Peoria details Pick 2 development pipeline; city projects cash flow to recover by 2029 Staff said core 2 development is progressing with recent land transactions (Amcor, Parcel C3 to Opus), infrastructure work (~$140M) and a 5‑year sales plan that forecasts negative early cash flow and a return to positive net cash by FY2029; staff emphasized selling land at a pace matched to developers’ construction schedules.

Peoria is paving the way for future growth with a $140 million infrastructure investment and a strategic sales plan, aiming for a cash-positive outlook by 2029.

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Pick 2 development moves forward; city projects peak cash outlays in FY27 and expects cash-positive by FY29 City staff said Pick 2 development (Peoria Innovation Corps) will see peak cash outlays in FY27, with multiple land transactions (including Amcor and a sale to Opus) underway; staff projects the business plan will be cash-positive by FY2029 and produce net revenue for the city and state land.

The Peoria Innovation Corps is gearing up for a transformative future, with strategic land sales and a projected cash-positive status by FY2029!

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Peoria approves up to $41M to patent PIC 2 land, seeks refinancing to cut interest costs Council approved a budget appropriation not to exceed $41 million to complete patent (purchase) of remaining PIC 2 state land; staff said state financing accrues interest and refinancing to government rates could cut interest roughly in half, with projected savings around $7 million over 10 years under current assumptions.

Peoria City Council just approved a groundbreaking $41 million plan to secure vital land, potentially saving $7 million through smart refinancing!

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