Local: Build the Block press event tomorrow at Peoria Labor Temple
Posted in Local with tags Build the Block, Museum, Peoria Labor Temple on February 3, 2009 by Billy DennisFrom my inbox:
The Block: “Peoria’s Own Economic Stimulus Package”
Peoria—The Block is Peoria’s own economic stimulus package—so let’s get to work! That is the message that local economists and union leaders will share at a press event at Peoria’s Labor Temple tomorrow morning.
Engine of Economic Growth
Independent researchers Robert Scott, Ph.D., and Joshua Lewer, Ph.D., will release information on their economic impact study of the Peoria Riverfront Museum and Caterpillar Experience on Peoria’s riverfront.
The researchers used national, state and local data sources and time-tested multipliers in their analysis. Their findings indicate The Block would create approximately:
- 1,100 jobs during the two-year construction phase
- 90 jobs per year after construction
- $210 million in business development and county growth during construction
Let’s Get to Work
The West-Central Illinois Building and Construction Trades Council (WCIBCTC) represents 20 individual construction craft unions and nearly 15,000 members living in Central Illinois. Executive Director Dan Silverthorn and Council President Mike Everett say the Block project would employ 250 to 300 workers per month and generate $1.8 million in labor payroll monthly over a 25-month construction period. And through an unprecedented agreement among Caterpillar, the Museum Collaboration Group and the Greater Peoria Area Contractors and Suppliers Association, the entire Block would be built with 100 percent local union labor.
- Wednesday, February 4, 2009
- 10:00 a.m.
- Peoria Labor Temple
- 400 NE Jefferson Ave
Speakers Include:
- Dr. Bob Scott, Professor of Economics, Bradley University
- Dr. Joshua Lewer, Assistant Professor of Economics, Bradley University
- Dan Silverthorn, Executive Director, West-Central Illinois Building and Construction Trades Council
- Mike Everett, President, West-Central Illinois Building and Construction Trades Council
