Rock Lititz receives $2 million loan to build $12 million rehearsal studio
Updated May 07, 11:25 AM;
Posted May 07, 11:25 AM
Pictured is The Hotel at Rock Lititz. Located on the Rock Lititz campus, the 139-room hotel caters to visiting artists, crews and tourists.
November 14, 2018.
Dan Gleiter | dgleiter@pennlive.comPENNLIVE.COM
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The loans are to create and retain employees, grow their operations, and improve their facilities.
Rock Lititz Studio (through the EDC Finance Corporation) was approved for a 15-year, $2 million loan at a 1 percent reset rate to build a 44,400-square-foot rehearsal studio known as Studio 2. The project site is located within the Rock Lititz Campus in a 96-acre business park.
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The Bethlehem Parking Authority approved a $1.5 million, five-year emergency repair plan for the aging Walnut Street Parking Garage on Wednesday, while also affirming plans to move forward with construction of the new Polk Street garage after it was delayed by the pandemic.
South Bethlehem parking garage seen as key to East Third Street development is back on track
Updated Apr 29, 2021;
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The proposed garage’s extended limbo finally ended Wednesday afternoon when the Bethlehem Parking Authority board voted to revive plans for a 593-space deck that was estimated in 2020 to cost $19.4 million.
Bethlehem Mayor Bob Donchez sees the garage as a crucial component of the ongoing resurgence of East Third Street and notes demand is only growing. Developer Lou Pektor is pitching a mixed-use apartment building across the street. Peron Development’s ready to start the environmental cleanup of the Bethlehem Steel General Office building east annex.