Business Facilities - July 2008 - (Page 38)

BUSINESS REPORT Pennsylvania feet of retail space. In addition to the renovation of a large, mostly vacant building that is part of the Reading Hardware Company complex, the project will incorporate the construction of nine new buildings, which will include retail and office space on the lower floors and residences on the upper floors of most buildings, as well as enclosed garages that will hold more than 3,000 publicly accessible parking spaces. The waterfront property along the Schuylkill River will become a public park, which will feature an amphitheater, promenade, bike and foot trails, tennis courts, a community building with a swimming pool, a day care center and playground, a baseball field, small watercraft launching facilities and other additional attractions. 12,000 WORKERS WILL BE NEEDED TO BUILD RIVERVIEW “We are excited about the RiverView project,” says Reading Mayor Thomas McMahon. “It represents the beginning of what I see as a new era of urban revitalization for our great city of Reading. Not only will the project improve the quality of life for the residents of the city, it will create more than 4,000 local and 12,000 statewide jobs during construction. When completed, the project will generate nearly 900 permanent jobs for city residents and approximately $25 million annually Governor Edward G. Rendell Governor Ed Rendell has spearheaded a comprehensive effort to catapult Pennsylvania into a leadership position in high technology. Carbon County, Pennsylvania In the beautiful Pocono Mountains, we work hard and play even harder whitewater rafting, hiking, skiing and more! And yes, we have all the business benefits, such as KOZ tax relief until 2013 and a dedicated workforce. Call for your free info packet! Carbon County Economic Development 570-325-2810 (phone) 570-325-8924 (fax) visit us online at www.carbonecon.com #0912 at www.BusinessFacilities.com in additional tax revenue for the city.” Other features of the RiverView development include new raised bulkheading along the riverfront to create an elevated promenade for public use and enjoyment and a new trolley route along the river from the project to First Energy Stadium using existing railroad tracks. The project will be environmentally responsible and expects to receiveLeadership in Energy and Environmental Design (LEED) certification. RiverView will be Reading’s first green community. “This project is an excellent example of the type of private investment that has been attracted to local communities, thanks to our revitalization efforts,” says Governor Rendell. “I am excited about the overall effect this project will have on the city of Reading, along with the positive economic impact it will have on the entire state.” “This project will benefit the entire city of Reading, not just the 38 JULY 2008 http://www.bflivexchange.com http://www.carbonecon.com http://www.BusinessFacilities.com

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Business Facilities - July 2008 Contents First Word Snapshots Corporate Moves: New York The 2008 Business Facilities Rankings Report 2008 Rankings: Biotech Blasts Off 2008 Rankings: Green with Envy 2008 Rankings: Warm Climate for Business Nanotech Looms Large in Pennsylvania Metro Spotlight: Inland Empire, CA Food Processing Sites: Providing Sustenance as Well as Nutrition Sale-Leasebacks: Easing the Credit Crunch Corporate Moves: Georgia Metro Spotlight: Albuquerque, NM Advertiser Index Inside LiveXchange

Business Facilities - July 2008

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