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The CCD's quarterly newsletter. In this issue- State of Center City 2019; CCD 2019 Budget Details; CCD Honors Employees at Awards Breakfast; and more.
CCD celebrated the 10th anniversary of Dilworth Park’s transformation from a desolate concrete plaza into a welcoming, active, green public space that is now the most popular year-round amenity in the heart of Center City.
Center City retail and restaurants have almost fully rebounded from the events and challenges of 2020.
Commentary by Paul R. Levy, CCD President and CEO: Philadelphia was beginning its 11th year of growth when we started researching and writing our annual State of Center City report. Then everything changed. We considered not publishing, but decided only to adjust tense in the text, reflecting current realities.
The vitality and economies of U.S. downtowns have steadily improved since 2020. This major new CCD/CPDC report measures the recovery rates of 26 U.S. downtowns since then using various metrics, including employment, hotel occupancy, retail sales, and housing prices and rents.
CCD is pleased to announce it has been awarded a $2 million capital redevelopment grant from the U.S. Department of Transportation for the second phase of the Rail Park, extending from Vine Street to Fairmount Avenue.
After decades of job loss, Philadelphia has enjoyed nine straight years of job growth that accelerated in 2014. Despite the recent upturn however, the city has rebounded more slowly than most peer cities.
Philadelphia’s Rail Park, inspired by New York City’s High Line, is one of 19 projects included in the High Line Network – a group of infrastructure reuse projects across North America.
Center City continued to show promising signs of recovery throughout the summer months, buoyed by returning conventions and office workers and increasing numbers of pedestrians who are contributing to rising retail and restaurant sales, local tax revenue, new business openings and increases in convention travel and hotel occupancy.
New report documents how Philadelphia’s antiquated tax structure restrains job growth and hinders the reduction of poverty, while limiting funding for education.