City of Peoria Awards Plaza Companies Negotiating Rights To Critical 14-Acre Commercial Parcel Along Loop 101

The City of Peoria is continuing to push its economic development efforts with a new agreement with Plaza Companies on a critical 14-acre parcel at the Loop 101 and Peoria Road. The Peoria City Council voted last week to grant Plaza Companies exclusive negotiating rights on the city-owned parcel with the goal of creating a new commercial office complex to attract new…