Lebanon County officials have granted a three-year extension for a significant redevelopment project in Palmyra, aimed at transforming a blighted industrial site into luxury apartments. The decision, made during the Lebanon County Commissioner Meeting on March 20, 2025, allows the developers until September 1, 2028, to file for tax exemptions under the Local Economic Revitalization Tax Assistance (LERTA) program.

The project, which was initially proposed in September 2022, has faced challenges, including rising construction costs and a lack of support from the local school board. The developer reported that despite multiple attempts to engage the school board for assistance, their proposals were not considered. Nevertheless, the project has garnered support from local officials, including the borough manager and council members, who believe it will benefit the community.

The redevelopment plan has evolved to include a total of 145 apartments, divided into three phases. The first phase will feature a 92-unit luxury apartment building, while subsequent phases will add a 45-unit market-rate building for residents aged 55 and older, and an additional eight-unit building. The project is expected to significantly increase tax revenues for the county, with estimates projecting a rise from approximately $700 annually to $49,000 once fully completed.

Concerns were raised during the meeting regarding parking availability for the proposed units, with some officials questioning the adequacy of the planned parking spaces. The developer assured the board that extensive studies had been conducted to ensure sufficient parking for residents.

Despite some opposition, the motion to extend the LERTA was passed, reflecting a commitment to revitalizing the area and addressing the housing shortage in Lebanon County. The project is seen as a crucial step towards improving the local economy and enhancing the community's living conditions.