|Freeman, flanked by Marcia Hahn and Julie Harhart|
The grant will be used to renovate the former WEST radio and A and D Tile buildings, as well as a vacant lot on Northampton Street. The buildings will house two commercial spaces on the first floor, 23 residential units and on-premise parking.
"This grant is welcome news for the project," Freeman said. "Anytime we can redevelop our downtown areas to take advantage of existing structures without tearing down and completely rebuilding, it is a positive outcome."
Combined, the two buildings represent a half acre of land along Easton's main street.
The Local Share Assessment Account was established by the Pennsylvania Horse Racing and Gaming Development Act, and is funded by the state's gaming facilities to support community and economic projects.
The Commonwealth Financing Authority administers and finances projects included in the Local Share Assessment Account Program. The CFA also oversees the state's Building PA program, Business in Our Sites program, PennWorks, New PA Venture Capital Investment, New Pennsylvania Venture Guarantee, Tax Increment Financing Guarantee and Second Stage Loan programs. Each of these programs is aimed at using targeted state investment to attract private capital for economic development in all regions of the state and for all types of industries.
Updated 2/1/12, 11:00 PM: The pic above was taken during an unrelated County Council meeting last year. I apologize to anyone who was misled.