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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.
In advance of the release of State of Center City 2018, an Op-ed by CCD president and CEO Paul Levy.
For the last two decades, Greater Center City has been the fastest growing residential section of both Philadelphia and the entire region. After a temporary dip in population, the number of downtown residents on sidewalks in Center City had rebounded to 2019 levels by the end of 2021. Rents and home sale prices held up and the number of newly-permitted residential units in both Center City and citywide reached the highest point in decades in 2021.
This edition of the CCD and CPDC quarterly newsletter includes: CCD President, Paul R. Levy's cover essay making the case for returning to work; CCD 2021 Budget Details; profiles of our essential on-street workers, Summer Park Events, New communications campaigns and CCD/CPDC Reports; How you can support downtown’s recovery.
With the end of winter less than a month away, Center City District (CCD) is planning for continuous outdoor entertainment with spring events and attractions in Dilworth Park, Sister Cities Park and Cret Park. The Rothman Orthopaedics Ice Rink and Cabin are now closed for the season, but the Wintergarden on the Greenfield Lawn presented by TD Bank will remain open through April 3 with weekly programming for families.
The just-updated Monitoring Philadelphia’s Economic Recovery monthly report from Center City District/Central Philadelphia Development Corporation provides a snapshot of current conditions and an overview of 2021 based on key economic indicators, commercial office and housing market trends, local tax revenues, transit ridership, parking volumes and pedestrian activity in Center City.
A timeline of the Center City District's first 25 years.
Center City’s commercial core is experiencing a sustained process of recovery, with new businesses opening and existing retailers moving to new, often larger locations, according to the just-released CCD/CPDC Center City Retail Update. In the first quarter of 2022, taxable retail sales in the core of Center City reached 94% of 2019 levels and restaurant sales reached 74% of 2019 levels.