Headlines: The Divine Lorraine, Comcast Grab State Grants
We’re back with an update from the Redevelopment Assistance Capital Program (RACP) again, where a few major projects in the Philadelphia area got the thumbs up (at least partially, in most instances) for grants aimed “to attract and retain jobs in Pennsylvania by targeting large, economically transformative projects for development,” according to the RACP website.
EB Realty Management Corp. was granted $3.5 million of the $5 million for activation of the Arcade at the Divine Lorraine Hotel. Liberty Property Trust landed $10 million for “infrastructure costs related to” the in-progress Comcast Innovation and Technology Center. The Philadelphia Museum of Art $5 million for “infrastructure renovations and improvements.” The two behemoths on Market East, East Market (Girard Square) and the The Gallery, were awarded $2.5 million, respectively. $3.7 million went to the development of the Chinatown Community Center, also known as the Eastern Tower Community Center.
For a look at some of the major projects that did, and didn’t, make the cut (they can re-apply), check out Joe DiStefano’s column in The Inquirer below.
More Headlines to Make Your Monday Special:
- How Lacoda aims to disrupt the market for construction loans [Technical.ly Philly]
- Chester mayor prods PPL officials for greater economic input [The Inquirer]
- Temporary settlement with PHA gives hope for outdoor space near Queen Lane Apartments site [Newsworks]
- Top 10 Most Likely Architectural Advancements in Next 50 Years [Sustainable Cities]
- Lower Merion Township, library board agreement moves Gladwyne renovation forward [Main Line Times]
Get at us:
- Send all tips (including fancy Philly area houses like this and this) to [email protected]
- Like Property on Facebook!
- Follow along on the Twitter machine @PropertyPhilly
- Get pin-happy on our fun Pinterest boards Phillyscape and Philly Home