Franklin Street Transit-Oriented Development Strategic Planning Grant
Funding Amount
$142,346
Deadline
Rolling / Open
Grant Type
foundation
Overview
Franklin Street Transit-Oriented Development Strategic Planning Grant
Status: Awarded (grant received)
Award Date: Announced in conjunction with State Senator Judy Schwank's Local Share Account Funding announcement
Funder: Commonwealth Financing Authority (PA), funded by Category 4 licensed gaming revenues through Local Share Account (LSA) funding
Geographic Scope: Greater Reading area, Berks County, Pennsylvania - specifically focused on Franklin Street area and Reading Passenger Rail Station
Award Recipient: Greater Reading Chamber Alliance (GRCA)
Purpose
To support the Franklin Street Transit-Oriented Development Strategic Planning Process, which aims to formulate the best and most appropriate course of action for redevelopment and revitalization of residential, commercial and industrial properties within neighborhoods adjacent to the train station.Project Scope
The funding supports planning efforts for potential restoration of passenger rail service to the City of Reading and Berks County through the development of a strategic plan for transit-oriented development around the train station.- Greater Reading Chamber Alliance (GRCA)
- City of Reading
- Berks County Government
- Berks Alliance
- Berks County Community Foundation
- South Central Transit Authority
- Franklin Street business owners
Partners
The Franklin Street Working Group includes representatives from:- Over $1.4 billion in income generation
- Over $1 billion in economic development
- Nearly $1 billion in tax revenue
- 28,000 person years of work
Potential Economic Impact
Reestablishment of intercity passenger rail system has potential to bring:- State Senator Judy Schwank
- State Representative Manny Guzman
- State Representative Johanny Cepeda-Freytiz
- State Representative Mark Rozzi
Supporting Organizations
- Schuylkill River Passenger Rail Authority is applying to the Federal Rail Administration's Corridor Identification and Development Program
Related Initiatives
Contact
Greater Reading Chamber Alliance Phone: (610) 376-6766 Email: info@greaterreading.orgFocus Areas & Funding Uses
Fields of Work
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