News

York County projects get $19.4 million boost from state

Written by Rick Lee/The York Daily Record | Sep 13, 2018 6:15 AM

Yorktowne renovation, Northwest Triangle and Downtown Hanover are among the beneficiaries

Yorktowne Hotel rendering.jpg

An artist's rendering depicts the Yorktowne Hotel after a planned $20 million renovation. (Courtesy of AB Sketches)

Six York County innovation, renovation, development and beautification projects received a multi-million dollar boost with a total $19.4 million injection from the Pennsylvania Redevelopment Assistance Capital Program this week.

Program projects have a regional or multi-jurisdictional impact and generate increases or maintain current levels of employment, tax revenues, or other measures of economic activity, according to a York County Economic Alliance news release on Wednesday. 

The projects that will benefit from the funding are:

  • Northwest Triangle, York Plan 2.0 ($6M): Will permit commencement of phases 1 and 2 of a 5-phase structure, allowing for pre-leasing of space.
  • Codorus CreekBeautification Initiative ($5M):  Will increase pedestrian access and greenways along the creek channel in the City of York and Spring Garden Township.
  • Keystone Kidspace ($2M): Will reuse the York Armory in downtown York to become a dynamic, flexible and accessible program and gathering space for a youth experiential learning center.
  • Magnesita Refractories ($3M): A new facility to house and operate new crushing equipment will create additional jobs and elevate production capabilities in York.
  • Yorktowne Hotel ($2M): Will address ADA compliance, back-of-house standards and codes and restore and reconstruct interior rooms and public areas during the landmark hotel's ongoing historic renovation.
  • Downtown Hanover ($1.4M):  To renovate a blighted building at 34 Frederick St. that will host an upscale restaurant, market rate housing and provide beautification of an under-occupied block of the borough.

"But for this investment from the Commonwealth, these critical Economic Development projects in York County would not be possible," said Kevin Schreiber, president and CEO of the Economic Alliance.

"The $19.4 million investment will leverage a total investment of over $74 million in project costs that generates an exponentially greater direct and indirect economic impact in construction, tax base enhancement, and job creation," he said.

The Redevelopment Assistance Capital Program is a reimbursement grant and requires a 2:1 financial match from recipients. They must spend their own funds first before any grant reimbursement is made.

This story comes to us through a partnership between WITF and The York Daily Record.

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