Luzerne County Stands To Receive Up To $2 Million From Coal Street Project

Cash-strapped Luzerne County has a claim on at least some of the $2 million left from the Coal Street widening project in Wilkes-Barre, but delays finalizing project expenses have prevented the county from receiving its share.

The amount of the county’s share also is unclear because the Wilkes-Barre Area School District may be entitled to some of the fund, officials say.

County Councilman Stephen A. Urban raised the issue during a budget work session last week, questioning why it’s taking years for the county to collect this money.

The $2 million stems from a Tax Incremental Financing plan, or TIF, that diverted tax revenue from new development along Highland Park Boulevard and at the Arena Hub Plaza to fund improvements to Mundy Street, Highland Park Boulevard and Coal Street .

Read more: http://www.timesleader.com/news/news/50745998/County-could-receive-up-to-$2M-from-Coal-St.