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Peoria holds hearings on Adams Liberty and Northwoods Mall TIFs as downtown redevelopment plan advances
Summary
The Peoria City Council held public hearings Nov. 18 on two proposed tax‑increment financing districts: an Adams Liberty block downtown and a Northwoods Mall area covering about 13 vacant parcels. Staff said both plans aim to incentivize mixed‑use redevelopment; final ordinances will return to council in January 2026.
Peoria Mayor Kate Ali presided over public hearings Tuesday for two proposed tax‑increment financing (TIF) districts intended to spur redevelopment in downtown and at the Northwoods Mall.
Assistant City Manager Kimberly Richardson summarized the Adams Liberty proposal as a single square block bounded by Liberty, Jefferson, Harrison and Adams that includes the PNC Bank/Creve Coeur building and an adjoining parking deck. "This plan is gonna represent a part of our strategic goal of revitalizing our downtown and incorporating mixed residential and commercial use in our buildings," Richardson said. She told council a joint review board met in October and staff plans to return with a final ordinance in January 2026.
Richardson described the Northwoods Mall TIF as a response to longer‑term vacancy and infrastructure deterioration. "In that area, we have 13 vacant parcels that have been vacant for quite some time," she said, and asked the council to consider financial incentives to attract redevelopment and private investment.
No members of the public spoke during either hearing. Council opened and then closed both hearings by unanimous vote; staff said the next step is preparation of ordinance language and increment calculations for council consideration in January 2026.
Why it matters: TIF districts allow the city to capture incremental property‑tax growth from targeted areas and use those proceeds for public improvements or developer incentives. If adopted, the two TIFs would be tools the city can use to support private redevelopment of long‑vacant parcels downtown and at the Northwoods Mall.
The hearings produced no final action Tuesday; council will vote on any establishing ordinances after staff returns with drafted ordinances and financial details.
