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Re: “Proposal to Use Alabama Plant for Power Raises Concern

Fastest way to kill the deal would be to agree to Nuclear Development's offer in principal with a very strict and binding cap on MLGW's financial investment coupled with a non-alterable set ownership/stake %. If the reduced production rate is legally locked in place and if Nuc Dev is forced to assume all exposure to cover the inevitable cost overruns, the proposal would be as good as dead.

0 likes, 1 dislike
Posted by barfolomew on 10/17/2018 at 11:59 AM

Re: “Purple Haze Closes Indefinitely

Got to love the numerous swipes they took at downtown and the city in general. The owners are obviously lashing out over their own inabilities and failures. Pathetic. Good riddance to bad rubish.

6 likes, 0 dislikes
Posted by barfolomew on 09/17/2018 at 9:14 AM

Re: “Memphis Airport Modernization Kicks Off Tomorrow

"...aren't including the southwest hall of B in this update"? I was under the impression that the entirety of Concourse B is being renovated, not just the area supporting the 23 gates mentioned in the article. I believe the "15 more gates" is a reference to the additional gates that would be gained should the International Arrival ("southwest") wing of Concourse B become more fully utilized.

While it is important to take rising construction costs into account, it is equally if not more important to take utilization and the resulting ability to fund bond payments into account as well.
Using 2015 as the starting point, MEM has seen enplanements grow by an average of 93,460 per year. I have to believe that the 3 million enplanements number was not pulled from thin air, but is being driven by data that describes at what point market saturation is likely to occur. If so, we are likely to see enplanement growth slow before approaching the 3 million threshold. This is supported by Fitch Ratings who just last month noted that the current local/regional market can support a stable enplanement base of around 2.2 million.

Even if our local economy were to suddenly (unexpectedly) accelerate enough to continue to drive a rate of growth similar to that experienced at MEM over the last 3 years, it would still be more than 9 years (7 years post completion of the current renovation) before any of the additional 15 gates would be utilized. That's a long time for an asset to just sit there gathering dust.

2 likes, 0 dislikes
Posted by barfolomew on 09/12/2018 at 4:48 PM

Re: “Early Morning Shooting Comes After Club Allowed to Extend Hours

They had their chance. Time to shut it down.

5 likes, 0 dislikes
Posted by barfolomew on 09/10/2018 at 11:49 AM

Re: “City Council Looks to Implement Transportation Utility Fee

I agree with the sentiment, but to be fair, we need to factor in the funds provided by those beyond the municipal limits generated via sales and property taxes.

3 likes, 0 dislikes
Posted by barfolomew on 09/04/2018 at 3:46 PM

Re: “City Council Looks to Implement Transportation Utility Fee

RE: trips generated, hopefully the formal proposed ordinance will address the issue in greater detail. Will it somehow factor in household size and occupant age(s)? Will it consider the distance between home and typical daily destinations (such as place of work) for the household? Will it take into account neighborhood walkability? Will proximity to and frequency of nearby transit be a variable?

Posted by barfolomew on 09/04/2018 at 12:37 PM

Re: “Convention Center Hotel Planned for Plaza East of City Hall

Why thank you- Ive been a guest at several of their properties and I am generally neutral regarding the brand.
However, Lowes is not the developer of the overall project, although they will play a role in developing the hotel component. As you noted, Lowes is in the business of building and managing hotels. They are not in the business of building and managing office space. While Lowes portfolio does include locations with associated luxury apartment rental components, Lowes has (to date) not developed the apartments in these locations, but have occupied space within the vertically mixed use buildings.

Your focus should be on Townhouse Management Company which presumably would be responsible for developing these other "holy" components or would find other parties to do so. Perhaps better informed than you assumed.

7 likes, 3 dislikes
Posted by barfolomew on 08/16/2018 at 4:24 PM

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