Monday, June 17, 2013

Business News in the Lehigh Valley, 6/17/13

Good morning and happy Monday, Lehigh Valley. Today is "Eat Your Vegetables Day," strategically placed in the middle of National Fresh Fruit and Vegetables Month.

In recent business news, supporters of Braden Airpark were given 120 days to arrange a deal to purchase the property from the Lehigh Northampton-Airport Authority. "The authority wants to sell Braden and other properties to help pay off an estimated $16 million legal judgment that ended a lawsuit in 2011." Roughly 40 planes remain at Braden Airport, the only general aviation airport in Northampton County.

Today begins the construction on the Route 22 toll bridge between Easton, PA and Phillipsburg, NJ. The highway will be slimmed down to just one lane over the bridge for the next year and a half, as part of a $30.6 million project to rehabilitate the 75 -year-old bridge. Motorists are urged to take alternate routes during the construction period to cut down on traffic congestion along the bridge.

Lehigh Valley and Warren County are beginning to see signs of a resurgence for new home construction, according to Forks Township zoning officer Tim Weis. Weis says he’s seeing signs of recovery over the last six months, issuing between seven to eight permits per month and expects a 25% increase in housing starts compared to the previous year.

Vacation travel is picking back up across the country, with leisure travelers' hotel bookings for the next 12 months up 4.6%.



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