New interchange to be built on Route 33
New interchange to be built on Route 33
The last piece of a puzzle that will allow development of 690 acres of land in Palmer Township is now in place.
The tax incremental financing, better known as TIF agreement needed to be passed by three bodies.
The Northampton County Council, the last of the three, gave its approval Thursday night.
Palmer Township and the Easton Area School District already voted to approve the TIF. That means a new interchange will be built at Route 33 and hopefully bring in a lot of new businesses.
The vote was so important mayors weighed in.
"I'm here basically to support it, said Easton Mayor Sal Panto. "You have a letter from me that I wrote several months ago in support of the TIF."
Most of the Northampton County Council members said tax incremental financing needs to be approved in Palmer Township.
"I think it's a major step forward for Northampton County, for Easton, Northampton County, and the municipalities that are also included," added Republican councilor Bruce Gilbert.
The 20-year bond will help develop 690 acres of land owned by the Charles Chrin Companies.
It will also build a $33 million dollar interchange on Route 33 in near Stockertown in Palmer Township.
That piece of road that will help a lot of people.
"Stockertown has problems on the north end going out on the interchange on 33 up there," said David Colver, chairman of the Board of Supervisors in Palmer Township.
"Tatamy has an issue with truck traffic, Nazareth borough has an issue with truck traffic so everybody is getting a little piece of something out of this."
The new interchange will also provide access to the land and hopefully create a lot of business opportunities.
"There will be a mixture or there's projected a mixture of office, retail, industrial, and distribution. So we expect to see all of this at the site," said Industrial Development Authority Executive Director Alicia Karner.
"I think now this will put the project on rocket fuel," added Colver. "The bond people can go ahead and start their project, the engineering people can finish all of that."
In a separate agreement, the Chrin company and Northampton County reached an agreement that part of the land sales of the project will help fund farmland preservation.
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