I-LEAD School Rocks Downtown Reading’s Redevelopment Plans

Map of Berks County, Pennsylvania, United Stat...

Map of Berks County, Pennsylvania, United States with township and municipal boundaries (Photo credit: Wikipedia)

When CNA Insurance announced Monday that it was donating its downtown Reading office building to I-LEAD Charter School, it was done with quite a bit of fanfare.

The sidewalk outside the five-story building at Fourth and Penn streets was filled with people. Speakers praised CNA’s generosity and the work I-LEAD does.

Applause erupted as a ceremonial key exchanged hands.

But as the celebratory din diminished, some questions were raised.

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CNA Insurance To Move Operations Out Of Reading

Map of Pennsylvania highlighting Berks County

Image via Wikipedia

CNA Insurance said Thursday that the company plans to move its operations from its building at 401 Penn St. to another location in Berks County.

Mayor Tom McMahon confirmed that the insurance company officials told him they want to move to smaller quarters because only 25 percent of the building is in use, so it has become difficult for the company to support it financially…

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