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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.
At a fundraiser at Dilworth Park attended by 650 people, business leaders marking the 25th anniversary of the Center City District and the 60th anniversary of Central Philadelphia Development Corporation gathered as the Center City District Foundation (CCDF) announced an expanded role and new board.
This new CCD/CPDC report analyzes the housing sector recovery in Philadelphia. While the pandemic impaired many parts of Philadelphia’s economy, both Greater Center City and citywide housing markets showed extraordinary resilience in the last year, buoyed by historically low interest rates and continued interest in city living.
Dilworth Park is preparing a full lineup of summer fun. Guests of all ages are invited to enjoy a variety of programs and free events, which include outdoor movies, live music, pop-up markets and more!
Center City retail and restaurants have almost fully rebounded from the events and challenges of 2020.
This spring edition of the CCD/CPDC quarterly newsletter includes: CCD President, Paul R. Levy's cover essay about the current status of recovery in Center City and what’s required from local leaders as well as details about CCD's 2023 budget, leadership transition, employee service recognitions, upcoming CCD park events and the latest CCDF supported initiatives.
This report compares Philadelphia to five other urban areas in United States. It documents how Philadelphia lags in firms that sell services nationally and globally, but suggests that if we replicate the success achieved by others, we will grow more family-sustaining jobs and a prosperous network of small, local businesses.
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.
Sidewalk cafés have increased by 439% since the Center City District (CCD) began surveys in 2001 and now number 372 with 5,579 seats at restaurants, cafés, bakeries, and ice cream parlors between Vine and South Streets, river to river, according to a new report from the Center City District/Central Philadelphia Development Corporation.