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Memphis News

Memphis News Summary (450 Words)

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Memphis experienced a surge in violent crime this week, with multiple shootings reported across the city, including a downtown incident that left three injured. Mayor Paul Young announced a new task force to address gun violence, while the Memphis Police Department faced scrutiny over staffing shortages. In other news, the Mississippi River dropped to near-record low levels, disrupting barge traffic and raising concerns about water supply. Meanwhile, Memphis International Airport reported its busiest summer travel season since 2019, with over 1.2 million passengers in June.

Political

Mayor Young unveiled a $750 million budget proposal, prioritizing public safety and infrastructure repairs. The plan includes funding for 150 new police officers and road repaving projects in underserved neighborhoods. Shelby County commissioners debated a controversial property tax increase, while Tennessee lawmakers passed a bill restricting local government authority over short-term rental regulations. The city also secured a $50 million federal grant for flood mitigation along the Wolf River.

Economic

Memphis’ economy showed signs of growth, with unemployment dropping to 4.2%, its lowest level in a decade. The logistics sector remained strong, with FedEx reporting record cargo volumes at its global superhub. However, downtown office vacancies climbed to 28%, prompting calls for redevelopment incentives. A new $300 million mixed-use project was announced for the Pinch District, expected to bring housing, retail, and a grocery store to the area.

Elections

The race for Shelby County District Attorney intensified as incumbent Steve Mulroy faced criticism over rising violent crime rates. Early voting began for the August county general election, with school funding and juvenile justice reform as key issues. Meanwhile, the Memphis City Council approved a redistricting plan that could shift political representation in the 2025 elections.

Entertainment

Memphis Music Month kicked off with free concerts at Overton Park Shell, featuring local blues and soul artists. The Orpheum Theatre’s summer Broadway series sold out, while the Memphis Film Festival drew independent filmmakers from across the South.

town

The Memphis Grizzlies made waves in the NBA draft, selecting two top prospects to bolster their roster. The Redbirds (Triple-A affiliate of the Cardinals) continued a playoff push, while Memphis 901 FC (USL) set a new attendance record at AutoZone Park. The St. Jude Championship PGA Tour event also announced its 2025 dates, expected to bring major tourism revenue.

Employment

Memphis added 3,500 jobs in June, led by healthcare, logistics, and hospitality hiring. Amazon announced plans for a new fulfillment center in Frayser, creating 1,000 jobs. However, workforce development advocates raised concerns about low wages in the retail and service sectors.

Legal

A federal judge blocked Tennessee’s ban on gender-affirming care for minors, impacting Memphis-based healthcare providers. The Shelby County Sheriff’s Office settled a jail overcrowding lawsuit for $2.1 million, while a former city council member faced corruption charges.

Business (Memphis Companies)

AutoZone shares rose 5% after strong earnings, while FedEx stock dipped amid concerns about global shipping demand. International Paper announced a $200 million expansion of its Memphis facility, and First Horizon Bank reported steady growth in regional deposits.