Never a better time to invest in Scranton PA!

[Marc Winter]

Yesterday, July 1, 2019, Scranton Mayor Bill Courtright resigned.  This morning, July 2, he met with federal officials and entered a guilty plea to the federal felony charges of bribery, extortion, conspiracy and not playing well with others.  He faces 30+ years in federal prison, and about of $750K in fines.

So, it would seem that over the last 5 years, what my contractors were telling me about having to pay-to-play is now proven to be dead-on true.  (No one doubted them--just couldn't prove it until now!)

Scranton real estate investors are now in a position to play on a more even field.  Many locals feel that the time has come for the feds to continue to clean house at city hall, including the licensing/permit office who, at the direction of the former Mayor, has kept many qualified contractors from doing work in the city (if they didn't know the 'right people') which in turn caused repair, maintenance and construction prices to remain artificially high for property owners.  

Contractors that don't have to pay bribes to do business, may reduce their prices.  Wouldn't that make a pretty picture!