Headlines: Bill Clears Way for New Riverfront Prison in Northeast Philly
7777 State Road | Image: Google Maps
It looks at though a large parcel of land along the Delaware River waterfront in Northeast Philly will be redeveloped, only not in the way that you would necessarily expect. We’ll let Jared Brey of PlanPhilly explain (emphasis ours):
City Council’s Committee on Public Property voted on Monday to approve a bill that authorizes the city to purchase a 58-acre parcel of land on the Delaware River for the purposes of building a new prison facility to replace the 140-year-old House of Correction, in Northeast Philadelphia.
The new site is located at 7777 State Road in Holmesburg and sits adjacent to the old prison, which currently houses roughly 1,500 inmates. The new bill allows the city to spend “$7,265,299 to purchase the property,” which is owned by 7777 Philadelphia Loans Associates LLC. Bridget Collins-Greenwald, Commissioner of Public Property, testified at the hearing that the new prison is expected to cost between $300 million and $5oo million.
Brey reports the bill gives the city one year to iron out the terms of the deal with the current owners, with June 2016 being the cutoff date to sign an agreement of sale on the property.
- Committee authorizes city to buy waterfront land for prison development, sell vacant lot on Kensington Ave. [PlanPhilly]
More Headlines:
- New pathway to make Wayne’s Chanticleer accessible to all [Main Line Suburban Life]
- South Street property trades hands for $12M [Philadelphia Business Journal]
- Demolition to begin soon at Baltimore and Cedar; new three-story building likely going up [West Philly Local]
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