Penn’s Landing, a waterfront area in downtown Philadelphia, is a beloved and popular place for tourists and residents. Penn’s Landing is a spot where many events take place, such as Spruce Harbor Park, and there are many delicious restaurants nearby. However, you get a not-so-great view of I-95 on your way to waterfront.
Luckily, the city raised a total of $225 million that will go to changing not only the view but also the city itself. Until recently, Philly was in need of $10 million more to make this project happen. With help from PennDot and The William Penn Foundation, Mayor Jim Kenney and Governor Tom Wolf disclosed that the funding to reshape the waterfront is secured. A four-acre cap will be built over I-95 and Colombus Boulevard, and it will feature a new skate rink, Irish and Scottish memorials, a café, spray pools, and more!
The South Street Bridge will also be extended, so more construction jobs will be available. There will also be more public spaces for tourists and residents to hang out in. With this upcoming development, Penn’s Landing will become even more of a community space. In addition, there will be more space created for housing, retail and restaurants, and hotels. Mayor Kenney commented that, “this project is once-in-a-generation economic development opportunity,” which will allow significant economic growth in the city.
It is expected that the city will generate about $1.6 billion in revenue. Although this project will take a few years to complete, the city is currently preparing to redesign. The redesign process should take about two years. With this vision, Philadelphia will see improvement in both economy and tourism.