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2016 October Issue

IMPACT Strategies Inc., Academy Sports + Outdoors, O’Fallon, Ill.

By RITA DUCKWORTH    Construction is underway at Academy Sports + Outdoors at the Lincoln Crossing shopping center in the 1500 block of West U.S. 50 in O’Fallon, Ill.    The sporting goods retailer says it offers “apparel, footwear, equipment and gear for the fan, enthusiast and participant.” It will be the Texas-based company’s first store Illinois,…

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Poettker Construction Co., Jefferson Barracks VA Engineering Warehouse, St. Louis

By RITA DUCKWORTH    Poettker Construction Co. was recently awarded the $31 million Jefferson Barracks VA Engineering Warehouse in St. Louis and anticipates mobilization in October 2016.     Poettker is one of several companies participating in the massive campus overhaul of the Jefferson Barracks VA Medical Center, located on the Mississippi River in St. Louis. In…

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McCarthy Building Companies Inc., Sarah Bush Lincoln Hospital, Mattoon

By ROBERTA CODEMO    Project manager Matt Sauer with McCarthy Building Companies Inc. admits it can be tough renovating an existing building.     “You never know what you might uncover,” he said. He is overseeing the $15 million to $20 million renovation projects at Sarah Bush Lincoln Hospital in Mattoon.    He and his team have encountered…

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COUNTERPOINT: Should courts look favorably at bonuses in bankruptcy cases?

Execs should be held firmly to standard of proof before getting additional compensation By STEVEN M. WALLACE and AMANDA R. MCQUAID    Chapter 11 bankruptcy is frequently the vehicle used for dismantling businesses. Chapter 11 “reorganizations” are most often court-supervised liquidations. Shareholders’ investments are wiped out, vendors receive pennies on the dollar, if that, and employees…

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POINT: Should courts look favorably at bonuses in Chapter 11 bankruptcies?

Yes, Congress has implemented measures to protect creditors, incentivize the executive team By ROBERT E. EGGMANN and BECKY R. EGGMANN    Chapter 11 business filings are on the increase. According to data compiled by the Administrative Office of the United States Courts, 5,594 Chapter 11 business bankruptcies were filed in the 12-month period ending June 30,…

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‘Lockbox’ vote seeks surety of road funds

By DENNIS GRUBAUGH    Illinois voters have the rare opportunity this fall to amend the state constitution, by acting upon a measure that passed the General Assembly with strong bipartisan support.    Though it had been attempted and failed before, the so-called Lockbox Amendment breezed through the state approval process this year and aims to protect money…

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Academy grooms techno whiz kids for jobs of future

By DENNIS GRUBAUGH    BELLEVILLE — Michael Pedersen was simply looking for a way to spend time with his daughter, Chasity, when he introduced her to the hobby of computer coding.    Little could he know that he would tap into a passion that would take each of them in exciting, new directions.    Pedersen, a systems engineer…

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Peer 151 collaboration produces first-year successes

By DENNIS GRUBAUGH    BELLEVILLE — Peer 151, Metro East’s first broad-based effort to tap into the local startup world, is already proclaiming some success stories, even as it adapts to a challenging marketplace.    Barely a year into its existence, the coworking and collaboration space at 15 N. First St., helped at least four businesses get…

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Southwestern Illinois Commercial Real Estate Transactions

Southwestern Illinois Commercial Real Estate Transactions   The Illinois Business Journal is proud to publish commercial real estate transactions recently completed by commercial brokers across Southwestern Illinois. BELLEVILLE Paloma Properties LLC leased 4,490 square feet to Mi’Lan Salon & Cosmetology School LLC, 1148 Royal Heights Road. Kunkel Commercial Group represented both parties CARLYLE CO Acquisition…

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