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 Seven Million Dollars ($7,000,000) to assist in the development of North Philadelphia Health System, the Old Metropolitan Opera House and Progress Plaza; and authorizing the City to enter into an agreement with PAID in furtherance of grant requirements; all under certain terms and conditions.
Sponsor: Councilmember Clarke
Introduced: September 21, 2006
Signed: October 26, 2006
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill authorizes the City of Philadelphia to file an application for up to $7 million in state funding under the Redevelopment Assistance Capital Program to support three projects: renovating a hospital facility, an opera house, and a retail center in North Philadelphia.
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