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This Hour: Latest Illinois news, sports, business and entertainment

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OFFICER SHOT-HARVEY

Official: 4 of 6 child hostages freed in Harvey

HARVEY, Ill. (AP) - Authorities say a fourth child has been freed by two suspects who barricaded themselves in a house in the southern Chicago suburb of Harvey after a foiled burglary.

City of Harvey spokesman Sean Howard says the newly released child says in addition to the two remaining children, two adults are being held hostage.

Initially, Harvey police said five children and one adult were taken captive Tuesday by the suspects. Questioning of one of the three children previously released revealed there were six children being held. Howard now says two adults and two children remain hostage.

Howard would not say whether the suspects know the hostages.

Two police officers were wounded in an exchange of gunfire with a suspect. One was hospitalized and the other was treated for a graze wound.

ILLINOIS GOVERNOR-OFFSHORE FINANCES

Newspaper: Rauner firm had Cayman investment funds

SPRINGFIELD, Ill. (AP) - A newspaper reports that Republican Bruce Rauner's (ROW'-nurz) former private equity firm set up investment funds in the Cayman Islands - including ones in which he has a personal financial interest.

The disclosure by the Chicago Sun-Times stirred up a new round of calls from Democratic Gov. Pat Quinn's campaign for his Republican rival to fully disclose his financial holdings.

Rauner was in charge of the Chicago-based firm GTCR when it set up a dozen funds from 2009 to 2011 in the Caribbean nation known as a tax haven. The Sun-Times reports that three of those are funds in which Rauner has a personal interest, which reported earlier this month.

Rauner spokesman Mike Schrimpf says the investments are legal "flow-through" funds and a "common" device in investment strategy.

CONDOMINIUM FEES

Quinn proposes changes to condo fees bill

CHICAGO (AP) - Gov. Pat Quinn has used his amendatory veto power to alter legislation regarding fees for foreclosed condominiums.

The bill limits associations from collecting more than nine months of fees and regular assessments. It also requires notice of fees before closing.

State Sen. Michael Hastings is a sponsor. The Democrat says the intent was to give potential buyers of foreclosed properties more stability in expected costs. He says often times potential homebuyers of foreclosed properties are hit with unanticipated fees at closing.

In a Tuesday statement, Quinn says the mortgage lender should also assume some costs.

Hastings says he hasn't decided if he'll call for an override. A three-fifths vote is needed for that.

It's the third time Quinn has used amendatory veto power this year.

ROOSEVELT UNIVERSITY

Roosevelt University to cut back suburban campus

CHICAGO (AP) - Lagging enrollment and financial woes have prompted Chicago's Roosevelt University to eliminate many programs at its Schaumburg campus.

In a letter to the university's board of trustees, President Chuck Middleton said the university is overcommitted in Schaumburg and will relocate some staff to Chicago.

Roosevelt's latest IRS filing showed the university ran a $3.3 million deficit in the year ended last August, compared to a $5.2 million surplus the year before. Officials say enrollment fell 12 percent to 5,114 in the last four years.

Besides the pharmacy program, the Schaumburg campus hosts the Walter E. Heller College of Business, the College of Education, and the Evelyn T. Stone College of Professional Studies. Only the pharmacy program will remain in Schaumburg.

Middleton indicated much of the Schaumburg facility could be sold.

MIDAMERICA AIRPORT-FLORIDA FLIGHTS

Allegiant adds flights from MidAmerica to Tampa

BELLEVILLE, Ill. (AP) - Southern Illinois residents have a new way to get to Florida.

Allegiant announced Tuesday that it's adding nonstop jet service between MidAmerica St. Louis airport in Mascoutah and St. Pete-Clearwater International Airport. The twice-a-week flights will begin Nov. 19.

Allegiant officials say a 166-seat aircraft will fly round-trip to the Tampa Bay area on Wednesdays and Saturdays. Officials say the new flights will be provided year-round.

Airport Director Tim Cantwell tells the Belleville News Democrat that the airline and airport were able to make the deal by reducing the airline's gate fees from $75 to $25.

The airport is operated by St. Clair County.

Allegiant spokesman Micah Lilliard says the airline thrives in smaller airports like MidAmerica. It has been providing service to Sanford, Florida, outside Orlando, since 2012.

STARVED ROCK-TRAIL CLOSURES

Starved Rock trails begin to re-open to public

OGLESBY, Ill. (AP) - Officials at Starved Rock State Park are beginning to re-open footpaths that have been closed due to severe storm damage.

The News-Tribune reports that public access was granted last week on trails from the Starved Rock Visitor Center and Starved Rock Lodge to Wildcat Canyon.

Sgt. Hank Frazier of the Illinois Conservation Police says park officials are starting to write fewer tickets to hikers who go on closed trails since much of the park has opened up.

Crews are continuing to remove broken trees, limbs and branches from other areas within Starved Rock. A park ranger says work at the Riverside Picnic Area and Boat Launch should be completed next week.

Most of the steep terrain in the middle of the park remains closed.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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