Business

Business

Tuscola to weigh redevelopment arrangement

TUSCOLA – The Tuscola City Council will discuss and may take action next week on a redevelopment agreement that will encourage business growth at Tuscola's Tanger Outlet Center.

The agreement will encourage the mall to attract more tenants, said City Administrator Drew Hoel, while demonstrating the city's willingness to invest in the center's success.

UI trustees OK funds for Huff Hall addition

The University of Illinois is moving forward with plans for a building addition that will provide more space for research in health, aging and disability.

The UI Board of Trustees approved a $15 million budget for an addition to Huff Hall for the College of Applied Health Sciences.

Former Piccadilly Beverage Shop building to be leased or sold

URBANA – The former Piccadilly Beverage Shop building in southeast Urbana will either be leased or sold, its owner says.

Jack Troxell said the store at 1508 E. Colorado Ave. wasn't meeting his standards, so he decided to close it at the end of 2007 when the liquor license was up for renewal.

Enforcement of rental policy to begin March 1

DANVILLE – Beginning March 1, owners of unregistered rental property will face hefty fines and a mandatory interior inspection, city officials said.

The city council's public services committee learned Wednesday night of the city administration's plans to enforce the newly revised rental registration ordinance.

Ethanol interest buys Tilton land

TILTON – A South Dakota-based energy corporation that produces ethanol has purchased land south of Tilton, according to public documents.

In December, VeraSun Tilton LLC purchased multiple parcels of farmland, totaling at least 200 acres, southwest of Tilton and directly south of Ross Lane, according to documents filed at the Vermilion County Recorder's office in Danville.

Alliance launches two job programs

CHAMPAIGN – It can be a problem for couples: Someone moves to Champaign County to take a new job. But where will that person's husband or wife work?

One of two new programs launched by the Champaign County Alliance hopes to address that situation. The "trailing partner" program aims to match up spouses who move to the community with the right jobs.

Busey earnings drop 40% in 4th quarter compared with '06

URBANA – First Busey Corp. on Tuesday reported a 40 percent drop in fourth-quarter earnings, compared with the same quarter a year ago.

The Urbana-based bank holding company blamed the decline primarily on two factors: a one-time cost associated with its merger with Main Street Trust Inc., and an increased provision for loan losses as a result of deterioration in its Florida loan portfolio.

Barber shop's new owners will still stress family atmosphere

CHAMPAIGN – William Jones has been coming to the venerable Rose & Taylor Barber Shop to get his hair cut since he was a small child.

Now, he and his wife, Carla, are the new owners of the shop on Champaign's North First Street – though one of the founders, Joe Taylor, is still cutting hair there and is now semiretired.

Clinton residents, company at odds on chemical waste

CLINTON – Some DeWitt County residents are concerned over a proposal by a landfill company to store chemical wastes at the Clinton landfill.

They've placed a question on the Feb. 5 ballot asking county voters whether they support putting chemical wastes there.

UI Employees Credit Union headed in new directions

URBANA – In about two weeks, the University of Illinois Employees Credit Union plans to open its new branch office at University and Cunningham avenues in Urbana.

The $2 million project, slated to open about Feb. 1, has been under construction since June. It will be the third location for the credit union, which already has offices on South First Street in Champaign and in the Illini Union on campus.