Trio of developers bid for Peoria's historic PNC bank building

Trio of developers bid for Peoria's historic PNC bank building

PEORIA, Ill. (WMBD) -- A recommendation on how the development of a city-owned high-rise could come before the Peoria City Council as soon as mid-September. That's the word from City Manager Patrick Urich who said three developers -- one local and two out-of-town -- submitted proposals to the city last week for redevelopment of the PNC Bank Building which was purchased by City Hall in 2024 for about $1.75 million. "All three of the bidders were …