Community Initiatives Development Corporation
"For the purpose of lessening the burdens of government"
CIDC assisted in financing for Our City Reading’s $12 million Arts Center, which included a $4.3 million Section 108 loan, a $3 million grant from the Commonwealth of Pennsylvania, the syndication of Historic Tax Credits and the donation of the 165,000 sq. ft. former industrial space. The mixed-use project contains an art center, five galleries, a theater for art and foreign films and workspace for at least 60 artists. Reading Community College committed to rent space in the project to house its arts program. The largest facility of its kind in the United States, Goggle Works opened its doors in September 2005.
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