Madewell Move

Has anyone seen this man?  He was last seen signing away the city's stake in the biggest tourist attraction in the state. This wasn't the bonehead move people think. He was one of John Elkington's earliest big investors at a time when the returns weren't so sure, Sounds like some insider trading before Martha Stewart made it famous. Do you know the man pictured here? I thought not. Meet  Wallace  Madewell, the former Memphis CAO. He held the office between the resignation of  Wyeth Chandler and election of Dick Hackett after J.O. Patterson served as interim.  Most Memphis citizens don't even know who he is. Even though he put the city on the hook with the swipe of a pen for fifty-two years. 

That's why this upcoming election is so important. You can bet there is a Wallace Madewell and John Elkington somewhere in the shadows. Planning or putting a scheme together to take this city off. This city has a billion dollar a year budget . With all these watchdogs combing the books of the city. You can best believe they're burning the midnight oil.  If by chance we end up wiith Edmund Ford Sr. for mayor. Look out for another Madewell move,.

http://www.commercialappeal.com/news/2007/dec/09/blues-on-beale/