BERKS COUNTY CHAMBER FOUNDATION logo

Franklin Street Transit-Oriented Development Strategic Planning Grant

BERKS COUNTY CHAMBER FOUNDATION

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.

    Partners

    The Franklin Street Working Group includes representatives from:
  • 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

    Potential Economic Impact

    Reestablishment of intercity passenger rail system has potential to bring:
  • 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

    Supporting Organizations

  • State Senator Judy Schwank
  • State Representative Manny Guzman
  • State Representative Johanny Cepeda-Freytiz
  • State Representative Mark Rozzi

    Related Initiatives

  • Schuylkill River Passenger Rail Authority is applying to the Federal Rail Administration's Corridor Identification and Development Program

Contact

Greater Reading Chamber Alliance Phone: (610) 376-6766 Email: info@greaterreading.org

Focus Areas & Funding Uses

Fields of Work

community-developmenttransportation

Categories

Browse similar grants by category

Related Grants

Similar grants from this funder and related organizations

Ready to apply for Franklin Street Transit-Oriented Development Strategic Planning Grant?

Grantable helps you assess fit, draft narratives, and track deadlines — so you can submit stronger applications, faster.