Jul. 24, 2024
HARRISBURG – Rep. John Schlegel (R-Lebanon) announced today that the Commonwealth Financing Authority (CFA) approved more than $2 million for the city of Lebanon, on behalf of Second Sail Development, LLC, for the redevelopment of the Lebanon Steel Works site along Lincoln Avenue.
The CFA, an independent agency within the Pennsylvania Department of Community and Economic Development, holds fiduciary responsibility over the funding of programs and investments in Pennsylvania’s economic growth. Today, it approved a Business in Our Sites grant of about $632,000 and a low-interest loan of $1.7 million for the Lebanon Steel Works Creative Community Development project.
“The reclamation and restoration of this historic industrial site will help to promote business development and economic growth in our area,” said Schlegel. “The brick and timber structure has been largely unused for many years. The CFA funding will enable the developer to clean up asbestos and lead paint and help restore the building to productive use. In addition to the many new businesses and jobs this project will generate, it will also produce much-needed tax revenue.”
Representative John Schlegel
101st Legislative District
Pennsylvania House of Representatives
Media Contact: Donna Pinkham
717.260.6452
dpinkham@pahousegop.com
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