McCarter announces $75,000 grant for Jenkintown Borough to develop Cedar Street Park
HARRISBURG, Sept. 17 – State Rep. Steve McCarter, D-Montgomery, today announced that Jenkintown Borough was awarded a $75,000 state grant to help create a pocket park on Cedar Street.
“This park will be an oasis for the Cedar Street neighborhood,” McCarter said. “It will help foster community by providing the young and old a place to relax, exercise and play.”
The $75,000 grant was awarded by the Commonwealth Financing Authority, which holds fiduciary responsibility over the funding of programs and investments in Pennsylvania's economic growth. The CFA is unique among state agencies in that project approval requires five affirmative votes, four of which must come from the legislative appointees who compose the board, along with the secretaries of the Department of Community and Economic Development, the Office of the Budget and the Department of Banking and Securities.
The CFA provides funding for a multitude of projects that help businesses succeed, including those focused on development, water quality, energy infrastructure and more. The grant awarded to Jenkintown Borough focuses on greenways, trails and recreation.
The total cost of the project is $283,222. It will transform 36 acres of land on Cedar Streel into an attractive pocket park to provide the residents and visitors a unique opportunity to enjoy nature within the context of their close-knit neighborhood. Jenkintown Borough acquired the two properties with the goal of removing aging buildings that are falling into disrepair. The park will include a loop walking path, play area, storage shed and ADA parking. Additional improvements include stormwater management and ecological function.
To learn more about the CFA, visit its website.