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City Council OKs $3.6 Million Grant Application to Revitalize Billy Penn Warehouse and Golden Block Neighborhoods

Official:Authorizing the Philadelphia Authority for Industrial Development ("PAID") to file an application with the Office of the Budget, Commonwealth of Pennsylvania, under the Redevelopment Assistance Capital Program, in an aggregate amount not to exceed Three Million Six Hundred Thousand Dollars ($3,600,000) to assist in the development of Billy Penn Warehouse (413 Hope Mission Ministries) and El Centro de Oro "Golden Block"; and authorizing the City to enter into an agreement with PAID in furtherance of grant requirements; all under certain terms and conditions.

Sponsor: Councilmember Mariano

Introduced: December 1, 2005

Signed: June 15, 2006

: Committee on Finance

economic development planning

Plain-Language Summary

This bill authorizes the Philadelphia Authority for Industrial Development (PAID) to apply for a $3.6 million grant from the Commonwealth of Pennsylvania to help develop the Billy Penn Warehouse and El Centro de Oro 'Golden Block' areas. The City will provide matching funds for the project, which aims to revitalize blighted areas through renovations and improvements.