LPHS approves TIF agreement with Peru

TIF Districts are used to spur development.  A TIF that includes the old motels and truck stops and the new Holiday Inn Express in Peru hasn’t seen much development, just a lawsuit.

Still, the boards at LP High School, Illinois Valley Community College and Peru Elementary District have reached an agreement for the commercial TIF district.  The city council approved it Monday night.

Dimmick School District and La Salle County oppose it and are fighting it in court.

Peru Mayor Scott Harl says Peru provides one-third of La Salle County’s sales taxes.  He just doesn’t understand why they would be against the TIF.