For what it's worth, I like The Memphian.
Let me go on the record in saying that I think the C and I bank building should be a Starbucks or a Chick Fil-A (or dare I say it...both). There's an alley behind it that would work for a drive through.
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Actually, looking at the rendering below from when the Regional Chamber was looking at the space, and given its proximity to the Downtown School and the Law School, it might make a nice branch library to replace the Cossitt.
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