WILKES-BARRE — King’s College confirmed Monday that it has agreed to purchase the Ramada property located at 20 Public Square for $2.7 million.
The Times Leader first reported the story in Friday’s editions.
King’s is seeking $7 million in state funding to purchase and renovate the hotel to accommodate expansion of its physician assistant program.
King’s has applied for the funding through the Redevelopment Capital Assistance Program that is proposed in Senate Bill 680. The legislation has been approved by the state House and Senate and is now in Gov. Tom Corbett’s office.
If approved, the legislation would provide the project with $7 million in state funding to be matched by the college, making for a $14 million project.
Read the story in Wednesday’s Times Leader.