Tax Increment Financing

While there is no official redevelopment agreement in place, and the deal to purchase the property has not closed, Bloomington city staff are planning for the buyer to demolish most of the existing structure.

Cullinan Properties of East Peoria is currently under contract to purchase the 53-acre site for $11.3 million. City staff said the deal could close between November and January.

Bloomington city leaders say they anticipate a "comprehensive transformation of the Eastland Mall site," including demolition of much of the building and then creation of a "modern outdoor retail and mixed-use destination.”

The Town of Normal on Monday approved a new Records Management System ahead of McLean County government, and soon after the Bloomington City Council took the same action last month.

A third candidate has entered the race for mayor of Bloomington. Ward 6 Council member Cody Hendricks made his announcement at the electrical workers union hall on Tuesday. He joins current Mayor Mboka Mwilambwe and former State Rep. Dan Brady in the race.

UPDATED 12:25 p.m. | District 87’s superintendent delivered a pointed message to Bloomington aldermen Tuesday night: Think twice before using property…

Bloomington aldermen will discuss Tuesday when it’s appropriate for the city to use a tax incentive tool to stimulate economic development—and how to…