Metropolis development stalled by recession

Text Size: AaAaAaAaAa

METROPOLIS, Ill. (AP) — A planned riverfront development in Superman's adoptive home of Metropolis is being foiled by the recession.

Leaders of the tourist town along the Ohio River in far southern Illinois say the multi-million-dollar project calling for a hotel, marina and retail shops is on hold until the economy rebounds.

Mayor Billy McDaniel says a lot of the city's revenue comes from the local Harrah's Casino, which he says is $300,000 to $400,000 a month shy of what it had been making.

McDaniel says that when the economy steadies itself, the first thing likely to be developed will be a concert venue.

___

Information from: WSIL-TV, http://wsiltv.com

Previous Page|1|Next Page

Comments



Get Real Deals delivered right to your inbox!

Blogs

» Twin Cities Talk
Twin Cities Talk

Bringing people to the river

STERLING – More entities are throwing their support behind the Rock River Trail Initiative.
» The Sole Goal
The Sole Goal

Be bold. Brave the cold.

The Indian Summer couldn't last forever. But despite the dip in temperatures, there's no reason you can't train in the great outdoors. In fact, winter running can be the most rewarding.

Reader Poll

The Republican field of presidential candidates is down to four. Which one do you favor?

Newt Gingrich
Ron Paul
Mitt Romney
Rick Santorum