Nanticoke, January 22, 2018 — State Senator John Yudichak (D-Luzerne/Carbon) and Representative Gerald Mullery (D-119) announced the opening of Exit 2 of the South Valley Parkway today.
“The opening of Exit 2 of the South Valley Parkway represents a significant milestone for this historic infrastructure investment,” said Senator Yudichak. “The communities that represent the South Valley are already reaping the economic development and job creation benefits that are associated with the South Valley Parkway. National developers like NorthPoint Development and local companies like Colours, Inc. have invested millions of dollars in the footprint of the South Valley Parkway, creating thousands of jobs in the process,” added Senator Yudichak
The $83.7 million South Valley Parkway is a 3.6-mile roadway that will connect the people and commerce of Wilkes-Barre, Hanover, Nanticoke and Newport Township. PennDOT broke ground on the South Valley Parkway in January 2016.
“As we open Exit 2 of the South Valley Parkway, we are ahead of schedule on this project and we remain on budget. We anticipate that 70 percent of the project will open over two years ahead of schedule,” said James May, District Press Officer for PennDOT.
In 2016, Northpoint Development, a privately held development firm and the largest private landlord in the US, with over $3.2 billion in assets managed, purchased 172 acres of reclaimed land along the South Valley Parkway from the Earth Conservancy. Over 2 million square feet of prime logistics space has been erected on this site and Chewy.com, an online pet retailer is the first tenant of the site.
“One of the reasons NorthPoint Development chose to invest over $100 million in the South Valley was due to the construction of the Parkway and the access it provides to the I-81 corridor. Companies like Chewy.com and other industry leaders are lining up to leverage the access that the Parkway and corridor offers to markets up and down the East Coast,” said Brent Miles, Vice President of Economic Development, NorthPoint Development.
When finished, the South Valley Parkway will include a complete reconstruction of the Route 29 Exit 2 interchange which will ease congestion issues on Middle Road and provide better access to the region’s largest higher education institute, the Luzerne County Community College (LCCC).
“The South Valley Parkway will divert traffic from Middle Road and provide a safer, more livable space for homeowners in the villages of Askam and lower Askam and a safer commute for students and staff at LCCC. Providing a better traffic flow will result in a long-term investment and will create opportunities for development in our region,” said State Representative Gerald Mullery.
The South Valley Parkway is expected to be open it its entirety in 2019.