The decision to build their new headquarters was announced on Friday at the Caterpillar Visitor’s Center by Chairman and CEO Doug Oberhelman before a crowd of state and local dignitaries and leaders. Caterpillar’s new corporate campus will be built in a largely expanded footprint extending several blocks around Caterpillar’ current headquarters. The total campus size when completed will be over 31 acres of Downtown Peoria along the Illinois River. The new headquarters will be a three tower building spanning six city blocks.
“We’re here in Peoria to stay. Our long-term future is here,” said Caterpillar Chairman and CEO Doug Oberhelman in announcing the new headquarters campus.
Governor Bruce Rauner went on to call this is an, “outstanding day for Illinois!”
Peoria area legislators, Deputy Minority Leader David Leitch (R-Peoria), Rep. Keith Sommer (R-Morton) and Rep. Mike Unes (R-East Peoria), were on hand for the announcement, along with federal, state, and local dignitaries and community leaders.