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New Castle, PA (2022)

New Castle Mixed-use

Revitalization of the corridor buildings leading into downtown New Castle, PA.

Investment

  • NMTC Amount: $1,200,000
  • Total Project Cost: $1,200,000

IMPACT

  • 13 FTE jobs
  • 12 construction jobs
  • The project also retains a total of 10 existing jobs.
  • 115,500 sq. ft. of real estate

CDEs

Investor

Project Description

Revitalization of the corridor buildings leading into downtown New Castle, PA. These buildings are located immediately outside of downtown New Castle and form the gateway into downtown. The buildings had fallen into a state of decay over the years, but the borrower resolved to restore the corridor. This project will assist in preventing more buildings from going dark and helping the borrower continue its other revitalization efforts that are beginning to draw private investment into the area. The borrower is already seeing private businesses ranging from insurance companies to restaurants investing in the area, catalyzed by their revitalization efforts already underway.

MAP

Address: 346 East Washington Street, New Castle, PA 16101

Census Tract:

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