Skip to main content
  1. News
  2. Business & Finance
  3. Industry

Reading wants to imitate Allentown in its downtown revival

See also

The City of Reading wants to be like in Allentown, in one respect; they want to kick-off a downtown revival that's comparable. Allentown will probably receive $1 billion or more in construction development projects through its Neighborhood Improvement Zone (NIZ) designation.

Unable to obtain an official NIZ designation, Reading is hoping to create more jobs, revitalize bad neighborhoods, and fix up the downtown through private investment in the city.

The Reading Redevelopment Authority lists a 50 acre site that the city would like to turn into a light industrial park to attract manufacturing business.

The city also announced plans for a $60 million Doubletree Hotel next to the Santander Arena, formerly the Sovereign Center.

So far, Reading has received a Main Street designation, which it will use to create more and customize existing downtown retail spaces.

Also, the Municipality of Morgan, which is directly outside Reading city limits, is home to a consortium that owns thousands of acres available for development. The area that is right off the Reading turnpike exit, and most visible from the highway, has 206 acres that were designated as a Keystone Opportunity Zone.

Advertisement

News

  • Baseball Hall of Fame
    The Baseball Hall of Fame in Cooperstown welcomes six new inductees
    Video
    Video
  • 2012 do-over
    If we were to re-do the 2012 election, a new poll suggests Romney would win
    Politics
  • Boko Haram
    Boko Haram kidnaps the wife of the vice prime minister of Cameroon
    World News
  • Ceasefire breaks
    Israel's Benjamin Netanyahu claims Hamas broke another brief ceasefire
    Gaza
  • Close call with CME
    Scientists tell how Earth survived a giant solar flare back in 2012
    Space
  • Comic-Con
    What's going on at Comic-Con? Get all the latest updates here
    Comic-Con

Related Videos:

  • Hand Injury
    <div class="video-info" data-id="518054308" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=518054308&autoStart=true"></div>
  • DashIT
    <iframe width="600" height="365" src="//www.youtube.com/embed/VoP-4QBwuj0?VQ=HD720&amp;allowfullscreen=true&amp;autoplay=1"></iframe>
  • 'Lucy' in D-Box is a funfair ride with Scarlett Johansson on your lap
    <iframe width="560" height="315" src="//www.youtube.com/embed/MVt32qoyhi0?VQ=HD720&amp;allowfullscreen=true&amp;autoplay=1"></iframe>