CAT Commits to $55 Million
Caterpillar has committed more than $55 million to The Block, including complete funding for its Caterpillar Experience, $1.2 million toward the parking structure and $13.5 million toward the Peoria Riverfront Museum.
Caterpillar Inc. Chairman and CEO Jim Owens has expressed strong support for The Block and the quality of life enhancements it will bring to the area. "We need this kind of vision," he said, calling The Block "a real centerpiece for our headquarters city" and just what we need to "attract people from all over the world to live and work here."