STREATOR – Vactor Manufacturing will be issued $2.5 million in bonds from Streator for their upcoming major expansion. As part of a redevelopment agreement, Streator authorized the issuance in general obligation bonds to be paid back via TIF revenue at Wednesday night’s city council meeting. The project will add 100,000 square feet to the existing facility on the 1600 block of Illinois Street. General Manager Sam Miceli says the project is estimated to create 90 plus jobs. The expansion is expected to be completed by the end of this year.
