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6 hours ago, Binbin98 said:

I don't really see Memphis becoming an 'it' city like Austin or Charlotte or Nashville as far as extremely rapid growth, however, I can see Memphis growing in a slow and steady way that fits the city. In fact it has been growing in that way for years. There are a lot of developments going on in Memphis that shows that the city's growth and trajectory is just fine, and the growth it has doesn't really hinders or helps Nashville because of how far apart they are geographically, even though they are both in Tennessee.

Something I saw the other day about Memphis (and the area) was very interesting.  As we all know, Mississippi started allowing casinos along the MS River a couple of decades ago and it's mostly focused on Memphis and the million+ people there.  Just across the river from Memphis (and way closer than those casinos) was the Southland Greyhound Park in West Memphis, Arkansas.  Thing is, Arkansas didn't allow casinos...so unless you like greyhound racing, there was no reason to go there.  But...Arkansas saw a chance to grab some $$ since TN doesn't allow casinos...and Arkansas ok'd "gaming" at both Southland and Oaklawn Park (Horse Racing) in Hot Springs.  Well...in 2017...Southland brought in $2.7 BILLION...while all 8 of the MS casinos along the river brought in just over $600 Million...COMBINED!  Now...Arkansas is allowing full-blown casinos (allowing table games now)...and adding 2-3 "Indian" casinos (Quapaw and Cherokee).  Gotta believe those MS casinos are hurting.  And...gotta believe Memphis is dying to have a casino of their very own.

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Residents interested in road, sidewalk and sewer construction in their neighborhoods can now conveniently find details on a new Metro Nashville mapping site.

Nashdigs lists the type of work underway at ongoing public works, water services, and information technology infrastructure projects. It also provides estimated time frames for the construction. 

More at TheTennessean here:

https://www.tennessean.com/story/money/2018/12/04/nashdigs-map-utility-road-construction-nashville/2202580002/

Here is the Nashdigs website:

https://nashdigs.nashville.gov

Screen Shot 2018-12-05 at 3.02.29 PM.png

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On 12/4/2018 at 8:29 PM, Binbin98 said:

I don't really see Memphis becoming an 'it' city like Austin or Charlotte or Nashville as far as extremely rapid growth, however, I can see Memphis growing in a slow and steady way that fits the city. In fact it has been growing in that way for years. There are a lot of developments going on in Memphis that shows that the city's growth and trajectory is just fine, and the growth it has doesn't really hinders or helps Nashville because of how far apart they are geographically, even though they are both in Tennessee.

Memphis faces numerous problems.  The city, along with the entire Memphis MSA, have seen significant population declines in recent years.  Nashville surpassed it as Tennessee's largest city several years ago.  Top among the city’s issues are poverty (among the highest in the US), high crime, and a local economy that has been largely stagnant for the past 10 years. Memphis made a mistake decades ago when it tied its future economic development to transportation/distribution/logistics, all of  which do not require a highly educated, skilled workforce.  As a result of this weak economic growth and declining population Memphis can no longer be compared to Nashville as a peer city.  The Memphis of today is more comparable to cities like Louisville and Birmingham. 

Edited by dxfret
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Nashville Vice Mayor Jim Shulman has invited Metro Development and Housing Agency Executive Director Jim Harbison to a special joint committee meeting of the Metro Council to address questions about the agency's oversight and transparency raised in a recent Tennessean story.

In a Tuesday letter, Shulman requested Harbison's attendance at a future joint meeting of the council's Budget and Finance Committee and the Ad Hock Affordable Housing Committee. A date is not set.

More at TheTennessean here:

https://www.tennessean.com/story/news/2018/12/05/nashville-vice-mayor-jim-shulman-summons-mdha-director-jim-harbison-answer-questions/2214683002/

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On 12/5/2018 at 3:45 PM, dxfret said:

Memphis faces numerous problems.  The city, along with the entire Memphis MSA, have seen significant population declines in recent years.  Nashville surpassed it as Tennessee's largest city several years ago.  Top among the city’s issues are poverty (among the highest in the US), high crime, and a local economy that has been largely stagnant for the past 10 years. Memphis made a mistake decades ago when it tied its future economic development to transportation/distribution/logistics, all of  which do not require a highly educated, skilled workforce.  As a result of this weak economic growth and declining population Memphis can no longer be compared to Nashville as a peer city.  The Memphis of today is more comparable to cities like Louisville and Birmingham. 

This all falls on leadership. Memphis has been known for their crooked politicians (well more so than a normal crooked politician). There's a lot of special interests there, with none of those actually being to help the people. Another problem is the city and county governments don't really play nice with each other. One of the best things that Nashville did was to consolidate the city and county into a metropolitan government. Memphis has much to offer, but the leadership has been poor. I was reading about how some Memphis politicians were upset at the deal the state made to help land Amazon in Nashville. They need to learn from how Nashville put together their bid and worked as a team to make it happen. Honestly, Memphis would have been a great location for what Nashville got. They just tend to get in their own way because they don't work as a team. Memphis deserves better.

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Nashville is one of the most slowing housing markets in the country according to National Association of Realtors.   What it means locally is price increases are slowing and more choices.   all the other markets are west coast markets except for Dallas. 

https://www.realtor.com/news/trends/slow-down?identityID=5b28532427287dc6b504b762&MID=2018_1207_WeeklyNL_EMD&RID=5381474622&cid=eml_promo_Marketing_NonPRSL_WeeklyNL_${campaign.id?replace('cons.', '')}_2018_1207_WeeklyNL_EMD-blog_1_slowdown-blogs_trends

Edited by KJHburg
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9 hours ago, Binbin98 said:

This article is very contradictory to many other articles and statistics published about Nashville’s housing marketing recently. Indeed the housing market is slowing around the country and in Nashville, but Nashville will be nowhere near the hardest hit in the end. Especially with all the corporate relocations recently, the demand will catch up to the supply shortly with over 6,000 new job positions from other cities moving to the city in 2019.

I think it is a snapshot of right now as price growth has stalled and no I think Nashville housing prices are going up and way up.  My friend who is a mortgage lender in Alexandria VA right near the Amazon site up there reported this.  A condo for sale for $400k in Arlington (which is the county where Amazon is going) was listed for sale for a while then right after the announcement it was under contract for $100K MORE than list.    I think your close in housing prices are going to go up substantially.  This study was done for the 12 months ending in October.  

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14 hours ago, titanhog said:

Btw...one will be quite shocking (not height...but where it will be located)...and the other has a potential tenant that is a very "hip" name right now...and is a brand that will put another notch in our belt.

Maybe we will finally see something from River North!!

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From the NBJ (behind paywall). Article about the Opportunity Zones established by last year's federal tax bill. 

https://www.bizjournals.com/nashville/news/2018/12/10/intrigue-and-buzz-surround-new-incentive-that.html

If an investor sells property or an investment and reinvests his or her profit in one of those designated low-income areas, the law allows those investors to defer paying taxes on that profit until 2026. 

The map below shows the areas in urban Nashville eligible for this kind of investment. They are areas where real estate investors have shown varying levels of interest: North Nashville, including Buchanan Street and part of Jefferson Street; the Edgehill neighborhood, east of Music Row; Wedgewood-Houston, including The Fairgrounds Nashville property where a $250 million Major League Soccer stadium is in the works; and parts of East Nashville and the Cumberland River's east bank.

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15 hours ago, titanhog said:

I hate it when people say "I have some news...but I can't tell you what it is"...but that's what I'm going to do. :D

Talked to a developer's spouse and was filled in on two really awesome projects that are in the works...both towers (not sure of the height yet)...and both will be applauded if they come to fruition.  

I know that's a horrible tease....but I promise to say more when I'm allowed. 

Btw...one will be quite shocking (not height...but where it will be located)...and the other has a potential tenant that is a very "hip" name right now...and is a brand that will put another notch in our belt.

Is this potential tenant a hotel brand?

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22 hours ago, titanhog said:

...and the other has a potential tenant that is a very "hip" name right now...and is a brand that will put another notch in our belt.

A very hip name...  another notch...

11 minutes ago, smeagolsfree said:

Yes they do and stay tuned......

Apple Music wants to be here...

I will put these two pieces together to put Apple Music City in big LED lights on the top of Nashville's new tallest!

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