Center Street Crossing project amended by East Peoria City Council
EAST PEORIA, Ill. (WMBD) — Modifications to a project that plans to bring more entertainment options to East Peoria was approved by council members during Tuesday's meeting.
East Peoria City Council approved the third amendment to the Levee District Overlay plan, which includes Center Street Crossing, a mixed-use development that will extend from behind Costco, past CEFCU, ending near City Hall.
Certain businesses won't be allowed at Center Street Crossing. This includes smoke shops, cannabis dispensaries, and auto shops. There are also specific rules for landscaping, down to the trees and plants allowed.
Mayor John Kahl described it as a matter of 'housekeeping' from the city.
'What we're amending is things that we'd like to see in there and more importantly, businesses that the city doesn't really have a desire to see within the overlay district in itself,' he said.
The Levee District Overlay Plan also includes approval of 15-foot sidewalks to accommodate more outdoor dining and even beer gardens at the Levee District.
Council members also approved its lead service line replacement program policy.
The $50,000 grant program will replace lead pipes in homes around the city, and eligible low-income households could qualify for up to $1,000 in financial help. It's so they are in compliance with Illinois Environmental Protection Agency standards.
Grants are available on a first-come, first-served basis. The city is actively looking for federal and state grants to replenish the pot.
Out of about 9,000 homes in the city, Kahl said about 270 have lead service lines.
The Illinois Lead Service Line Replacement and Notification Act mandates the replacement of all lead service lines throughout the state by 2042. East Peoria identified lead service lines through a comprehensive process with resident surveys.
In 1986, Congress amended the Safe Drinking Water Act to ban the use of lead pipes in new installations. Lead is a toxic metal that can damage the brain and nervous system, especially in children, leading to developmental delays, learning disabilities and behavioral problems.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates, also highlighted gold's importance as part of a resilient portfolio. 'People don't have, typically, an adequate amount of gold in their portfolio,' he told CNBC. 'When bad times come, gold is a very effective diversifier.' While Costco has imposed purchase limits on its gold bars, many bullion dealers still offer gold coins and bars without such restrictions. Just be sure to check the premium — dealers (including Costco) typically sell gold at a markup over the spot price. Another way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of Priority Gold. Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, thereby combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an option for those looking to help shield their retirement funds against economic uncertainties. When you make a qualifying purchase with Priority Gold, you can receive up to $10,000 in silver for free. Read more: You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher. Gold isn't the only asset investors turn to for preserving their purchasing power — real estate has also proven to be a powerful tool. When inflation rises, property values often increase as well, reflecting the higher costs of materials, labor and land. At the same time, rental income tends to go up, providing landlords with a revenue stream that adjusts for inflation. Over the past five years, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index has jumped by more than 50%, reflecting strong demand and limited housing supply. Of course, high home prices can make buying a home more challenging, especially with mortgage rates still elevated. And being a landlord isn't exactly hands-off work. 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