Mid-South business headlines: Following FedEx’s money; Boyle Investment Co. looks to buy four East Memphis office buildings

Memphis business headlines with MBJ's Jacob Steimer - Jan. 17, 2020

MEMPHIS, Tenn. (WMC) - We’re taking a look at some of this week’s biggest business headlines impacting the Mid-South with Jacob Steimer, reporter for the Memphis Business Journal.

This week’s cover story highlights FedEx. MBJ is taking a look at what’s been spent on construction for the $1.5 billion hub plan, and who’s getting paid.

UPS is expanding its operation right in the backyard of shipping rival FedEx. And Memphis leaders approved a big tax break to make it happen to the tune of a $38 million PILOT for UPS. UPS was granted the tax break in exchange for building a $216 million expansion. The question at hand is why is Memphis giving a tax break to FedEx’s largest competitor?

MBJ’s exclusive this week involves Boyle Investment Company, which is in advanced negotiations to buy four East Memphis office buildings from Highwoods Properties.

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