All Economy Content

Job fair held for veterans

URBANA — A Marine who fought a tour in a country that's riddle with gunfire now spends a lot of time behind bulletproof glass at a convenience store.


Property tax bills show mostly lower assessments, higher rates

URBANA — As usual, Champaign County's property tax bills will go out in the mail on May 1.

But not as usual, this year's bills reflect lower property assessments, due primarily to decreases in the value of residential property. The reduced assessments also triggered, for the most part, higher tax rates.


Montana Mike's closes in Urbana

URBANA — Montana Mike's Steakhouse in Urbana has closed after a nearly two-year run.

Co-owner Greg Schmidtknecht said the restaurant, at 1601 N. Cunningham Ave., served its last meal Sunday and its 46 employees were informed Monday morning of the closing.


Study shows how C-U stacks up with other Midwestern metro areas

CHAMPAIGN — The Champaign-Urbana metropolitan area stacks up well with selected Midwestern cities in terms of grocery and transportation costs, but not so well in terms of health care and utility costs, according to a comparative study.


Some in downtown Danville want to eliminate special tax

DANVILLE — Several downtown property owners have signed a petition that would eliminate a 30-year-old special tax that generates more than $50,000 a year, and makes up a significant portion of the revenues of Downtown Danville Inc., the organization that promotes the city's downtown.


Next up for Tuscola: Downtown projects

TUSCOLA — Next on the drawing board for Tuscola's economic development efforts is a planned revitalization of the downtown area.

"I want to see downtown become a destination place where you can spend an afternoon, shop, grab something to eat and find a number of things to do in a casual atmosphere," said Brian Moody, executive director of Tuscola Economic Development Inc.


Solo Cup plant looking forward to planned merger with Dart

CHAMPAIGN — Local economic development officials say it's "business as usual" at Urbana's Solo Cup plant following the recent announcement that Dart Container plans to acquire Solo.

Representatives of the Champaign County Economic Development Corp. met with local Solo officials on April 5, two weeks after the planned merger was announced.


Home sales surge 19% in March; prices stable

CHAMPAIGN — March home sales were strong in Champaign County, compared with the same month a year ago.

But home prices haven't increased substantially, according to statistics from the Champaign County Association of Realtors' Multiple Listing Service.

The association said 174 single-family homes were sold in March, up from 146 a year earlier — an increase of 19 percent.


Changes to site plans push Kohl's opening back to 2013

DANVILLE — Despite the good weather, construction has not yet resumed this year at the Kohl's site on North Vermilion, because of changes in the site plan, according to Mayor Scott Eisenhauer.

"All projects along the North Vermilion Street retail corridor are still moving forward," Eisenhauer said.


Danville seeks new stores to shore up against 'retail leakage'

DANVILLE — Local officials attribute the recent flurry of activity in retail development in Danville to aggressive recruitment efforts that began years ago as well as more recent shifts in the retail landscape.