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City Leases Football Practice Facility Pending Stadium Deal Collapse or Council Action

Official:Authorizing the Mayor, on behalf of the City of Philadelphia, to enter into Agreements with the Philadelphia Authority for Industrial Development ("PAID") providing for lease from PAID to the City of a football practice facility to be developed at Broad street and Pattison avenue and for leaseback of the said practice facility from the City to PAID, the obligations of the City under the said Agreements to become effective only in the event that ordinances necessary for the financing, development and leasing of a new football stadium are not enacted by City Council and approved by the Mayor by November 3, 2000.

Sponsor: Council President Verna

Introduced: February 17, 2000

: Committee of the Whole

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Plain-Language Summary

This bill allows the City of Philadelphia to lease a football practice facility from PAID (Philadelphia Authority for Industrial Development) and then lease it back. The agreement is conditional on City Council not passing laws necessary for a new football stadium by November 3, 2000.