Geneva alderpersons recommended approval of an economic incentive agreement of $131,762 for a developer who proposes to rehabilitate a 113-year-old building for commercial and residential use.
Walmart, which became the nation's largest retailer by making low prices a priority, has found itself in a place it's rarely been: Warning customers that prices will rise for goods ranging from bananas to car seats. Executives at the $750 billion company told industry analysts Thursday that they are doing everything in their power to absorb the higher costs from tariffs ordered by President Donald Trump. Given the magnitude of the duties, however, the highest since the 1930s, higher prices are unavoidable, and they will hurt Walmart customers already buffeted by inflation over the past three years. Walmart reported strong sales for the first quarter on Thursday, though profits slipped.
The Chicago Bears on Friday announced a shift in focus back to Arlington Heights for their stadium development plans, after previously considering a lakefront site in Chicago.
The Bahama Breeze Island Grille restaurant in Schaumburg is among 15 nationwide that were closed this week by Darden Restaurants, Inc.
The demolition of Sears’ former 2.4 million-square-foot headquarters in Hoffman Estates is entering its final stages.
A 180-year-old St. Charles home has evaded demolition for years despite owners’ attempts to level the structure and convert the site to a parking lot. But its time may soon be up after a planning and development committee recommended approval for the first steps towards demolition.