This great new building is proposed by the Devonshire Group on the site of the closed Walgreen's on Main Street. They and we are requesting that School District 150 rejoin the Enterprise Zone so that they can get property tax abatement to assist the project. This does not cost 150 any money - the State makes up the difference, althought there is a time delay in getting the money.
This new $24,000,000 development would bring in new people, sales tax, property tax, and urban revitalization into the Heart of Peoria and Renaissance Park. We strongly support it.
WMBD/WYZZ TV did a good job explaining this issue.
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