By Audrey Jensen | Phoenix Business Journal
The city of Peoria has approved a new development agreement and is committed to spending up to $1.5 million for public infrastructure improvements for its Old Town area in the southern part of the city.
Last year, Peoria posted a request for proposals for redevelopment of several parcels for potential high-quality dining and entertainment options in a pedestrian-friendly environment. The city’s request called for proposals that prioritize top-tier or specialty restaurants, while the secondary use accepted would be specialty retail or multifamily.
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