Illinois Public Media News

AP - Illinois Public Media News - April 01, 2010

Carle Hospital, Carle Clinic Now One Organization

The regulators have been satisfied, and today's the day that Carle Foundation Hospital and Carle Clinic Association become one entity.

The two firms had been related but not unified until now - but starting Thursday, the former Carle Clinic has turned from a for-profit company to a wing of the not-for-profit Carle Foundation. It'll now be known as Carle Physician Group.

Carle Foundation president Dr. James Leonard says the combination will make for more efficiency, streamlining a patient's care. "When a patient is moved from one venue to another, they're moving throughout a continuum of care that recognizes their needs, their care, their financing so that we're all thinking about this as a single episode," said Leonard.

Dr. Bruce Wellman headed Carle Clinic and is now the CEO of Carle Physician Group. He says some last-minute approvals meant that merging the two groups' paperwork was delayed until now. "Planning was okay (before the merger), (but) not doing any actual work in changing things, such as the computers, until we had all of the approvals because it would not be legal or appropriate to do that," Wellman said. "So we have timing issues of literally thousands and thousands of things that have to happen, and bills are an excellent example."

Carle says billing will be merged over the next few months. They're asking people who encounter any billing issues to be patient, and patients may be asked to verify their insurance.

Categories: Business, Health

AP - Illinois Public Media News - March 25, 2010

Another Slight Increase for IL Unemployment

Unemployment in Illinois rose slightly from January to February.

The seasonally adjusted jobless rate for February was 11.4 percent. That compares to 11.3 percent in January. There were 900 fewer jobs in Illinois in February.

Illinois Department of Employment Security Director Maureen O'Donnell says she's encouraged that the job loss pace is slowing in the state. She says a few more months of data are needed before it's possible to assess the path of recovery.

Illinois' jobless rate is at its highest level since July 1983. Since the recession began in December 2007, the nation has lost 8.4 million jobs and Illinois has lost 403,600 jobs.

The national unemployment rate in February was 9.7 percent.


WILL - Illinois Public Media News - March 23, 2010

The Arguments For—and Against—Olympian Drive

The debate over the Olympian Drive extension will continue at an Urbana City Council committee-of-the-whole meeting in three weeks. Council members have put off a decision on a state-funded design engineering study for the road. It would be just the latest phase in a long-standing project that Mayor Laurel Prussing says would bring economic development --- and jobs --- to the north edge of the city. But opponents like Bill and Virginia Ziegler (left) and Leslie Cooperbrand (right) argue it would do more harm than good. AM 580's Jim Meadows reports on the Olympian Drive debate.

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AP - Illinois Public Media News - March 17, 2010

Big Broadband” Passes Champaign Council

Champaign-Urbana's Big Broadband proposal cleared a major hurdle last Tuesday night. The Champaign City Council voted 7-1 to accept a federal grant to help create a new high-speed fiber broadband system --- despite worries about possible future costs.

Champaign is saying yes to a $22 million federal grant plus $3.5 million in state funding to pay for the core infrastructure of the broadband system, plus fiber-to-the-home broadband installations in underserved neighborhoods. Councilman Tom Bruno says the system will give Champaign-Urbana a competitive edge with businesses for the next few years.

"We will have better connectivity than other similar communities," Bruno said. "When somebody trying to decide where to invest, or where to bring the jobs, will like Champaign-Urbana a little bit more than some other city, we will be a little bit ahead of the curve."

But accepting the broadband grant also commits Champaign to spending $688,000 of its own money. Along with Urbana and the U of I, Champaign will become a retail broadband provider, a risk that worries Mayor Jerry Schweighart, who cast the only vote against the project.

"I see a lot of pitfalls on this, and it's going to cost the cities a lot of money at a time when we don't have a lot of money," Schweighatr told council members. "I hope I'm wrong, hope it's highly successful. But I cannot, after reading everything, convince myself to support it."

The Urbana City Council takes its own vote on the Big Broadband project next week.


AP - Illinois Public Media News - March 16, 2010

Supreme Court Ruling May Give Resolution to Tax Question for Provena Hospital

The Illinois Supreme Court is expected to issue its ruling Thursday in a taxation case that could affect dozens of not-for-profit hospitals in Illinois.

The case involves Provena Covenant Medical Center in Urbana. In 2004 it lost its property tax exempt status because county officials determined the hospital did not provide enough charitable care. State revenue officials agreed, but an appeals court reversed the lower court's decision against Provena. At issue is whether Provena still owes local governments more than a million dollars in property taxes a year since the initial decision. The case is on the high court's list of decisions to be released Thursday - both sides argued before the justices last September.


AP - Illinois Public Media News - March 08, 2010

Opposition Builds Against Ameren Gas, Electric Rate Increase Proposal

The group that represents Illinois consumers in utility rate cases says Ameren's proposed rate hike shouldn't go forth - in fact, it claims the utility should be cutting its customers' rates.

The Citizens Utility Board has been collecting petition signatures against a proposed $130 million rate hike - it would affect what Ameren charges to deliver power and natural gas, which makes up about a third of the typical homeowner's utility bill.

CUB director David Kolata contends that Ameren's request is way too high considering the utility's healthy profits and the sluggish economy. He also takes issue with Ameren's plans to ask for yearly increases.

"We would expect them to file right after this case," Kolata said. "That's why we think it's so important for the ICC to put its foot down here. If there's ever been a time to eliminate one (rate hike), now is the time, and hopefully if it occurs, Ameren will learn its lesson that they can't just keep going to the ICC and raising profits at consumers' expense."

Last month a judge recommended that the state lower the rate hike that Ameren proposed to $56 million. The Illinois Commerce Commission will consider that and CUB's opposition when it votes on the rate hike request - that vote is expected next month.

Ameren spokesman Leigh Morris says even the lowered rate increase wouldn't be enough for the utility to operate. He says Ameren has already lowered its proposal by cutting jobs and delaying construction, and the profitability of the overall Ameren holding company does not accurately reflect the performance of its Illinois utilities.


AP - Illinois Public Media News - March 05, 2010

Bank Regulators Take Over Bank of Illinois

Regulators have taken over the Bank of Illinois in Normal. The Federal Deposit Insurance Corporation is the appointed receiver.

Heartland Bank and Trust Company of Bloomington will assume all the deposits of Bank of Illinois for a premium of 3.61 percent and has agreed to purchase all the assets.

The FDIC says it expects the cost to the FDIC Insurance Fund will be $53.7 million.

As of December 31, 2009 Bank of Illinois had $211 million in assets. The FDIC and Heartland Bank have entered into a loss sharing program on $166.6 million in remaining assets.

Bank of Illinois is the 24th FDIC Insured institution to fail in the nation this year and the third in Illinois. It was founded in 1914.

Categories: Business
Tags: business

AP - Illinois Public Media News - March 03, 2010

UI Foundation Sells Pell Farm

160 acres of farm property for growing fruit in Southeast Urbana is being sold by the University of Illinois Foundation, the university's fundraising arm.

The successful bidder for the Pomology Farm, or Pell Farm, is not being disclosed, but the property was listed for sale at $3.2 million. U of I Foundation spokesman Don Kojich says it still had debt on the site adjacent to Meadowbrook Park , that was in excess of $7 million in Fiscal 2009. "The pomology operation had moved from the university so the foundation didn't need the land anymore,' says Kojich. "We're looking to find a way to relieve ourselves of the debt of the property and prepared it for sale."

Kojich says he expects the Foundation to close on the sale within the next couple of months. In 2006, the U of I and its Foundation conducted a land swap, giving up the Pell Farm in exchange for tracts of land used for the South Farms, as well as property near Willard Airport.

Categories: Business, Education

AP - Illinois Public Media News - March 03, 2010

State Board Approves One of the Final Pieces in Carle Merger Puzzle

The Illinois Department of Insurance is the only agency that stands in front of the merger of Carle Foundation Hospital and Cale Clinic Association.

The deal would have the not-for-profit Carle Foundation purchase the for-profit clinic for $250 million. The clinic's Health Alliance Medical Plans would be the only business to remain for-profit.

Yesterday without opposition, the state Health Facilities and Services Review Board approved a certificate of need clearing the way for the purchase. Carle says the merger will make the organization a stronger health care provider and give the clinic's doctors a stable place of employment. Federal regulators have not raised any questions about the deal - if the state insurance department approves, Carle says the merger could be completed in April.


AP - Illinois Public Media News - March 03, 2010

CU Big Broadband Project Wins Federal Money, but Local Match Isn’t a Sure Thing

The U-S Commerce Department has awarded $22.5 million for Champaign-Urbana's Big Broadband project. Now, the Champaign and Urbana city councils and the university of Illinois have 30 days to decide if they'll commit matching funds to the project --- a combined total of $1.3 million.

Champaign City Councilman Will Kyles says he's looking forward to a March 16 council meeting with the consultant the two cities hired to review the Big Broadband proposal. Kyles says he wants to ask Doug Dawson about his concerns with the long-term financial viability of the Big Broadband plan.

"I think it's more the sustainability piece that we're concerned about, as in his report he's projected that we would eventually start losing money. And he also talked about how technology is always changing. So I'd definitely want to talk to him," said Kyles

The federal stimulus money announced Tuesday would fund two major components of the Big Broadband project --- the installation of underground fiber-optic rings making up the backbone of service, and fiber-to-the-home installation of the service in areas considered underserved by broadband providers.

Two other components did not win federal funding. They're both aimed at expanding computer access for underserved populations. Big Broadband proponent Mike Smeltzer says efforts are already underway to re-enter those components in the 2nd round of federal funding.


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