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Re: “UPDATE: More Details Emerge on $64M Ikea Memphis

BP-
It is funny that there is any gnashing of teeth in Nashville over this. If life is so great in Middle Tennessee and Nashville has advanced so far past the likes of Memphis, why would they even be reporting on this development?

For our dear friends in Nashville, never fear- the Memphis Business Journal is reporting that "The Ikea would be the first in Tennessee, although sources say a second could be announced in Nashville in the near future". Memphis is apparently just the beachhead for an all-out Swedish invasion.

2 likes, 0 dislikes
Posted by barf on 12/16/2014 at 7:55 PM

Re: “UPDATE: More Details Emerge on $64M Ikea Memphis

So not only is EDGE willing to give PILOTs for companies to simply maintain the same number of employees in an existing location, but EDGE is now going to start giving PILOTs to individual retailers? So are we going to start giving PILOTs to Dillards, JCPenney and Macy’s? What about Wal-Mart, Target and Kroger? How about Mimi’s Nails or Walgreens? Just think off all the jobs and sales taxes those businesses generate, and talk about quality of life- kind of hard to attract young graduates if you lack a grocery store.

It’s not much of a win if you have to shell out wads of cash just to get any Tom, Dick or IKEA to talk to you.

5 likes, 1 dislike
Posted by barf on 12/16/2014 at 7:42 PM

Re: “Ikea Coming to Memphis

If IKEA is the future then we better stock up on survival crap at Bass Pro.

1 like, 2 dislikes
Posted by CL Mullins on 12/16/2014 at 7:07 PM

Re: “Ikea Coming to Memphis

Well what is so important about IKEA versus The Bass Pro Shop is that IKEA is a nod towards modernity. In a region deeply tied to it's agrarian roots (Bass Pro) IKEA represents the promise of urbanity often lacking the the region. It marries us to Stockholm not Springfield, Mo. As we move into the knowledge economy, thinking of ourselves in those terms is a positive.

5 likes, 0 dislikes
Posted by BP on 12/16/2014 at 6:10 PM

Re: “UPDATE: More Details Emerge on $64M Ikea Memphis

What is so important about IKEA versus The Bass Pro Shop is that IKEA is a nod towards modernity. In a region deeply tied to it's agrarian roots (Bass Pro) IKEA represents the promise of urbanity often lacking the the region. It marries us to Stockholm not Springfield, Mo. As we move into the knowledge economy, thinking of ourselves in those terms is a positive.

9 likes, 3 dislikes
Posted by BP on 12/16/2014 at 6:04 PM

Re: “Ikea Coming to Memphis

The Ikea will not only generate their own sales but also boost sales at surrounding retail and restaurants. It will also help Memphis attract other new retailers.

It's going to be at Gtown parkway and I-40 - within the city limits.

4 likes, 0 dislikes
Posted by nobody on 12/16/2014 at 5:39 PM

Re: “Memphis: How We Googled in 2014

How to Twerk is 1 & 6? Folks wanna dance, I guess.

1 like, 1 dislike
Posted by Chris Davis on 12/16/2014 at 4:46 PM

Re: “Ikea Coming to Memphis

Charlie, there would have to be $100 million addition sales annually for the city to rake in $2 million new revenue. There isn't any new money, and Memphis is surrounded by shocking poverty for a hundred plus miles in every direction. Ikea will draw some new revenue from visitors to the city, but not $100 million. Most of their sales will be harvested from existing retailers, for a small net gain for the city. Basically, it's another mouth to feed.

What Ikea does is provide another draw for the city. Nobody is going to move here because there's an Ikea, but fewer people will choose not to move here because there isn't an Ikea.

I'll be surprised if Ikea actually locates within the city limits.

1 like, 2 dislikes
Posted by Jeff on 12/16/2014 at 4:31 PM

Re: “Death by a Thousand Cuts

Cool it Bruce,
The rest of us enjoy ignoring CHG any chance we get.

Posted by CL Mullins on 12/16/2014 at 2:46 PM

Re: “UPDATE: More Details Emerge on $64M Ikea Memphis

The flyer should cover the fact that Nashville is about to bust a gut over IKEA opening in Memphis and not Nashville. It's really rather amusing.

10 likes, 4 dislikes
Posted by BP on 12/16/2014 at 2:42 PM

Re: “Death by a Thousand Cuts

CHG, if you start repeating all your verbiage "in case it was not read," that's all you'll be doing all day.

4 likes, 1 dislike
Posted by BruceVanWyngarden on 12/16/2014 at 1:15 PM

Re: “UPDATE: More Details Emerge on $64M Ikea Memphis

It's a big city store. Thats why this is so important.

8 likes, 2 dislikes
Posted by BP on 12/16/2014 at 1:01 PM

Re: “Death by a Thousand Cuts

This is repeated here due to the same topic mentioned earlier. In case my first argument was not read.

This article also applies to the Tennessee State Constitution, whereas, healthcare is not a function of the Federal and State Governments. None of you seem to realize what the U.S. Constitution has to say about it. In Art.1, Sec.8, under the category of General Welfare, we have a list of particular functions of the Federal Government, i.e. post office, roads, coin money, military and court systems and a few other duties. If it isn't mentioned there, then it is a jurisdiction of 'We the People' according to the Tenth Amendment. Health care nor any welfare program is listed there. The Conclusion is that health care is not the function of the Federal Government nor State Governments. This makes it theft of taxpayer funds for the Federal Government/State Governments to have jurisdiction over this area, and a violation against one's oath of office to uphold the tenets of the U.S. and State Constitution. There is no easy answer to this dilemma of the high cost of health care. It originates with medical device companies charging exorbitant rates, medical implants and suppliers charging a lot and high salaries due to malpractice insurance. Tons of government red-tape also cause the high cost. The best solution is the '3-C' system: C is for 'cash' for minor care, i.e. flu's, shots, etc. C is also for 'catastrophic insurance' for major surgeries or malignant diseases with high deductibles, and lastly, C is for 'charity, i.e. churches, families, charities in general.

1 like, 1 dislike
Posted by CHG on 12/16/2014 at 12:25 PM

Re: “Dividing by Zero

Where does the Tennessee and Federal U.S. Constitutions allow our tax dollars to go to amusement parks and singers' estates? Given that; it is a form of theft.

1 like, 0 dislikes
Posted by CHG on 12/16/2014 at 12:20 PM

Re: “Haslam Announces "Insure Tennessee" Plan for Medicaid Expansion

@CHG

Give it rest.

The Constitution means exactly what the Courts determine it to mean, not what you interpret it to mean.

If you want to get elected or appointed to a judgeship, by all means do so and we can all isten to your views on the Constitution.

But right now, you are pissing into the wind with those arguments.

6 likes, 0 dislikes
Posted by ArlingtonPop on 12/16/2014 at 12:17 PM

Re: “Haslam Announces "Insure Tennessee" Plan for Medicaid Expansion

This article also applies to the Tennessee State Constitution, whereas, healthcare is not a function of the Federal and State Governments. None of you seem to realize what the U.S. Constitution has to say about it. In Art.1, Sec.8, under the category of General Welfare, we have a list of particular functions of the Federal Government, i.e. post office, roads, coin money, military and court systems and a few other duties. If it isn't mentioned there, then it is a jurisdiction of 'We the People' according to the Tenth Amendment. Health care nor any welfare program is listed there. The Conclusion is that health care is not the function of the Federal Government nor State Governments. This makes it theft of taxpayer funds for the Federal Government/State Governments to have jurisdiction over this area, and a violation against one's oath of office to uphold the tenets of the U.S. and State Constitution. There is no easy answer to this dilemma of the high cost of health care. It originates with medical device companies charging exorbitant rates, medical implants and suppliers charging a lot and high salaries due to malpractice insurance. Tons of government red-tape also cause the high cost. The best solution is the '3-C' system: C is for 'cash' for minor care, i.e. flu's, shots, etc. C is also for 'catastrophic insurance' for major surgeries or malignant diseases with high deductibles, and lastly, C is for 'charity, i.e. churches, families, charities in general.

0 likes, 3 dislikes
Posted by CHG on 12/16/2014 at 12:12 PM

Re: “Ikea Coming to Memphis

A typical IKEA generates $100 million dollars in sales annually. Based on the square footage being reported, this IKEA will be just around the average size store for them. So Memphis is looking at $2 million in sales tax revenue.

Memphis normally collects $100 million in sales revenue for it's total tax revenue of $626.5 million. Yeah, I can see why the Mayor is happy about this.

17 likes, 2 dislikes
Posted by Charlie Eppes on 12/16/2014 at 12:00 PM

Re: “Ikea Coming to Memphis

Based on the way the media and the mayor’s office have reacted, I thought the second coming of Elvis was at hand. IKEA is great, but since when does a mayor have a press conference to announce the opening of a furniture retailer?

5 likes, 4 dislikes
Posted by barf on 12/16/2014 at 10:53 AM

Re: “Ikea Coming to Memphis

And all across the city, thousands of Memphians are heading home to change their shorts.

5 likes, 0 dislikes
Posted by Jeff on 12/16/2014 at 10:41 AM

Re: “Haslam Announces "Insure Tennessee" Plan for Medicaid Expansion

The key phraseology here is that if the federal government cuts any funding, the program immediately terminates.

Remember, Tennessee had to slash TennCare due to costs or it was going to bankrupt the state. TennCare was a bloated, fiscal disaster. Democrat Gov. Phil Bredesen made those cuts. It doesn't seem that Cohen remembers that?

I think this is a positive development, given that it's cost-neutral for Tennessee.

2 likes, 1 dislike
Posted by bjc123 on 12/16/2014 at 10:40 AM

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