By Scott Hilyard, courtesy of the Journal Star
The East Peoria City Council agreed to sell the last remaining parcel it owns to Intermountain Management LLC, a Lafayette, Louisiana group that plans to construct and operate a $9 million to 107-room Marriott TownePlace Suites.
The council sold the property, located south of the Bob Michel Bridge and next to Granite City Food & Brewery, for $806,340. The property is in the Embassy Suites and Convention Center Development Area.
The council approved a first reading of the sale by a vote of 4-1. A second reading will be voted on at the next council meeting.
City planner Ty Livingston said the company had been interested in the property for more than a year.
There are about 200 TownePlace Suites in the United States, although it is the first in central Illinois.
For more on this story read Thursday’s Journal Star or check pjstar.com later.
