Reading Authority Approves 250 Parcels For New Program

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

The City of Reading Revitalization and Improvement Zone Authority – working fast to meet a Nov. 30 deadline – on Friday approved 250 parcels spread over 129 acres to be included in the zone.

At its next meeting Monday, the 10-member board will be asked to suggest three or four potential projects on three or four of those sites.

Board members said the projects are realistic but are not set in stone, and will be used as illustrations of how the state’s newest economic development program could help Reading.

That program, aimed at attracting new firms with new jobs, lets cities use the new state and local taxes the zones generate to finance property purchases, infrastructure projects, and even new buildings.

Read more: http://readingeagle.com/article.aspx?id=519968

Brandywine To Build 47-Story FMC Tower In University City

Map of Pennsylvania highlighting Philadelphia County (Photo credit: Wikipedia)

FMC Corp. has agreed to move its headquarters from 1745 Market St. in Center City into the new tower that Brandywine Realty Trust has been trying to build, NE corner of 30th and Walnut Sts. in University City, for the past 5 years. The $341 million FMC Tower will rise 47 stories — 650 feet — and include 575,000 sq ft of offices, 10,000 sq ft of retail — plus 260 apartments. Adjoins a 2,000-space parking garage built by Brandywine that also serves IRS workers at Brandywine’s former 30th St post office nearby.

FMC will move its headquarters staff — currently 546 bosses and workers — to the new tower by June 2016, spokesman Jim Fitzwater told me. FMC will lease 253,000 sq ft for 16 years; the University of Pennsylvania will rent another 100,000 sq ft on four floors for 20 years.

Read more at http://www.philly.com/philly/blogs/inq-phillydeals/Brandywine-to-build-47-story-West-Philly-tower-FMC-a-tenant.html#w8IKD7yI7Ry0uc0p.99

Votes Push Development Along Pottstown’s Keystone Boulevard

Editor’s note:  We find ourselves in agreement with the majority on council who voted for this undertaking.  We also feel the tax breaks for Heritage Coach Co. were necessary.  Having that property sit idle accomplishes nothing and provides no income for the borough or the school district.  It also provides no employment which means there is less money to be spent on existing Pottstown businesses.  Until the word gets out to the investment community that Pottstown is open for business and that establishing a business in Pottstown is a good idea, incentives will need to be used to attract development.  

Cleaning up Pottstown would go along way towards fostering development.  Nobody wants to open a business in a crime-ridden community.  Unfortunately, that is the perception you are dealing with, whether it’s entirely true or not.  Perception IS reality.  Cracking down on crime, Section 8 housing and the pervasive drug problem need to be priority one in order to attract business, industry and homeowners.   The number of rental units is too high, partly due to reputation of the Pottstown School District, the reputation of Pottstown Borough and the high taxes.  Any real estate professional will tell you the same thing.  Selling a home in Pottstown is difficult.

POTTSTOWN — Prospects for development along Keystone Boulevard have been bolstered by two votes of borough council Monday evening.

With a unanimous vote, the council approved a “memorandum of understanding” with West Pottsgrove that pledges both municipalities to pursue efforts to extend Keystone Boulevard, which runs parallel to West High Street and the Schuylkill River, into West Pottsgrove to connect with Grosstown Road.

“It’s a conceptual agreement for defining a path to move forward,” Borough Solicitor Charles D. Garner Jr. explained to council.

The extension of Keystone Boulevard through the former Flagg Brass property in West Pottsgrove and over to the Stowe interchange has long been envisioned and was the subject of an $81,000 study by the Rettew Associates engineering firm.

Read more:  http://www.pottsmerc.com/article/20130613/NEWS01/130619600/votes-push-development-along-pottstown-s-keystone-blvd-#full_story

Pottstown Meeting Set To Boost Borough-School District Cooperation

Location of Pottstown in Montgomery County (Photo credit: Wikipedia)

Editor’s note:  Considering the same 5 square miles comprises the school district and the borough, this is well overdue.  However, on a positive note, we will hope this leads to substantive change for the beleaguered Pottstown taxpayer.

POTTSTOWN — It won’t just be the location of the joint school board/borough council meeting Tuesday that is unusual.

The agenda is short, unusual in itself, and further, it is focused almost exclusively on breaking down barriers to cooperation.

“We want to set the stage for collaborating, for open communication,” said schools Superintendent Jeff Sparagana who, along with Borough Manager Mark Flanders, met with The Mercury Thursday to outline their efforts.

“That’s one of the reasons we wanted to have the meeting off-site,” said Flanders. “To put everyone in a setting that encourages participation and interaction.”

Read more:  http://www.pottsmerc.com/article/20130225/NEWS01/130229649/pottstown-meeting-set-to-boost-borough-school-district-cooperation#full_story