News from Tennessee
From places in Tennessee
Rising diesel prices impact farmers’ profits and food prices in Memphis area
Diesel price records are impacting the cost of goods transported by truck, train, and plane. Farmers across the Mid-South are struggling with profit margins due to high diesel and fertilizer costs. These rising expenses are expected to lead to increased retail and restaurant costs for consumers.
Tennesseans May Be Eligible for Compensation From Drug Settlement
Tennessee residents who bought certain generic prescription drugs between 2009 and 2019 might qualify for compensation. The funds stem from settlements with drug manufacturers accused of conspiring to raise prices. Consumers are advised to check if they meet the criteria for restitution payment.
New Fuel Economy Standards Could Mean More Pollution for Memphis Drivers
The Trump administration announced new fuel economy standards for gas-powered cars and light trucks. Environmental attorneys warn that less efficient vehicles could lead to more pollution and higher costs at the pump. The rule lowers the target significantly, sparking concerns about air quality impacts in communities.
Pizza battle heats up in Middle Tennessee over alleged use of trade secrets
Sir Pizza filed a temporary restraining order against former franchise owner Hany Qulada for operating King Pizza. Sir Pizza claims Qulada is using menu items and branding similar to those from the terminated Hermitage location. The suit alleges an intent to avoid royalties while capitalizing on gained goodwill.
TVA Gets Federal Permit for Advanced Small Nuclear Reactor Near Oak Ridge
The Tennessee Valley Authority received federal approval to build a BWRX-300 reactor at the Clinch River Nuclear Site near Oak Ridge. This makes TVA the first U.S. utility permitted to construct this advanced design. The permit is part of Tennessee's expanding role in nuclear energy development.
Retailer Purchases Former IKEA Building in Memphis
An unnamed retailer has purchased the former IKEA building located in Cordova. The global home furnishings brand closed its 271,150-square-foot store in May 2026, marking its only Tennessee location closure.
Belmont Grill Building Owner Purchases Neighboring Poplar Avenue Property
The new owner of the Belmont Grill building purchased the property next door, which houses Miestro, a home theater systems store. Jeff Dawson, operating as Nacks Properties LLC, bought the 4,320-square-foot building at 4966 Poplar Ave for $750,000.
Shelby County Assessor Warns of Shrinking Tax Base
Shelby County Assessor Javier Bailey warned that the county's tax base is shrinking, potentially impacting residents. He noted that while government costs are rising due to expensive projects, revenue loss from areas like commercial properties and hotel stays is concerning.
Assessor Sounds Alarm on County Tax Base Amid Downtown Vacancy
Shelby County Assessor of Property Javier Bailey Sr. released a "State of the County Tax Base" report, noting that downtown office vacancy is at 16.7%. Bailey wants city, county, and business leaders to collaborate on solutions before government costs impact homeowners. He plans to organize a summit in November to find answers.
Zillow Analysis Shows New Memphis Homebuyers Pay $700 More Monthly Than Renters
A Zillow analysis indicates that new homebuyers in Memphis will pay approximately $700 more monthly than the average renter. The observed rent index is $1,400, while the average monthly payment for new buyers exceeds $2,100. This highlights a growing affordability divide.
Summarized from public news sources, not original Juncture reporting. Open the linked sources for the full story.
Places in Tennessee
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