Peoria’s East Bluff neighborhood will soon have another option for local medical services.
After nine years of being out of business, OSF is going to buy Cub Foods, and that’s going to bring this plaza to life.
“I’m really excited about it. It’s a great opportunity for OSF to expand services, and the building is exactly in the location, exact size that we needed to fit our ambulatory needs,” said Tracy Pogue, VP of Ambulatory Development and Integration.
Midtown Plaza originally opened nearly 20 years ago. Cub Foods was the anchor store until in closed in 2009 causing a loss of sales tax dollars for the city. City leaders say this new investment by OSF will bring in $35,000 in property taxes annually. That’s down from $75,000 in property taxes right now.
The land is covered under the midtown tax increment financing district, it is set to expire in 2022. This new facility will bring more healthcare options to the East Bluff and the hope is more tax revenue to the that part of the city.
“Over 150 employees working in the building, patients coming in and out, all the local businesses around here are going to benefit from people needing to run errands, or get something to eat,” said Pogue.
“That grocery store sat there empty for a long time, so to get some new life coming in to that part of town, in that specific location, that’s going to be really significant for us,” said Peoria third district councilman, Tim Riggenbach.
East Bluff residents are hoping this is the first step in more big things happening in their neighborhood.
“I see it as a real positive for the East Bluff, and the eternal optimist in me sees it as a big step in the revitalization of the whole neighborhood,” said East Bluff resident, Willa Lucas.
The new medical center is set to open by the end of next year.