Business Report: ITT Tech Lawsuit; Legacy Pointe Plans; Salvation Army Buys Former Gym
Sean Crawford talks with the State Journal-Register's Tim Landis,
On this week's business report:
* Salvation Army - Horace Mann buys Salvation Army building on Ninth St. for $4M; Salvation Army purchases Gold's Gym on Clear Lake Ave. for $1.25 million. All part of that $1.6 million TIF agreement between Springfield and Horace Mann approved in June.
* ITT Tech lawsuit - First lawsuit filed in federal court in Springfield is from former academic dean Ruby Blackwell, who apparently had been there for just a few months. It alleges ITT Tech violated 60-day notice of mass layoffs required by federal law. The suit is seeking wages, benefits, vacation time, 401K contributions. Also seeks class action status.
* Legacy Pointe hotel - Ehrhardt Hospitality of Hannibal looking at a site just south of Scheels; no schedule yet but they already have the Residence Inn, Comfort Suites and Candlewood Suites in Springield.
*Ag economy - A Creighton University study finds lower commodity and land prices are squeezing the economy in many rural areas.
Read the latest stories Tim is working on each day in the SJ-R.