Business

MON, 3/8/2021

Monday, March 8, 2021

                                                                                                                                                                                                                                                                                                                                                           
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A banquet hall, theater, restaurant and other entertainment uses are proposed to take over the shuttered Sam’s Club at 808 S. Route 59 in Naperville.

Banquet hall, entertainment destination proposed for Naperville's shuttered Sam's Club

Owners of Naperville's Mall of India plan to transform an adjacent warehouse building into a multiuse entertainment and recreation destination, called The Matrix.
The former Carson Pirie Scott store at Stratford Square Mall was put up for auction online. The property is now under contract to be sold.

With pending sale, could Carson's store at Stratford mall be redeveloped?

A prospective buyer has made an offer to purchase a vacant department store at Stratford Square Mall in Bloomingdale after the anchor property was put on the auction block amid retail turmoil at the regional shopping center.
Erdene Sainnyambu will open Tatsu Ramen House in Elgin, just off Randall Road, at the end of March.

New ramen restaurant heading to Elgin

Tatsu Ramen House will open at the end of March in the space formerly occupied by Mr. Wok at 2490 Bushwood Drive, just west of Randall Road and north of I-90.
After nearly 20 years in business, the Starbucks at the Palatine Metra station closed in January. Now the village is seeking proposals from those interested in operating a restaurant/commercial business in the space.

Palatine seeking tenant for former Starbucks space at train station

The village of Palatine is seeking proposals to operate a restaurant/commercial space at 137 W. Wood St., inside the downtown Metra station, which was vacated by Starbucks in January.
A lone person takes advantage of unseasonably warm temperatures Wednesday at Lake Michigan at North Avenue Beach. Marilynn Gardner, president and CEO of Navy Pier Inc., said the closure of the pier’s restaurants, theaters and attractions, as well as a shortened 2020 season, led to a 25 percent loss in revenue for Navy Pier last year.
Comptroller hopeful for outdoor events for summer
Comptroller Susana Mendoza reports COVID-19-related shutdowns and event cancellations cost the state nearly $500 million in tax revenue over the past year. Prior to the pandemic, tourism in the state brought in nearly $2.5 billion in sales tax revenue annually.
New branch of Palatine-based Cornerstone National Bank & Trust Co. at 1185 S. Route 31 in Crystal Lake.
Cornerstone Bank relocates two branches
Cornerstone National Bank & Trust Co. announced the relocattion of two of its current branches in Crystal Lake and Lake Zurich. Both locations will enter new buildings a few miles away from their current places of business.
Death and taxes may be the only certainties in life, but death taxes are only a remote possibility for most people. Far more people could be affected if a tax break that benefits heirs is eliminated.
Liz Weston: Worry about the right thing with estate taxes
Death and taxes may be the only certainties in life, but death taxes are only a remote possibility for most people. Far more people could be affected if a tax break that benefits heirs is eliminated.
Experienced agents are all too familiar with the misconceptions people have about insurance. For example, many people don’t realize that a homeowners policy won’t cover damage from flooding, earthquakes or everyday wear and tear.
5 things agents wish people knew about insurance
Insurance is notoriously complicated, and few people have the time or desire to pore over their policies. But some basic knowledge can go a long way -- and that's where an insurance agent can help, by clearing up some of the most common misconceptions they encounter.
Consumers gave the Consumer Financial Protection Bureau an earful in 2020 — there were a record number of complaints, and credit reporting bureaus were cited in more than half. You have a right to get free copies of your credit reports and to have any errors investigated and addressed.
Your credit report may be wrong; here's what to do about it
Accuracy matters since credit report errors can suggest identity theft or fraudulent activity on your accounts. And because credit report data provides the raw material for credit scores, errors can lower your score.
The past year has fractured our world in countless ways. How people pick up the pieces of their lives and finances depends on where they fit in a K-shaped economic recovery. Those in the bottom half, who are struggling to find work or make up for lost income, should focus on covering basics. Paying minimums helps avoid collections, and trying to minimize interest rates helps cut the cost of new debt.
Millennial Money: 3 debt strategies for an unequal recovery
In this so-called K-shaped recovery, one part of the population is rebounding quickly while another has a longer, slower path.
Report: Illinois' pension debt tops $300 billion
As of June 30, 2020, the report stated, the total unfunded liabilities of the state's five pension systems stood at $317 billion, a 19 percent increase from the prior year. That was largely due to historically low interest rates, which have depressed pension fund earnings throughout the country.
Mary Lynn Fayoumi
Business Ledger | Fayoumi earns Woman of Influence HR award
Mary Lynn Fayoumi, president and CEO of HR Source in Chicago, has been named 2021 recipient of the Woman of Influence Award, presented by the Association Forum.
                                                                                                                                                                                                                       
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Photo Galleries
The Daily Herald Archive, Assignment # 1,065, Al Smith photo: Play ball was the call as 210 Prospect Heights Little Leaguers turned out for opening day ceremonies in May of 1965. The enthusiasm of the major league Cardinals unfortunately did not carry them to victory as they dropped the opening contest 1-0 to the White Sox.
Through the Film Magnifier: Little League Opening Day, Jayne Kennedy, C3PO actor, First Test Tube baby and more
In this Oct. 8, 1964 file photo, The Supremes, from left, Florence Ballard, Mary Wilson and Diana Ross, perform during a reception for them in a hotel, in London. Wilson, the longest-reigning original Supreme, has died at 76 years old. Publicist Jay Schwartz says Wilson died Monday, Feb. 8, 2021, at her home in Las Vegas and that the cause was not immediately clear.
Mary Wilson of The Supremes has died at 76
The Daily Herald Archive, Assignment # 233, Don Vickery photo: Kitchen preparations such as this are being duplicated all over the south side of Arlington Heights in February of 1965 as 34 Girl Scout troops prepare for a bake sale in the Gieseke Shoe story. Scouts pictured are from left to right are Ruth Nerlinger, Sue Pretto, Debbie Donavon and Anne Baughman.
Through the Film Magnifier: Darth Vader, mud olympics, Guardian Angels, Girl Scout cookies and more
The Weeknd performs during the halftime show of the NFL Super Bowl 55 football game between the Kansas City Chiefs and Tampa Bay Buccaneers, Sunday, Feb. 7, 2021, in Tampa, Fla. (AP Photo/David J. Phillip)
Super Bowl entertainment
The Daily Herald Archive, Assignment # 219, Don Vickery photo: Bridge players concentrate on their cards during a bridge party at Pioneer Park in Arlington Heights in February of 1965.
Through the Film Magnifier: Bill Buckner, bridge clubs, wine tasting, Kristy McNichol and more
The Daily Herald Archive, Assignment # 52,005, Dave Tonge photo: Tapes are recorded every half-hour by Sportsphone announcers unless there is a breaking story, when they are changed immediately. Pat Benkowski is recording the voice of a quiz winner, the only prize, at the services cramped quarters in the John Hancock building in Chicago in September of 1979.
Through the Film Magnifier: Sportsphone, Steve and Garry, circus tryouts, police dogs and more.
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