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| Plan |
CITY OF PEORIA, ILLINOIS
EXECUTIVE SUMMARY
2005-2009
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| Realty - TIF Incented |
What We Did Right and What We Did Wrong
It has now been ten years since we worked on Economic Development in the City of Peoria. This is good time to look back and evaluate what we accomplished.
The City did a fine job on economic development. The Mayor, City Council, Manager, and development community were dedicated and enthusiastically support economic development efforts. Citizens and companies were supportive and supported the redevelopment of the Heart of Peoria. The City led development iniatives in the Warehouse District, Hospitality Zone, Southern Gateway.
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City and Regional Accomplisments
2005-2009
· Partnered with Peoria’s medical community to develop the:
------- Illinois Medical Center Clinic
------- Long Term Acute Care Hospital
------- OSF Children’s Hospital
------- Methodist Hospital Expansion
------- Illinois Eye Care
------- Heart Care Midwest
· Developed the Innovation Center to incubate high tech business
· Continued implementation of the Heart of Peoria Plan
· Continued marketing campaign for Renaissance Park
· Developed the Southern Gateway Plan
· Prepared the River Trail Drive Redevelopment Plan
· Developed the Green Edge Plan
· Adopted the Eagle View and Warehouse TIF
· Sixteen TIF developments approved or in process
· Prepared Site for Museum/Caterpillar Visitor—BUILD THE BLOCK !!!
· Continued commercial expansion on War Memorial
· Developed Prospect and Sheridan Road Revitalization Plan
· Facilitated eleven façade improvement requests
· Developed the Hospitality Improvement Zone for Hotels
· Seven Enterprise Zone expansions and 251 improved buildings
· Persuaded all HOP governments to join the Enterprise Zone
· Updated Comprehensive Plan and Economic Development Strategy
· Assisted the start up and expansion of numerous businesses
· Worked to retain existing business
· Low interest loans of $880,000 creating and/or retaining 467 jobs