Summary
Bloomington's ghost town of a mall is finally getting a makeover into an outdoor shopping and mixed-use hub by an East Peoria developer. The city council is currently weighing tax perks and a loan guarantee to get the multi-million dollar project moving faster.
At a glance
- Total mentions
- 1
- Last 30 days
- 1
Impact analysis
Taxpayers might see public funds tied up in loan guarantees and tax breaks, but a successful overhaul could drastically boost local property and sales tax revenues.
Local shoppers get a cool new hangout spot, and the developer gets a financial boost to turn a dead retail space into a cash cow.
No groups negatively affected
Mentions & discussions (1)
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