Gov. Tom Corbett has awarded $2.5 million in grant funding for Lansdale Borough’s Madison Lot Redevelopment Project, part of a total $125 million Redevelopment Assistance Capital grant program for Pennsylvania.
According to Dan Sokil of The Reporter, the $125 million will go to a total of 54 projects in Pennsylvania, with Lansdale’s project being one of two in Montgomery County.
Sokil wrote that Lansdale Parking Authority Chairman and Councilman Dan Dunigan lauded state Rep. Robert Godshall, R-13, with championing the project.
The Madison Lot Redevelopment will be by BPG Properties, who owns the property. Its concept plan for the development shows a mix of retail, condos and a parking garage. The property where the Lansdale Beer Tasting Festival is held will also be developed into townhomes.
Read more Montgomeryville-Lansdale Patch stories on this topic:
- Madison Parking Lot Sold to BPG Properties
- Parking Authority Selects BPG as Madison Lot Developer