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OSF Healthcare moving forward with major development plans for downtown Peoria

OSF Healthcare is moving forward with plans to move into spaces left vacant when Caterpillar pulled its headquarters out of the River City. And it could bring close to 1,000 employees to Peoria’s downtown.

As previously announced, OSF Healthcare is moving their ministry headquarters and roughly 700 jobs (mostly support staff, including Human Resources, Finances, Accounting, and Marketing) into the former Chase Building. That’s due, in part, to historic tax credits recently approved.

OSF has also announced it’s acquiring CAT’s former “LD” building on Southwest Adams which Mayor Jim Ardis says will become a Virtual Care Center, housing several hundred additional OSF employees. He says filling these vacancies and bringing more people downtown will serve as a much-needed shot in the arm for Peoria.

“It’s sending a message to other potential businesses that are looking at the downtown that are possibly interested in moving in that within just the next two years, just for OSF, we’re going to have over 1,000 new people in a 2 to 3 block stretch of downtown,” shared Mayor Ardis.

And, with all the jobs moving downtown, OSF Healthcare and the city are also working out a deal for employee parking, courtesy of CAT’s old parking deck.

“The city owns the majority of the parking deck, they’ll acquire the balance of that from CAT, and OSF will enter into a long term lease with the city for those parking spots,” explained OSF Healthcare’s CEO Bob Sehring.

That parking is located in the One Tech Plaza deck on Fulton Street.

The council will vote on that and the overall redevelopment agreement Tuesday night.

Molly Jirasek

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