Official:Authorizing the Philadelphia Authority for Industrial Development (PAID) to purchase two properties situate at 1620 South 49th Street and 4900 Grays Avenue, under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, PAID, and the Philadelphia Industrial Development Corporation (PIDC), under certain terms and conditions.
Sponsor: Councilmember Blackwell
Introduced: April 27, 2017
Signed: June 22, 2017
: Committee on Public Property and Public Works
Status: Signed into Law, step 4 of 4
This bill authorizes the Philadelphia Authority for Industrial Development (PAID) to purchase two properties in West Philadelphia for $7 million, with the goal of redeveloping the land according to a city-industry partnership agreement.
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