Latest news with #PaulYoung
Washington Post
16 hours ago
- Business
- Washington Post
A city's dream deal promised jobs, money. Then residents learned it was with Elon Musk.
MEMPHIS — For decades, this storied American city has watched companies come but mostly go, its vacant storefronts and blighted buildings a reminder of its days as a thriving manufacturing hub and the painful decline that followed as those jobs vanished. As Paul Young, the city's mayor, puts it, Memphis has been 'the city people forgot about.'
Yahoo
4 days ago
- General
- Yahoo
Clayborn Temple will be rebuilt, director says; New $1.5 million grant to jump start it
Clayborn Temple will be rebuilt. That was the message on May 28 as hundreds of people — civil rights leaders, Memphis officials, nonprofit directors, tourists and residents — stood before the skeleton of Clayborn Temple. Significant parts of the church burned down in a fire in the early morning of April 28. "For me, this is personal," Memphis Mayor Paul Young said. "I love Memphis to the bottom, like to my core. I love this city. This structure embolizes who we are as a community. And it's really, really, really important that we make sure that we come together and make sure that we turn this into a showcase — a space where a tragedy occurred, but we rise from that tragedy greater than we were before." The sentiment was echoed by Memphis City Council Chairman Ford Canale. It was one echoed by U.S. Rep. Steve Cohen. It was one echoed by Martin Luther King III, the son of the famed civil rights leader Dr. Martin Luther King, Jr., who was killed in Memphis in 1968. "I can't wait to be back when this masterpiece is done, erected and dedicated once again to stand as a shining light — a shining example — a place of love, a place of bringing people together," King said Wednesday after noting how much of "a daunting task" returning to the city his father was assassinated in can be. And rebuilding Clayborn Temple was the entire message delivered by Brent Leggs — the executive director of the African American Cultural Heritage Action Fund — who put action to the tune of a $1.5 million grant behind his words. The grant is backed by the Ford Foundation and the Mellon Foundation. Design work has already begun for the rebuild, according to Anasa Troutman, the executive director for Clayborn Temple and The BIG We. Though an exact path is not yet clear, she said the new design will incorporate parts of the temple that are left standing. But, aside from that, she said she sees the "possibility" in rebuilding. "Today, collectively as a community, we are turning toward the future. We are going to put away our grief for a few minutes. We might cry tomorrow. We might cry next week. But today, while we're together, we are going to rejoice in the beauty and the power and the possibility of what remains behind us. Clayborn Temple has been damaged, but it has not been destroyed," Troutman told the crowd. After speaking, Troutman told The Commercial Appeal that, despite the process "starting from scratch" in terms of the design plans, they are not "starting from zero" in terms of funding. She said funds gathered from the organization's initial push to reconstruct Clayborn Temple are able to be used for the new rebuild. There is not yet a timeline for the rebuild, but people who wish to donate to fund the new project can do so online at or by emailing rebuild@ Much of Clayborn Temple burned to the ground on April 28. The Memphis Fire Fighters Association, in a post on X, formerly Twitter, said the call came early in the morning, and that firefighters were able to get much of the fire put out within an hour of arriving on the scene. Though much of the fire was put out within that timeframe, crews could be seen suppressing the fire around 7 a.m. that day. The building was left a husk of its former self. On May 1, parts of the remaining church collapsed from strong winds and severe storm conditions. A joint investigation between the Memphis Fire Department and the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives was opened on April 28. The investigation saw many surrounding streets closed. Some of those streets have remained closed since the investigation was closed on May 21. Investigators concluded the fire was "intentionally set on the interior of the historic church." It also revealed a person of interest. The Memphis Fire Department included pictures of the person, shown walking the streets near Clayborn Temple, in a social media post. An $11,000 reward is being offered by CrimeStoppers for any information that leads to an arrest. Tips can be called in to CrimeStoppers at (901) 528-2274 or the state arson hotline at 1-800-762-3017. Troutman hosted a digital press conference the day after the fire was ruled intentional. During that press conference, she said a fire had happened at her home more than two weeks prior to the Clayborn Temple fire. Another one happened near a family property in East Tennessee, a week before that. "I have spent a lot of time trying to convince myself that this is all a crazy coincidence, but it's just hard to imagine that there's not something there," Troutman said, adding that it was too early to say if the incidents were targeted. Lucas Finton covers crime, policing, jails, the courts and criminal justice policy for The Commercial Appeal. He can be reached by phone or email: (901)208-3922 and and followed on X @LucasFinton. This article originally appeared on Memphis Commercial Appeal: Clayborn Temple's post-arson rebuild starts with $1.5 million grant
Yahoo
23-05-2025
- Yahoo
Memphis mayor: ‘The era of unchecked violence in our city is over'
MEMPHIS, Tenn. — Mayor Paul Young and Police Chief C. J. Davis touted results of recent crime-fighting operations in Memphis on Wednesday. 'The era of unchecked violence in our city is over,' Young said in a news conference focused on arrests made in the city's Rolling Thunder operation. City officials said Operation Rolling Thunder, which ran from April 23 to May 10, resulted in: Over 160 arrests, including 50 known gang members 15 illegal firearms seized, including a Glock switch and extended magazines Seizures of fentanyl and other dangerous narcotics 10 individuals indicted on federal charges, including six gang members A significant decrease in gang-related crimes during the operation's active period 'We don't plan on stopping here. This is just the beginning,' Chief Davis said. Young said the city began seeing a sharp increase in crime and homicides that resulted in 398 homicides in 2023. However, those numbers are down this year. 'We have a crime problem in our community. But I also want everyone to know that the ship is turning, and it's a very big ship,' Young said. Memphis Murder Map 2025 The news conference comes a few days after FBI Director Kash Patel told a Fox News host that Memphis was the 'homicide capital of the U.S.A,' and his agency would be sending additional resources to the city. It also comes on the same day that the Department of Justice announced it has closed its 'Biden-era' investigation into the Memphis Police Department and retracted its findings of constitutional violations. WREG tracked previously covered cases and found that at least 15 apprehended accused gang members have been charged with violent crimes once. In 2021, Tremayne Scales was 15 years old at the time. He was arrested after 16-year-old Emmit Beasley was killed during a funeral procession in north Memphis. Online records show Scales' charges were later dismissed, but the reason is unknown. Recently, two cousins, Martavious Jenkins and La' Cameron Jenkins, were arrested in a deadly domestic violence shooting in Cleoford last month. Young addressed the DOJ's decision at the news conference, saying, 'It really reaffirms the approach that we have embarked upon. It really doesn't change anything as far as our commitment to integrity in policing.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Insider
22-05-2025
- Business
- Business Insider
Goldman Sachs Remains a Sell on New Hope Corporation Limited (NHPEF)
Goldman Sachs analyst Paul Young maintained a Sell rating on New Hope Corporation Limited (NHPEF – Research Report) on May 20 and set a price target of A$2.90. The company's shares closed yesterday at $2.41. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Young is a 4-star analyst with an average return of 6.9% and a 57.27% success rate. Young covers the Basic Materials sector, focusing on stocks such as Lynas Rare Earths , BHP Group Ltd, and Iluka Resources Limited. The word on The Street in general, suggests a Hold analyst consensus rating for New Hope Corporation Limited with a $2.58 average price target. NHPEF market cap is currently $1.98B and has a P/E ratio of 5.34.
Yahoo
19-05-2025
- General
- Yahoo
Old Somerset Apartments set for demolition
A blighted property in Oakhaven is getting a new future. The city of Memphis, just announced the demolition of the long-vacant Somerset Apartments, located at 3427 Winchester Road. The demolition will take place this Wednesday and it's part of Mayor Paul Young's 'Blight Zero Initiative' which seeks to restore neglected properties by creating sustainable housing solutions across Memphis neighborhoods. 'This demolition isn't just about clearing away what's been left behind — it's about making space for something better,' said Memphis Mayor Paul Young, 'We see hope on this site, and we're committed to elevating its use to uplift the Oakhaven community. I want to thank David Blatt and CapStack Partners for helping us take this critical first step toward renewal.' The Somerset Apartments were uninhabitable for more than a decade before being donated to the city. The 30-acre property, which includes multiple vacant and deteriorated structures, will now serve as a key redevelopment site in the Oakhaven neighborhood. The demolition ceremony will take place on Wednesday, May 21 at 9:00 a.m. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
