Metro-East News

Construction underway at Tim Hortons/Reliance Bank site in O’Fallon

O’Fallon city and business officials break ground Tuesday morning at the site of what will be the Tim Hortons/Reliance Bank building.
O’Fallon city and business officials break ground Tuesday morning at the site of what will be the Tim Hortons/Reliance Bank building.

The much-anticipated Canadian coffee and donut chain will share the building now under construction at 450 Regency Park Drive with Reliance Bank.

The Tim Hortons is the fifth in the St. Louis area but the first for the metro-east. Ground was broken at the site Tuesday morning.

“We are very pleased to enter the metro-east market with the Tim Hortons brand,” Show Me Hospitality, LLC president Eric Sigurdson said in a statement. “O’Fallon is an exciting city for Tim Hortons, especially on the vibrant Green Mount Road corridor. The location provides for easy access during the morning commute and accommodates our 24-hour drive thru nicely.”

In addition to coffee and donuts, Tim Hortons offers sandwiches for breakfast and lunch and also offers soups, teas, juices and smoothies. It’s expected to open this fall.

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Even wealthy investors seem to think the American Dream is out of reach.

That’s according to a Legg Mason survey of 500 affluent investors in the U.S.

According to the survey, 55 percent of the investors thought the American Dream is not attainable. Even 64 percent of investors whose household incomes top $250,000 a year thought the same.

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McDonalds has thrown customers some curveballs lately — think all-day breakfast and endless fries in some locations — and they’re at it again.

Franchises in central Ohio and in the Dallas-Fort Worth area are the first to test a fleet of variations to the classic Big Mac: The Mac Jr. and the Grand Mac.

They are what they sound like. The Mac Junior is just like a normal Big Mac but with only a single layer of beef. The Grand Mac is a bigger Big Mac, using a third of a pound of beef.

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Analysts expected the price of a barrel of oil to drop again after stabilizing in the wake of failed oil production level negotiations in Qatar last week, and it turns out they were right — maybe too right.

Things broke down when representatives from Iran skipped the negotiations altogether. Other oil-producing nations would only agree to cut production — which would stabilize oil prices — if Iran agreed to do the same.

But now there’s more bad news (or good news for folks who don’t work in the oil business and enjoy cheap gasoline): American Petroleum Institute estimates released late in the day Tuesday showed inventory of crude oil here rose last week. That surplus adds to the global oversupply of crude oil, and it’s sent oil prices plummeting.

Tobias Wall: 618-239-2501, @Wall_BND

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