Farnese: $2.1 Million in State Financing Approved for Philadelphia Transportation Projects

Harrisburg – November 14, 2017 – State Sen. Larry Farnese (D-Philadelphia) said today that $2.1 million in state grants were approved for six greenways and transportation-related projects in Center City and along the Delaware Waterfront in Philadelphia. 

“The funding approved today will enhance leisure opportunities and transportation in Center City and along the Delaware River,” Farnese said.  “There were a wide variety of projects encompassing public transportation, bike stations, sidewalk, pedestrian, and green space improvements that were approved.”

According to Farnese, the Commonwealth Financing Authority (CFA) met today and approved Greenways, Trails and Recreation projects, in addition to multimodal applications.  The $2.1 million in grants include: 

  • Delaware River Waterfront Corporation for Pier 9 Park Development ($250,000);
  • City of Philadelphia for park and landscaping upgrades at The Parkway at Park Towne Place ($50,000);
  • National Real Estate Development to replace headhouse and bus stop at East Market ($376,736);
  • City of Philadelphia for pedestrian safety improvements on Pennsylvania Avenue near the Philadelphia Museum of Art ($436,340);
  • City of Philadelphia for road and sidewalk improvements to Century Park at Park Towne Place ($848,485);
  • City of Philadelphia to add four Indego bike share stations ($138,439).

“The projects approved today are a nice blend of bike and pedestrian improvements, in addition to supporting new development with infrastructure upgrades,” Farnese said.  “These grants will make our already appealing city a more desirable attraction for not only recreation and tourism, but also for potential new residents looking to settle down in Philadelphia.”

Farnese said that multimodal grants are designed to generate new economic development opportunities and foster the development of an integrated transportation network. 

The CFA was created in 2004 to administer Pennsylvania’s economic development programs. 

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