PHILADELPHIA | Highrise Development Thread IX

[Outta here]

It appears population statistics can be what ever publishers want them to be .
I remember a while back where one estimate said Phoenix was larger than
Philly in population , only to have that recanted by some one , some where .
My take on the matter is , if Philly had a population of 1.526 mil in the 2010
Gov. population figures and an estimated population of 1.547 mil in 2012 , is
it unfair or ludicrous to suspect the population might hit 1.655 mil in 2020 ?

Would that mean more federal aid for schools and infrastructure . If so , I'd be
more than happy to print up my own population figures .

[Insoluble]

Originally Posted by summersm343

I would hardly trust Philly.com as a credible source. However, the city needs job growth if the population growth is to continue. Without job growth, Philly is doomed. It's about time someone woke up in City Council. We all know that won't happen though.

While I agree that job growth is important, I think it's important to note that the city of Philadelphia has been growing jobs at a rate of about 1% for the past few years. It's not like we're loosing jobs. If this census data is accurate then job growth in 2013 vastly outperformed overall population growth.

(Job growth data is readily available at the Bureau of Labor Statistics).

Originally Posted by PhiLaw

This also doesn't segment the demographics - particularly by socio-economic status. Many middle-low to low income people are moving out of the city (mainly to DelCo, and some down south), so I'd like the see the proportion of the gentrification crowd that moved into the city - which I'm assuming is higher than the net increase released by the Census Bureau.

North Philly and Southwest Philly are losing population, so that will temper growth. As long as the areas associated with positive progress continue to grow (Center city, neighborhoods adjacent), a generalized net-inflow statistic will never reflect the positive reality here in the city.

This is a good point. There is a real "Tale of Two Cities" aspect to all of this. Given the huge number of new developments in greater center city, university city, etc, it seems likely that the city has been and will continue to add a large number of upper middle income to high income residents.

[josef]

Comcast hasn't opened its new employment machine yet, and all those apartment towers still have to be finished.

Chill out

[sayitaintso]

Originally Posted by PhiLaw

This also doesn't segment the demographics - particularly by socio-economic status. Many middle-low to low income people are moving out of the city (mainly to DelCo, and some down south), so I'd like the see the proportion of the gentrification crowd that moved into the city - which I'm assuming is higher than the net increase released by the Census Bureau.

North Philly and Southwest Philly are losing population, so that will temper growth. As long as the areas associated with positive progress continue to grow (Center city, neighborhoods adjacent), a generalized net-inflow statistic will never reflect the positive reality here in the city.

Here are the numbers broken down. Immigrants and babies

http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?src=bkmk

Would love to see the actual out and in domestic migration numbers though. If its something on the scale of 30000 out and 20000 in my guess is the vast majority in would be CC & UC while out would be West SW NE.
Sad to see NE go, but shedding non contributing tax roles in W and SW is not the worst outcome.

[VikingDutchman]

Sigh....

It's going to take us a long long time to get back to 2 million...

[summersm343]

Could McCormick & Co. based in Baltimore, move it's corporate headquarters and 2,100 employees to Philadelphia or Pennsylvania? It is certainly an oppurtunity.

http://www.bizjournals.com/philadelphia/...ennsylvania-court-mccormick-co-from.html

[Jelly Roll]

Very good article about the University City Science Center

Innovation, Inc.

In the six years since he took the helm at the University City Science Center, Stephen Tang has become one of a new group of leaders who are determined to change the trajectory of Philadelphia’s economy in a significant way.

When you sit and talk with Tang, a man whose intellect and intense ambition are apparent beneath his polite, sincere, almost shy manner, it soon becomes clear that this is not an accident – and that his mission is about more than creating new jobs. He wants to build a healthier civic society.

His ultimate goal is nothing less than recreating the city’s business environment altogether, and renewing its economy with people who will eventually demand transformative change in city government. It’s a startlingly ambitious goal, especially in a city like this one, which has an antique political system, a stubborn resistance to change, and a long history of who you know being more important than what you know.

http://axisphilly.org/article/innovation-inc/

[christof]

Originally Posted by Jelly Roll

Very good article about the University City Science Center

http://axisphilly.org/article/innovation-inc/

I am not much of a fan of the Science Center. The ownership structure is its fatal flaw. But, at the very least, they are doing more than before.

[Kidphilly]

Originally Posted by summersm343

Could McCormick & Co. based in Baltimore, move it's corporate headquarters and 2,100 employees to Philadelphia or Pennsylvania? It is certainly an oppurtunity.

http://www.bizjournals.com/philadelphia/...ennsylvania-court-mccormick-co-from.html

would be great for Philly - maybe a reason for a new tower on ME...

Though I am always a tad (maybe more than a tad) suspect on these types of articles. There is a large cost to move a HQ - relos for 1,000s etc.

Many times they use these other locations as leverage to get incentives to stay with no real intentions on moving in the first place. Not always but more times than not

[iheartphilly]

Originally Posted by Kidphilly

would be great for Philly - maybe a reason for a new tower on ME...

Though I am always a tad (maybe more than a tad) suspect on these types of articles. There is a large cost to move a HQ - relos for 1,000s etc.

Many times they use these other locations as leverage to get incentives to stay with no real intentions on moving in the first place. Not always but more times than not

Highly unlikely. Trying to get 1000 people to relocate out of its locality, esp. if there is any substantial resistance from its workforce (for whatever reason (i.e, parents with kids in middle/high school, etc; other spouse, partner having to find a new job), is an idea dead on arrival.

[PhiLaw]

Originally Posted by iheartphilly

Highly unlikely. Trying to get 1000 people to relocate out of its locality, esp. if there is any substantial resistance from its workforce (for whatever reason (i.e, parents with kids in middle/high school, etc; other spouse, partner having to find a new job), is an idea dead on arrival.

History dictates that this is not always true.

[relnahe]

Philadelphia: Where positives are seen as negatives

[ILovePhilly]

Originally Posted by iheartphilly

Highly unlikely. Trying to get 1000 people to relocate out of its locality, esp. if there is any substantial resistance from its workforce (for whatever reason (i.e, parents with kids in middle/high school, etc; other spouse, partner having to find a new job), is an idea dead on arrival.

And that's exactly what Comcast is doing with 1,000-1,500 employees from "across the country and across the world." It's not all from one place like this but it will be a few hundred from New York, a few hundred from California, etc.

[relnahe]

Originally Posted by summersm343

I would hardly trust Philly.com as a credible source. However, the city needs job growth if the population growth is to continue. Without job growth, Philly is doomed. It's about time someone woke up in City Council. We all know that won't happen though.

LMAO! You Philadelphians over react more than anyone else I know. If Philadelphia is doomed because it is growing by the thousands instead of the tens of thousands I would hate to hear what will happen to most non-sunbelt cities in this country. You know the cities that can't even sustain their population and are still losing a lot of people (ie 90% of non-sunbelt cities).

[relnahe]

Originally Posted by VikingDutchman

Sigh....

It's going to take us a long long time to get back to 2 million...

Reactions to a positive story framed as negative because of the insufferable local media machine is nothing less than deplorable. Just like the Philly sports media they need to find negatives out of nothing and it warps the psyche of people there. I can tell you following local news across the country that the Philly local news sources are the worst. Media has a greater influence than many realize.

Chicago will likely never reach its peak 3.6 million population from the 50's and people there aren't getting their umbrellas out. Chill out everyone.

[iheartphilly]

Originally Posted by ILovePhilly

And that's exactly what Comcast is doing with 1,000-1,500 employees from "across the country and across the world." It's not all from one place like this but it will be a few hundred from New York, a few hundred from California, etc.

If I recall correctly, the CITC will house 4000 employees of which 1000 will be new positions. People will apply for these new position at their choice, not because the company wants to relocate existing position that are already filled to a new physical location for whatever reason. To me, that's the distinction.

Not be negative like another poster indicated, but just using the brain when reading "newsworthy" articles. More of a pragmatic.

[ILovePhilly]

Originally Posted by iheartphilly

If I recall correctly, the CITC will house 4000 employees of which 1000 will be new positions. People will apply for these new position at their choice, not because the company wants to relocate existing position that are already filled to a new physical location for whatever reason. To me, that's the distinction.

Not be negative like another poster indicated, but just using the brain when reading "newsworthy" articles. More of a pragmatic.

What they said at their announcement was that they would be moving 1,000 Philadelphia based employees from around the city into the new building, moving 1,000 to 1,500 employees from "across the country and across the world" and they would be hiring to fill 1,000 to 1,500 new positions.

[Baconboy007]

Originally Posted by ILovePhilly

What they said at their announcement was that they would be moving 1,000 Philadelphia based employees from around the city into the new building, moving 1,000 to 1,500 employees from "across the country and across the world" and they would be hiring to fill 1,000 to 1,500 new positions.

You are correct. Also other companies have moved employees from all over to relocate HQ. RJ Reynolds moved all their employees from NYC to Richmond VA 10 years ago, I love Richmond but it's no NYC and people moved.

[sayitaintso]

Look for an announcement that Forbes is moving it's HQ to Camden CBD next week.

The sale lease back period of their original HQ which they sold in 2010 is up. I hear it will be a build to suite. Not sure how many Forbes employs these days and the jobs aren't in Philly, but I bet most of the younger employees will want to live in Philly.

[Kidphilly]

Originally Posted by sayitaintso

Look for an announcement that Forbes is moving it's HQ to Camden CBD next week.

The sale lease back period of their original HQ which they sold in 2010 is up. I hear it will be a build to suite. Not sure how many Forbes employs these days and the jobs aren't in Philly, but I bet most of the younger employees will want to live in Philly.

according to this they are moving from NYC to Jersey city in 2014?

http://newyork.cbslocal.com/2014/01/15/forbes-moving-headquarters-from-nyc-to-jersey-city/

looks like about 350 employees

would love for thi and the other to see jobs to Philly but on this, maybe NJ made last minute swindle to Camden - Just seem peculiar. Forbes is such a NYC based brand - JC would make logistic sense. Philly via Camden not as much

Hope you are right say it aint - you were with CTIC

BTW (you love to put a tight time window )

edit: Maybe this is an April fools joke....