The City of Peoria is looking for a few good developers to redevelop our historic core.

Mar 13, 2008

Tax Increment Financing (TIF) Success

Click on the line below to see the success of TIF in Peoria.

TIF SPREADSHEET

http://spreadsheets.google.com/pub?key=pSt1ivzaCLuN4WFfX60coQw

TIF Districts spur revitalization of older neighborhoods, increasing tax base and jobs. Successful projects include:

Caterpillar
CBT
CityScape Apartments
Cranes & Equipment
Drumheller Bag
First Capital Bank
HCH Administration
IL Assn. of Neurosurgery
InPlay
Kirby Risk
O’Brien Stadium
O’Brien Steel
Orthopedic Institute
Plattner Orthopedic
PMP
Renal Care Center
Spring Grove Residential
Staybridge Suites
Superior Consolidated
Technicraft
U. of I. College of Medicine
Valley Park Shopping Cntr.
Valeska Hinton School
Westmont Supply
WW Grainger
401Water Street

More info on TIF at

http://peoriatif.blogspot.com/


______________________________

Hospitality Improvement Zone

(HIZ) TIF


The cities of Tinley Park, East Peoria, and Normal have developed high quality conference centers and hotels which draw business from Peoria. Springfield’s attractiveness has been greatly enhanced by the Lincoln Museum. These improved competitors all received substantial assistance from government, and will draw business from downtown Peoria.

Our downtown hotels and other hospitality industry business struggle to compete with these quality new developments. The City can choose to compete or not to compete. The proposed Hospitality Improvement Zone would assist existing and new businesses invest, improve, and expand.

City Council has directed staff to present the potential HIZ TIF to our sister governments, and request their input and direction. We also ask our citizens to send us their recommendations. Thank you for your consideration. We appreciate your viewpoint.


Send comments or questions to Craighullinger@gmail.com


309 643 0482

More info at

http://peoriatif.blogspot.com/

http://hospitalityimprovementzone.blogspot.com/

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