Plans for Hamilton Crossing, an upscale shopping center proposed for Lower Macungie Township, are moving forward despite not having all the financing secured. The plaza would be anchored by Target, Costco, Whole Foods supermarket and is slated to be developed on the 63 acres that reside on both sides of Krocks Road between Route 222 and Hamilton Boulevard.
The Lehigh County commissioners have already delayed the developer's plan; in the summer they rejected the financing plan from the Goldberg Group, by a 6-3 majority vote. The project funding required a tax increment that would pay for about $7 million of the $140 necessary to break ground by late 2014, early 2015.
The tax increment financing (TIF) would take care of the money needed for public infrastructure improvements to electrical service, sewers, and the roads.
Despite the earlier setback, the developers moved forward with zoning and “conditional use” procedures (which is required for commercial property). There was a successful hearing with the Lower Macungie Zoning Board on Tuesday (10/22) and the conditional use hearing is scheduled for 11/7 before the Lehigh County Commissioners Board.
Hopefully the same board will grant the Goldberg Group another TIF hearing this year; this financing is vital to the shopping center keeping many of the commitments for the other 30 tenant spaces that will be available.