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Hi, I'm Lisa Scheid, managing editor of Spotlight PA's Berks County Bureau. Welcome to Good Day, Berks.
In today's business-focused edition: Maple Grove Raceway properties sold for $30 million, a distribution center sells for more than 10 times its price just four years ago, and a settlement in a beef price-fixing suit brought by a local grocery chain.
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Business Briefs
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Price-fixing settlement: Reuters reports: "Tyson Foods has agreed to pay $82.5 million to settle a proposed class-action lawsuit brought by grocers and other businesses that accused the meat and poultry giant of conspiring to inflate U.S. beef prices by restricting supply." Maidencreek Township-based Redner's Markets is one of the plaintiffs that had "accused Tyson and several other major beef producers of conspiring to charge inflated prices for retail sale-ready consumer cuts or edible boxed beef between 2015 and 2022."
Warehouse deal: A Swedish private equity firm, EQT Real Estate, paid $121 million for an Upper Tulpehocken Township distribution center, according to county property records. The 84-acre, I-78 commerce center is located on Route 183. Core 5 Industrial Partners paid about $12 million to buy the farmland in 2021.
Maple Grove sale price: The International Hot Rod Association paid $30 million for several properties that make up Maple Grove Raceway in Brecknock Township, according to county property records. The sale of the dragway was announced last month, but its price was not. With a capacity of about 30,000, Maple Grove had been among the county's top tourist attractions and a historic venue for drag racing in the U.S.
ECHL contract: WFMZ reports that the ECHL hockey league and Professional Hockey Players' Association "have ratified an agreement on a new collective bargaining agreement." The deal, which includes the Reading Royals, "ends a players strike that led to the postponement of 41 league games."
New shop: A clothing and toy store, Tav Retail, has opened on North Ninth Street in Reading, per an Instagram announcement.
Send it back: CBS takes a look at how e-commerce companies use artificial intelligence in returns in a visit to Berks-based Happy Returns.
Building help: Green Building Alliance is presenting a virtual roundtable on restoring and renovating buildings with C-PACE financing. Register here.
Weigh in: The Berks County Planning Commission is seeking community feedback in developing a new comprehensive plan. You can participate in a survey here. |
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Matt Rourke / AP |
Big Story: Authority Worries
As Republican lawmakers look ahead to the next year of the Trump administration, some have started to appear more comfortable criticizing the president's most controversial policies, including his administration's military escalation in Venezuela. Read the full report from our partner NOTUS →
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🧩 The Puzzler
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An anagram is a word, phrase, or name formed by rearranging the letters of another. For example, "spotlight" also forms "stoplight." Decode the anagram and send your answer to gooddayberks@spotlightpa.org. Answers submitted by 4 p.m. on issue date will be counted. Please include your first name and last initial. We'll shout out winners here, and one each week will get some Spotlight PA swag.
M U T I S M
Yesterday's answer: KITCHEN
Congrats to our daily winners: Jackie S., Kim S. Joel J., Carol H. ,Rose P, Kevin M., Craig W., Mike B., Jasperdean K., Sharon B., Don H., Marie F., Jeanette F., Barry G., Charlotte Z., Priscilla S., Joe D., Susan N-Z., Mary Lou J., Connie M., Joanna C., Stephen Z., Michael T., Lisa S., and Leann T.
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Spotlight PA Berks Bureau
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Kutztown, PA 19530
United States
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