$3.25M loan OK’d for Reading Phils stadium

READING - Officials have voted to approve taking out a $3.25 million loan as part of a $10 million makeover of FirstEnergy Stadium, home of the Reading Phillies.

The work will get under way in the fall. The minor-league baseball team will repay the $3.25 million loan, under the agreement approved Monday by city council.

The work includes a new main entrance through an expanded concession area along right field, upgraded field lights, a padded outfield wall, renovated locker rooms and a 450-space parking lot.

The city will kick in $1.75 million from its capital improvement budget, and the state will add $5 million.

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Information from: Reading Eagle, http://www.readingeagle.com/