The longtime executive director of the Peoria Public Building Commission is retiring December 1st. The members of the commission are talking about the future needs of the organization and what the position might call for when they hire a new chief.
Jim Thornton is retiring after nearly 25 years in the position. He’s 83 and part of a two person office.
The PBC can bond out for certain public building projects up to five-percent of the annual property EAV, minus its current bond load.
The PBC has a remaining bonding potential of about $17 million as of November first. It also no longer has bonding authority for education building projects, that’s been the vast majority of its work for roughly the last decade.
The seven members of the commission are planning to talk with their appointing bodies about how they might proceed hiring a new director, and a three person search committee is established.