Jan. 4 at 11:14 a.m.
Filed under:
Bank failures,
Banking,
Bankruptcy
By Becky Yerak
In this photo from 2002, a Blockbuster sits across from the Corus Bank building at the intersection of Irving Park, Damen and Lincoln Ave. in Chicago's North Center neighborhood. (Handout)
The Chicago area was home to three of the nation’s 20 biggest bankruptcies in 2010, a roundup by BankruptcyData.com shows.
Measured by assets owned before filing for bankruptcy, Chicago-based Corus Bankshares Inc., owner of failed Corus Bank, ranked second, with $8.35 billion in pre-petition assets.
Ranked sixth was Rockford-based Amcore Financial Inc., with $3.8 billion in pre-petition assets. Get the full story »
Oct. 29, 2010 at 5:45 p.m.
Filed under:
Autos,
Construction
By Associated Press
Navistar International Corp. has announced plans for a new testing facility at its plant in the Chicago suburb of Melrose Park.
Navistar leaders said Friday that they plan to invest up to $90 million in the 80-acre campus over the next few years. Get the full story »
June 28, 2010 at 8:51 a.m.
Filed under:
Commercial real estate,
Retail
By Chicago Breaking News
Demolition is set to begin today at Kiddieland, the longtime Melrose Park amusement park that was purchased by a Costco to make way for a new store.
Officials from the store chain and the village closed on the deal last week. Melrose Park officials say the new store, scheduled to open in November, will generate about two times the annual tax revenue — $500,000 to $600,000 — that the park brought in.
