8:05 AM

Boscov Bailout Boondoggle

Posted by Skye |

Snyder County refuses Boscov Bailout!

Al Boscov made a sales pitch to Snyder County last week, asking the county's commissioners to approve a federally backed loan to help him complete his purchase of the Boscov's department store chain.

Nonetheless, Snyder County commissioners voted 2-1 against supporting the loan.

Snyder was one of seven counties being asked to support $5 million in loans from the U.S. Department of Housing and Urban Development, or a total of $35 million. Snyder County is the only one to refuse, so far.

Story still developing.

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