City Officials Looking for Broker in Philadelphia Gas Works Sale

Taking a page out of the Monopoly playbook, the Nutter Administration has settled on selling off some utilities to help keep the city afloat–specifically, the Philadelphia Gas Works. Officials this week began looking for a broker for the deal, which analysts say could net the city a profit of anywhere from $146 million to $496 million. Apart from San Antonio, Philly is the only city in the country to own its own gas company, so that should bolster officials’ decision on the sale. And besides, there’s not many better options, Baltic Ave. is only worth like $60. [Newsworks]