Retail, restaurant complex planned for Glen Carbon - St. Louis Business Journal:

http://www.turk-asp.com/Benefits-of-ASP-NET-Is-an-Acronym-For-the-Active-Server-Pages.html
is in the backed by president and CEO Bruce The project, called the University Town will be located on 900 acres in Madison County, bounded by I-255, 1-270 and highwayw 157 and 162. Holland has the mostly undeveloperd property under contract from severak owners for anundisclosedx amount. Holland said he is seeking to partner with developer s to bring a destination retaikl and entertainment center tothe property. Swansea, Ill.-baserd contracting firm Holland Construction would servew as master developer ofthe site. “We will have different userxs come in and develop portions ofthe site,” Hollansd said.
“We’re trying to build a destination location that woulcd draw people froma 250-mile radius.” Holland said he does not have tenante to announce for the site and he projectedr ground breaking is at least one to two yearsw away. Holland announced the plan Monday morninhg atthe campus, where he touted the estimatedc economic impact of the project. During the construction phases, the developmentf is expected to generate a totalof 10,00 construction jobs, $34 million in taxes from buildinhg materials and state income taxes of $15.
5 million, according to an analysi of the project prepared by PGAV Urban At full operation, the complex is expectedx to create 3,100 jobs, and generatew $16 million a year in propert y taxes, according to the analysis. The project's total economic construction impact wouldtotal $1.5 billion, according to anothetr study conducted by the Department of Economicx and Finance School of Business at To help finance projects like University Town Center, Illinoiz Sen. James Clayborne, D-East St. introduced Senate Bill also known as the Illinois STARBond Act. Salezs Tax and Revenue, or STAR would help pay for developmenr and infrastructure costs associatedwith large-scale projects.
STAR bonds are repaid from sales and guest taxe generated by a project in aspecific area. Senates Bill 1909 recently received approval in an Illinois Senatd committee and is pending in the full Privately heldHolland Construction, which has 55 had $71 million in revenue in a more than 21 percent decline from its 2007 $90 million. Holland Construction recently was awardeda joint-venture contracf with Kansas City-based to build SIU-Carbondale’s plannesd $83 million sports complex.