State of the City 2025: What’s Developing
Tuesday, March 25, 2025
Commercial redevelopment projects
Industrial expansion in Bloomington
Multi-family residential development
Affordable housing metrics
City assessed property value growth
Areas of Interest (4)
- Bloomington added over $128 million in assessed property value in 2024 through new construction.
- City sees steady growth with 2,900 new multi-family units since 2020 and 1,200 more currently in the pipeline.
- Analysis of affordable housing ratio: Only 875 out of 4,100 total multi-family units (approx 21%) are designated as affordable.
- Major corporate infrastructure activity in 2024: Notable expansions from Schneiderman’s, Luther Hyundai, Walser Toyota, Seagate, and SICK Sensors.
Places Mentioned
BloomingtonSouth Loop District
Events & Meetings (2)
- 2024 development reporting period
- 2025 development outlook