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Williamsport OKs transfer of three FTA‑funded buildings to River Valley Transit Authority
Summary
Council approved transferring three buildings built with FTA funds to RVTA, but staff emphasized reversionary restrictions tied to federal funding (roughly 80% federal share) and negotiated transitional rent concessions; RVTA board approval remains required.
Lisa Grimes told council that after months of negotiation city staff had a resolution to transfer three properties built with Federal Transit Administration funds — identified as Trade & Transit 1, Trade & Transit 2 and the Church Street parking deck — to the River Valley Transit Authority.
Grimes said the properties were originally funded roughly…
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