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Tue July 23, 2013
WUIS / SJ-R Business Report: July 23, 2013
On this week's business report, we get an update on high speed rail work. $1.45 billion in contracts awarded now in Illinois; mostly for rail upgrades but still a lot of work to get to 110 mph trains on two-thirds of St. Louis-Chicago route in late 2015.
Also, the Outlets at Springfield; A Pennsylvania developer David Ober says construction in Legacy Pointe,just south of Scheels will begin as soon as planners approve the large-scale design. It could open next year and promises more than 80 stores and 800 to 900 jobs.
And we'll fill you in on a mandatory sprinkler rule the Illinois State Fire Marshal is proposing to require sprinklers in new home construction to further reduce fire deaths, injuries and damage. Builders say it's unnecessary and expensive.