The Antique Industry Is Dwindling

By WEEK Reporter

April 27, 2011 Updated Apr 27, 2011 at 9:41 PM CDT

PEORIA- One business feeling the burn of the economy is the antique industry.

The Illinois Antique Center on the Peoria Riverfront is closing its doors for good next month. Co-owner Dan Philips says the antique industry has been dwindling nationwide for the past five years.

Philips says 25 years ago, he worked with about 250 dealers, now he only has 68. He and his wife will lease the first floor of Waterfront Place in hopes of keeping riverfront business alive.

" That's the one thing Kim and I want for this building and for the Riverfront, for it to be a quality place to come with neat attractions, neat businesses. People that work here love to work here, and we just hope that more and more people will do so." said Co-owner Dan Philips.

Philips says they will continue to run their estate sale service out of the building. The Antique Center will close on May 31st.

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