Thursday, October 9, 2008

Recent TIF Deals

Great new Illinois Medical Clinic on Main Street in the Southtown TIF. The plan, and reality in October 2008. But for the TIF incentive, the development would not have taken place in the older area of Peoria. This great development brings jobs and taxes to the Heart of Peoria.  The TIF is over in 2013, and all the property taxes in the Southtown TIF will then be paid to the taxing bodies.

Recent TIF Improvements

Long Term Acute Health Care Facility - Garrett and Hightower in the Southtown TIF

Westmont Builders - Eagle View TIF on Adams Street- Great new Company

Recent TIF Improvements

Lazer Electric in Eagle View TIF on Adams

Fastenal on Jefferson in Warehouse District TIF

Adams Street Market - Unfortunately they are not all successful. No one ever said
redeveloping older neighborhoods is easy. Or if they did, they were wrong. Looking for another developer for this property.

Behr completed a great improvement on the older Recycling Center in the Eagle View TIF.