Crayola Factory gripped in lease dispute

EASTON, Pa. (AP) - October 6, 2008

The dispute centers on whether language in the 1996 lease gives Crayola the right to renegotiate its rent or other terms when the lease comes up for renewal in 2011.

The Greater Easton Development Partnership leases space in Two Rivers Landing to Crayola. The nonprofit is closely tied to City Hall, and the mayor's economic development director serves as its executive director.

Both sides say they want the attraction to stay in the city.

Lawyers for the partnership say the lease clearly leaves the decision to renew the lease or not with the landlord. If that argument prevails, Crayola could be locked into its current lease until 2031.

Information from: The Morning Call,

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