Sunday, June 22, 2014

Whole Foods, Target, Costco center gets green light in Lower Macungie, PA

Earlier this month the Lower Macungie, PA commissioners voted 3-2 to create a tax financing district at the Route 222 bypass and Krocks Road, which will pave the way for the Hamilton Crossings shopping center that will feature Whole Foods, Costco, Target, Dick's Sporting Goods and other retailers.

A land development plan was also approved by the board, as well as other tax incentives. The project, to be developed by Goldenberg Group and Tim Harrison, is schedule for completion by Spring 2016.

Hamilton Crossings has also received about $10 million in state grants and a $3.7 million low-interest loan from the state. They are seeking a second low interest loan for approximately $3.2 million.

Previously the East Penn School District had agreed to a TIF plan that would have allowed up to $8 million future tax dollars to be used for project-related financing payments and interest. However, Lehigh County commissioners rejected the plan.

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