This seems like a missed opportunity for either Reading or Lancaster to have a division of a fortune 500 company construct a new office tower in their respective downtowns.
"UGI Utilities starts building $35M HQ near Denver, to bring 350 jobs."
TIM MEKEEL | LNP
Quote:
"UGI Utilities said Wednesday it has started construction of a new $35 million corporate headquarters in East Cocalico Township.
The new facility of 93,000 square feet, to replace its Reading facility, will bring 350 jobs to the township when it opens in late 2018.
On 32 acres at Route 222 and the Pennsylvania Turnpike, the headquarters will be near the Pepperidge Farm bakery.
As was previously reported, UGI Utilities asked the township, Cocalico School District and the county for a substantial break in the real estate taxes it would owe on the improvements to the site, saying the relief was needed to offset the cost of coping with engineering and environmental obstacles.
The three entities agreed to a 10-year, graduated tax schedule under the Local Economic Revitalization Tax Assistance Act (LERTA), saving the company a total of $4.0 million. UGI Utilities would pay $3.5 million over that period."
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http://lancasteronline.com/business/...fcdb8db48.html