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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.
On September 28th, businesses in downtown Philadelphia will open their doors for a day of shopping, special promotions and VIP experiences for the second annual, Shop Center City Saturday, an all-day event for shoppers to explore and discover all that Center City’s retail and dining scenes has to offer.
Philadelphia’s dense, compact downtown and relatively flat topography are excellent for bicycle commuting. A survey and report by CCD shows the number of bike commuters is up.
January 2017's was the most successful Restaurant Week in the promotion’s 14-year history. The 130 restaurants that participated generated $12.8 million in revenue.
Philadelphia's post-pandemic recovery is at a critical juncture. Center City has recaptured 90% of foot traffic, and a residential population exceeding 2019 levels. But now, that progress is threatened by sweeping and drastic service cuts coupled with significant fare increases to balance SEPTA’s budget in the absence of additional state funding.