Nanticoke, August 24, 2018 – It was announced today that the Waterfront Warehouse Conversion Project in Pittston was awarded a $2 million Redevelopment Assistance Capitol Program (RACP) grant.
The funding will be used to help turn the underutilized warehouse into a mixed-use facility that will house 27 apartments, a food court that will be used by students from the recently opened Luzerne County Community College M&T Bank Educational Center in downtown Pittston, office space, and a business incubator that will have space for 36 units.
“Today’s announcement of RACP funding for the Waterfront Warehouse Conversion project in Pittston is yet another positive step towards the City’s revitalization,” said Senator John Yudichak. “The repurposing of this former warehouse facility into a state-of-the-art multi-use asset along the Susquehanna River will create the opportunity for continued economic growth in Pittston and our core cities in Luzerne County.”
The rehabilitation of the 101,997-square-foot building, which is located at the corner of East St. and Kennedy Blvd. will be managed by Waterfront Management Group, LLC
“The city is excited and appreciative of today’s announcement regarding RACP funding for the Waterfront Warehouse Project. This property represents the largest physical structure within our city limits. The building also has a long history and the thought of it being back to 100 percent use is a great symbol of the future of the city,” said Pittston Mayor Mike Lombardo. “The completed project will be a transformational project for our city and will yield significant return in terms of availability of space, new tax revenue and new job opportunities.”
The Redevelopment Assistance Capital Program is a Commonwealth grant program administered by the Office of the Budget for the acquisition and construction of regional economic, cultural, civic, recreational, and historical improvement projects.
Senator Yudichak worked with State Representative Mike Carroll (D – Lackawanna/Luzerne) to help secure the funding for this project.