We Value Bloomington-Normal

Meetings set on east-side bypass plan
February 26th, 2007 3:05 PM
McLean Co.BLOOMINGTON — The east-side highway will be the topic of two informational meetings set for March 5 at the Normal Community High School auditorium.

The highway steering committee is holding the meetings as work on the $1.1 million study gets started.

The meetings will be from 1 to 4 p.m. and 5:30 to 8:30 p.m. The committee will review the project history, the study schedule and a community involvement plan.

A 30- to 45-minute presentation will be given at the beginning of each session and will contain the same information.

The town of Normal, city of Bloomington and McLean County are funding $300,000 of the study with the remaining $800,000 coming is from a federal highway grant.

Under the proposed area of study, a stretch of McLean County that starts at Towanda-Barnes Road and extends three miles to the east will be considered for the proposed highway that likely would connect Interstate 55 near Towanda to Interstate 74 near Downs.

An option not to build the highway also will be considered.

Posted by Brian Davis on February 26th, 2007 3:05 PMPost a Comment (0)

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Low mortgage interest rates keep IL buyers in the market in January
February 27th, 2007 5:02 PM
According to IAR's January housing report released Feb. 27, total home sales (which include single-family and condominiums) were off 6.8 percent in January 2007 to 8,584 homes sold compared to 9,206 homes sold in January 2006. The median price held steady at $200,000. "The current economy provides a strong base for the housing market to recover this year with growth in GDP, employment and income, and interest rates that are low by historical standards,” said IAR President Robert Zoretich. Read the full report

Posted by Brian Davis on February 27th, 2007 5:02 PMPost a Comment (0)

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