Retail

Retail

It's Your Business: Developer updates First/Springfield plans

CHAMPAIGN — Dan Hamelberg has updated his plans for developing the northeast corner of First Street and Springfield Avenue in Champaign.

Hamelberg, the chairman of The University Group, said he plans to tear down all the buildings on the east side of First Street from Springfield Avenue north to White Street.

Dick's Sporting Goods, Field & Stream to combine at former Sears site at Market Place

CHAMPAIGN — Dick's Sporting Goods and an affiliated outdoors store, Field & Stream, plan to open at Market Place Mall in a new 102,000-square-foot building on the site of the recently demolished Sears store.

Savoy RadioShack to be closed

SAVOY — The Savoy RadioShack store is among 77 in Illinois slated to be closed as the electronics chain seeks to restructure its business.

No closing date was given for the store at 503 S. Dunlap Ave., with RadioShack stating only that the closings will occur "over the coming weeks" and that remaining inventory is expected to be sold off.

Gauge shows steady growth

URBANA — The University of Illinois flash index rose to 106.8 in January — up from 106.5 in December — indicating continued growth in Illinois' economy.

Sales tax fuels local governments

Christmas comes in the spring — for municipal governments, at least.

That bunch of gifts you bought on North Prospect Avenue in December? The sales tax you spent will show up in March in the city's checkbook.

Tax facts: Sales tax figures, 2006-2014

Highs and lows, 2006-2014

The smallest and largest months of sales tax receipts from the state for area cities

Champaign

Low point: May 2007, 1,922,392.35

High point: March 2007, 3,262,697.37

Urbana

John Roska: Excise taxes vary, cannot be deducted

Q: How much do we pay in taxes on alcohol, tobacco, and gasoline? Can any of those tax payments be deducted on the federal tax return?

A: Taxes on alcohol, tobacco and gasoline are excise taxes. Those generally are imposed per unit measurement of something, rather than as a percentage of its price.

It's Your Business: Quilting shop comes to Savoy

Farm Ridge, a quilting shop that carries fabrics, sewing machines and more, is coming to Savoy.

The business, owned by Deb Heater of rural Urbana, plans to occupy one of the buildings on the out-lot in front of the Wal-Mart Supercenter.

A grand opening is planned for Feb. 23, said Steve Heater, Deb's husband and business manager.

City may rethink Curtis-I-57 interchange

CHAMPAIGN — Eight years ago, the city of Champaign tried to bring orderly development to an area that looked like the next big hot spot.

It's Your Business: More apartments coming near UI

Multistory complexes near campus will also have commercial space

Two new apartment complexes have been added to the growing list of residential projects near the University of Illinois.