Wednesday, August 3, 2011

Philadelphia's "Reading Viaduct Project" featured in the New York Times


I have to be honest and say that this project would be huge for Philadelphia.

Not only would it show that we are super serious about investing in Center City and its surrounding neighborhoods, but it would help spur tons of new development.

Look at these positive stats (...so far) from the construction of NYC's High Line:

  • Construction Cost = $153 Million | Newly Generated Development = $2 Billion
  • Since High Line construction started, 29 new projects surrounding it have either been built or are underway.
  • Its a huge draw for start-ups and creative companies.

Now, I'm not saying that Philadelphia would see the same numbers as New York, but I can almost guarantee that the benefits would far outweigh the costs.

Learn more by reading this article.

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