On a number of levels, I believe that a solid argument could be made that Prospect Road has never been stronger, business-wise. We have two empty storefronts near the barber shop on Prospect, but these only happened recently. Sullivan's has been a solid addition to the Village, and Heritage Square is finally starting to fill up. June Restaurant recently had a write-up in the Chicago Tribune, and certainly has been drawing great crowds since they opened. Business has also been good at Emack and Bolio's Ice Cream Shop.
We have partnered with the Heights Chamber of Commerce to advertise the Village over the past few years. This had never been done before by the previous administration. The reasons for doing so are clear: the more people we bring in, the more tax dollars we generate. The more sales that our businesses make, the more likely they are to stay and flourish. Breaking $3 million in revenues this past fiscal year is a clear testament that our investments in the Village have paid off.
We continue to be on extremely solid ground financially in Peoria Heights; don't let anyone try to tell you otherwise. However, this coming fiscal year (2009-2010) will be a study in how the economic problems in the country might affect our revenues. We will continue to monitor our revenues month-by-month, so that we know how much we can safely invest in the Village. This is our "fair and clear direction" in Peoria Heights.
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