Thursday, May 29, 2025

Good Morning! On this day in 1997, musician Jeff Buckley—best known for his haunting rendition of Leonard Cohen’s Hallelujah—tragically drowned in the Mississippi River near Memphis at age 30.

Ready to give newcomers a warm Tennessee welcome? Tennessee ranks among the top destinations for relocating Americans, thanks to its rich musical heritage, vibrant culture, and natural wonders. See more details in the story below.

Today’s sponsor is Pacaso, offering an investment opportunity in the real estate industry.

Don’t feel like reading the national edition of The Flyover? Tune in to The Flyover Podcast! New episodes drop daily—watch on YouTube or listen on Spotify and Apple Podcasts, all in under 15 minutes.

Foster Youth Still Sleeping in DCS Offices

Despite past assurances, children in the custody of Tennessee’s Department of Children’s Services (DCS) are still spending nights in state offices, according to photos obtained by WTVF.

The issue persists two years after DCS claimed it ended the practice by opening transitional homes, now the subject of a federal lawsuit alleging unsafe and prolonged placements.

DCS says a rise in children with severe behavioral and medical needs has outpaced available housing.

Critics, including former guardians ad litem, say court oversight may be the only effective pressure, pointing to past federal intervention that ended in 2019.

Tennesseans Open to ‘Made in USA’ Surge

Tennessee residents appear to back the growing national push for American-made products, according to a new study.

The state scored 69 out of 100 for interest—comfortably mid-pack—with Nashville and Rutherford County showing consistent search activity around “Made in USA” goods.

The renewed attention comes amid federal tariff changes and rising awareness of the impact of domestic manufacturing.

Tennessee a Top Three Pick for Movers

Tennessee ranks second among the most searched states for relocation in early 2025, according to a new U.S. News & World Report study.

Lower living costs, mild weather, and no state income tax are drawing Americans to the Volunteer State, alongside its music legacy and outdoor attractions like the Smokies.

Three Tennessee cities—Knoxville, Franklin, and Chattanooga—cracked the top 20 most searched U.S. destinations, with Knoxville leading at No. 11.

The South dominated the list, reflecting a broader migration trend toward affordability and quality of life. See the full report here.

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He’s Already IPO’d Once – This Time’s Different

Spencer Rascoff co-founded Zillow, scaling it into a $16B real estate giant. But everyday investors couldn’t invest until after the IPO, missing early gains.

“I wish we had done a round accessible to retail investors prior to Zillow’s IPO,” Spencer later said.

Now, he’s doing just that. Spencer teamed up with fellow Zillow exec Austin Allison to launch Pacaso. Pacaso’s co-ownership marketplace is disrupting the $1.3T vacation home market. They’ve already surpassed $110M in gross profit and $1B in transactions.

They also recently reserved their Nasdaq ticker PCSO. But unlike Zillow, you can invest in Pacaso as a private company.

Become a Pacaso investor at $2.80/share before midnight PST tonight.

➤ Statewide: A new law will allow hunters to bait deer on private land with a $50 resident license, despite concerns over chronic wasting disease and opposition from landowners. (More)

➤ Nashville: The Southern Baptist Convention has appealed to the Tennessee Supreme Court in a defamation case filed by pastor Preston Garner, who says a church inquiry letter cost him multiple jobs after an abuse allegation. (See Details)

➤ Cocke County: Emergency crews rescued six people from the Pigeon River after their watercraft hit a tree and stranded them in the water. (See Photos)

➤ Hamilton County: The state is considering relocating Moccasin Bend Mental Health Institute to Eastdale, sparking debate over its impact on nearby neighborhoods and limited site options. (More)

➤ Morristown: NOAA weather radios in 33 East Tennessee counties will be offline through Friday for a system patch. The National Weather Service is urging residents to use alternate alert methods. (More)

➤ Sparta: Nine people were safely rescued Tuesday morning after rising water trapped them at the base of Twin Falls in Rock Island State Park, prompting a temporary dam shutdown. (See Photos)

➤ The Nashville Predators awarded a sports equipment grant to the 23rd Judicial District Recovery Court, helping families reunite and bond by playing outdoor sports. (More)

➤ University of Tennessee tennis alumni Adam Walton and Mark Wallner both picked up victories this week at the French Open. Walton played again early this morning against No.17 ranked Andrey Rublev. (More)

➤ Vanderbilt lacrosse’s Kemper Robinson was chosen by a host of collegiate coaches to participate in the 2025 Senior All-Star game this Saturday. (More)

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➤ Goldman Sachs says this phenomenon is creating 1,600 new millionaires daily—yet it’s flying under the radar. The analyst who foresaw Amazon and Qualcomm’s rise is now revealing his next big prediction, claiming this opportunity could surpass anything investors have seen before. (See It Here)

➤ Demolition began on Franklin’s historic city hall, clearing the way for a $107 million redevelopment featuring a three-story building, underground parking, and public green space. (See Photo)

➤ Nashville has collected $95 million in hotel tax revenue this fiscal year, with tourism officials projecting a record 17.3 million visitors in 2025, spending $11.4 billion locally. (More)

➤ The Tennessee Valley Authority plans to bring its new $1.8 billion natural gas facility online in 2027, replacing the 70-year-old Kingston Fossil Plant and boosting output by 200 megawatts. (More)

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The Stock Ticker Top Investors Are Holding

They may not be trading on the Nasdaq just yet, but Pacaso just reserved the ticker “$PCSO.” No wonder investors are excited to secure a stake now in Pacaso as a private company.

Founded by the man who took Zillow from seed to IPO, Pacaso brings co-ownership to the $1.3T vacation home industry. They’ve already generated $1B+ worth of luxury home transactions across 2,000+ buyers. Top firms like SoftBank and Maveron are already holding shares.

Now, after 41% gross profit growth last year, surpassing $110M+ total, Pacaso is ready for what’s next. Best of all? You don’t have to wait to join, but time is of the essence.

Until midnight PST, you can become a Pacaso investor for just $2.80/share. Buy Pacaso stock before tonight’s deadline.

This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company can change its share price by up to 20% without requalifying the offering with the SEC.

➤ A blind mother of five who lost her sight in 2020 has graduated with honors from Tennessee Tech, overcoming challenges to become an educator in blindness rehabilitation. (See Video)

➤ The 20th season premiere of America’s Got Talent featured a 70-year-old sword dancer from Knoxville, earning praise from judges—Simon Cowell said she made him “happy.” (More)

➤ The Carousel of Dreams, a handcrafted attraction 30 years in the making, opens Saturday at The Factory at Franklin. Nonprofit Circle of Giving, the carousel’s operator, will donate all proceeds to local charities. (See Carousel)

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