iBi - July 2010

It is inevitable that proposed new development will meet stiff opposition in the approval process.

As their children sleep an extra hour on the last Saturday in August before classes begin, a young couple plans their day’s activities. Their car would never move.

Benjamin Franklin, one of this country’s civic improvement pioneers and an architect of  the nation itself, wrote for his Poor Richard’s Almanack, “He that can have patience can have what he will.”

The City is very encouraged at the prospect of having the Plaza returned to local ownership.

While we continue to struggle with high vacancy rates and an abundance of warehouse space, retail, multi-family and medical office markets remain steady.

Collaboration is key to the strength of this region. At EDC, we see firsthand the value of both the public sector and private businesses working together.

TIF districts seem to be in the news on a daily basis, yet very seldom do you get the full story of how a TIF works and what benefits a city derives from it.

The United States EPA studied different LID sites across the nation and determined that the cost of LID is often less than the cost of conventional development.

We know that great people are doing great things in the region, but when you take a step back and really look at what is happening, it’s pretty amazing.

This summer, we will break ground on the new Cancer Research Facility, adding about 20,000 square feet of research laboratory space.

After nearly 40 years with no changes to its buildings, the Peoria Public Library has become a beehive of building activity in every section of town.

Construction and redevelopment projects continue at various sites at Bradley University and Illinois Central College.

The newly revamped center will function both as a school focused upon improving the lives of those with special needs and a commercial entity geared towards revitalizing the Sheridan Triangle area.

For building owners, saving taxes in 2010 may be as easy as 1-2-3.