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City Conveys Two Parcels to Penn and Children's Hospital Group for Further Development

Official:Authorizing the Commissioner of Public Property, on behalf of the City, to convey to the Philadelphia Authority for Industrial Development all or a portion of certain parcels of land in and about the area bounded by University Avenue, Civic Center Boulevard, Hamilton Street and 34th Street, for further conveyance; and authorizing the Commissioner of Public Property, on behalf of the City, to enter into a lease agreement to lease back a portion of the property to the City; all under certain terms and conditions.

Sponsor: Councilmember Blackwell

Introduced: November 14, 2019

Signed: December 12, 2019

: Committee on Public Property and Public Works

economic development land use university city

Plain-Language Summary

This bill allows the city to sell and lease back two properties in University City (near 34th St and Civic Center Blvd) to a new entity formed by the Trustees of the University of Pennsylvania and Children's Hospital of Philadelphia for further development. The sale is contingent on the developer agreeing to include economic opportunity plans, such as job training programs or community benefits.