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Peoria Plans TIF Expansion on Sterling Avenue | Peoria News
Peoria’s city council is pushing to expand a tax-increment financing district along Sterling Avenue, targeting the long-vacant Kroger site and surrounding commercial spaces to jumpstart redevelopment and bring back essential services like grocery stores. The proposed zone stretches from Glen Avenue to Newman Parkway, using TIF funds—generated by new development—to reinvest in the area without burdening current property owners. Residents can weigh in at a public hearing this Wednesday at 6 PM at Holy Family Church as the city aims to revitalize neglected corridors and restore vibrancy to…
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