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/Rohmann intersection; the southern side of Callender Avenue and parts of Heading Avenue (click here to see 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 revenue funds and without raising local property taxes.

The City of West Peoria will help fund projects on a case-by-case basis, centered on three main goals.  In the years ahead, these goals will help guide City Council members and staff when determining what projects to fund. 

Goal 1:  Business Development - To visibly enhance Western Avenue and 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 infrastructure 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 redevelopment 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