City Planning did not make the top 50.
I concur with their assessment.
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.
- 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
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.
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.
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.
My new phone number is 309 634 5557
My email remains the same
My wife Beth Ruyle and I are starting a small consulting firm in Peoria.
Read all about it at:
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:
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
Susan Schlupp is the lead specialist for a number of programs, including:
Real Estate 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:
Hotel and Hospitality Improvement Zone
Rachael Parker is the lead specialist a number of programs, including:
Business Development Loans
Opportunity Center Project – Mixed Use Incubator
Impact Zones (School / Neighborhoods)
Enterprise Zone – Sales Tax
Stephanie Grayson Doss is the lead on
Commission & Committees
HULLINGER PROJECTS - WHO WILL ASSUME
Real Estate Management
Council Exec sessions buy and sell real estate
Lawcon Grant – land replacement
Financial Incentive Programs
Advertising Enterprise Zone
Sales Tax, Property Tax,
Congratulations to the 40 leaders under 40 recognized last night, especially our leaders in Economic Development and Government:
Chris Setti - City of Peoria
Jessica Moroz - Heartland EDC
Scott Sorrel - County of Peoria
Jennifer Daley - Morton Economic Development Council
Pamela Anderson - City of Pekin
More info at:
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
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.
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
The EDC for Central Illinois is now on FACEBOOK! Join Facebook and become an EDC fan today.
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 *
Illinois Medical Clinic *
HIZ Pere Marquette Mariott Hotel
Behr Peoria, Inc. *
Martco, LTD (Laser Electric) *
JWE Properties/Engler Meier & Justice (Westmont) *
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.
� 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
� 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 email@example.com 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.
Economic Development Representative
IL Dept. of Commerce and Economic Opportunity
100 W. Randolph St., Suite 3-400
Chicago, IL 60601
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.
Community Renewable Energy Program
Build the Block: http://buildtheblock.com/
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 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
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.
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.
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.
(Certification of Availability of Funds)
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