New ‘Green Bank’ hopes to make Memphis more climate resilient
“We see green banks as a critical player in creating lasting change,” the U.S. Department of Energy’s Yasmin Yacoby said Tuesday.
Reporter
Samuel Hardiman is a reporter who focuses on government and politics. He began his career at the Tulsa World where he covered business and K-12 education. Hardiman came to Memphis in 2018 to join the Memphis Business Journal, covering government and economic development. He then served as the Commercial Appeal’s city hall reporter and later joined The Daily Memphian in 2023. His current work focuses on xAI, energy needs and how local governments spend money.
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“We see green banks as a critical player in creating lasting change,” the U.S. Department of Energy’s Yasmin Yacoby said Tuesday.
A person familiar with the company’s thinking has said xAI plans on being fully interruptible, meaning it will cut its electric load down to nothing if the TVA grid is stressed.
The district’s growth is intended to pay off the Memphis Sports and Event Center’s $100 million debt.
Musk has said he wants xAI to be the most “truth-seeking” artificial intelligence, its training not swayed by ideology. At present, its training appears to not be swayed by anyone, including Musk.
What people don’t see is the blood on the floor. Bag after bag that’s used to save lives. They don’t see the doctors and nurses with soaked scrubs. They don’t see the gore left for janitors to clean up.
The sales-tax growth captured Downtown showed city taxpayers will not bail out Bass Pro Shops at The Pyramid, the Renasant Convention Center and other Downtown projects for the first time since the COVID-19 pandemic.
The newly confirmed board voted unanimously to suspend the cuts the previous board had approved on Sept. 24.
The Young administration recently decided to pay $30 million to save the Downtown Memphis Sheraton from the auction block. The MATA overhaul could be just as expensive and resonate over just as long of a time period.
The Memphis City Council is also taking a look at the new building code that requires some schools buildings to have storm shelters to see if there are less expensive ways to meet the standard.
Mayor Paul Young says the board will not replace MATA leadership at least for now. Council members also expect Tuesday to consider a Frayser landfill expansion that was rejected seven years ago.
Transpro’s draft report said ridership has declined 82% since 1991, the system needs 18 more buses to function properly and its current capital project plans are “financially unsustainable.”
TVA has about 500 large power users that participate in its demand response system, but it won’t say how much energy they cut when they’re asked. It also won’t say who those 500 users are.
Memphis Mayor Paul Young said the city wanted to find a creative way to redevelop the hotel in an interview Monday, Sept. 23.
A person familiar with the matter said the land would be used for future development for xAI and allow the company to build on its ongoing momentum in Memphis.Related content:
The much-talked-about Southwest Memphis greywater facility, which could save billions of gallons of freshwater a year, is a few steps closer to reality.
The City Council toured the aging hotel to see dilapidated rooms that the current owners wouldn’t pay to fix.
MLGW is ready for heavy rain but isn’t expecting winds as strong as those associated with Hurricane Francine.
Chase Carlisle said the council could use its rarely used subpoena power to seek financial records from MATA in the coming weeks.
Memphis Mayor Paul Young said he felt “very compelled” to purchase Downtown’s Sheraton because of the financial risks associated with not buying it. Related content:
Planned improvements at AutoZone Park will help the Memphis Redbirds meet Major League Baseball’s Professional Development Leagues standards.
The City of Memphis has not yet transferred Simmons Bank Liberty Stadium to the University of Memphis.Related content:
The City of Memphis and the Grizzlies are eyeing widespread security enhancements and changes Downtown.
The City of Memphis is readying $16 million in bonds to subsidize a two-part project that includes parking at 100 N. Main and renovations at AutoZone Park Downtown.
The mayor’s comments about governance come after MATA has laid off employees, is weighing route closures, and has faced weeks of headlines about its negative financial worth.
On “Behind the Headlines,” Memphis City Council Chairman JB Smiley Jr. said the body would likely sue if the Tennessee Legislature attempted to withhold sales-tax revenue from the city.