A local real estate mogul has used a personal line of credit to fund over $2 million worth of loans to upstart entrepreneurs in Germantown. It's part of a holistic training program that encourages local residents to rehab homes and keeps dollars in the community. Now the idea is spreading.
This innovative new tool helps municipalities turn vacant and crumbling properties into assets. In Dauphin County, the new Land Bank is developing homes and commercial spaces, and folding the profits into its next project.
This shuttered institution -- long a locus of holiday cheer, school shopping and family meals -- will be transformed into the The Lackawanna County Government Center at the Globe. It's a huge boon for the area, bringing 700 employees and thousands of visitors back downtown.
Whether it's Drexel's Schuylkill Yards strategy, the Science Center's uCity Square expansion or visions for capping and developing the rail yards north of 30th Street Station, the Philly neighborhood we see today is not long for this world.
Thanks to innovative legislation and some passionate developers, The Waterfront is coming to the banks of the Lehigh River. With its restaurants, offices, stores, green space and apartments, it will spur job growth, vibrancy and rebirth.