RecordingTranscript available1:23
State of the City 2025: What’s Developing
Bloomington City CouncilWednesday, March 26, 2025
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Transcript
[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.