Localmedium impact · 5/10substantive220524

City Leases Interstate 95 Property to Prepare for Waterfront Development and Public Amenities

Official:Authorizing the Commissioner of Public Property and the Director of Commerce, on behalf of the City of Philadelphia, to enter into a lease agreement with the Commonwealth of Pennsylvania for property within the Commonwealth of Pennsylvania’s Interstate 95 right-of-way between Spring Garden Street and Allegheny Avenue, as well as certain portions of the Commonwealth of Pennsylvania’s North Delaware Avenue right-of-way between Spring Garden Street and Allegheny Avenue and certain portions of the Commonwealth of Pennsylvania’s Richmond Street right-of-way between Spring Garden and Allegheny Avenue, to be further subleased by the City to the Delaware River Waterfront Corporation; all under certain terms and conditions.

Sponsor: Councilmember Squilla

Introduced: May 26, 2022

Signed: June 23, 2022

: Committee on Public Property and Public Works

land use leasingwaterfront development

Plain-Language Summary

This bill allows the City of Philadelphia to lease property from the Commonwealth of Pennsylvania and then sublease it to the Delaware River Waterfront Corporation for public amenities.