About Penn Square Partners
Penn
Square Partners includes general partner Penn Square
General Corporation, an affiliate of The
High Companies,
and limited partner Penn Square Ltd. LLC, an affiliate of
Lancaster Newspapers, Inc. Penn
Square Partners was formed in February 1998 and included
Fulton Bank until March of 2007. This alliance has been actively
involved in furthering public discussion and consensus on
the revitalization of downtown. In March 2007, limited partner
Fulton Bank withdrew from Penn Square Partners in order to
play a larger role in the project by purchasing $14.5 million
in construction bonds.
Penn Square
Partner's mission is to create a meaningful and sustainable development
that will redeploy the historic Watt & Shand Building
and enhance the surrounding quadrant around Penn Square within
the context of the overall revitalization efforts of its community.
Penn
Square Partners' goal is to open the doors once again of a beloved
building that is considered "the heart and soul" of
Lancaster. Having forged a strong public/private partnership with
the Lancaster
County Convention Center Authority, Penn
Square Partners is pursuing
the redevelopment of this magnificent, historically significant
structure into a privately-owned, upscale, full-service Marriott
Hotels Resorts
and Suites Property in conjunction with an adjacent publicly owned
convention center with 80,000 square feet of exhibit, ballroom
and conference facilities.
Penn Square Partners is proud to play a significant role in Lancaster's
revitalization effort. Visit our great All-American
City and discover
all that it has to offer!
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