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Rising interest rates have blocked the hoped-for start of construction this spring on a flagship development project in Uptown Normal.
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Town of Normal Finance Director Andrew Huhn said during a daylong budget workshop for the town council that a lot of the increase will be funded by projected double-digit revenue growth, mainly in sales and income tax receipts.
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It could be time to discuss one of the proposals in a 2019 Connect Transit special working group report, says Normal City Manager Pam Reece, because it's an unusual development — an organization asking for less money instead of more.
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City Manager Pam Reece said the Vision Zero-Go Safe Plan to eliminate auto collisions with walkers and bikers is one the themes to emerge from a recent strategic planning session.
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The Main Street Water Main project is big, more than 5,000 feet in length. Two stretches of Main Street would see pipes replaced — between Division Street and Virginia Avenue, and from Beaufort Street to College Avenue.
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Nomal's city manager expects the developer of a controversial addition to the Wintergreen subdivision off Beech Street near Interstate 55 will make changes to satisfy neighborhood objections.
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So far this year, the Town of Normal has approved plans for 80 new single-family homes to help address a 4,000-unit housing shortage in Bloomington-Normal. But City Manager Pam Reece said those have all been within existing subdivisions and don't address a lack of upscale apartments — until recently.
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The Town of Normal is moving ahead with work on the proposed Trail West and East Project in Uptown even though a development agreement is not yet in place. City Manager Pam Reece said there's a lot to be done to prepare for the start of construction next spring.
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The City of Bloomington and Town of Normal have picked a new electricity supplier to serve residents for the next three years (July 2022-June 2025). So-called "aggregator" Constellation NewEnergy replaces Homefield Energy as the new low bidder for bundled power rates.
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A total of 102 newly built homes sold in Bloomington-Normal last year. That's $34 million in new property value created in the community to meet demand, according to figures from the Mid-Illinois Association of Realtors. And it's more than twice the amount of new home construction in 2020. Early signs are this year will be even better.