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

Jul 24, 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  



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