PEORIA HEIGHTS, Ill. (WMBD) — A KDB Group attorney announced in Tuesday evening’s Board of Trustees meeting that the village of Peoria Heights had terminated a contract with KDB.
The attorney said the group was surprised, and that they were originally wanting consent to sublease the pump house on East Kingman Avenue.
There had been issues with the KDB Group not paying taxes, but the attorney said it was an oversight and paid within 48 hours. He said they had planned for the building to be a dessert shop while trustees had wanted the building to be used as a museum.
Some board members questioned the future of the group since they recently put multiple properties up for sale, including the Betty Jayne Theater and Sankoty Lakes.
The KDB Group, which is owned by Kim Blickenstaff, announced they were reevaluating operations in the Peoria area in January. At one point, Blickenstaff and his companies were behind nearly a dozen projects in the area which were hailed as possible game changers for the communities.
However, that changed earlier this year when he put nearly everything he owned up for sale. No official reason has ever been released as to why that happened.
WMBD reached out to the Mayor Mike Phelan for comment but has yet to hear back.
