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Dean Wolfe, the Owner of Wolfe Properties LLC, says the St. Louis area has seen a boom in development, especially in the retail sector, in the last several months.
Wolfe's company owns the St. Louis Premium Outlets in Chesterfield, and he is celebrating news that IKEA plans to come to St. Louis. Wolfe says when you look at the whole picture--the outlet malls opening, plans for an IKEA and Whole Foods in the city, and the possibility of landing a new Boeing facility--this is a special time.
"I am guardedly optimistic that this is an indication that people are figuring out that the Midwest has numerous advantages, St. Louis, in particular, with our central location" says Wolfe.
Wolfe says things are going great the outlet mall. He believes national figures that show retail shopping lagging this holiday season only tell part of the story.
SPRINGFIELD, Ill. (AP) - With the fight over solving Illinois' worst-in-the-nation pension shortfall moving to the courts, the state faces a grim possibility: The plan could be tossed, and Illinois could wind up in an even deeper fiscal hole.
Lawmakers approved a bill Tuesday that they say eliminates the $100 billion unfunded pension liability, largely by cutting benefits.
Labor unions say it's unconstitutional and plan to sue once Gov. Pat Quinn signs it.
Court rulings on similar cases elsewhere have varied.
A bankruptcy judge in Detroit said Tuesday that city pensions can be cut.
But in Arizona a court said asking employees to contribute more to their retirement was illegal and made the state repay workers, with interest.
Experts say that could happen in Illinois, which has some of the country's stronger pension protections.
A pair of men from the Detroit area facing charges for allegedly robbing a jewelry store on Tuesday.
Police say Stefan Douglas and Treymane Kinsey tried to steal a Rolex from a Clarkson Jewelers in Ellisville. When the men tried to run out of the store, a sales clerk caught one of the the suspects. There was an altercation in the parking lot and during the confusion, the store owner pulled out a gun and shot at the suspects.
After a short chase, the suspects crashed near Chesterfield mall. Now the men face charges of robbery in the second degree.