Downtown Development Corporation of Peoria

Chris Waible is nearly four months into his new position as the president and CEO of Peoria's nonprofit Downtown Development Corporation. He joins the effort to restore vibrancy to Peoria's downtown amid a glut of vacant office space and a need for reinvestment — an opportunity he's eager to tackle.

Peoria recently agreed to spend $1.75 million to buy the downtown PNC Bank Building, along with an adjoining office building and parking deck. In part one of our latest monthly interview with Peoria Mayor Rita Ali, she explains the benefits of the acquisition.

A ribbon-cutting ceremony Wednesday marked the opening of the $29 million mixed-use Adams & Oak redevelopment that includes 90 residential rental units along with 10,000 square feet of retail space.

Demand for rental housing units in downtown Peoria and the Warehouse District appears to be strong - and still growing.

Despite challenges posed by the pandemic, Downtown Peoria will see residential growth in 2021.Michael Freilinger, executive director and CEO of the Peoria…

The Peoria Downtown Development Corporation (DDC) is seeking a property tax increase for businesses located in the downtown area. The DDC proposal would…