The City of West Peoria has one Tax Increment Financing (TIF) District established in 2005. West Peoria’s TIF district includes all of Cedar

and Western Avenues; the Sterling and Rohmann intersection; the southern side of Callender Avenue and parts of Heading Avenue.

TIF Map

Tax Increment Financing (TIF) is a mechanism for local governments

to stimulate economic development or redevelopment. In a TIF district,

taxes generated from new investment are captured and invested back

into the area to promote development.

The City provides TIF assistance to developers and business owners

by entering into redevelopment agreements. TIF can be used as a tool

to attract new businesses, help existing businesses, or help improve

deteriorating areas within the TIF district without tapping into general

Goal 1:  Business Development - To visibly enhance Western Avenue

              at the Sterling-Rohmann intersection, encouraging economic  

              revitalization and creating an attractive environment for a thriving 

              business community. 

Goal 2:  Residential Development - To promote the beautification and 

              enhancement of blighted residential districts through rehabilitation

              projects.

Goal 3:  Public Infrastructure - To provide for an improved quality of life

              for residents located within the TIF district through public infra-

              structure projects.

Money generated from a Tax Increment Financing District in Illinois can be used for:

    Studies, surveys, development plans and related professional service costs –  

    architectural, engineering, legal, administrative.
   

    Land acquisition, demolition of buildings, site preparation and improvement, etc.
   

    Rehabilitation, reconstruction, or repair of buildings
   

    Construction of public infrastructure such as street, sidewalk, water, sanitary

    and/or sewer improvements

    Elimination or removal of contaminants and other impediments

    Job training and retraining

    A certain percentage of increased costs incurred by other taxing bodies (such

    as the school district) resulting from “TIF-assisted” redevelopment.

Please meet with City staff first to decide which program is more applicable to

     your project.  Program guidelines, application forms, and a list of TIF-eligible

projects and expenses can be picked up at City Hall or downloaded above.

Completed applications may be submitted at any time and are accepted on

a first-come, first-serve basis. Funding, in accordance with the re-

development agreement, will be released upon completion of project.

Business Owners and Developers

If you are interested in learning more

about TIF benefits or have any questions:

Please Contact:
Gene Pratt
Planning & Development Coordinator
Ph:  309-674-1993

Email: econ-dev@cityofwestpeoria.com