A low-interest loan from Dauphin County will help fund road improvements for a major mixed-use development in Susquehanna Township.
Dauphin County commissioners on Wednesday approved a $5.3 million loan through the county’s infrastructure bank to support Vartan Group Inc.’s Susquehanna Union Green project at Progress Avenue and Linglestown Road.
Susquehanna Union Green is a nearly 59-acre development that will blend residential and commercial buildings. The plan calls for 26 commercial and retail buildings, a 110-room hotel, a senior-living community with 240 apartments and 31 single-family homes.
Construction could begin in spring 2019.
The county loan — offered at 1 percent interest over 10 years — will cover all road improvements at the intersection of Progress Avenue and Linglestown Road. That includes widening portions of Linglestown and Progress, a new traffic signal at the intersection of Progress and Garrison avenues, offsite improvements at the intersection of Progress Avenue and Paxton Church Road, utilities within the PennDOT right-of-way and new sidewalks and crosswalks.
Vartan is the first developer to take advantage of the county infrastructure bank.
The county used about $1 million in liquid fuels money in 2013 to start the infrastructure bank, which offers low-interest revolving loans. Municipalities or private companies apply for loans that can be used only for transportation-related projects. As recipients repay the loans, the money is returned to the bank to fund future projects.
Presentation to county
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