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The original item was published from 5/2/2019 2:24:10 PM to 5/30/2019 6:35:02 PM.

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Cranberry Announcements

Posted on: May 2, 2019

[ARCHIVED] Township lines up partial financing for underpass

The Pennsylvania Infrastructure Bank provides an opportunity to help communities finance road projects with low-interest loans. Cranberry anticipates the start of construction on the MSA Thruway in 2020 – an underpass below Rt. 228 connecting Cranberry Woods and Cranberry Springs. However, lining up state financing for projects of that type can be a lengthy process. Accordingly, at its May 2 meeting, Cranberry’s Board of Supervisors approved a proposal to submit an application to the Infrastructure Bank for up to $9 million as a standby line of credit, in case the money is needed to keep the project moving.

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