WILKES-BARRE, PA — King’s College confirmed Monday that it has agreed to purchase the Ramada hotel property located at 20 Public Square for $2.7 million.
King’s also is seeking $7 million in state funding to purchase and renovate the hotel to accommodate expansion of its physician assistant program.
The college has applied for the funding through the Redevelopment Assistance Capital Program that is proposed in state Senate Bill 680. The legislation has been approved by the state House and Senate and is now in Gov. Tom Corbett’s office.
If approved, the legislation would provide the project with $7 million in state funding to be matched by the college, making for a $14 million project.
Read more: http://timesleader.com/news/local-news/941057/Kings-confirms-Ramada-purchase