Connect with us

Delaware

Delaware River waterfront’s economic impact in next decade could hit $10B

Published

on

Delaware River waterfront’s economic impact in next decade could hit B


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.

Advertisement

“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.

Advertisement



Source link

Delaware

Thomas Jefferson University to run Delaware’s first medical school

Published

on

Thomas Jefferson University to run Delaware’s first medical school


Thomas Jefferson University is opening a regional campus of its Sidney Kimmel Medical College in Delaware, an effort that will result in the state’s first medical school.

Jefferson beat out three other bidders to establish the four-year program in partnership with the state. The other bidders were the Philadelphia College of Osteopathic Medicine, the consulting firm PriceWaterhouseCoopers and Ponce Health Sciences University in Puerto Rico, Spotlight Delaware reported.


MORE: SEPTA reopens underground concourse connecting Walnut-Locust and City Hall stations


The inaugural class of 40 medical students will begin instruction in July 2028. Initially, the campus will be based at the University of Delaware in Newark, with Jefferson faculty providing instruction. A permanent home for the campus is still being finalized, the Inquirer reported.

Advertisement

The medical students will receive 18 months of preclinical training on campus before receiving clinical training from healthcare providers in Delaware’s southern counties, where the state’s physician shortage is most deeply felt. That shortage is compounded by an aging population, Delaware officials said.

“Jefferson is committed to being part of the solution to Delaware’s physician shortage,” Jefferson CEO Dr. Joseph Cacchione said in a statement. “We are proud to help build a future where every Delawarean has access to the care they deserve. Jefferson is all in.”

The school’s creation is being supported by $157.4 million from the Centers for Medicare and Medicaid Services.

Delaware is one of three states without a Doctor of Medicine or Doctor of Osteopathic Medicine program. Since the late 1960s, Jefferson and the Philadelphia College of Osteopathic Medicine have reserved seats for Delaware students.

“Sidney Kimmel Medical College has trained generations of physicians for more than 200 years, more than any other medical college in the country,” Said Ibrahim, dean of Sidney Kimmel Medical College, said in a statement. “It is a privilege to bring our mission to Delaware’s patients and communities.”

Advertisement

Jefferson has announced several expansions recently. The university is establishing a full-time doctor of nursing practice-nurse anesthesia program and several online graduate programs at the Lehigh Valley Health Network Center for Healthcare Education in Lehigh County. It also is opening a satellite respiratory therapy lab at Lehigh Valley Hospital-Cedar Crest in Allentown.



Source link

Continue Reading

Delaware

Delaware is getting its first medical school, with classes set to start in 2028

Published

on

Delaware is getting its first medical school, with classes set to start in 2028


Delaware officials said medical students will start their classroom instruction at UD and then do their clinical training at offices and health care systems in Kent and Sussex counties, where the shortage of doctors is most acute.

However, ChristianaCare, which has its own partnership with Jefferson, is not participating. The state’s largest health care system was part of Philadelphia College of Osteopathic Medicine’s unsuccessful bid to operate the school. In a joint statement from ChristianaCare and PCOM, the two organizations expressed disappointment with not being part of the consortium of higher education institutions and healthcare organizations.

“The path forward raises genuine questions about whether the school’s goals can be fully realized without ChristianaCare’s meaningful participation in its clinical training mission,” it said. “The success of any four-year medical program depends not just on an academic institution, but on a true and committed partnership with its clinical partners — one built on shared mission, mutual investment and trust developed over time.”

Students in the first class can get their tuition subsidized, covering all of their education costs, in exchange for an agreement to work in rural Delaware for five years.

Advertisement

Running the medical school is expected to cost Jefferson $78 million over the next five years. The money is from a federal rural health grant through the Rural Health Transformation Program, which congressional Republicans created in the so-called “One Big, Beautiful Bill Act.”

The program will give $50 billion to every state over five years, though exactly the total each will eventually receive is unclear. Half of the money is to be distributed equally to states and the other half is awarded by the Centers for Medicare and Medicaid Services based on a variety of factors.

The state applied for $1 billion late last year to improve health care in Kent and Sussex counties. The Trump administration has so far allocated Delaware $157 million. Delaware is expected to receive at least $500 million over the life of the fund.



Source link

Advertisement
Continue Reading

Delaware

Crash closes U.S. 42 in both directions in Delaware County

Published

on

Crash closes U.S. 42 in both directions in Delaware County


play

A crash shut down U.S. 42 in Delaware County in both directions June 2.

As of 7 a.m., U.S. 42 was closed from U.S. 23 to Jegs Place near the Delaware Municipal Airport.

Advertisement

It was not immediately clear whether anyone was injured in the crash or when the roadway would open.

This is a developing story and will be updated

Public Safety and Breaking News Reporter Bailey Gallion can be reached at bagallion@dispatch.com.



Source link

Advertisement
Continue Reading
Advertisement

Trending