The town is also recognized by its distinct, red water tower. One can ascend the tower in an elevator and survey a sizable portion of Peoria, Tazewell, and Woodford counties. The tower forms the nucleus of Peoria Heights Tower Park. Tower Park is a centerpiece of the community which underwent sweeping and controversial renovations in 2002, costing the Village nearly $800,000.00. The nearby downtown business area includes upscale restaurants and shops. In addition to this water tower there is another modern tower on Toledo Avenue colored white with the Peoria Heights logo. Formerly painted a distinctive Red, White, and Blue (the school district colors).