Easton Pays McDonald’s $300,000 To Vacate Two Rivers Landing

English: The official logo.

English: The official logo. (Photo credit: Wikipedia)

There will be no more Egg McMuffins, Golden Arches or Happy Meals in Centre Square.

Easton City Council agreed Wednesday night to pay McDonald’s $300,000 over three years to terminate the remainder of the burger chain’s lease at Two Rivers Landing.  The deal paved the way for a 10-year commitment from Crayola to lease the entire facility, putting the building back on tax rolls and effectively paying off the mortgage.

Mayor Sal Panto Jr. laid out the major terms of the two pacts, highlighting a $2.2 million boost in revenue over the next decade before the payments to McDonald’s.  Crayola, which will invest millions to revamp its Crayola Experience attraction, plans to generate much larger crowds, reconfigure its store and pump more money into the downtown, Panto said.

“The amount of dollars we are investing,” Panto said of the McDonald’s buyout, “will be returned many, many times.”

Read more: http://www.mcall.com/news/local/easton/mc-easton-two-rivers-landing-lease-resolved-20120822,0,5083955.story

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