Dec 18, 2009

Search for Sales Center




A company in the moving & storage industry that is evaluating Peoria as a potential location for an inbound sales center is looking for an office building approximately 25,000-30,000 square feet.  


Their timeline is tight, so they are looking more for a “move in ready” property, if possible.
  
If you know of anything in addition to what is listed above that meets the specifications, please let Katie know.


Katie Rasmussen

Economic Development Council for Central Illinois
100 SW Water St.
Peoria, IL  61602
Phone:  (309) 495-5921
Fax:  (309) 676-7534



Nov 30, 2009

Nov 29, 2009

Peoria is Looking Good


I copied this from the urbanophile  


http://www.urbanophile.com/

They write great anlysis of midwest cities, but usually don't cover smaller cities the size of Peoria. Note his comment abuut Peoria, which I am pleased to highlight. And I have invited the editor to visit Peoria, and he indicates that he will.
________________ 


Best Performing Cities


The Milken Institute released their rankings of the best performing cities of 2009. Their index “ranks U.S. metropolitan areas by how well they are creating and sustaining jobs and economic growth. The components include job, wage and salary and technology growth.”




Austin, Texas was #1 in America. Here is how the large Midwest metros stacked up. On this one, a higher rank is better, like a normal league table. The ranking is out of the 200 largest metro areas. You know your region is struggling when it can’t crack the top 50. (In fairness, Peoria, a city I generally don’t cover, was #33)


* #52 – Kansas City
* #108 – Columbus
* #109 – Pittsburgh
* #123 – Minneapolis-St. Paul
* #125 – Indianapolis
* #128 – St. Louis
* #138 – Cincinnati
* #148 – Chicago
* #151 – Milwaukee
* #153 – Louisville
* #186 – Cleveland
* #199 – Detroit




Nov 22, 2009


 The Peoria area can add yet another top notch national ranking to its resume. The Milken Institute has ranked Peoria the 33rd Best-Performing City in the country.





Nov 21, 2009

The University of Illinois provides assistance in local government economic development efforts.


http://economicdevelopmentnews.blogspot.com/



Nov 20, 2009






Please send your responses to  Doug Leunig 

Nov 19, 2009

350,000 to 500,000 Sq Ft Building Needed




DCEO sent EDC a lead for a building.

Please let EDC know if you know of any appropriate building. 

An industrial broker in the Chicago area has requested assistance with the following project outlined below.

REQUIREMENT
  • Building size ~ 350,000 - 500,000 SF
  • Site size ~ 50 - 100 acres
  • Crane coverage ~ Approximately 50%
  • Height under hook ~ 30 feet
  • Minimum bridge crane capacity ~ 40 tons
  • Rail ~ To site at grade
  • United States or Mexico preferred
  • No time for “build to suit” options
  • Timeline - negotiate lease in December for March followed by installation of equipment beginning in April and operational later in 2010; willing to lease or purchase
  • Power - the power installed for the last user should work well
  

Beth Kolowski
The Economic Development Council for Central Illinois
A company of The Heartland Partnership
100 SW Water Street
Peoria, IL  61602-1329
309-495-5973 - Office
309-256-9011 - Cell






Nov 15, 2009

Downtown Nashville - Downtown Peoria


Downtown Nashville has a great entertainment district. It looks a lot like Peoria, with the Main Street cascading down to the River. Of course, it is a much larger city and region, but it has the kind of dynamism that we would like to build in downtown Peoria.


http://www.thedistrictnashville.org/

http://www.vacationsmadeeasy.com/NashvilleTN/pointsOfInterest/RiverfrontParkinNashvilleTN.cfm

Nov 13, 2009






Click on the plan above to make it larger.


I like one page poster plans. A simple graphic, a brief summary of the plan, and a link to the internet where the plan is explained in more depth is a simple and effective way to provide information to citizens about plans.


Most people don't have the time or interest to read a long plan. The one page summary provides most of what most people want to know, with an explanation on line that provides more information for those who want to know more about the plan.









Beth Ruyle and Craig Hullinger AICP have completed our first week as partners in our new consulting firm, Ruyle Hullinger and Associates. So far, so good, although Beth misses her coworkers at Ehlers and I miss mine at the City of Peoria.




The economy is of course very tough. And it will take time to develop a client base. But I first started a full time consulting practice in 1982, and the economy was very bad then. I was still able to build the practice.


Nov 6, 2009

Thanks for the Past Four Years


Thanks for a great retirement party yesterday, and for making my tour of duty with the City very interesting and rewarding. I thoroughly enjoyed working for the City, and look forward to continuing to help the economic development and improvement of the City and the region as a citizen volunteer.

I believe we made the city a little better with our efforts to revitalize the Heart of Peoria. Many more projects are in the works, and will be developed in the next few years as we come out of the Great Recession.


http://www.pjstar.com/news/x1128384646/Citys-economic-development-head-to-retire

My new phone number is 309 634 5557

My email remains the same

hullingerc@gmail.com

My wife Beth Ruyle and I are starting a small consulting firm in Peoria.

Read all about it at:

http://ruhu12.com

Pronounced Ru, hu, 1 , 2

I will keep all the Peoria Blogs that I have started up as a public service.

I will continue to post to the blogs under:

http://peoria.blog.com

http://cityofpeoria.blogspot.com

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TURN OVER FILE - DIRECTOR OF ECONOMIC DEVELOPMENT


Craig Hullinger AICP retires 6 November 2009. This is the summary of the turn over file. The Department has outstanding people - three economic development specialists and an administrative assistant.

Feel free to call or email anytime:

309 634 5557 Hullingerc@gmail.com http://ruhu12.com/


Susan Schlupp has 11 years total with the department during two different periods, and 16 years total with the city. She has the most knowledge of Economic Development in the city, and is the senior person in the department.

w 309 494 8644 c 309 453 6843

Bobby Gray has over 3 years with the Department and 5 with the city. He is very capable. He has a very substantial knowledge of the city, and is the second senior specialist in the department.

w 309 494 8641 c 309 645 5744

Rachael Parker has 3 years with the Department and 8 years with the EDC. She has an excellent retail and regional economic development background, and manages our loan programs and Enterprise Zone.

w 309 494-8646 c 309 645-0547


Stephanie Grayson Doss is our administrator, also working as a Development Specialist with 5 years with the department. She has an excellent knowledge of the city, public relations, and marketing.

w 309 494 8641 c 309 472 1335




MAJOR ASSIGNMENTS

Susan Schlupp is the lead specialist for a number of programs, including:
Real Estate Management
Budget
Project Management
Business Retention & Financial Incentive Programs
Enterprise Zone – Sales Tax, Property Tax Abatement, DZO

__________________

Bobby Gray is the lead specialist a number of programs, including:
TIF
Southern Gateway
Warehouse
Hotel and Hospitality Improvement Zone
Renaissance Park

__________________

Rachael Parker is the lead specialist a number of programs, including:
Façade Programs
Business Development Loans
Opportunity Center Project – Mixed Use Incubator
Impact Zones (School / Neighborhoods)
Enterprise Zone – Sales Tax

__________________

Stephanie Grayson Doss is the lead on
Administration
Software
Finance
Payroll
Commission & Committees


HULLINGER PROJECTS - WHO WILL ASSUME

Susan Schlupp

Real Estate Management
Council Exec sessions buy and sell real estate
Developer recruitment
Lawcon Grant – land replacement
Business Retention
Budget
Financial Incentive Programs
Developer recruitment
Advertising Enterprise Zone
Sales Tax, Property Tax,
DZO

Bobby Gray

PHA
Taft Redevelopment
Rivertrail Drive
Tax Increment Financing (TIF) – All ten
Southern Gateway
New Market Tax Credits
Hotel Improvements
BDD
Sustainable Development Park Green Energy Grants
Rachael Parker
Enterprise Zone
Sales Tax
Façade Programs
Business Development Loans
Opportunity Center Project – Mixed Use Incubator
Impact Zones (Sc
-hool / Neighborhoods) Retail Site Marketing Grants

Save The Date December 7, 2009 2:00 pm

PEORIA SUSTAINABILITY FORUM

The Commission on Sustainability and Green Technology will present their reports to Mayor Ardis and the City Council at the Peoria Sustainability Forum. The meeting will be held Monday December 7, 2009 at 2:00 pm at the Gateway Building.
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The report will outline the work of the five Committees who have studied how to "green" our city and region. Short presentations from each committee chair will be made.
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Everyone interested in this issue is invited to attend.
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Nov 5, 2009

40 Leaders Under 40 Honored



Congratulations to the 40 leaders under 40 recognized last night, especially our leaders in Economic Development and Government:


Chris Setti - City of Peoria

http://www.peoriamagazines.com/ibi/2009/nov/christopher-setti

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Jessica Moroz - Heartland EDC

http://www.peoriamagazines.com/ibi/2009/nov/jessica-moroz

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Scott Sorrel - County of Peoria

http://www.peoriamagazines.com/ibi/2009/nov/scott-sorrel

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Jennifer Daley - Morton Economic Development Council

http://www.peoriamagazines.com/ibi/2009/nov/jennifer-daly

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Pamela Anderson - City of Pekin


http://www.peoriamagazines.com/ibi/2009/nov/pamela-anderson


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More info at:

http://www.peoriamagazines.com/

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Nov 4, 2009

New Market Tax Credits

Some Good News from Vice President Jerome Sullivan of the Great Lakes Capital Fund.

Great Lakes Capital Fund is a not for profit organization that applied for New Market Tax Credits to assist the Build the Block and Hotel projects in Peoria

They received $26,000,000 in New Market Tax Credits. Mr Sullivan will advise the city on the next steps.


The general guidelines are driven by the requirements of the U. S. Treasury department. Great Lakes Capital will use the New Markets Tax Credit allocation to provide a below market interest rate (and interest only) loan for 7 years. Final pricing will be determined based upon future interest rates but rates currently would be fixed at 3% to 4% interest rate.

Additionally, Great Lakes would allow for higher Loan to Value levels.

Downtown Peoria fits most of the categories below:

1) Projects are located in Low Income Communities. These are generally Census Tracts that are eligible for Community Development Block Grants funds.

2) serve low-income residents… i.e. if a project isn’t located in a LI Census Tract, but will provide jobs, goods & services to Low Income Residents, that could qualify as well

3) create jobs (esp. jobs for low income residents). A manufacturing operation that relocates to a LI Census Tract (or expands its facility that’s already in a LI area, would be a prime investment). Hotels provide jobs, neighborhood shopping centers provide jobs, goods & services, … etc.

4) revitalize low income communities (i.e. a mixed use project in a neighborhood or small town commercial district .. commercial 1st floor & apartments above).

5) Green developments (LEED certified and/or Alternative Energy projects)

6) Rural developments

7) At least $5 million in Total Dev. Costs


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“GREEN” SCULPTURE PARK - PEORIA, ILLINOIS

The City of Peoria has many quality sculptures. The City is also leading the expansion of “Green” Technology and Sustainability. A Green Sculpture Park could be developed that would be artistic and “green”, incorporating recycled materials, wind and solar energy, etc. into the design.




A program modeled on the successful Sioux Falls, South Dakota program could be created.
www.sculpturewalksiouxfalls.com . Each year new sculptures are displayed in downtown for one year, and become a tourist attraction. After one year the sculptures are replaced by new sculptures. The sculptures are for sale and people vote for their favorite.










The Civic Center could sponsor this event, with sculptures mounted in Civic Center green space. As the event grew it could cascade down Fulton and on to the Build the Block Campus. http://buildtheblock.com.

The sculptures would be a major tourist attraction.





The Green Sculpture Park Could start small on the green space at the Civic Center, then expand down Fulton Street to Build the Block and the River.
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125,000 Square Foot Building To Purchase

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We have had an inquiry for a 125,000 sq. ft. building to purchase that is currently office space or something that can EASILY be retrofitted to office space. That is all we know.

If you know of a building that would work, please contact Beth Kolowski at The Economic Development Council for Central Illinois

The Heartland Partnership
100 SW Water Street
Peoria, IL 61602-1329
309-495-5973 - Office
309-256-9011 - Cell
www.edc.centralillinois.org

The EDC for Central Illinois is now on FACEBOOK! Join Facebook and become an EDC fan today.

Nov 3, 2009

TIF WORKS - TAX INCREMENT FINANCING PLAYS IN PEORIA











The City Council of Peoria has approved three tax increment financing districts in the last two and one half years. A total of seventeen (17) buildings have been approved for development or redevelopment in the three new and one existing TIF’s.






































Total investment in the buildings will be approximately $178,000,000, creating over 1,000 jobs.


This during the “Great Recession”.
And there are many more buildings in the works.

* Buildings Completed *

Warehouse TIF

LaVille De Maillet, L.L.C. *

JP Riverfront Development Comp, Inc. (Sullivan) Sealtest

Iron Front, L.L.C., (Huber) 408 Washington

Iron Front, L.L.C., (Huber) 412 Washington

Iron Front, L.L.C., (Huber) 420 Washington

Edgewater Building (Huber) River

Fastenal Company *

Drumheller Properties L.L.C *

D & B Developers, L.L.C. (Waterstreet Solutions)

B & L Sales *

Southtown TIF

Illinois Medical Clinic *
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Long Term Acute Health Care Facility Cullinan *


HIZ TIF

HIZ Pere Marquette Mariott Hotel

Eagleview

Behr Peoria, Inc. *

Martco, LTD (Laser Electric) *
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Pulaski Express/Adams Street Supermarket *

JWE Properties/Engler Meier & Justice (Westmont) *
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Oct 28, 2009

Search for Engineering Design Center- 30K SF Office

Search for Engineering Design Center - 30K SF Office for Lease



An engineering and technical services firm is seeking a facility in Illinois to establish a new engineering design center. The company plans to employ 200+ workers.

Facility requirements:
� 30,000 square feet of office space for lease
� T-1 data communication line
� Controlled Environment for Servers; e.g., IT Center/Computer Control Room
� Electronic controlled security system; that is, an electronic system to control worker and other individuals entry into the company's premises


Location requirement: proposed facilities must be within a 30 minute driving distance of a university with engineering programs in mechanical and electrical engineering. The company will employ graduates of engineering programs as well as utilize current students. The company will also be interested in employing graduates and students of community college engineering programs as well.


Due to the engineering school requirement and other factors your regions and county (DeKalb) have been targeted. (The company is not interested in the Chicago Metro area because they are seeking a low cost location.)

Planned workforce breakdown:
25% mechanical engineers
25% electrical engineers
50% software related

Project timeframe:
� By the end of November identify a site
� December 2009 sign a lease and thereafter begin transforming the space to their specific requirements
� January commence operations in the facility

Please submit via e-mail information on facilities satisfying the above requirements and enrollment and graduate data for mechanical and electrical engineering programs within 30 minutes of the facility to
david.pierson@illinois.gov by November 3, 2009. If information is available on graduates and students with backgrounds in software development for manufacturing applications, that would be helpful as well. Lastly, if there are incentives that may apply for this project, please identify them in the response.

Thank you in advance.

Dave

Dave Pierson
Economic Development Representative
IL Dept. of Commerce and Economic Opportunity
100 W. Randolph St., Suite 3-400
Chicago, IL 60601
Phone: 312-814-1346
Fax: 312-814-5247
E-mail:
david.pierson@illinois.gov

Oct 27, 2009

Warehouse Brochure Map Updated







Warehouse Brochure Map Updated.

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Your update suggestions or corrections will be appreciated.

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CONGRATULATIONS TO THE DEVELOPERS OF THE SEALTEST BUILDING

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City Council approved this great redevelopment unanimously 9-0.

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This is the 16th building approved for redevelopment or development with the last three years in the Tax Increment Financing (TIF) Districts - this during the Great Recession.
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Click on the links below for more info:

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Oct 24, 2009

Urbanophile



Check out The Urbanophile. A great Web Page / Blog, focused on helping America’s cities find ways to thrive and find sustainable success in the 21st century. The Urbanophile focuses on midwestern cities.

Oct 23, 2009

Build the Block Riverfront Solar Project


Build the Block Riverfront Solar Project

American Recovery and Reinvestment Act
Community Renewable Energy Program




The Sustainable Development Commission is leading an effort to secure a Federal Grant to install solar power to support the Build the Block development. This Public Private Partnership is a collaboration among the City of Peoria, Peoria County, Caterpillar Inc., Build the Block, our regional Economic Development Commission, and our Commission on Sustainability and Green Technology. Build the Block is a complex public private partnership aimed at redeveloping a two square block site in downtown Peoria next to the River and Caterpillar Corporate Headquarters.

Build the Block:
http://buildtheblock.com/


County of Peoria: http://www.co.peoria.il.us/


Lakeview Museum: http://www.lakeview-museum.org/

The City has purchased the two block site. Caterpillar has demolished the buildings and cleared the site. Environmental studies on the site are complete. The citizens of Peoria County have voted for a referendum approving a new special sales tax that will generate $40,000,000 for the development. The Lakeview Museum has conducted an extensive fund raising campaign.

The City will reconstruct three adjoining roads. The underground parking garage will be constructed first. The Museum will be built on the south side of the Block. The Caterpillar Visitor Center will be constructed on the north side of the Block, and is planned to be a LEED Platinum Building. Total investment is estimated at over $140,000,000.

The Museum and entire site will be a premier destination, with public art and green technology extensively employed.This grant is coordinated with a similar grant submitted by Caterpillar. The two grants if awarded will be developed as part of the ongoing public private partnership.

The city proposes sites both on and off the build the block sites. Solar power would be provided to Build the Block and the City owned Visitor Center Building at Main Street and the River. This
small building is the oldest commercial building in the City, is in a very visible location, and with one solar tracker collector can become a “Net Zero” Building, generating more power then it consumes. This will be explained by a display and sign at the Visitor Center, with a meter showing the amount of energy produced.





Congratulations to Doug Oberhelman

Congratulations to Doug Oberhelman - Board Names him Vice Chairman and Chief Executive Officer – Elect


PEORIA, IL – The Board of Directors of Caterpillar Inc. (NYSE: CAT) elected Douglas
R. Oberhelman to the offices of Vice Chairman and Chief Executive Officer – Elect, effective January 1, 2010. Oberhelman, 56, currently serves as Group President of Caterpillar


That is great news for the effort to make Peoria a leader in Sustainability and Green Technology. Oberhelman is a champion of sustainability.




Oct 22, 2009

TIF Works - Warehouse District up 11%


The graph and chart below show how effectively the two new Tax Increment Financing Districts (TIF's) have worked. Despite "The Great Recession of 2007-2009", Equalized Assessed Evaluation (EAV) has grown very rapidly in the TIF's, faster then the City as a whole and faster then School District 150. 150 lags the City because it's boundary misses the rapidly developing north side of the City.


We believe these numbers support the continued use of Tax Increment Financing. We want our older neighborhoods to thrive and improve, and TIF is one of the best ways to help that process.


Sealtest Building Latest Warehouse Redevelopment


Great new redevelopment up for approval by the City Council on October 27, 2009. The development is mixed use, with residential condos, office, and commercial.

This is the forteenth building approved for redevelopment in the three new TIF's over the past two years, despite the "Great Recession". And there is more to come. Stay tuned.
























The Sealtest building on Washington and Street is proposed for a redevelopment agreement. The building will be converted to commercial and residential in conformance to the Heart of Peoria Plan, the Warehouse District Redevelpment Plan, and the Form Based Code.

REQUEST FOR COUNCIL ACTION


Agenda Date Requested: October 27, 2009

Action Requested: APPROVAL TO ENTER INTO A TIF REDEVELOPMENT AGREEMENT WITH JP RIVERFRONT DEVELOPMENT COMPANIES, INC. TO RECONSTRUCT THE SEALTEST BUILDING LOCATED AT 100 STATE STREET A TWO STORY 50,000 SQUARE FOOT BUILDING AND AUTHORIZE THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS. THIS PROJECT IS LOCATED IN THE WAREHOUSE DISTRICT TIF. (COUNCIL DISTRICT 1)

Background: The Redeveloper plans to completely reconstruct the Sealtest Building located at 100 State Street. The structure is a two story 50,000 square foot building. It will be reconstructed into a first class mixed development. Renovations to include but not limited to, a complete reconstruction and bringing the building into compliance with governing codes for accessibility, fire and structural safety. The Redeveloper will also design, bid and construct Oak Street to City specifications/requirements and be reimbursed by the City on completion.

Financial Impact: JP riverfront Development Companies, Inc. is asking for a TIF Redevelopment Agreement with a 50/50 split of the property tax for the life of the TIF. Conservative estimates indicate property tax on the increment would result in a total of $1,255,241 over the life of the TIF with $627,620 going to the City for infrastructure improvements (Exhibit A). The property is located in the Enterprise zone and the company is eligible to receive the sales tax exemption on building materials that is estimated to be $128,000; the City’s portion being $40,000.

NEIGHBORHOOD CONCERNS: Staff is not aware of any neighborhood concerns.

Impact if Approved: The City will enter into a redevelopment agreement with JP Riverfront Development, Inc. which will provide them with an incentive to redevelop and renovate the property. The redeveloper will receive 50% of the property tax increment over the life of the TIF and the City will capture the remaining 50% of the property tax increment to utilize for infrastructure improvements.

Impact if Denied: The City will not enter into the redevelopment agreement and the City will not capture the property tax for infrastructure improvements.

Alternatives[1]: None

EEO Certification Number: 02942-101231

RELATIONSHIP TO THE COMPREHENSIVE PLAN: This project assists in achieving both the vision and goals of the Comprehensive Plan as follows:

Chapter 5 ECONOMICS--VISION: A HEALTHY, THRIVING ECONOMY; and GOAL: A.1. Provide an economic environment that supports existing and new businesses. A1.8. Consider providing public money to encourage private investment.

Required Signatures

Department Director

Craig Hullinger

Finance Director

(Certification of Availability of Funds)

Corporation Counsel

City Manager