Led by the state, numerous municipalities and public agencieskicked in to sweeten the pie by about $27 million for Cabela's.

|

The state will invest $7 million, including a $1-millionopportunity grant for project construction and site costs, $1million in customized job training funds and $5 million forbuilding a ramp to improve Route 61 and other public roadways inthe district. The state will also add $5 million in capital budgetfunds.

|

Tilden Township, Hamburg School District, and the Berks CountyIndustrial Authority agreed to earmark 65% of the country,township, and school taxes earned from Cabela's and relateddevelopment during the next 20 years for infrastructureimprovements at the projected site. This contribution is estimatedat $15 million.

|

The retailer will invest at least $20 million in privatematching funds for construction of the project.

|

Gov. Mark Schweiker says in a statement the retailer's presencewould createnearly 700 jobs. "The implications of this project gofar beyond the hundredsof jobs. . .It goes even beyond all thesupport (to) jobs and businesses that will thrive alongside it.Cabela's are major tourist attractions."

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.