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Peoria is on track to create two new tax increment financing districts aimed at facilitating economic growth, after language in one of the proposals was modified to address environmental concerns.
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City Manager Patrick Urich said the work to upgrade the pavement and sidewalks between Nebraska and McClure is expected to take around a year and a half.
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Residents and advocates concerned about how a potential new TIF district might impact Peoria’s Southside want city leaders to keep environmental and racial justice and equity factors in mind.
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The City of Peoria has several active tax increment financing (TIF) districts, established to facilitate projects aimed at building the tax base and bolstering the city's economy. But do TIFs really work the way they’re intended?
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One Peoria business is already in line to benefit from a possible new tax increment financing district the city is looking to create this year.
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With eyewear manufacturer Maui Jim expanding its operations in Peoria, area leaders are optimistic the move can spark additional economic growth. Greater Peoria Economic Development Council CEO Chris Setti says it's always encouraging when a business like this makes a long-term commitment to this community.
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In her latest monthly conversation with WCBU, Peoria Mayor Rita Ali discusses the planned Medina Plains business park, the proposed TIF District, and the related agreement with the Dunlap School District.
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Peoria City and County leaders are sharing their so-called “wish list” to area lawmakers. Peoria officials gathered Mon. at the annual legislative…
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School District 150 is asking for a share of the proceeds from Peoria’s proposed downtown Conservation Tax Increment Finance District. Peoria Public…