The census schedules are arranged by state or territory and then by county. All 48 states are included, plus the territories of Alaska and Hawaii, as well as the District of Columbia and U. Unique content added to this census is whether or not the household owned a radio.
But because Boyle has helped build a new down town in East Memphis, its impact on Memphis is far more substantial than its bottom line. Boyle began building this acre city on the edge of the city in — including the story Omni Hotel formerly the Hyatt Regency , restaurants, condos, office buildings and The Regalia shopping center now under construction.
A plush, story office tower that Boyle plans to build near Poplar and Shady Grove, at the eastern perimeter of Ridgeway, may pull more office tenants from downtown. These projects are among the most visible in Memphis, but little is public about the Boyles and their company. Financial statements are closely guarded. Wealth is held in family trusts. Family members and key executives shun publicity, although occasional controversies and lawsuits pry open the shell a bit.
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For the next 54 years, he earned the company a reputation for conservative business deals, impeccably neat properties, steady growth and rock-ribbed Republican politics. These days he spends most of his time in Florida or Michigan, or in Georgia at the exclusive Augusta National Golf Club, where he is a member.
Bayard Boyle, Jr. His desk top is bare except for a single notebook. His pastimes are hunting and fishing at private clubs in Arkansas and the Mississippi Delta.
He has taken an interest in issues such as international family planning. The Boyles own property along the proposed path. Sixty miles away, in Bolivar, Tenn. Boyle has one primary subsidiary, Mid-America Construction Co. The company also has commercial lending and an insurance division. Company executives will not release current financial figures. Other sources, however, provide some further insight into. Public records show that Boyle Investment Co. Those appraisals, however, are more than a decade old and reflect only a fraction of their current market value.
Boyle has developed 27 subdivisions, beginning in the s. River Oaks, a subdivision Boyle began in , is the most expensive residential area of Memphis. The company also has developed 16 shopping centers, 2, apartments, and a long list of offices, stores, warehouses and other industrial buildings that it leases.
Boyle has shared the risk on major projects with partners such as home builder Lloyd Lovitt. Under a partnership known as The Farmington Group, the two developed Farmington Country Club and residential lots around it. They also are partners in Buckingham Farms, a acre project of homes and shopping south of Southwind Country Club in the area where a development moratorium has been discussed. The company has long-established links with local and national lenders. Bayard Boyle, Sr. This prosperous family business was built on farsighted purchases of real estate at bargain prices.
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It has steadily grown into a regional developer with properties as far away as Illinois and Florida, though the bulk of its holdings remain in and around Memphis. Along with the advantage of its own bank of land, the company has the financial wherewithal to hold on to property until it is ready to develop or commands big sale prices. Sharp manufacturing Co. The acre site where Kellogg Co.
A vintage Boyle business deal is Riveredge, the expensive residential and commercial development taking shape on 1, acres near Walnut Grove Road and Bazemore in Cordova. Public records show that Boyle began assembling the property in when Cordova was a remote rural area. Boyle enrolled a portion of the Riveredge property under a farm program that shields the land from much of its property taxes.
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But the program also has often been used by real-estate developers to minimize holding costs. County officials tried to have another Boyle tract at Whitten and Interstate 40 removed from Greenbelt, claiming it was an abuse of the program. But lawyer David Scruggs successfully argued that the property was being held for farm use, as required, despite the signs advertising it for development.
The value of both tracts has been driven up by suburban growth. Overall, as Memphis has moved east, often it has moved onto land Boyle owns.
Because the company has been so closely held, there is a common misconception that the family is synonymous with the company. However, a Boyle has always run the company. And more often than not, Boyles have married other important people. Bayard Boyle Sr.
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One of their daughters, Imogene Snowden Boyle, is married to Henry Morgan, 45, the president of the company. Morgan, who once had a summer job cleaning out basement files for Boyle Insurance Agency, is the younger brother of Morgan Keegan founder Allen Morgan Jr. However, her marriage to former Memphis businessman Thomas Roberts provides a strong link to the Republican Party.