Approving Redevelopment Contract for University City Unit 5 Urban Renewal Area

• When: 2025/06/12
• Address: 3223-3233 Race Street
• Address: 213 North Thirty-third Street, 215-217 North Thirty-third Street
• City: Philadelphia
• State: PA
• Category: Economic Development Incentives
• Subcategory: Tax Increment Financing
• Asset Class: Land
• Planning Department: True

The City Council of Philadelphia has approved a redevelopment contract between the Philadelphia Redevelopment Authority and Neighborhood Gardens Trust for a portion of the University City Unit 5 Urban Renewal Area. The properties involved are 3223-3233 Race Street, 213 North Thirty-third Street, and 215-217 North Thirty-third Street. This resolution authorizes the Redevelopment Authority to execute the contract with Neighborhood Gardens Trust, designated as the 'Redeveloper', and allows for necessary actions to effectuate the redevelopment. The contract is in substantial conformity with the urban renewal plan and redevelopment proposal previously approved by Council. The Council also declared its cooperation in carrying out the contract and requested various city officials and departments to assist.

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