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July 16, 2012


 

Greetings ~

 

The past couple of weeks were highlighted by several articles detailing the findings of the Leadership Council's 2011 Market Review & Investment Update, one of which we've included below. The coverage spotlights the $5.7 billion in investment activity underway last year and reinforces that Southwestern Illinois remains a development hotspot. Public infrastructure investments accounted for approximately $1 billion of that construction activity, and this edition of NewsLink includes stories about additional road projects in our region, as well as news about a new senior housing development planned for Belleville and two auto dealerships that are set to open up new facilities in the Metro East.

 

Have a great week!

 

 

Ellen 

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Under construction: Large-scale developments keep metro-east busy (The Belleville News-Democrat, 7/8/12)

The Leadership Council's recently released 2011 Market Review & Investment Update was featured in the July 8 edition of the Belleville News-Democrat. The story focuses on the large-scale developments that have kept the Metro East busy despite the sluggish economy of the past few years. The article highlights several of the investments that contributed to a total of $5.7 billion in projects completed or under construction during 2011 in Madison and St. Clair counties. (Read More)

 

Route 3 projects authorized in East St. Louis, Waterloo (St. Louis Post-Dispatch, 7/11/12)

 

The St. Louis Post-Dispatch reported last week that several Illinois Route 3 projects in East St. Louis and Waterloo are among the transportation improvements that will be funded under a $1.6 billion bond authorization bill recently signed into law by Illinois Gov. Pat Quinn. The legislation authorizes more than $1.6 billion in bonds to be issued to pay for road, rail and transit projects statewide. Included are Route 3 relocation projects in East St. Louis and Waterloo that are expected to total more than $85 million. (Read More)

 

Remaining sections of Illinois 255 freeway expected to open in October (St. Louis Post-Dispatch, 7/11/12) 

A late October opening date has been announced for the full 21-mile section of Illinois Route 255 from Interstate 270 to Illinois 111 in Godfrey. The Post-Dispatch reports that work is currently underway to address problems related to a 400-yard section of an embankment that began to fail last fall, causing the road surface to crack and separate. The expanded 255 will link up with U.S. 67, which is being upgraded to a four-lane highway that will stretch 223 miles to Rock Island, Ill. (Read More)

 

'Thank you and here's my address': Dave Sinclair to open dealership on this side of the river (The Belleville News-Democrat, 7/2/12)

The Belleville News-Democrat reports that the Dave Sinclair Ford dealership, a familiar landmark in South St. Louis County, will soon have a new location in Monroe County. The new dealership will sell used vehicles and will be located at the former Riverview Ford dealership on Route 3, which closed in July 2007.  (Read More)

Mertz Ford's new home to open by November (The Belleville News-Democrat, 7/9/12)

A new location for Mertz Motor Company is under construction and expected to be open by the end of the year, according to the Belleville News-Democrat. Plans outline a new 22,600-square-foot showroom on a 3.3-acre site on Illinois 158, where Golden Dipt once operated a plant. The expanded space will allow room to service Ford trucks and will also make more jobs available for technicians, sales and office staff. (Read More)

The Cottages at Cathedral Square project to cost $5 million (The Belleville News-Democrat, 7/15/12)

The Belleville News-Democrat has released additional details about a senior housing community that's been in the planning stages for downtown Belleville for the past two years. Slated to be built adjacent to St. Peter's Cathedral, the project is now estimated to cost $5 million, and the funding for the project should be firmed up by October. The article notes The Cottages at Cathedral Square will include a 32-unit apartment complex and 16 one- and two-bedroom "cottages" for senior citizens. The development will be housed within the block bordering South First Street, West Harrison Street, South Second Street and West Garfield Street and is next door to the Catholic church, grade school and McCormick Center. Construction could begin as soon as six months from now. (Read More)

Contact Information

Ellen Krohne

 Executive Director

Leadership Council Southwestern Illinois

618-692-9745


 

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