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
The latest data from the U.S. International Trade Administration shows merchandise exports from the Peoria metropolitan area totaled a record $17.8 billion in 2012, up 17 percent from 2011. Key export categories included machinery, chemicals, fabricated metal products, electrical equipment and transportation equipment, while leading destinations for Peoria exports were Canada, Chile, Brazil, Belgium and Australia. Greater Peoria is one of just 32 metro areas with merchandise exports totaling more than $10 billion. To learn more about the Peoria MSA’s impact on U.S. exports, visit trade.gov/mas/ian/metroreport/index.asp. Next Tuesday, July 30th, join Focus Forward Central Illinois for a Milestone Celebration at the Gateway Building from 4:30 to 7pm. The Star Trek-themed event includes a review of the progress FFCI has made in the five-county region and a presentation of the many assets identified in the initiative’s discovery phase, as well as an announcement of FFCI’s five-year strategy to meet its previously established goals, which aim to add 20,000 new high-wage jobs and $1.75 billion to annual payrolls in central Illinois by 2018. Help celebrate central Illinois going “where no region has gone before!” Register online at focusforwardci.com. The latest issue of Peoria Progress magazine is now available in print and online. Published twice a year, Peoria Progress is the region's only resource devoted to promoting the quality of life in the Peoria area. The entire issue is now available as a digital magazine, online at peoriamagazines.com/pp. Print copies are available in the CIBP office and at various distribution points throughout town.
The Big Build Up illustrates with photos and a spread sheet over an aerial photograph some of the major developments taking place in Peoria, Illinois. The Map illustrates the $2 Billion dollars of recent or planned investment in the City of Peoria. Click on the map to make it larger.
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.
The $200 million dollar Build the Block project is now complete and the new CAT Visitor Center and Museum open. The $93 million dollar Pere
Marquette Hotel is just reopened and the adjacent Marriott Courtyard hotel under construction. We have begun a major program underway constructing attractive new urban streets. CAT is planning a major new Corporate Headquarters. More info on the links to the left.
Pere Marquette reopens with a ‘spectacular’ new look
DAVID ZALAZNIK/JOURNAL STAR
Visitors walk through the former lobby area of the newly remodeled Peoria Marriott Pere Marquette Hotel Friday.
PEORIA — The early reviews — from local dignitaries to the first guests to check in — amounted to a unanimous and enthusiastic thumbs-up for the Peoria Marriott Pere Marquette Hotel.
The 86-year-old Downtown landmark reopened Friday. Make that 86 years new, because the hotel that closed in December 2011 is sporting a whole new look along with a new name.
“There are new ceilings, a new plumbing system. We replaced all the tile and the carpets,” said Gary Matthews, the president of EM Properties and the developer of the $93 million project that included a $44 million renovation of the 286-room Pere Marquette.
Part of the project, a 10-story, 116-room Marriott Courtyard Hotel, now under construction adjacent to the Pere, is expected to be completed by the second half of 2014.
Peoria Marriott Pere Marquette NOW OPEN, Marriott Courtyard Now Under Construction
Marriott, one of the world's top hotel companies, has taken over the landmarkHotel Pere Marquette in downtown Peoria after extensive renovation. The Peoria Marriott Pere Marquette is OPEN and the adjacent new 10-story Marriott Courtyard is under construction. The overall $92.8 million project will attract new and larger conventions and sporting events to the area, while enhancing value to the Peoria Civic Center and increasing local tourism business.
The Plan in 2009
Renovations included replacing all mechanical systems and plumbing aa well as overhauling each room and public area of the building. The newly refurbished 284 rooms at the Hotel Pere Marquette will nicely compliment the 116 rooms at the attached Courtyard by Marriott.
Other enhancements of the project include a connected skywalk between the hotels, Peoria Civic Center and a new parking deck.
July 22, 2013: The time of the next public meeting on Tuesday, July 30, has been changed to 4:00pm.
July 18, 2013: The next construction meeting has been rescheduled to Tuesday, July 30 at 5pm4pm. The meeting will be held at Dozer Park, located at Jefferson and Oak Streets. Guests should enter through the Administration Entrance doors on Oak Street. Parking is available in the Chiefs Staff/Player lot, accessible via the alley off Oak Street.
July 2, 2013: More detailed information regarding work areas and lane closures for July has been posted to our Construction page.
Welcome!
As part of the City of Peoria's plans to encourage new development in the Warehouse District, the City of Peoria was awarded a $10 million grant from the U.S. Department of Transportation through the Transportation Investment Generating Economic Recovery (TIGER) II grant program. The Warehouse District TIGER II project will not only rebuild the street network but also improve safety, accessibility and aesthetics for residents and businesses in the Warehouse District.
U.S. Secretary of Transportation Ray LaHood, with (from left) Peoria Mayor Jim Ardis, former Peoria Mayor Richard Carver, Illinois State Senator Dave Koehler, and Peoria Councilman Ryan Spain, speaks at the March 8, 2013 Warehouse District TIGER II Complete Streets and Washington Street Improvement Projects groundbreaking.
Concurrently, the City of Peoria is also performing the Washington Street Improvement Project, which aims to transform Washington Street into a safer, more attractive facility for motorists and pedestrians alike. The Washington Street Improvement Project extends from Hamilton Boulevard to MacArthur Highway through the Warehouse District and Business District of downtown Peoria.
The Warehouse District project area includes the Warehouse District TIGER II Complete Streets project on streets shown in blue and the Washington Street Improvement Project, shown in red. The Washington Street Improvement Project also extends further north to Main Street. For a larger view of the study area, click here. Imagery: Bing Maps.
VISSIM traffic model showing traffic flows and lane configurations through the Warehouse District following completion of the improvements.
Craig Hullinger AICP is now working for the City of Peoria part time helping facilitate redevelopment of the City.
Great things are happening in Peoria:
The Build the Block project is complete and the new CAT Visitor Center and Museum open.
The redeveloped Per Marquette Hotel is reopened, with another hotel under construction.
30 million dollars of construction are going into the streets creating attractive new urban streets in accordance with the Heart of Peoria Plan.
CAT is planning a major new Corporate Headquarters.
Let me know if there is anything I can help you with to get some deals done. I will be in the Peoria City Hall a few days a week, and available by phone 24/7