Peoria, Illinois, USA

TIF Plays In Peoria


Redevelopment assisted by Tax Increment Financing (TIF) is very effective in the City of Peoria. The City created three new TIF's in 2007-2009 and approved twenty redevelopments - some during the "great recession".


Total investment in the buildings is estimated at $336,000,000, creating approximately 1,050 jobs. And there are many more developments in the works.

 We offer up to 45% of investment historic tax credits and up to 60% TIF incentives. Now is the time to move forward with a quality redevelopment.





More info at:



































































Heart of the Heartland
































The Heart
of the Heartland


 If the Midwest is the Heartland of America, then Peoria and Central Illinois are the “Heart of the Heartland”. Our region is midway between Chicago and St. Louis. We are smaller and less congested. Our rush hour is the "Rush Minute", compared to our larger neighbors.


We have a high quality workforce. We are served by miles of congestion free interstate highways and major railroads. We welcome new developments and industries. You can drive to destinations anywhere in the United States without traffic jams and their cost and aggravation. The Heart of the Heartland has approximately 1,741,829 people according to the 2000 US Census.

We are easy to work with and offer a pleasant atmosphere in which to conduct business. In many cases you can meet directly with the Mayor and City Council to discuss your development and needs.This region is the Heart of America’s Heartland.

Our crime rate is low and we offer great school systems, low taxes, and affordable housing for your employees. For those seeking higher education, the region offers several universities and colleges.

We offer numerous economic development incentives, including Tax Increment Financing, Enterprise Zones, Port Districts, HUB Zones, Foreign Free Trade Zones, low interest loans, and many other incentive programs. All of this makes the “Heart of the Heartland” a wonderful place to live and conduct business.



Heart of the Heartland - Smaller


















 There are approximately 860,000 people  located within the Heartland Area above. 

1.5 Hour Drive Time Area From Peoria





Drive Shed - Between Peoria and Chicago













Warehouse District Aerial with TIF Boundary in Blue


Build the Block Retail

The City of Peoria is seeking a developer to create a quality commercial development to be collocated with our new multi-million dollar Build the Block development. The site faces Water Street and the Illinois River, adjacent to the new Museum and Caterpillar Visitor Center. The site is in the Enterprise Zone and TIF District.
The drawing above is the site plan for the Block. Retail areas are shown in RED.  

The Museum building is BLUE, and the Caterpillar building is YELLOW.  The balance of the parcel is an urban park and circulation space with sculpture and landscaping.

The retail faces is on the southeast side of the two block site facing Water and Liberty Street.  The larger area is about 16,000 gsf, and the smaller area about 5,000 gsf.










Warehouse District Brochure

The Band Was Playing Last Wednesday on Water Street













The band was playing last night in the Warehouse District on South Water Street. Great crowd. It was a beautiful evening.  The Kelleher's block provides great shade for the people. 

 The urban environment is great - even the slow moving locomotive idling past added 
to the theme.

Warehouse District Street Improvement Progress






25 million dollars of street construction underway in July 2013.




PEORIA IS LOOKING FOR A FEW GOOD DEVELOPERS OCTOBER

Peoria IL is looking for quality developers

The City of Peoria is looking for a few good developers to redevelop our historic core. We offer public private partnerships that provide Federal and State historic tax credits of up to 45% of investment, TIF reimbursements and infrastructure improvements that can approach 60% of new fair market value, and an enterprise zone with no sales tax on building material. 

Market Research by Tracy Cross estimates that we can build nearly 200 units a year in and near our downtown. Our economy is strong and interest rates are still low. Now would be a good time to move forward with a development in the Heart of Peoria.

The $200 million dollar Build the Block project is now complete and the new CAT Visitor Center and Museum open. The $93 million dollar Per Marquette Hotel is just reopened and the adjacent Marriott Courtyard hotel under construction. We are spending $30 million dollars on attractive new urban streets. CAT is planning a major new Corporate Headquarters. 

I will be glad to discuss this with in depth at your office or in Peoria. More scoop on  

PeoriaIL.US