Economy

Economy

Sam Powers / KRCU

The lingering effects of this year’s drought may bring Mississippi River commerce to a screeching halt next month.  Water flows from the Missouri River will decrease in late November and early December, and that could put Mississippi River navigation in peril. 

Future of Cape Girardeau Area MAGNET Remains in Limbo

Nov 8, 2012
Cape Girardeau Area MAGNET

The Cape Girardeau Area MAGNET executive director position remains unfilled, leaving the future of the regional economic development organization in limbo.

In January, the board chose not to renew contract of long-time executive director Mitch Robinson, stating that they hoped to “change” and go in a new direction.

John Mehner, President and CEO of the Cape Girardeau Area Chamber of Commerce, says MAGNET is considering several options for the vacant executive director position.

Parks & Rec Department Prepares Capaha Park Master Plan

Nov 8, 2012
Samantha Powers / KRCU

The City of Cape Girardeau and SWT Design have created a master plan for Capaha Park.

The new plan eliminates a road through the northeast corner of the park, reconfigures parking and improves stormwater drainage.

It also includes many new and updated amenities, like a destination playground with a spray mat at the site of the old pool, an accessible island and fishing pier at the pond, terraced amphitheatre seating, and a central pavillion as a park hub, among other things.

Missouri Real Estate Market Showing Growth

Nov 4, 2012
Lyn Lomasi / WikiMedia Commons

Missouri’s real estate market is showing signs of healthy growth, according to new figures by the Missouri Association of Realtors.

Missouri sales were up by 11% in the third quarter as compared to the same time last year. The average price grew to over $150,000, a nearly 6.5% increase. And homes averaged 6 fewer days on the market.

Missouri Association of Realtors president La Nora Kay says there is less inventory on the market than in 2011 and homebuyers are no longer waiting for prices to drop.

Jacob McCleland / KRCU

The bulldozers and jackhammers are gone from Broadway Street, and Cape Girardeau now has its first complete streetscape. The next step will include new benches, trash cans, banners and other amenities.

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