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Repairs and improvements needed at the prominent Twin Towers Place condominiums in Downtown Peoria are set to proceed after a city-backed financing plan gained approval.
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In late April, the Peoria City Council approved an ordinance formally proposing the Twin Towers Place Special Service Area. Tower residents petitioned the city to create the SSA to generate the estimated $2.5 million needed for repairs and renovations.
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Why Peoria is considering helping Twin Towers Place cover costs of necessary repairs and renovationsCity Manager Patrick Urich points out that no money has been allocated quite yet. Rather, the city may look to establish a special service area to generate the estimated $2.5 million in funding.