, led by Collierville (up 24 percent in 2005) and Lakeland (up 30 percent in 2005).

Higher property appraisals are an indication of a healthy economy and provide a cushion for Memphis and Shelby County governments, which operate primarily on property taxes and sales tax. If housing prices continue to fall, lower appraisals will mean lower tax collections and less money for schools, police and teacher salaries, sports facilities, parks, and debt service.

There is also the prospect of no tax collections at all from some property owners. Memphis is one of the top foreclosure markets in the country. Foreclosures are expected to get worse in 2008 as subprime mortgages are reset at higher rates.

The usual way to balance the budget in Memphis and Shelby County is with a tax increase, but Memphians already pay the highest property tax rate in Tennessee. The smell of scandal is in the air. Houses aren’t selling. Values are declining. Mayor Herenton got only 43 percent of the vote. The 2008 City Council will have nine new members. And they’re going to increase taxes? Don’t think so.

Other signs point to a stagnant city that is getting poorer, not richer. In banking as in real estate, it looks like the big money has been made for a while. This has been an awful year for banks. The stock price of First Horizon, the last of the big Memphis-based banks, is $21 a share compared to $43 a year ago. The share prices of other regional banks with a big presence in Memphis, including Regions, Renasant, Trustmark, and Cadence, are all down at least 30 percent this year and are at or near five-year lows. FedEx, our corporate jewel, is off 15 percent so far this year.

At the risk of piling on, there is an unsettling tone in the public relations campaign to “liberate” the National Civil Rights Museum from “corporate interest domination.” Unsettling because it sounds like the preelection rhetoric of our soon-to-be fifth-term mayor who as much as wrote off the white vote. So much for public-private partnerships.

The $30 dinner entrée, the $570 a night hotel suite, the $140 Grizzlies ticket, the $45,000 SUV, the $40,000 a year college tuition, and a $30 million public boat landing look like relics of a golden age. Let’s hope Memphis can still support them a year from now, but I wonder.