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Peoria details Pick 2 development pipeline; city projects cash flow to recover by 2029
Summary
Staff said core 2 development is progressing with recent land transactions (Amcor, Parcel C3 to Opus), infrastructure work (~$140M) and a 5‑year sales plan that forecasts negative early cash flow and a return to positive net cash by FY2029; staff emphasized selling land at a pace matched to developers’ construction schedules.
Peoria staff presented an update on the Peoria Innovation Corps (PIC) business plan and Pick 2 development pipeline, outlining recent transactions, ongoing infrastructure commitments, and a conservative sales pace designed to support development activity and future revenue.
City staff said sales activity has begun: the Amcor transaction and a parcel sale to Opus were cited as recent closings. Staff described an…
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