City Holds Public Hearing on South Village TIF District
By: Alexandra Sutter WMBD/WYZZ
Updated: February 11, 2013
PEORIA - South Side residents are
hoping a new tax increment financing district will help to improve the south
end of town.
More than 100 people attended a public
hearing this evening to get more information about the South Village TIF plan.
The city said implementing a TIF
district will help to fund public improvements and promote redevelopment in the
area.
One resident said she's glad the city
is stepping in. Robin Berry said, "There
hasn't been any economic development on the south end of Peoria for years. If
you take a look at some of those areas, those commercial strips like Western or
Adams I mean it's like a desert."
The city
said no final plans are in place yet. Monday's hearing was only to bring the
public up to speed.
