KEEL: Crony capitalism plays in Peoria
The Peoria City Council has approved an extra 1 percent sales tax, but not for schools, roads, or fire/police protection. This “enhanced” tax rate was set up to benefit the developer who is bringing Portillo’s, the popular Chicago-area hot dog franchise, to Peoria. Developer William Torchia convinced our City Council that such assistance was the only way to bring the iconic restaurant to Peoria. Torchia hopes to recoup $650,000 in costs associated with land acquisition and property development. The Libertarian […]
