Taxpayer
Tragedy
April 18, 2008
Rising into the sky, floor by floor, a
tall hotel is being built. When finished,
the hotel will tower over Penn Square
in downtown Lancaster. The hotel is
owned by the taxpayers of the city of
Lancaster, although few locals will step
inside its doors, and a private business
partnership stands to benefit the most
from it.
Today, the cost of building that hotel
and the publicly owned convention
center attached to it approaches $180
million, virtually all of it paid for and
guaranteed by the public.
It didn’t start out that way.
In August of 1999, the public was
first introduced to the idea of a hotel
and convention center at Penn Square
in downtown Lancaster. According to
published reports, the $75 million project
would include a $20 million 61,000
square foot convention center, a $7 million
expansion of the King St. Parking
Garage, and a privately funded $45
million luxury hotel in the former Watt
& Shand building (with retail shops at
street level). Funding for the convention
center would be provided by a $15
million state grant, and $15 million in
bonds floated by a new convention center...
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