Audubon Land Development of Oaks, Montgomery County, Pennsylvania, bought the old Reading Works in December 2005 for an undisclosed amount. Agere Systems spokesman Glen Haley confirmed the deal. Agere Systems had been asking for $8 million for the property, but Haley and Call declined to disclose the purchase price. The assessment of the property was lowered to $9.5 million from $26.3 million after Agere Systems appealed. On Tuesday, March 14, 2006, Urban Expositions, a Georgia-based trade show company, announced it would hold the 10th annual Philadelphia Gift Show at the Reading center July 23–26, 2006. The facility is being called the Greater Reading Expo Center. A company press release calls the event, with an expected 1,400 booths, the largest regional gift show in the country. Gene Call, an Audubon spokesman, said Audubon's subsidiary, Stonepoint Management Corp., which is leasing the Agere Systems building, would run the exposition center. Stonepoint would use , he said. Stonepoint is exploring other uses but has not made firm plans, he said.