Delaware
Delaware River waterfront’s economic impact in next decade could hit $10B
There was about $100 million in public funds spent between 2014 and 2024. Another $500 million in public money is expected to be spent by 2034. Unlike some waterfronts, much of the land along the Delaware River is privately held so the nonprofit had to purchase property first and improve the site.
“As a catalyst for private development to come along to get this truly Philadelphia waterfront that is world-class and a new neighborhood for the city,” Forkin said.
In the past decade, there’s been more than 1,200 new residential permits for projects under construction along the 6-mile stretch of the Delaware Riverfront compared to dozens of new commercial building permits.
And that’s been by design.
“We encourage mixed-use development on the riverfront. We want to see vibrant art scenes,” he said. “We want to see restaurants, food and beverage operations for people to gather and experience entertainment. All of that stuff is part of the plan.”
The biggest public investment will be a $329 million pedestrian-friendly highway cap at Penn’s Landing over Interstate 95, known as the Central Access Philadelphia project. The goal is to connect Center City to the Delaware River waterfront and build 12 acres of parkland.
The Penn’s Landing redevelopment is a mixed use project expected to cost $2.2 billion and will be developed by New York developer The Durst Organization. That same developer paused construction of a $300 million, 26-story apartment tower after building the foundation but promised it would pick the project back up in the coming years.
It’s unclear how much of a slowdown there will be in construction along the waterfront, as there’s more saturation in the market for residential properties and higher interest rates.
It costs about 20% more for developers to build along the waterfront due to soil conditions and other considerations, but it’s still considered prime real estate because there’s limited space to build, Forkin said.
DELAWARE COUNTY, Ohio — People in Delaware County said it feels like new housing developments are popping up on every corner.
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“What haven’t you noticed, right? The whole area just exploded,” said Scott Shonebarger.
Scott Sanders, the executive director of the Regional Planning Commission, said companies like Intel and other industries are a main driver for thousands of people moving to Delaware County.
With the big boom comes an urgent need for more housing.
John Wicks is the developer at Real Property Design and Development.
He has spent over a decade building homes for families in Delaware County.
Wicks said the Olentangy School District is one of the hottest spots for new homes.
“I started with one high school up until the 90s, then now we’re up to four up to five different high schools so it’s just a big draw,” said Wicks. “It’s a beautiful community.”
The district has grown into the fourth largest in Ohio with a new elementary school opening next year, and a fifth high school in 2028.
Wicks said the growth has presented some challenges over the years like labor shortage and some opposition.
“It’s become a big issue for a lot of people that live in and around these areas. They tend to oppose new growth and new development, so restrictions have gotten a little bit harder. Costs have obviously gone up over the last 20 years,” said Wicks.
The planning commission says between 275,000 and 350,000 people could call Delaware County home by 2040.
That’s up from 214,000 in 2020.
Scott Shonebarger said he supports growth but wonders when is enough.
“I mean to a certain extent I think you know at some point right you have to have some sort of boundaries I think, getting into the fact that now you have five high schools,” said Shonebarger. “What’s the limit?”
Police in Wilmington, Delaware, shot and killed a 19-year-old man Wednesday night.
The incident happened in a residential area near 24th and Jessup streets just after 11 p.m., Wilmington police said in a news release. The person who was shot has not been publicly identified.
Officers were monitoring a large crowd gathered outside when they saw a man exit a home with a handgun and point it toward the crowd, police say.
When officers approached the man, he ran away and a foot pursuit began, police say.
At some point in the chase, an officer fired their weapon and hit the 19-year-old. The man was taken to a local hospital, where he later died.
Police say they recovered a loaded gun from the man and that the officer was not injured.
Video filmed at the scene shows a crowd of residents gathered outside after the shooting.
Police are asking anyone with more information to come forward. The shooting is under investigation by the Delaware Department of Justice and Wilmington police.
Delaware Supreme Court Justice Karen L. Valihura announced Wednesday that she will lead a new corporate law institute at the Wilmington University Farnan School of Law.
She will step down from the bench of Delaware’s highest court in late July, after choosing not to seek reappointment at the end of her 12-year term. She revealed her plans for the next phase of her legal career in a special session of the court in Wilmington.
As well as joining the Wilmington University law school faculty, Valihura will be the founding director of the school’s new Corporate Law, Governance and Practice Institute. …
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