Wednesday, November 25, 2020 1:42 am

Peoria aims for new economic tools for P83

Stadium Point, the development planned for P83 in Peoria, could benefit from a new area designation | Via Peoria Independent

By Patrick O’Grady | Peoria Independent

Development in the P83 corridor will have more economic potential with the help of a new designation given to the area by the Peoria City Council.

In a unanimous vote on Tuesday, Sept. 8, the Council approved designated the area that includes P83 as a “central business district,” a move that will allow the use of a specialized property tax abatement to help lure in development.

Peoria Mayor Cathy Carlat said despite the area’s growth during the past 20 to 30 years, there are portions of it that continue to need help.

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