City Council Development & Housing Decisions
Key Questions
What loan is the City Council considering for Twin Towers?
The council is mulling a $2.5 million loan for repairs to Twin Towers. This was discussed in the key May 4 meeting, with video available.
What development approvals came from the recent City Council meeting?
The council approved a vape shop and discussed TIF funding. They also pushed free land initiatives for housing in South Side and East Bluff.
What new spaces or housing efforts are planned in Peoria?
A 'dual-identity space' called The Vault aims to open in Downtown Peoria by August. The Illinois Housing Development Authority (IHDA) seeks input on housing conditions from residents.
May 4 meeting approved vape shop, eyes $2.5M Twin Towers loan/TIF/free South Side land. VAULT downtown liquor push to May 26 council. IHDA housing survey input (June 17 Peoria). Addresses shortages in core neighborhoods.
Sources (2)
Updated May 6, 2026