A $5 million state loan has been approved for the Greater Berks Development Fund for planned projects in Reading.
The projects include a planned four-star hotel downtown, according to state Sen. Judy Schwank, a Ruscombmanor Township Democrat, and state Rep. Thomas R. Caltagirone, a Reading Democrat, both of whom announced the loan Wednesday.
The hotel to be built on Penn Street across from the Sovereign Center will boost tourism and the local economy, they stated in a press release. >>Read more…