Pekin Council approves Court Street TIF district
Pekin Council approves Court Street TIF district Pekin Daily Times The Pekin City Council approved the creation a Pekin Court Street tax-increment financing district during Monday’s meeting. Following Illinois Route 29 at the Pekin city limits, the Court Street TIF district encompasses the city’s Court Street and Derby Street commercial corridors. According to Pekin City Manager Mark Rothert, the use of Tax Increment Financing along the city’s major commercial corridors will help address such issues as deteriorating infrastructure; blight and deterioration; and an economic downturn agg...