RecordingTranscript available1:23

State of the City 2025: What’s Developing

Bloomington City CouncilWednesday, March 26, 2025
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[0:01] OVER THE PAST YEAR, BLOOMINGTON HAS  EXPERIENCED NOTABLE REDEVELOPMENT,   [0:05] MARKED BY SEVERAL PROPERTY  RENOVATIONS AND NEW DEVELOPMENTS. [0:08] SCHNEIDERMAN’S FURNITURE CONVERTED AN OFFICE  BUILDING INTO THEIR NEWEST SHOWROOM AND RETAIL   [0:13] SPACE. LUTHER HYUNDAI EXPANDED ITS OPERATION, AND  WALSER TOYOTA COMPLETED CONSTRUCTION ON ITS NEW   [0:20] COMBINED DEALERSHIP AND CORPORATE HEADQUARTERS.  INDUSTRIAL EXPANSIONS ARE UNDERWAY AT SEAGATE, AND   [0:26] SICK SENSORS BEGAN CONSTRUCTION ON A NEW OFFICE  BUILDING IN THE SOUTH LOOP DISTRICT THIS YEAR. [0:32] 2024 WAS ANOTHER SUCCESSFUL YEAR FOR MULTI-FAMILY  RESIDENTIAL DEVELOPMENTS, WITH THE OPENING OF   [0:37] THREE MAJOR APARTMENT COMPLEXES: NOBLE, ARDOR AND  OXBORO HEIGHTS SENIOR APARTMENTS. CONSTRUCTION   [0:44] ALSO BEGAN ON THE KNOX, ROSALYN, AND EVER  APARTMENTS, WHICH ALL INCLUDE AFFORDABLE UNITS. [0:50] SINCE 2020, THE CITY HAS SEEN THE ADDITION  OF NEARLY 2,900 NEW MULTI-FAMILY UNITS,   [0:56] WITH ROUGHLY ANOTHER 1,200 UNITS  CURRENTLY UNDER CONSTRUCTION   [1:00] OR IN THE PIPELINE. OF THESE 4,100  UNITS, 875 ARE AFFORDABLE HOUSING. [1:07] IN 2024, NEW CONSTRUCTION CONTRIBUTED MORE THAN   [1:10] $128 MILLION IN ADDED ASSESSED VALUE TO THE  CITY. WITH SEVERAL PROJECTS IN THE PIPELINE,   [1:16] 2025 IS POISED TO BE ANOTHER STRONG  YEAR FOR DEVELOPMENT IN BLOOMINGTON.