The authority assists in obtaining financing, site control and environmental clearances. The Authority assists in marketing the properties to potential tenants. The Authority also ensures regulatory compliance. At times, the Authority acts as a conduit for tax free bond financing. The Authority purchased the property in February 2000.
Efforts are now underway to secure a retailer for the first floor space.
Offices will be established on the second floor. Construction is expected to begin by the Fall of 2000. A devastating fire ravaged a major section of West High Street in late 1999. The Authority, working cooperatively with a number of organizations including Dickinson College, Preservation Pennsylvania, and a local bank, put together a package of financing that has allowed the Authority to purchase the property at 56 West High Street. The purchase was finalized in May of 2000 and a contract to rebuild the roof was awarded shortly thereafter.