News

Radnor reaches agreement to lease church parking lot

Published Friday, March 7, 2025

After contemplating taking it by eminent domain, Radnor Township commissioners instead approved a 10-year lease for a 28,000-square-foot parking lot in Wayne. The lot is owned by and located behind Wayne Presbyterian Church, 125 E. Wayne Ave. The rent that the township will pay to the church is 50% of the gross parking receipts, with a minimum annual rent of $30,000. Radnor has had an agreement with the church to lease the lot since 1955, which was regularly renewed without any increase. When the church suggested a higher lease price, the township considered seizing the land via eminent domain.
Source: Daily Times; 3/4/2025