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Economic Development 101
 For Bradley U Engineers
Sustainable “Green” Development
Deep Recession

– High Unemployment


– Slow Recovery


– Possible Double Dip Recession
When the Going Gets Tough`

• The Tough Get Going

• Why Plan, When you can React?

• Figure out what to do, then just do it.
How Many Know
• A Lot about Economic Development?

• A Little about Economic Development?

• Never Heard of it - What is it?
Plan / Strategize
• Any Road will do when you don’t know
  where you are going

• Develop an Economic Development
  Strategy

• Use big but fast public strategy session
What’s Different Now?
•   Greater sense of urgency
•   Need to restore confidence
•   Need to incent entrepreneurs
•   Streamline / reduce regulation
•   Reduce fees
•   Provide Incentives
Major Public Session
•   Provides Input
•   Gets Citizen Participation
•   Creates Enthusiasm
•   Part of Your Comprehensive Plan
•   Provides Road Map for your Future
•   Get it done fast, publish, do it, refine
Sustainable Development
•
    "Development that meets the needs of the
    present without compromising the ability of
    future generations to meet their own needs."

• United Nations
KEEP
• Keep the Businesses You Have

• Expand your Businesses

• Enhance your town and attract new jobs

• Protect and improve your environment
Hard Times, But Progress
Illinois Medical Center
       The Plan
The Reality
OSF – The Plan
OSF Under Construction
Methodist Hospital – The Plan
Methodist Under Construction
Long Term Acute
Health Care Plan
Under Construction
Under Construction
Innovation Center - The Plan
The Reality
Pastoral Center
Lazer Electric
Heartland MSA
Airport Groundbreaking
Hospitality Improvement Zone
Trained & Capable
            Work Force

• Can’t keep and attract
• business without
• trained and capable workers
Full Service Mariott Hotel
Sustainable economic development
Sustainable economic development
Build The BLOCK !!!
Tax Increment
Financing Districts (TIFs)
  & an Enterprise Zone
Needs Some TLC
Sustainable economic development
Sustainable economic development
Sustainable economic development
Sustainable economic development
Poor area
Near downtown

Prime for
Redevelopment
Warehouse District
WAREHOUSE TO RENOVATE AT
  800 WASHINGTON STREET
Sustainable economic development
Sustainable economic development
Sustainable economic development
Sustainable economic development
Sustainable economic development
Sustainable economic development
Sustainable economic development
Create a Great Neighborhood
• Per the Heart of Peoria Plan
• Improve our Riverfront
Green Edge Plan

New park land
along River from
downtown to Grand
View Drive

Slow road along
River

New Housing to pay
for road
Make River’s Edge More Natural
Sustainable economic development
Area North of I-74
• Help revitalize the city.
• Create quality mixed use development.
• Develop an attractive scenic drive.
• Create quality new parkland.
• Improve the safety and usability of Riverfront Park.
• Provide housing opportunities in a park like atmosphere.




                     Examples of Homes
                   (housing opportunities)
CONCEPT PLAN
    Development would utilize about 100’ of land adjacent to railroad.
         Scenic overlook drive running the length of the development.
         Three access points; Irving Street, Morton Street & Spring Street.




Soil dredged from the river would
create new parkland.

Development will assist in the
resolution of combined sewer
overflow issues.
Sustainable economic development
Islands
Sustainable economic development
Sustainable economic development
Sustainable economic development
Market Research says 194
 dwelling units a year
http://craighullinger.com

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