Here are answers to three important questions about a proposed subdivision in Peoria

A proposal for a new, 115-home subdivision is pending approval from the Peoria City Council on May 28.

This subdivision in North Peoria is expected to offer pricey homes, located on an 86-acre plot of land west of Knoxville Avenue, east of Allen Road and north of Hickory Grove Road near Dunlap.

Dean Custom Builders and Copper Creek Holdings LLC are heading the proposed project.

Which school district would the development be in?

This new subdivision, while annexed in the city of Peoria, would be in the Dunlap School District.

Who owns the nearby Peoria properties?

One of the conditions the Peoria Planning and Zoning Commission put on its approval of the project was the developers needed to add a second access point to the subdivision.

The addition of that access point could be complicated because they would have to purchase parcels of land to build the second road.

If the developers were to build a second access road off of Glenshire Drive at the south end of the subdivision, they would likely have to purchase land from Illinois American Water and/or Maple Shade Development.

Another option for a second access point would be to build off of Service Road No. 2, which would enter the subdivision from Knoxville Avenue. That service road carves through land owned by the Wheels O' Time Museum.

How would the new subdivision impact Peoria financially?

Peoria City Manager Patrick Urich said potentially adding these homes to the property tax roll in Peoria will be a positive for city finances.

Urich said the addition of a new neighborhood benefits all of Peoria.

"We have designated areas that we've wanted the city to grow in called growth cells, and we have seen that over the years that the development has provided more incremental revenue that comes back to the city than it costs us," Urich said. "The market is saying that there is demand for housing, and we're looking to accommodate the market."

All roads built in the subdivision will be paid for by the developer, Urich said.

More information:A new subdivision with 115 houses is planned for Peoria. Here's what we know

How much will the new Peoria homes cost?

Multiple attempts by the Journal Star to reach the project's developer, Dean Custom Builders, were unsuccessful and there is no mention in their plan submitted to the Planning and Zoning Commission of what these homes will cost.

There was no mention of "affordable housing" in developer plans.