Unfortunately the flight school no longer operates out of OLV per
airport personel, so traffic has been reduced substantially!

The owner screwed up the business royally. But, the lease for the
building was taken over by the smaller flight school next door.
However, they did not aquire the leasebacks for the newer Cessna
Aircraft, or the complex aircraft. Downtown Aviation at the Dewitt
Spain Airport just north of Memphis' downtown area got those, along
with a large number of the instructors (including moi) and students.

So, there is indeed still a flight school at Olive Branch, but it's
operating at a far reduced capability than it had 3 or 4 years ago.
The new owners have big plans, but so far their execution has been
poor, IMO.