Nanticoke, October 2, 2018 – It was announced today that two Luzerne County projects received over $3.5 million in funding from the Multimodal Transportation Fund (MTF).
Valley Crest Real Estate, LP received $3 million in funding to alleviate traffic congestion in the area of the former Valley Crest Nursing and Rehabilitation facility, located off business Route 309 in Plains Township. Valley Crest Real Estate, LP is working to complete the Valley Crest Commons Project, which is the redevelopment of the Valley Crest Nursing and Rehabilitation facility. The property would be repurposed to serve as a mixed-use facility for significant retail and entertainment use, in addition to hotel accommodations. The project will create approximately 900 jobs.
In order to successfully complete the project, funding was needed for traffic improvements in the immediate areas surrounding the Wyoming Valley Mall, Wilkes-Barre VA Hospital and Mohegan Sun Convention Center, which will alleviate congestion and provide better access to the proposed Valley Commons Project.
“The Valley Crest Commons Project will transform idle land, create hundreds of new jobs, and invest in critical infrastructure upgrades to the Route 315 corridor that will greatly benefit economic development in Plains Township, Wilkes-Barre, Wilkes-Barre Township, and the greater Wyoming Valley,” said State Senator John Yudichak (D – Luzerne/Carbon)
“A critical part of completing this important project is easing the traffic congestion surrounding the Valley Crest property. The funding announced today not only improves the infrastructure in the area, but also creates opportunities for potential economic growth and development,” said State Senator Lisa Baker (R – Luzerne/Pike/Susquehanna/Wayne/Wyoming).
“We are very pleased that the Commonwealth of Pennsylvania recognizes that State Route 309 near Mundy and Kidder Streets is in serious need of modernization and expansion,” said Robert Tamburro, Trustee, General Partner for TFP Limited Real Estate and Development Management. “The proposed highway upgrades will provide adequate and safer ingress/egress to and from the Wilkes-Barre VA Medical Center and Timber Ridge Health Care Center, better traffic flow through Mundy and Kidder Streets and significant economic expansion opportunities at the Former Valley Crest Nursing Home property.”
Along with the funding for Valley Crest Real Estate, LP, Luzerne County was awarded $533,312 for necessary road improvements on North and South Beisels Road, which will include the addition of a bike lane.
The Multimodal Transportation Fund provides grants to encourage economic development and ensure that a safe and reliable system of transportation is available to the residents of the commonwealth.