A majority of local business executives recently surveyed by the Quad Cities Chamber of Commerce think the Quad Cities economy will improve in 2014.
Dr. J.B. Penn, Deere & C.'s chief economist ratified their opinion during a presentation to community leaders at our annual Economic Forecast. Penn called the national outlook "brighter this year than it was in 2013."
The Quad Cities has major projects underway in every corner of our region, equaling millions of dollars of investment. Just look around our community and you can see retail growth on Elmore Avenue, a new hotel and other improvements at the Quad City International Airport, a Quad Cities campus of Western Illinois University nearing completion, and major projects like the new casino and City Square taking shape.
These developments are building tax base for our local governments, providing jobs for our families, and adding to the diversity of our regional economy.
The Quad Cities Chamber advocates and applauds balanced growth throughout our region.
We have reason to celebrate the significant progress made on changes to SouthPark Mall, a major tax generator and anchor attraction for our community. We extend our thanks to owner Macerich and the City of Moline on recently executing a development agreement that will result in significant redevelopment and major improvements to the mall property. SouthPark Mall is celebrating 40 years as a staple in our community, and we cannot think of a more appropriate way to mark this milestone than their plan to meet the future retail needs of our citizens. As this important transformation is now becoming reality, we encourage community leaders to continue the momentum in other geographies that hold great promise for attracting private investment and increasing dollars for local services.
One such location is the intersection of Interstate 280 and Highway 92.
From the chamber's vantage point, this area offers one of only a few interstate interchanges in the Illinois Quad Cities capable of generating more private investment and thus, more tax base for our community. Investment at this intersection began seven years ago with the casino development, and we should maximize the power of that interchange to the benefit of the community and all taxpayers.
We look forward to the announcement of a sound development plan for the "Jumer's Crossing" site. Its proximity to the highway is an opportunity we cannot afford to miss. Let's grow the tax base for the entire Quad Cities region. Tara E. Barney is president and CEO of the Quad Cities Chamber of Commerce.
Today is Monday, Oct. 20, the 293rd day of 2014. There are 72 days left in the year.
1864 -- 150 years ago: The store of Devoe and Crampton was entered and robbed of about $500 worth of gold pens and pocket cutlery last night. 1889 -- 125 years ago: Michael Malloy was named president of the Tri-City Stone Cutters Union. 1914 -- 100 years ago: Dewitte C. Poole, former Moline newspaperman serving as vice consul general for the United States government in Paris, declared in a letter to friends that the once gay Paris is a city of sadness and desolation. 1939 -- 75 years ago: Plans for the construction of an $80,000 wholesale bakery at 2011 4th Ave. were announced by Harry and Nick Coin, of Rock Island. It is to be known as the Banquet Bakery. 1964 -- 50 years ago: An application has been filed for a state permit to organize a savings and loan association in Moline, it was announced. The applicants are Ben Butterworth, A.B. Lundahl, C. Richard Evans, John Harris, George Crampton and William Getz, all of Moline, Charles Roberts, Rock Island, and Charles Johnson, of Hampton. 1989 -- 25 years ago: Indian summer is quickly disappearing as temperatures slide into the 40s and 50s this week. Last week, highs were in the 80s.