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.
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