News Release

Today, the City of Peoria released the second amendment to the Redevelopment Agreement between EM Properties and the various entities established by the Redeveloper that will extend the project deadline to March 30, 2012.

The administration, the lenders and the Redeveloper have been working collaboratively and closely to finalize all of the closing documentation. Due to the additional entities created by the Redeveloper and the complexity of the transaction, the length of time to complete the project has been longer than anticipated.

To view the News Release, click here

To view the Second Amendment to the RDA, click here