Economy

Economy

Slot machines at the Isle of Capri casino in Cape Girardeau, Missouri.
Jacob McCleland / KRCU

The Missouri Gaming Commission passed a resolution Wednesday to declare Isle of Capri’s Cape Girardeau casino is suitable for a gaming license.

I-66 Study To Begin Next Year

Oct 9, 2012
The proposed interstate highway connection between Cape Girardeau and Paducah will take a step forward early next year.
KRCU Newsroom / KRCU

The Illinois Department of Transportation will begin a study early next year to determine the route for an interstate highway that will link Cape Girardeau and Paducah.

The proposed Interstate 66 project will cross through the southernmost counties of Illinois. The first step is to draft an Environmental Impact Statement, or EIS. 

Josh Kauffman is the spokesperson for IDOT.

Cigarette Tax May Increase In Missouri

Oct 8, 2012
Missouri's cigarette tax is currently one of the lowest in the country.
Sudipto_Sarka / Flickr

A ballot measure that would raise Missouri’s cigarette tax is starting to catch smoke. Campaigns for and against the hike have been heating up over the last few days.

Southeast Missouri State University's Academic Hall
Southeast Missouri State University

Southeast Missouri State University’s total economic impact on the region was $148 million in 2011, according to a new report.

Students spend nearly $64 million dollars per year in the local economy. 

Economist Dr. Bruce Domazlicky is one of the university-commissioned report’s co-authors. He says students spend their money on typical things.

Missouri’s Real Estate Market Shows Signs Of Life

Oct 1, 2012
A for sale sign in Cape Girardeau, Missouri
Jacob McCleland / KRCU

Missouri real estate sales were up by 13 percent in August, as compared to August 2011. That’s according to a new report from the Missouri Association of Realtors.

August marked the eighth consecutive month that sales had increased year-over-year.

Missouri Association of Realtors CEO Russ Cofano says sale prices were decreasing early this year, but began to increase since the springtime.

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