Frankford, N.J. — The Frankford Transit Center has announced a new lease agreement with the City of Frankford to be able to operate fully as a destination destination in the city.
Frankford is slated to move from its current 4,000-seat venue at the former George Washington University campus to a new venue, which will have the capacity to host more than 40,000 people.
The facility’s lease comes with a 10-year commitment to the city and the state.
The lease, which has been in the works for years, will be effective July 1.
The city will pay the new lease to the Frankford transit center’s owners, who will continue to manage the property and operate it.
Frankford Transportation Centers will now move from a venue that was once the home of the World’s Fair in 2021 to a more modern, spacious venue, according to the company.
The city has also signed a new 10-cent-per-ride ticket surcharge for the first five years of the lease agreement, which the Frankfords said will be used to offset some of the costs associated with the new venue.
Under the new agreement, the transit center will operate as a single entity, but the Franklins said they are also looking at moving from one venue to another if it is more convenient.
Franklin County Board Chairman Jim Gagliano said the agreement with City of San Francisco is good news for Frankford.
“Frankford is getting a venue in its new home, which is a very, very exciting move for us,” Gagliiano said.
San Francisco County Supervisor Scott Wiener said he hopes the new location will attract more visitors to the county, as well as more residents to its downtown.
We are going to have a lot more visitors coming to San Francisco from the Bay Area and other areas that are going in that direction, he said.