Gov. Tom Wolf Thursday announced $500,000 in funding to redevelop the 48-acre IAC brownfield site in Carlisle Borough, Cumberland County by Carlisle Productions, Inc.
“This formerly developed site will receive new life – and new opportunities – with this funding,” Gov. Wolf said. “By redeveloping this expansive site, Carlisle Borough will extend both its downtown footprint and make progress on its brownfield plan, adding jobs and economic development opportunities at the same time.”
The property consists of 25 acres of former manufacturing facilities and 23 acres of unimproved land. Redevelopment of the site is a top priority of the Borough of Carlisle’s Urban Redevelopment Plan and EPA Areawide Brownfield Plan.
The project will transform the site into a vibrant extension of downtown Carlisle by developing the site into a mixed-use development featuring retail, office, restaurant, hotel, and market-rate housing.
Funds will be used to complete on-site preparation work for the development. An estimated 220 jobs will be created within five years of completion.
“The project is expected to create more than 220 local jobs over the next few years and will enhance Carlisle’s local tourism industry by better connecting key economic hubs to the downtown,” said Sen. Mike Regan (R-Cumberland). “In addition, the project will offer new hotel and retail amenities within walking distance of Carlisle’s largest attractions.”
Supported through the Redevelopment Assistance Capital Program, funding will support critical expansion projects, some of which will provide opportunities for additional economic development.
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