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Penn Market bids far exceed construction budget; RDA to pursue grants, tax credits
Summary
Bids for the Penn Market renovation came in at about $6.9 million versus roughly $2.6 million budgeted for construction. The York City RDA agreed to pursue state RACP funds, historic tax credits and foundation support to close the gap and to evaluate alternates and sponsorships for the community room.
Bids for the Penn Market renovation arrived substantially higher than the Redevelopment Authority of York City anticipated, prompting the authority to push staff to pursue additional grant funding and incentives to close an estimated multi‑million‑dollar shortfall.
Speaker 2, a staff member, told the board that the authority currently has about $2.6 million available for construction but “our bids came in at about 6.9,” leaving an “about 3 and a half to $4,000,000 delta.” The bids arrived across multiple trades, with four general‑contractor bids, plumbing and…
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