HARRISBURG, Pa., May 10, 2013 /PRNewswire-USNewswire/ -- State Secretary of General Services Sheri Phillips today announced the commonwealth will receive more than $1 million in revenue and eliminate $500,000 in annual maintenance costs through the sale of the Embreeville Center property in Coatesville, Chester County.
"This is another example of the aggressive approach the department has adopted during the Corbett Administration to identify revenue opportunities and eliminate unnecessary expenses," Phillips said. "Selling surplus property is an area where we can contribute to the commonwealth's bottom line and ensure taxpayer dollars are being spent responsibly.
The property at 1818 Strasburg Road in Coatesville was home to a number of human services programs run through the Department of Public Welfare. The approximate 225 acres of land was officially transferred to "Embreeville Redevelopment LP" on Tuesday, May 7.
The property's 16 buildings will likely be demolished as part of tentative plans to develop residential housing on the site.
"This is great news for the commonwealth and the communities of West Bradford and Newlin townships," Phillips said. "The state has removed a costly surplus property from our inventory and placed it back on the tax rolls where the local economy will now benefit."
Phillips also noted how quickly the property was sold once the department was authorized to sell it through public, competitive bids.
"We are very proud of the relatively short amount of time it took to sell the Embreeville Center property," Phillips said. "The property went out for bid at the end of July 2012 and was sold by the beginning of May of 2013 – less than 10 months. This is the result of the department aggressively marketing, showing and promoting the property to make the process as effective as possible and yield the biggest return to taxpayers."
Media contact: Troy Thompson, 717-787-3197
SOURCE Pennsylvania Department of General Services