Sep 18, 2011

Worst Timing Award

In 2009 I was fortunate enough to win the coveted Worst Timing Award for my support for an Enterprise Zone incentive for a new building on Main Street in Peoria.  The Peoria Journal Star and the Peoria Chronicle opposed the incentive.

To successfully lead redevelopment city officials must take some risks even though they know they will be criticized in the media and on blogs. Local governments provided a limited four year incentive on property taxes to help obtain a permanent tax paying development.

The building is now completed, adding jobs, property tax, utility tax and hopefully sales tax to our economy. It was built during this tough economy in part because of the incentives provided.  It stimulates an older neighborhood in the Heart of Peoria. It brings life and vitality to an area that had been in decline for many years and shows that our older neighborhoods can be renewed.

I thought it was the right thing to do then and now and I am proud to have won the award.