Sep 21, 2010

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 buildings in the works, waiting for better economic conditions.

                         TIF  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 and B Developers, L.L.C. (Waterstreet Solutions) *
B and L Sales *

Southtown TIF
Illinois Medical Clinic *
Long Term Acute Health Care Facility Cullinan *
Cancer Research Center

Hospitality Improvement Zone
Pere Marquette Mariott Courtyard Hotel

Eagleview
Behr Peoria, Inc. *
Martco, LTD (Laser Electric) *
Pulaski Express/Adams Street Supermarket *
JWE Properties/Engler Meier and Justice (Westmont) *

CBD
Caterpillar Visitor Center
Riverfront Museum


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