The past year saw the city's business community continue to struggle with the rest of the nation from the fallout of the Great Recession.
There were victories, certainly, but St. Charles Patch readers devoted much of their attention to these, reflecting the closings of two eateries, one that was renowned in the region, as well as several business crime stories and ongoing coverage of Charlestowne Mall.
- Feb. 7, 2012: Al Capone's Hideaway Closes Its Doors
Al Capone's Hideaway and Steakhouse, a Prohibition and '20s-themed restaurant, has closed down, according to the Daily Herald.
- March 7: Fat Rosie's Taco Bar Quietly Closes in St. Charles
A trendy St. Charles taco bar that opened less than two years ago has quietly and suddenly closed.
- July 25:
After a six-month-long investigation, a 56-year-old St. Charles woman was charged with financial exploitation of the elderly, forgery and felony theft, police said.
- July 25: St. Charles Man Indicted in $8.5 Million Mortgage Fraud Scheme
A St. Charles man has been indicted on four counts of mail fraud and eight counts of wire fraud after an investigation into an alleged fraud scheme to obtain more than 20 residential mortgage loans totaling roughly $8.5 million from various lenders.
- Sept. 10:
A St. Charles man and his father from South Barrington have been sentenced to federal prison for skimming millions of dollars from the Elgin strip club they own and charges related to a separate illegal Internet gambling business, the FBI announced on its website.
- Feb. 23: Charlestowne Mall Renovations Still in 'Preliminary Stages' While Storefronts Empty
“We haven’t heard a hammer yet.” That comment from The Limited manager Sarah Suchor basically sums up the renovation status of Charlestowne Mall. While hopes remain high for the struggling shopping venue that lost several more tenants within the last few months, mall Marketing Director Jeffrey Renkert said plans are still on track.