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
Done Deal: 695 Delaware Avenue – Buffalo Rising
Ellicott Development has expanded it local property portfolio. Ellicott’s 4628 Group Inc. purchased 695 Delaware Avenue on Wednesday for $1.025 million. Fred Kaplan Living Trust was the seller. The 8,454 sq.ft., three-story barn-like structure with mansard roofed addition is occupied by media production and marketing firm Crosswater Digital Media. It was the home of WKBW radio for a number of years. The property totals 0.4 acres in size with a large parking lot fronting Delaware Avenue.
The property is bookended by the Westbrook Apartments and Wilcox House apartment buildings, both ten-story structures. It sits across the street from 700 Delaware, the former Computer Task Group Building Ellicott purchased in 2018 and is now occupied by the NYS Department of Environmental Conservation.
Delaware
Man, 77, dies after collision with teen driver near Hartly, police say
What to do if you come across a serious car accident
What to do if you come across a serious car accident
A 77-year-old man died following a two-car crash near Hartly on the morning of Dec. 10, Delaware State Police said.
The man, from the Dover area, has not been identified by police pending family notification.
According to police reports, the man was driving a Honda Accord east on Judith Road approaching Hartly Road about 9 a.m., as an 18-year-old woman was driving a Ford Focus south on Hartly Road approaching Judith Road.
Police reported that a preliminary investigation shows the Honda moved from the stop sign into the Ford’s path, causing a collision.
The man was pronounced dead at the scene. The woman, from Hartly, was treated at the scene. Police said she refused to be taken to a hospital.
Send tips or story ideas to Esteban Parra at (302) 324-2299 or eparra@delawareonline.com.
Delaware
Delaware County approves 19% property tax hike in 4-1 vote
MEDIA, Pa. (WPVI) — Delaware County Council voted 4-1 Wednesday night to approve a budget that includes a 19% property tax increase, despite objections from residents.
Property owners with a home assessed at $255,000 will pay about $188 more annually under the new budget, which takes effect next month.
Before the vote, some residents urged council to reconsider.
“I ask council to revisit the proposed budget, forgo voting tonight, avoid solving the entire deficit on the back of the hardworking taxpayers,” said Cynthia Sabitini of Upper Providence Township.
One councilmember agreed, but most did not.
“Simply put, I feel that the increase is too drastic,” said Councilmember Elaine Paul Schaefer.
“This needs to occur. I don’t like it, but it’s what has to occur,” said Councilmember Kevin Madden.
The hike follows a 23% increase last year and a 5% increase the year before. County officials say tax hikes were minimal for a decade, forcing steep increases now.
The current all-Democratic council argues they’re righting the financial ship after past Republican leaders didn’t do enough.
“For the first time in more than a decade, this budget puts Delaware County on track to have a truly balanced budget,” said Council Chair Dr. Monica Taylor.
County leaders say the increase addresses a structural deficit, but opponents blame spending on projects such as de-privatizing George Hill Correctional Center and creating a health department.
“How do you justify coming in with a deficit and then saying you’re repairing it after you grew it?” said Michael Straw of Media Borough Republicans.
Officials say future hikes should be minimal if the county makes any request at all, but some remain skeptical.
“I have my doubts that we won’t be seeing increases in the future,” Straw said.
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