Investors Come Forward With Harrisburg Incinerator And Parking Deals

Recreation of the flag of the city of Harrisbu...

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A new player has entered the “who wants the Harrisburg incinerator” sweepstakes while the Lancaster County Solid Waste Authority ups their ante.

New York investor Jacob Frydman has offered a deal that includes leasing the incinerator and the city’s parking system.  Frydman and company are mainly interested in the parking system.  They are offering a deal that would net Harrisburg $240 million.  Of course this means parking rates and trash rates will instantly increase as somebody has to shoulder the debt and the investor needs to show a profit.

The Lancaster County Solid Waste Authority has upped their offer to $124 million and would increase tipping fees for county residents while reducing fees for city residents, who pay much more.  The goal would be to have city and county residents paying the same for trash service in twenty years.  Lancaster has no interest in the parking system.

The Act 47 team will also have a plan for the incinerator debt as well.  They may suggest an entirely different scenario than either of these two proposals.

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