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Comments

  • Karrie E. Alms: Amazing insight into the world of politics awaits any reader at pibgorn … from a Demon’s...
  • Tony: Homefield is Dynegy. Dynegy is Ameren. There Charging You twice for the same energy. Do you really thihk $.04...
  • SouthEnder: Also does anyone remember the Velvet Freeze located on Jefferson St, up the street from the Warner Homes....
  • Eric Pollitt: I flew economy class to Hong Kong for Christmas vacation, which is a 14 hour flight. When I got back...
  • Mike: Homefield has been sold to dynery. Google dynegy scandal to see who your new parent is. If this upsets you give...
  • mortified: Fun while it lasted. Godspeed!
  • aaron: your blogging will be missed but i know that your spirit of fairness will remain alive in your other...
  • Jon: CJ, your blog was a revelation and an inspiration. You have a wonderful talent that is an asset to the...
  • Billy Dennis: Of course the Chronicle is done: Screw you. The Chronicle is one of the best researched blogs...
  • Paul Wilkinson: CJ, am sorry you have ended your blog. It was well done. It seems many have given up as we keep...
  • Sharon Crews: Your voice is definitely needed in this community. Thanks for all your insights.
  • emergepeoria: Your blog is great resource to research Peoria issues. I hope you leave it up.
  • BucketHead: I was not suggesting that, I believe the both of you had very strong common sense and that lead to your...
  • C. J. Summers: Without anonymity, there is no courage among my detractors. Take a look back at the wide variety of...
  • Of course the Chronicle is done: Without Sandberg to give stores to the Chronicle there is no Chronicle.

Who’s actually paying for the Caterpillar Sky Walk?

Remember in my last post, how I said Caterpillar had purchased the naming rights for $1 million? Well…

Under the “Purchase” section of the Naming Rights Agreement, one of the conditions that must be met for the deal to go through is this: “Pere Marquette Hotel Associates, L.P., a Kansas limited partnership shall have […]

Congratulations to the City Council

I just want to congratulate the Peoria City Council on accomplishing something I really thought was impossible. According to the Journal Star, the Council has managed to find a deadline that Gary Matthews was able to meet. This is no small feat. It only took three and a half years, three redevelopment agreements, and […]

The latest line drawn by the City

The Journal Star recently published the following quote regarding the Wonderful Development:

“The developer doesn’t need a reminder from the council of the hard deadline in place,” Mayor Jim Ardis said. “He knows he has to deal with any obstacles and put us in a position to close by the end of the month. […]

Chronicle prediction comes true

Back in January, when the Peoria City Council agreed to extend the Wonderful Development deadline until the end of February, I predicted that “Long about February 21, you can reasonably expect the council agenda to include another deadline extension.” Well, it’s February 22, and guess what? The council agenda for next Tuesday includes a […]

Peoria to put retiree funds at risk for hotel

The City Council is voting on a revised redevelopment plan tonight for the undead Wonderful Development. This new plan not only gives the developer $29 million, but also loans him an additional $7 million because he couldn’t get all the private financing he needed.

So the question is, where is this $7 million coming […]

Peoria Chronicle Exclusive: Matthews threatens to sue over hotel deal termination

In a statement released today, EM Properties claims it…

…has satisfied all conditions of the Redevelopment Agreement required to proceed with a closing for the Downtown Marriott Project. We believe we have provided sufficient evidence of financing. We plan to confirm the financing we currently have and further solidify our submissions to the City […]

The (not so) Wonderful Development, 2008-2011, R.I.P. (UPDATED)

It’s all over but the shouting.

The Journal Star reports that the City has notified Gary Matthews that they are terminating the redevelopment agreement for the Hotel Pere Marquette and surrounding properties.

In short, the three-page letter states the city is within its rights to pull out of the agreement because it is […]

The Wonderful Development, Day 955

Since December 15, 2008, when the City Council first passed the $39 million redevelopment agreement for the Marriott Hotel deal downtown, 955 days have elapsed. That’s a little over 2.6 years for a project that had to be passed that night — after only two days of public disclosure and without any public input […]

Peoria has the perfect solution to Matthews’ inability to pay loans back on time

The Journal Star reports that East Peoria taxpayers are having trouble getting their money back from Gary Matthews. He borrowed $150,000 from the city in 2007 to help him build the hideous monstrosity we know as GEM Terrace. He’s been paying that money back, but not exactly on time. He owes $24,862 in late […]

Deadlines? What deadlines?

From today’s Word on the Street column in the Journal Star:

The mayor, meanwhile, said the hotel project – which has yet to begin – could be finalized by the Fourth of July. He said Marriott representatives were in Peoria a couple of weeks ago. He said progress is being made toward demolition work […]