Apartment Choice

Scott Hilyard Journal Star communities reporter @scotthilyard PEORIA HEIGHTS — The boundaries of a proposed tax increment financing district have been drawn to help attract a 36- unit apartment complex to the downtown area. The newly defined area , which would be the village's fourth TIF district , also encompasses an area where as many as 60 townhomes have been proposed. Taken together, the projects would add a transformative, upscale residential element to a developing commercial district of restaurants, shops and offices in a mix of new construction and renovated historic structures . "The board voted (this week)  to enter into an agreement with consultants (Jacob & Klein and The Economic Development Group of Bloomington) to perform the study and prepare all the documents necessary to establish the TIF at a future date," village Administrator Matt Fick said Thursday. "Likely by the end of this year or early next." Developer Larry Herman of Grand...