Business

Business

Common Ground Co-op expanding with move in August

URBANA – Common Ground Food Cooperative plans to open Aug. 22-23 at Lincoln Square Village with new products, longer hours and a lot more space.

The new location will have greater visibility too. Its entrance will be the old east-side entry to Bergner's department store, putting the co-op just a few steps away from the popular Saturday morning "Market at the Square."

Questions and answers about Common Ground Food Cooperative

Questions about Common Ground Food Cooperative:

Rising costs to blunt rising revenue

Champaign farm owner Stephen Zehr got sticker shock when he opened his fertilizer bill last month.

A year ago he paid about $4,400 for nitrogen and other fertilizer for his farm.

He purchased about the same amount this year, and his bill was more than $10,600.

Fireworks event at Harvest Moon drive-in canceled

GIBSON CITY – On what would have been the tenth consecutive year for a summer fireworks display at the Harvest Moon Twin Drive-In, the event was canceled.

But this weekend also marks the 54th anniversary of the Harvest Moon Drive-In Theatre, and the theater is offering a bonus showing of Disney's new animated film "Wall-E" starting at around 11:30 p.m. Saturday.

Mother Nature delays opening of apartments

CHAMPAIGN – The anticipated mid-August opening of the more than $40-million Burnham 310 project is now on hold – perhaps until late October.

"We've been working so hard toward an August opening, but Mother Nature just didn't cooperate this year. All the snow and then the extremely heavy rains really kept construction slowed for a good part of the construction season," Property Manager Theresa Kamerer said in a release issued Friday.

Apartment complexes have new owners

CHAMPAIGN – Two student apartment complexes in Champaign and Savoy that were formerly owned by Pennsylvania-based GMH Communities Trust are now under new ownership.

The Tower at Third at 302 E. John St. was one of the properties acquired by Austin, Texas-based American Campus Communities when it finalized the purchase of GMH's student housing properties last month.

Area children among many with cancer at special camp

LAKE BLOOMINGTON – The summer camp at Lake Bloomington has everything required for a week of carefree fun.

There's the pool, the archery range and the horses for riding. And don't forget the ropes course, where campers swing, almost Tarzan-style, from a platform 40 feet in the air.

Government thwarts bank's strategy to pay off $40 million

CHAMPAIGN – Central Illinois Bank's parent company received a blow this week in its attempt to recapitalize and pay off $40 million in debt.

In a filing Thursday with the Securities & Exchange Commission, Pewaukee, Wis.-based CIB Marine Bancshares stated that the Wisconsin Department of Financial Institutions had denied its request to reduce the permanent capital of Marine Bank, CIB's Wisconsin-chartered bank.

Investor shares tips for getting most for money

CHAMPAIGN – Angel investor Teresa Esser has a few rules about which companies she'll invest in.

One is, she won't invest in an entrepreneur who has a background in engineering but no experience in sales.

FutureGen alliance welcomes funding vote

WASHINGTON, D.C. – The actions of a Senate Appropriations subcommittee have the FutureGen Alliance lauding what it calls the second sign in a week that their clean coal-burning plant is on track.

The Energy and Water Appropriations Subcommittee approved funding legislation for the 2009 fiscal year Tuesday. The FutureGen Alliance said in a press release that the measure would protect $134 million slated to help pay for the FutureGen plant proposed for Mattoon.