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Repair, renovate, restore: how communities support growth with TIF funding

Repair, renovate, restore: how communities support growth with TIF funding
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'The City Finally Has a Future:' Pekin Pins Revitalization Hopes on New Business District

Tim Shelley / Peoria Public Radio
The Pekin City Council approved the creation of a new Business Development District along the Court Street Corridor.
Council members didn t mince words Monday night, saying the city s previous reluctance to offer such incentives led to major retail developments heading instead to Peoria and East Peoria.
This is an opportunity that hasn t come our way in a couple decades, said Pekin Mayor Mark Luft. And if we pass up this opportunity, we re either going to stay completely idle - where you see Pekin right now - or it s going to continue to move backwards. And that s just the reality of it. ....

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