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VOL. 71, No. 40
October 6 - 12, 2022
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Memphis gains eye of minorityowned investor by Erica R. Williams
Special to The New Tri-State Defender
The Memphis Grizzlies get it on during their pre-game huddle before the team’s first pre-season game. (Photos: Warren Roseborough/The New Tri-State Defender)
For the Grizzlies, getting ready for the season is a work in progress
by Terry Davis
Financial investment momentum is building in Memphis as more developers look to plant their flags in the Bluff City. One minority-owned equity firm is joining the anticipated progression, with plans to invest hundreds of millions in the city they consider a ‘diamond in the rough.’ FTP Investments, a Washington-DC-based firm, is looking to engage with local developers by providing capital to some of the city’s major projects. FTF collaborates with developers to provide funding for infrastructure components of their projects – plumbing, lighting, HVAC – things every project needs to operate effectively. The firm and a partnering agency ThinkBox Group currently support large-scale projects across the country, including New York, Atlanta, Detroit, Washington, D.C., and other locations. But now their sights are set on Memphis. “We look at ourselves as a boutique firm, and so we asked where are the smaller cities that get looked over – that are gems? And we believe Memphis is a diamond in the rough city,” said Tarik A. Floyd, FTF’s CEO and principal. “Since coming to Memphis to learn more about the area and get a lay of the land, I’ve fallen in love.”
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Special to The New Tri-State Defender
Memphis school board delays start of superintendent search
The Memphis Grizzlies hosted their first preseason game against the Orlando Magic and while there have been changes, Memphis looked a lot like the team that finished last season. Nine players did not play in the preseason opener on Saturday against the Milwaukee Bucks, which the Grizzlies won 107-102. Memphis kept their winning ways going by controlling the Magic in a 109-97 win. Terry Familiar faces – Davis Ja Morant, Dillon Brooks, Desmond Bane, Steven Adams and Brandon Clarke – all played against the Magic. Morant (22 points) and Santi Aldama (21) led the team in scoring. Aldama, who has faced health challenges since joining the organization, came into the season totally healthy, even adding some weight for effectiveness. He has been given the first opportunity to fill the void as Jaren Jackson Jr. recovers from an injury. It’s the preseason, but for the record, the win over the Magic was triggered by the Grizzlies defense and their bench play. The Grizzlies had 23 steals. The reserves had 42 points and showed some flashes of the bench play from last season. The Grizzlies took the early lead and never looked back. And, with 5:18 left in
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by Samantha West Chalkbeat Tennessee
With his dad watching, Ja Morant of the Grizzlies shoots a three-pointer and is fouled by Jalan Suggs of Orlando.
The Memphis-Shelby County Schools board has delayed the start of its search for a new superintendent to replace Dr. Joris Ray, so that its newest members can get up to speed on the process. The board initially planned to discuss the search during its monthly committee meetings Tuesday. But newly appointed board Chair Althea Greene said she decided to push the conversation off for several weeks. During that time, Greene said, she will meet with each new member to share a proposed timeline and “ensure all the necessary information is shared with them before it’s shared with the public.” After that, Greene said the board will launch the bidding process for search firms. Althea The board has two new Greene members who were elected in August: Keith Williams, representing District 6, and Amber Huett-Garcia, District 8. Another member will join later this month to replace Miska Clay Bibbs, who was elected to the Shelby County Commission in August. Clay Bibbs had represented District
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