Goldenberg Group, developer for the Hamilton Crossing Center-- the upscale shopping complex that would bring Costco, Lowe's, and Target to Lower Macgunie-- had five request before the township planning commission meeting on Tuesday.
The developer received approval on four of the five items, and the last one was rescheduled to be heard at the April meeting.
Two of the requests involved adjusting boundary lines between the land purchased for development of the upscale shopping plaza and a bordering mobile home park. Additionally a request for a stand alone restaurant pad and consolidation of a sub-divided parking lot were approved.
Goldenberg is also stepping up the efforts in financing the $140 million estimated for the completion of the construction project. The developer is working with the Lehigh County board of commissioner to use a tax increment financing (TIF) plan to fund the project.
The TIF plan, allows some of the new tax revenue from the development project to be directeded to Goldenberg Group over the next 20 years, offsetting their construction costs. The remaining money goes to Lehigh County and the local schools districts: East Penn and Lower Macungie Township.