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Pekin Moves Forward on New Deal for West Campus

After years of waiting, Pekin's West Campus is about to see a new beginning.
PEKIN - After years of waiting, Pekin's West Campus is about to see a new beginning.

Pekin City Council voted to accept a new deal for West Campus on Tuesday. The current property owner, West Campus Corporation, will donate the property to the city. Then for $1 ownership will be passed onto a new developer.

The developer has not been named yet, but the city said it is a group from Peoria. Pekin said the group has already put a quarter-of-a-million dollars into escrow to be used for demolition of the rest of the building.

The city would forgive the liens as part of the deal and possibly annex it into a Tax Increment Finance District.
 
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