Conestoga River Plaza

EDC Finance and the Commonwealth Financing Authority have approved a $1,550,000 Building PA loan to assist with the development of Conestoga River Plaza, a new gateway multi-tenant retail facility on South Duke Street in the City of Lancaster. The significant project has been led by the Spanish American Civic Association and SACA Development. A groundbreaking was held on May 18 to celebrate the coordinated public-private financing package that includes the Pennsylvania Department of Community & Economic Development Building PA loan, facilitated by EDC Finance; an Economic Development Administration grant from the US Commerce Department; New Markets Tax Credit investment through Community First Fund; support from the City of Lancaster through the City Revitalization & Improvement Zone Authority; and lending from Fulton Bank. Upon completion, Conestoga River Plaza will house up to six retail tenants in two newly constructed buildings.