Happy 234th Birthday to the United States Marine Corps
TIF Plays in Peoria
TIF WORKS - TAX INCREMENT FINANCING PLAYS IN PEORIA
The City Council of Peoria has approved three tax increment financing districts in the last two and one half years. A total of eighteen (18) buildings have been approved for development or redevelopment in the three new and one existing TIF’s. 
Warehouse TIF
LaVille De Maillet, L.L.C. *
JP Riverfront Development Comp, Inc. (Sullivan) Sealtest
Iron Front, L.L.C., (Huber) 408 Washington
Iron Front, L.L.C., (Huber) 412 Washington
Iron Front, L.L.C., (Huber) 420 Washington
Edgewater Building (Huber) River
Fastenal Company *
Drumheller Properties L.L.C *
D & B Developers, L.L.C. (Waterstreet Solutions)
B & L Sales *
Eagleview
Behr Peoria, Inc. *
Martco, LTD (Laser Electric) *
JWE Properties/Engler Meier & Justice (Westmont) *
Total investment in the buildings will beapproximately $186,000,000, creating over 1,000 jobs.
This during the “Great Recession”.
And there are many more buildings in the works.
____Buildings Completed *
Warehouse TIF
LaVille De Maillet, L.L.C. *
JP Riverfront Development Comp, Inc. (Sullivan) Sealtest
Iron Front, L.L.C., (Huber) 408 Washington
Iron Front, L.L.C., (Huber) 412 Washington
Iron Front, L.L.C., (Huber) 420 Washington
Edgewater Building (Huber) River
Fastenal Company *
Drumheller Properties L.L.C *
D & B Developers, L.L.C. (Waterstreet Solutions)
B & L Sales *
Southtown TIF
Illinois Medical Clinic *
Illinois Medical Clinic *
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Long Term Acute Health Care Facility Cullinan *
Cancer Research Center
HIZ TIF
HIZ Pere Marquette Mariott Hotel
HIZ Pere Marquette Mariott Hotel
Eagleview
Behr Peoria, Inc. *
Martco, LTD (Laser Electric) *
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Pulaski Express/Adams Street Supermarket *
JWE Properties/Engler Meier & Justice (Westmont) *
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Ruyle Hullinger and Associates
City Planning and Economic Development Consulting Services
More info at:
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Update on the Economy
An update on the Economy from the EDC and Bradley University Economist Dr. Lewer.
http://www.edc.centralillinois.org/news/update-economy-bradley-university-economist-dr-joshua-j-lewer
Thanks for the Past Four Years
Thanks for a great retirement party yesterday, and for making my tour of duty with the City of Peoria very interesting and rewarding. I thoroughly enjoyed working for the City, and look forward to continuing to help the economic development and improvement of the City and the region as a citizen volunteer.
I believe we made the city a little better with our efforts to revitalize the Heart of Peoria. Many more projects are in the works, and will be developed in the next few years as we come out of the Great Recession.
http://www.pjstar.com/news/x1128384646/Citys-economic-development-head-to-retire
My new phone number is 309 634 5557
My email remains the same
hullingerc@gmail.com
My wife Beth Ruyle and I are starting a small consulting firm in Peoria.
Read all about it at:
http://ruhu12.com
Pronounced Ru, hu, 1 , 2
I will keep all the Peoria Blogs that I have started up as a public service.
I will continue to post to the blogs under:
http://peoria.blog.com
http://cityofpeoria.blogspot.com
My new phone number is 309 634 5557
My email remains the same
hullingerc@gmail.com
My wife Beth Ruyle and I are starting a small consulting firm in Peoria.
Read all about it at:
http://ruhu12.com
Pronounced Ru, hu, 1 , 2
I will keep all the Peoria Blogs that I have started up as a public service.
I will continue to post to the blogs under:
http://peoria.blog.com
http://cityofpeoria.blogspot.com
TURN OVER FILE - DIRECTOR OF ECONOMIC DEVELOPMENT
Craig Hullinger AICP retires from the City of Peoria 6 November 2009. This is the summary of the turn over file. The Department has outstanding people - three economic development specialists and an administrative assistant.
Feel free to call or email anytime:
309 634 5557 Hullingerc@gmail.com http://ruhu12.com/
Susan Schlupp has 11 years total with the department during two different periods, and 16 years total with the city. She has the most knowledge of Economic Development in the city, and is the senior person in the department.
w 309 494 8644
Bobby Gray has over 3 years with the Department and 5 with the city. He is very capable. He has a very substantial knowledge of the city, and is the second senior specialist in the department.
w 309 494 8641 c 309 645 5744
Rachael Parker has 3 years with the Department and 8 years with the EDC. She has an excellent retail and regional economic development background, and manages our loan programs and Enterprise Zone.
w 309 494-8646 c 309 645-0547
Stephanie Grayson Doss is our administrator, also working as a Development Specialist with 5 years with the department. She has an excellent knowledge of the city, public relations, and marketing.
w 309 494 8641 c 309 472 1335
MAJOR ASSIGNMENTS
Susan Schlupp is the lead specialist for a number of programs, including:
Real Estate Management
Budget
Project Management
Business Retention & Financial Incentive Programs
Enterprise Zone – Sales Tax, Property Tax Abatement, DZO
__________________
Bobby Gray is the lead specialist a number of programs, including:
TIF
Southern Gateway
Warehouse
Hotel and Hospitality Improvement Zone
Renaissance Park
__________________
Rachael Parker is the lead specialist a number of programs, including:
Façade Programs
Business Development Loans
Opportunity Center Project – Mixed Use Incubator
Impact Zones (School / Neighborhoods)
Enterprise Zone – Sales Tax
__________________
Stephanie Grayson Doss is the lead on
Administration
Software
Finance
Payroll
Commission & Committees
HULLINGER PROJECTS - WHO WILL ASSUME
Susan Schlupp
Real Estate Management
Council Exec sessions buy and sell real estate
Developer recruitment
Lawcon Grant – land replacement
Business Retention
Budget
Financial Incentive Programs
Developer recruitment
Advertising Enterprise Zone
Sales Tax, Property Tax,
DZO
Bobby Gray
Feel free to call or email anytime:
309 634 5557 Hullingerc@gmail.com http://ruhu12.com/
Susan Schlupp has 11 years total with the department during two different periods, and 16 years total with the city. She has the most knowledge of Economic Development in the city, and is the senior person in the department.
w 309 494 8644
Bobby Gray has over 3 years with the Department and 5 with the city. He is very capable. He has a very substantial knowledge of the city, and is the second senior specialist in the department.
w 309 494 8641 c 309 645 5744
Rachael Parker has 3 years with the Department and 8 years with the EDC. She has an excellent retail and regional economic development background, and manages our loan programs and Enterprise Zone.
w 309 494-8646 c 309 645-0547
Stephanie Grayson Doss is our administrator, also working as a Development Specialist with 5 years with the department. She has an excellent knowledge of the city, public relations, and marketing.
w 309 494 8641 c 309 472 1335
MAJOR ASSIGNMENTS
Susan Schlupp is the lead specialist for a number of programs, including:
Real Estate Management
Budget
Project Management
Business Retention & Financial Incentive Programs
Enterprise Zone – Sales Tax, Property Tax Abatement, DZO
__________________
Bobby Gray is the lead specialist a number of programs, including:
TIF
Southern Gateway
Warehouse
Hotel and Hospitality Improvement Zone
Renaissance Park
__________________
Rachael Parker is the lead specialist a number of programs, including:
Façade Programs
Business Development Loans
Opportunity Center Project – Mixed Use Incubator
Impact Zones (School / Neighborhoods)
Enterprise Zone – Sales Tax
__________________
Stephanie Grayson Doss is the lead on
Administration
Software
Finance
Payroll
Commission & Committees
HULLINGER PROJECTS - WHO WILL ASSUME
Susan Schlupp
Real Estate Management
Council Exec sessions buy and sell real estate
Developer recruitment
Lawcon Grant – land replacement
Business Retention
Budget
Financial Incentive Programs
Developer recruitment
Advertising Enterprise Zone
Sales Tax, Property Tax,
DZO
Bobby Gray
PHA
Taft Redevelopment
Rivertrail Drive
Tax Increment Financing (TIF) – All ten
Southern Gateway
New Market Tax Credits
Hotel Improvements
BDD
Sustainable Development Park Green Energy Grants
Rachael Parker
Enterprise Zone
Sales Tax
Façade Programs
Business Development Loans
Opportunity Center Project – Mixed Use Incubator
Impact Zones (Sc
-hool / Neighborhoods) Retail Site Marketing Grants
Save The Date December 7, 2009 2:00 pm
PEORIA SUSTAINABILITY FORUM 
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The Commission on Sustainability and Green Technology will present their reports to Mayor Ardis and the City Council at the Peoria Sustainability Forum. The meeting will be held Monday December 7, 2009 at 2:00 pm at the Gateway Building.
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The report will outline the work of the five Committees who have studied how to "green" our city and region. Short presentations from each committee chair will be made.
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Everyone interested in this issue is invited to attend.
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Thursday, November 5, 2009
40 Leaders Under 40 Honored
Congratulations to the 40 leaders under 40 recognized last night, especially our leaders in Economic Development and Government:
Chris Setti - City of Peoria
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Jessica Moroz - Heartland EDC
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Scott Sorrel - County of Peoria
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Jennifer Daley - Morton Economic Development Council
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Pamela Anderson - City of Pekin
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Wednesday, November 4, 2009
New Market Tax Credits
Some Good News from Vice President Jerome Sullivan of the Great Lakes Capital Fund.
Great Lakes Capital Fund is a not for profit organization that applied for New Market Tax Credits to assist the Build the Block and Hotel projects in Peoria
They received $26,000,000 in New Market Tax Credits. Mr Sullivan will advise the city on the next steps.
The general guidelines are driven by the requirements of the U. S. Treasury department. Great Lakes Capital will use the New Markets Tax Credit allocation to provide a below market interest rate (and interest only) loan for 7 years. Final pricing will be determined based upon future interest rates but rates currently would be fixed at 3% to 4% interest rate.
Additionally, Great Lakes would allow for higher Loan to Value levels.
Downtown Peoria fits most of the categories below:
1) Projects are located in Low Income Communities. These are generally Census Tracts that are eligible for Community Development Block Grants funds.
2) serve low-income residents… i.e. if a project isn’t located in a LI Census Tract, but will provide jobs, goods & services to Low Income Residents, that could qualify as well
3) create jobs (esp. jobs for low income residents). A manufacturing operation that relocates to a LI Census Tract (or expands its facility that’s already in a LI area, would be a prime investment). Hotels provide jobs, neighborhood shopping centers provide jobs, goods & services, … etc.
4) revitalize low income communities (i.e. a mixed use project in a neighborhood or small town commercial district .. commercial 1st floor & apartments above).
5) Green developments (LEED certified and/or Alternative Energy projects)
6) Rural developments
7) At least $5 million in Total Dev. Costs
Great Lakes Capital Fund is a not for profit organization that applied for New Market Tax Credits to assist the Build the Block and Hotel projects in Peoria
They received $26,000,000 in New Market Tax Credits. Mr Sullivan will advise the city on the next steps.
The general guidelines are driven by the requirements of the U. S. Treasury department. Great Lakes Capital will use the New Markets Tax Credit allocation to provide a below market interest rate (and interest only) loan for 7 years. Final pricing will be determined based upon future interest rates but rates currently would be fixed at 3% to 4% interest rate.
Additionally, Great Lakes would allow for higher Loan to Value levels.
Downtown Peoria fits most of the categories below:
1) Projects are located in Low Income Communities. These are generally Census Tracts that are eligible for Community Development Block Grants funds.
2) serve low-income residents… i.e. if a project isn’t located in a LI Census Tract, but will provide jobs, goods & services to Low Income Residents, that could qualify as well
3) create jobs (esp. jobs for low income residents). A manufacturing operation that relocates to a LI Census Tract (or expands its facility that’s already in a LI area, would be a prime investment). Hotels provide jobs, neighborhood shopping centers provide jobs, goods & services, … etc.
4) revitalize low income communities (i.e. a mixed use project in a neighborhood or small town commercial district .. commercial 1st floor & apartments above).
5) Green developments (LEED certified and/or Alternative Energy projects)
6) Rural developments
7) At least $5 million in Total Dev. Costs
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“GREEN” SCULPTURE PARK - PEORIA, ILLINOIS
The City of Peoria has many quality sculptures. The City is also leading the expansion of “Green” Technology and Sustainability. A Green Sculpture Park could be developed that would be artistic and “green”, incorporating recycled materials, wind and solar energy, etc. into the design. 
A program modeled on the successful Sioux Falls, South Dakota program could be created. www.sculpturewalksiouxfalls.com . Each year new sculptures are displayed in downtown for one year, and become a tourist attraction. After one year the sculptures are replaced by new sculptures. The sculptures are for sale and people vote for their favorite.
The Civic Center could sponsor this event, with sculptures mounted in Civic Center green space. As the event grew it could cascade down Fulton and on to the Build the Block Campus. http://buildtheblock.com.
The sculptures would be a major tourist attraction.
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