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Back then, Peoria issued $32 million in bonds to redevelop the Pere Marquette. That 2012 deal has been a historic headache for the city, one that is not forgotten by the council.
The new, fine dining restaurant plans to work with local vendors to create a farm-to-table menu, serving pork chops, ribeye and tomahawk steaks.
Shreem Capital purchased the Pere Marquette for $20 million in a deal that Peoria City Attorney Patrick Hayes said was a "distress sale" because the property was in foreclosure and not doing well ...
The Peoria City Council unanimously approved a redevelopment deal between the new owners of the Marriott Pere Marquette and the city that would see the developers receive significant tax incentives.
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