“And certainly one of the ideas of a potential commercial development is it would generate potentially some long-term property tax revenue,” Kinney says.
Kinney also says the Stadium is also facing declining attendance and costly repairs. About 75 people packed the School Board meeting room last night to oppose the idea of commercial re-development. Johnny Wheat is president of the Oak Park Homeowners Association:
“We believe that the loss of this green-space area and historic stadium in the centre of a residential area would have a permanent negative and costly effect on peoria and its image of a park-friendly city, far-outweighing the temporary fix of District 150 of infusing their budget with a bit of cash,” Wheat says.
Other residents expressed concern of increased traffic and noise and decreasing property values if the land was re-developed. No final decisions were made, and public input meetings on the issue could be held in the coming months.