Reading Eligible For Revitalization Funds; May Miss Application Deadline

A 1947 topographic map of the Reading, Pennsyl...

A 1947 topographic map of the Reading, Pennsylvania area. (Photo credit: Wikipedia)

The state has given Reading the eligibility it wants to compete for a highly prized City Revitalization and Improvement Zone that, similar to Allentown, would use state and local tax revenue to attract jobs and millions of dollars in private investment.

But it’s still uncertain whether Reading will be one of the two pilot cities the state chooses in the first round this year, or even whether the city will apply in time.

Lancaster already has submitted its own proposal, and Bethlehem is expected to shortly.  The second round for two more cities doesn’t begin until 2016.

Mayor Vaughn D. Spencer could not be reached for comment.

Read more:  http://readingeagle.com/article.aspx?id=494416

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