TIF Districts spur revitalization of older neighborhoods,
increasing tax base and jobs. Successful projects include:
Cranes & Equipment
First Capital Bank
IL Assn. of Neurosurgery
Renal Care Center
Spring Grove Residential
U. of I. College of Medicine
Valley Park Shopping Cntr.
Valeska Hinton School
More info on TIF at
Hospitality Improvement Zone
The cities of Tinley Park, East Peoria, and Normal have developed high quality conference centers and hotels which draw business from Peoria. Springfield’s attractiveness has been greatly enhanced by the Lincoln Museum. These improved competitors all received substantial assistance from government, and will draw business from downtown Peoria.
Our downtown hotels and other hospitality industry business struggle to compete with these quality new developments. The City can choose to compete or not to compete. The proposed Hospitality Improvement Zone would assist existing and new businesses invest, improve, and expand.
City Council has directed staff to present the potential HIZ TIF to our sister governments, and request their input and direction. We also ask our citizens to send us their recommendations. Thank you for your consideration. We appreciate your viewpoint.
Send comments or questions to Craighullinger@gmail.com
309 643 0482 More info at http://www.peoriaed.blogspot.com/