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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.
CCD is resuming work on enhancements to the Discovery Garden, which will expand the park’s opportunities for play with new components that engage children from a broader range of ages.
To support local restaurants, CCD is providing a new, evening outdoor dining experience adjacent to Dilworth Park’s fountains, with live music and cocktails to-go for those who purchase take-out from nearby restaurants.
New report documents how Philadelphia’s antiquated tax structure restrains job growth and hinders the reduction of poverty, while limiting funding for education.
CCD has started construction on a new coffee kiosk at the southern end of Dilworth Park adjacent to 15th Street with the installation of foundations and plumbing lines. This follows approval by the city’s Historical Commissionand the Art Commission. The coffee kiosk will open in April.
Foot traffic in the core of Center City rises through late 2022 and into 2023
With pedestrian volumes on Center City sidewalks last month reaching the highest point since March 2020, the CCD is expanding its existing clean and safe programs by launching an additional uniformed, unarmed bicycle safety patrol within the District during afternoon and evening hours. This new shift will focus on entertainment and dining areas from 3 p.m. to 11:30 p.m. to support significant increase in returning shoppers, visitors & workers.
Jobs are back, salaries are rising, Center City’s population continues growing, conventions, tourism and retail are all rebounding, and pedestrian vitality is almost fully restored in many portions of the downtown. Office vacancy, however, is rising, challenged by a partial return to office and reinforced by a wage tax that encourages suburban residents to remain remote.