
I was perusing the Journal Star archives today and found an article from 1993 where a private investment of $12 million dollars was nixed in favor of $880 thousand dollar outlay of cash from the City of Peoria for a Prudential Cullinan Property project. The $12 million dollar privately funded project was for a “water-bottling operation, museum and microbrewery” at the site of the Peoria Mineral Springs. The approved $880 thousand dollar outlay from the city was for infrastructure to support the proposed Spring Grove subdivision.
I’m not saying the development of Spring Grove subdivision was a bad decision – it looks like a nice place, and I don’t recall what was there before – but I can’t get over the thought that we could have had a water-bottling operation and microbrewery based on the Peoria Mineral Springs and the Zealy Moss home, similar to the Peoria Mineral Springs Bottling Works which was founded in 1850, not to mention a small museum. Really – how cool would that have been?
Charles Traynor knew something was going on across the street from his house at 701 Martin Luther King, but he said did not realize the plans drawn by Prudential Cullinan Properties Ltd. overlapped his plans for a bottling and entertainment project.
The Peoria City Council approved a redevelopment agreement with Prudential Cullinan on Tuesday, providing $880,000 in public money for roads and other improvements in the Southtown project, bounded roughly by King, Elliott, Fifth and Sheridan.
Cullinan Executive Vice President Michael Wisdom said the 49-lot, single-home development, named Spring Grove, will provide a unique, affordable subdivision within walking distance of downtown and Bradley University.
Homes, including lots, would start at $60,000, Wisdom said, with plans either provided by the developer or the buyer.
Hours before Cullinan’s plans hit the City Council floor, Traynor approached the city administration about his plans for developing a water-bottling plant, museum and microbrewery, all in conjunction with the adjacent and historic Peoria Mineral Springs.
“What we’re talking about is a tourist attraction that could go on a thousand years, or more,” Traynor told the City Council.
Though not opposing the Cullinan plans, Traynor said he was not aware of the housing project boundaries until Tuesday. Traynor’s development, backed by up to $12 million in private investment, would extend as far south as Sixth Street, overlapping significantly with the housing plan.
“I knew (Cullinan) was working on a project, but I had no idea it was coming up that close,” Traynor told reporters after the meeting. He said he spent a year studying the project, including label trademarks.
Backers include an investment group headed by David Puterbaugh, Traynor said.
The council approved the Cullinan agreement by an 8-1 vote, with 2nd District Councilman Gary Sandberg opposed and 4th District Councilman Steve Kouri abstaining.
The council also approved a planning and negotiation agreement for a second phase of the Cullinan project, adjacent to Spring Grove. The agreement gives Cullinan exclusive negotiation rights for a year on city-owned property to the east of the initial Spring Grove project, with the goal of developing multifamily housing.
Traynor and Wisdom vowed to cooperate on their Southtown ambitions, though city staff indicated that Traynor’s industrial plans might be incompatible in a residential area.
Sandberg questioned the terms of the Cullinan agreement, particularly provisions that guarantee Cullinan a 10 percent developer’s fee of the $800,000 improvement but require Cullinan to build as few as six houses.
“Apparently, some of us have forgotten what Southtown looked like 10 years ago,” Mayor Jim Maloof said in response to Sandberg, adding it would be risky to set aside the Cullinan project in favor of a fully private venture such as Traynor’s.
As it stands today, an estimated 30,000 gallons of water continues to flow out of the spring and into the sewer system. Unfortunately for Charles Traynor, he didn’t have his plan as well laid out as Prudential Cullinan nor was he even aware of the project, and likely didn’t have the political and personal connections that sometimes are necessary either, but all I can say after reading Mayor Maloof’s comment on the matter is that the more things change, the more things stay the same.