County Commissioner: Deal Will Put Lancaster County Convention Center On Solid Financial Footing

Picture 049Lancaster County Commissioner Scott Martin announced an agreement Wednesday that promises to put the Lancaster County Convention Center on solid financial footing.

But it requires significant concessions from six parties, and that work is not yet complete.

One of those parties, Penn Square Partners, was noticeably absent from the press conference in the commissioners’ meeting room.

Penn Square Partners Vice President Mark Fitzgerald said later Wednesday the private-sector partners participated in crafting the agreement and agreed with its provisions in principal.

Read more: http://lancasteronline.com/article/local/891056_County-commissioner–Deal-will-put-Lancaster-County-Convention-Center-on-solid-financial-footing.html#ixzz2e2FlSsK3

Tourism Officials Hope Casting A Wider Nets Brings More Tourists To Lancaster County

Map of Pennsylvania highlighting Lancaster County

Map of Pennsylvania highlighting Lancaster County (Photo credit: Wikipedia)

The county’s tourism promotion board will soon launch a multifaceted campaign it hopes will catch the eye of as many as 100 million people.

It hopes many of of them will come here and spend money.

The Pennsylvania Dutch Convention & Visitors Bureau plans to diversify the $1.6 million it will spend on advertising this year.

In addition to a television commercial that will soon be aired in the Philadelphia and New York markets, the visitors bureau also will buy digital and static billboards to reinforce the same message.

Read more: http://lancasteronline.com/article/local/842667_Tourism-officials-hope-casting-a-wider-nets-brings-more-tourists-to-county.html#ixzz2Rc8YwZ9q

Lancaster Convention Center Sews Up Quilt Show For 3 More Years

Picture 569Quilting is a tradition in Lancaster County and organizers of the annual downtown Lancaster quilt show hope to sew up that link between quilting and Lancaster.

The Paducah, Ky.-based American Quilters Society on Wednesday announced it would continue the show at the Lancaster County Convention Center for another three years.

The deal was inked a month ago when some 16,500 quilters attended AQS QuiltWeek in Lancaster.

The national organization called the fourth annual show and convention a success.  That attendance figure represents an 11 percent increase over 2012.

Read more: http://lancasteronline.com/article/local/837065_Convention-Center-sews-up-quilt-show-for-3-more-years.html#ixzz2QH8D8T4b

Lancaster County Convention Center Gets Deadline Extension On Debt

Map of Pennsylvania highlighting Lancaster County

Map of Pennsylvania highlighting Lancaster County (Photo credit: Wikipedia)

The Lancaster County Convention Center is living on borrowed time.

With less than three weeks to go before the center’s $64 million in construction debt was due to be restructured — pushing interest rates higher — officials on Friday extended the financing for three more months.

The move buys time for negotiation with lender Wells Fargo to come to terms the center can live with.

A consultant sounded the alarm a year ago that the nearly 4-year-old center could be forced to close if revenues were not significantly increased or financing fees cut.

Read more: http://lancasteronline.com/article/local/813342_Convention-center-gets-deadline-extension-on-debt.html#ixzz2KX1XXIeh

Abundance Of Attractions Makes Lancaster County Marketable

Map of Pennsylvania highlighting Lancaster County

Map of Pennsylvania highlighting Lancaster County (Photo credit: Wikipedia)

Lancaster County, Kathleen Frankford contends, is no one-trick pony.

“It’s probably the most diverse destination in the country,” she said.

Sure, it is known for its Amish and the outlet shopping that attracts people by the busload.  But, there is also live entertainment, dining and lodging.

And, “within each of those categories, you have such a wide range of offerings,” Frankford said.

Read more: http://lancasteronline.com/article/local/807662_Abundance-of-attractions-makes-Lancaster-County-marketable.html#ixzz2JEbUTqMC

Lancaster County Convention Center Has Good Month, But Future Cloudy

Map of Pennsylvania highlighting Lancaster County

Map of Pennsylvania highlighting Lancaster County (Photo credit: Wikipedia)

Lancaster County Convention Center finances had a good month in November.

Reserve funds topped $5.6 million for the public meeting center.  And center officials believe this month will also end well.

That means the 20 percent stake of the Lancaster County hotel room tax which has been diverted to the Lancaster County Convention Center Authority will once again be paid to the Pennsylvania Dutch Convention & Visitors Bureau.

That money, which totals about $900,000 annually, has been going to the center authority since spring when the reserves required under the center’s bond indenture fell below $5.25 million.

Read more: http://lancasteronline.com/article/local/795319_Lancaster-County-Convention-Center-has-good-month–but-future-cloudy.html#ixzz2FhIxkHdZ

Owner Plans $7 Million Expansion Project At Intercourse Village Inn

Map of Pennsylvania highlighting Lancaster County

Map of Pennsylvania highlighting Lancaster County (Photo credit: Wikipedia)

Kurt Thomas knows the situation.

He sees that interest rates and construction costs are unusually low.

He hears industry experts predict an upturn for the tourism industry.

So Thomas realizes that, if he was ever going to renovate and expand his Intercourse Village Inn, the ideal opportunity is now.

“We just feel like the timing is perfect,” Thomas said.

For all those reasons, the inn this month launched a far-reaching project that will roughly double its size, at a cost exceeding $7 million.

Read more: http://lancasteronline.com/article/local/763980_Owner-plans–7M-expansion-project-at-Intercourse-Village-Inn.html#ixzz2ALznNcof