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I-55 Corridor Subject Of Online Forum - The Edwardsville Intelligencer: News

Madison County has not set a timeline for their meeting. The members of the public were given the opportunity to ask questions and make comments with many members of the public asking questions. One resident asked what type of work would be taking place in the Ridgeview Road in regard to inlets and outlets to the road. Hanson said the plan is to connect Raymond Road to Governors' Parkway and later to Goshen Road. Near the entrance to Goshen Elementary there will be an east/west connector extending to Ridgeview Road south of the church. The resident also asked if there would be any municipal buildings in this area. Hanson explained the city currently owns 16 acres of land and some of that would be used for the Raymond Road extension. Additionally, three acres have been set aside for the construction of a future fire station. Another resident asked for clarification on the difference between the urban residential zoning, rural residential and neighborhood zoning. Brandmeyer explained the main difference is lot size. Its just the lot size for the most part, Brandmeyer said. I think we are requiring a minimum of a half-acre for rural and for the urban you can go down to as little as a quarter-acre. In the general neighborhood, it's about the same. There are some multi-family uses that are permitted and then there are some very limited commercial uses that would be allowed. Again that would be the personal services. There would not be a big box store or anything like that. With the plan calling for a town center, one resident expressed concern that the businesses and services that would populate this zoning district would take away from visitors to downtown Edwardsville and Glen Carbon. Hanson said the municipalities will be seeking to have different products in the town center from what is offered in the two communities. Coody pointed out that the municipalities do not dictate what type of businesses buy what property. I see your point 100 percent. I love going to downtown Edwardsville or downtown Glen Carbon and grab a cup of coffee or sitting outside the Wooden Nickel, but whenever somebody buys a piece of property and they want to open a coffee shop, we cant tell them no. So, although I see your point, we dont dictate who buys what or what they want to build there. As long as it's within the commercial guidelines there, it will be allowed, Coody said. Although the main focus of the plan is to direct growth in the corridor, steps will also be taken to protect and increase property values for those who live in the corridor and one resident wanted to know how this would be accomplished. Brandmeyer pointed out the area will be developed and Madison County, Edwardsville and Glen Carbon cannot restrict this from happening but what can be done is create rules through the planning process to ensure what is being built is of high quality. What we are not going to do is not allow (just) anything to be built out there. That is how we are protecting your property. What we can insure of is.
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12:21 pm PetSmart issues statement regarding JANA Partners Scheduled 13D filing: 'PetSmart welcomes open communications with its shareholders and values constructive input' ( PETM ) : Co issued the following statement regarding the Schedule 13D filed today by JANA Partners: "PetSmart welcomes open communications with its shareholders and values constructive input toward the goal of enhancing shareholder value. Our Board and management team are committed to creating value for all PetSmart shareholders, and we will continue to take actions to accomplish this goal and position the Company for growth and success." 12:09 pm Notable movers of interest (:SCANX) : The following are some of today's most notable movers of interest, categorized by market capitalization (large cap over $10 billion and mid cap between $2-10 billion) and ranked by % change (all stocks over 100K average daily volume). Large Cap Gainers LO (64.74 +5.87%): Multiple sources reporting that co is nearing a deal to merge with Reynolds American (RAI) PCAR (67.42 +5.71%): Traded higher on speculative M&A commentary from Diamler's commerical-vehicle chief RYAAY (55.5 +2.61%): Co announced three new routes between Edinburgh and London, Glasgow and London and Glasgow and Dublin, as well as a new base at Glasgow International Large Cap Losers PEG(38.24 -2.32%): Weakness in large cap utilities companies:ETR,D,DUK,NU,SRE,EIXalso lower TSN (38.4 -1.44%): Hillshire Brands ( HSH ) disclosed that merger agreement with Tyson includes a termination fee of ~$261.3 mln GG (27.62 -1.04%): Weakness in large cap gold companies: NEM also lower Mid Cap Gainers PETM (67.3 +12.52%): JANA Partners disclosed 9.9% active stake; JANA intends to have discussions with the Board of Directors and management regarding a potential sale RAD (7.51 +4.71%): Reported June same store sales rose 3.9% vs +2.6% estimate CREE (52.66 +4.67%): Upgraded to Outperform from Perform at Oppenheimer, target $59; discussed positively in Digitimes article Mid Cap Losers SNX (69.42 -6.10%): Beat quarterly EPS by $0.15 ($1.52 ex items vs $1.37 estimate and $1.34-1.38 guidance), revs rose 33.3% yoy to $3.45 bln vs $3.17 bln estimate and $3.1-3.2 bln guidance; sees Q3 EPS of $1.45-1.50 ex items vs $1.53 estimate, revs of $3.3-3.4 bln vs $3.29 bln estimate MBI (10.34 -4.08%): Weakness related to Puerto Rico on going cash concerns; WSJ reporting that some utility companies may need to restructure debt RSPP (29.95 -2.66%): Downgraded to Neutral from Buy at UBS 12:07 pm European Markets Closing Prices (:SUMRX) : European markets are now closed; stock markets across Europe performed as follows: UK's FTSE:+0.2% 9:32 am Draghi press conference ends ( FXE ) : TLTRO Details From ECB 9:32 am Seadrill Ltd and SapuraKencana's PLSV starts Petrobras job ( SDRL ) : The contract is for a period of five years with an extension option for an additional five years. Total revenue potential for the firm contract period is estimated at US$445 million. 9:26 am Draghi reiterates current policy aimed at restoring price stability ( FXE ) : EUR/USD remains near session low (1.3605) 9:26 am Micronet Enertec appoints Shai Lustgarten as CEO ( MICT ) : Co announced that its subsidiary, Micronet Ltd., has appointed Mr. Shai Lustgarten as CEO of Micronet Ltd., effective July 1, 2014. Mr. Lustgarten was formerly Executive VP of Business Development for Micronet Enertec Technologies since late 2013. Prior to joining Micronet Enertec, he served from 2008 to 2013 as VP Sales, Marketing & CMO of TAT Technologies Group, a world leading supplier of electronic systems to the commercial and defense markets. Previously, Mr. Lustgarten was CEO of T.C.E. Aviation Ltd in Belgium. 9:15 am S&P futures vs fair value: +6.00. Nasdaq futures vs fair value: +10.50. (:WRAPX) : The stock market is on track for an upbeat start to the final session of an abbreviated trading week. The S&P 500 futures trade six points above fair value with the bulk of the advance coming after the release of the June nonfarm payrolls report. According to the jobs report, nonfarm payrolls grew by 288,000, while the Briefing.com consensus expected an addition of 210,000 jobs. Also of note, the unemployment rate unexpectedly fell to 6.1% from 6.3% with the decline resulting from workers finding jobs (+407,000) rather than individuals dropping out of the labor force. In addition to the jobs report, participants were occupied by the results of the latest policy meeting at the European Central Bank. The ECB did not startle the market, keeping its policy on hold. Notably, ECB President Draghi said during his press conference that starting in January, the central bank will begin meeting every six weeks as opposed to once a month. Treasuries currently hover on their lows with the 10-yr yield up five basis points at 2.68%. As a reminder, the stock market will close at 13:00 ET today and the bond market will close for the day at 14:00 ET. 9:09 am Draghi says ECB's job 'isn't finished' ( FXE ) : ECB chief rhetorically asks if expectations for action at every meeting can alter market behavior and create self-fulfilling expectations 9:02 am Weight Watchers announces retirement of Co-Chief Scientific Officer; Gary Foster will now serve as Chief Scientific Officer ( WTW ) : WTW announced the retirement of Co-Chief Scientific Officer, Karen Miller-Kovach, MBA, MS, RD, who led the scientific thinking behind the Weight Watchers program globally for more than two decades.
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