BUCKS COUNTY – November 21, 2022 – State Senator Steve Santarsiero (D-10) and Representative Tina Davis (D-141) announced $2 million in state funds from the Redevelopment Assistance Capital Program (RACP) will go to a redevelopment project in Bristol Township, transforming a warehouse space and creating both short-term construction jobs and permanent jobs in the area.
“This warehouse redevelopment project would be a welcome addition to Bristol Pike and the township, creating jobs for the construction phase and permanent jobs upon completion,” said Senator Santarsiero. “I’d like to thank Governor Wolf for supporting my request to dedicate RACP funds for this project, which will help grow Bristol Township’s local economy.”
“These state funds will help support the ongoing revitalization of manufacturing industries in the area through the redevelopment of an industrial and logistics warehouse,” Rep. Davis said. “I thank Gov. Tom Wolf for allocating these RACP funds to this project which will create new jobs and support industry, energizing Lower Bucks’ economy.”
The current property holds a low-occupancy hotel located at 6201 Bristol Pike. The property has been rezoned as Heavy Manufacturing, paving the way for the redevelopment. The project will include demolition of the current structure and construction of a 130,000 SF industrial and logistics warehouse that will include the addition of private water, sewer and stormwater infrastructure.
“We are ecstatic that Governor Wolf has chosen this project for RACP investment and are grateful to Senator Santarsiero and Representative Davis for everything they have done to make this project a reality. This investment will help return this property to a productive and positive use, generating jobs and tax revenues to benefit the community” said Mike S. Callahan, VP of Acquisitions and Development for Benchmark Real Estate and Benchmark Construction.
RACP is a Commonwealth grant program administered by the Office of the Budget for the acquisition and construction of regional economic, cultural, civic, recreational, and historical improvement projects. RACP projects have a regional or multi-jurisdictional impact and generate substantial increases or maintain current levels of employment, tax revenues, or other measures of economic activity. RACP projects are state-funded projects that cannot obtain primary funding under other state programs.
To learn more about RACP projects and grants, visit the Pennsylvania Office of the Budget website.