CHAMPAIGN — Midland States Bank will build a new branch office at 1615 W. Springfield Ave., C — the site of the recently razed This Is It Furniture building.
Becky Von Holten, the bank's Champaign market president, said she is "excited and thrilled" with the new location, which will give Midland States a full-service facility with drive-up lanes and ATM service.
DANVILLE — Taxpayer costs associated with the planned retail development on North Vermilion Street continue to increase as the city will be spending more than $150,000 to relocate the Lowe's entrance to accommodate traffic to the Meijer store that will be built across the street.
CHAMPAIGN — Payrolls of major employers are rebounding. Retail sales are growing. The local housing market is stabilizing. And farmers are anticipating another year of strong commodity prices.
Those factors, plus anecdotal evidence, make Busey Bank Vice Chairman Ed Scharlau think the local economy is getting stronger.
DANVILLE — City officials are anticipating changes to the entrances of Lowe's and Tractor Supply on North Vermilion Street to accommodate the increase in traffic to the Meijer development.
Demolition is expected to begin early next week in Savoy to make way for a new development.
David Borchers, owner of Borchers Decorating, which is handling the demolition, said the brick building on the southwest corner of Curtis Road and Dunlap Avenue and the house just south of there will be torn down. Borchers said that will take about three weeks.
HOFFMAN ESTATES — Sears Holdings Corp. has completed the sale of its store property at Champaign's Market Place Shopping Center to the center's owner, General Growth Properties.
The store was one of 11 Sears stores sold to Chicago-based General Growth Properties for a total of $270 million.
A roundup of business news:
Navistar affiliates with UI program
URBANA — Navistar Inc. has become the newest corporate affiliate of the Hoeft Technology & Management Program at the University of Illinois.
SPRINGFIELD — A leading statewide historic preservation group has named Danville's Bresee Tower to its list of the Ten Most Endangered Historic Places.
URBANA — The official Chief Illiniwek logo may be under lock and key, but Chief supporters have created their own symbol to try to continue the tradition.
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.