Monday, March 22, 2010

"Excessive Exuberance in Peoria?"

"We didn't let the economy stop us. The economy here in Peoria is strong. We expect that to carry us through", quoting Jeff Bundy, co-owner of Party World on opening a new store at University Plaza.

Party World evidently closed in 2009; it apparently opened in 2008, as the building is vacant and the phone is disconnect. PAC & Mail next door doesn't appear to have any activity and I could not find it listed in the phone directory..

I distinctly recall when the first retail business opened on the deck where Hearland Partnership and their groups are now located in the former Damons Restaurant space. When the owner closed the store because of what he said was lack of business and un-kept promises; he was extremely bitter and felt he had been misled by community developers and other leaders.

Don't think he and Mr. Bundy are alone.