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  #9241  
Old Posted Oct 27, 2015, 9:47 PM
PhillySteaks PhillySteaks is offline
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Originally Posted by tsarstruck View Post
It would be a gigantic waste of money, which is what cities across the world from non-autocratic nations are finding out. It's why Boston backed out. It's why LA is now seeking a waiver exempting them from any of the inevitable cost overruns before agreeing to take their place as a candidate. I don't want to derail the conversation into what a boondoggle that almost all Olympics (minus Barcelona and 1984 LA) are, but if we're making planning and funding decisions based on hoping to one day maybe host the Olympics, we're making mistakes on two levels. [/ENDRANT]

Anyway, the Temple football stadium is definitely not being built with an eye towards the Olympics. It seems ridiculous to me on a variety of levels and is a huge gamble, but that's a whole other kettle of fish.
Nailed it
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  #9242  
Old Posted Oct 27, 2015, 11:26 PM
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summersm343 summersm343 is offline
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AIMCO Philadelphia
Own and are redeveloping Sterling and Park Towne Place. Also own Chestnut Hall in University City at 39th and Chestnut. Planning a redevelopment of that property and could develop parking lot next to it which it also owns with an 8-20 story addition. Planning will commence over the next 16 months.

They also are in acquisition mode and will be looking to acquire properties in Philadelphia for redevelopment or lots in Center City/University City for ground up construciton.
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  #9243  
Old Posted Oct 27, 2015, 11:49 PM
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summersm343 summersm343 is offline
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Fast-growing Center City tech company keeps expanding

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RJMetrics has expanded its Center City offices and grabbed another 8,655 square feet at the Widener building at One South Penn Square.

The company, an analytics platform for online businesses, has been growing at a fast pace ever since it leased space in the 18-story building in December 2013 and started out in 12,875 square feet. With the new lease secured, it now occupies more than 21,500 square feet on the 15th floor.
http://www.bizjournals.com/philadelphia/...owingcenter-city-tech-company-keeps.html
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  #9244  
Old Posted Oct 28, 2015, 4:06 AM
allovertown allovertown is offline
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Quote:
Originally Posted by tsarstruck View Post
It would be a gigantic waste of money, which is what cities across the world from non-autocratic nations are finding out. It's why Boston backed out. It's why LA is now seeking a waiver exempting them from any of the inevitable cost overruns before agreeing to take their place as a candidate. I don't want to derail the conversation into what a boondoggle that almost all Olympics (minus Barcelona and 1984 LA) are, but if we're making planning and funding decisions based on hoping to one day maybe host the Olympics, we're making mistakes on two levels. [/ENDRANT]

Anyway, the Temple football stadium is definitely not being built with an eye towards the Olympics. It seems ridiculous to me on a variety of levels and is a huge gamble, but that's a whole other kettle of fish.
I don't exactly disagree, but I think it's absolutely a mistake to simply dismiss the idea without fully exploring it. The problems you mention with hosting the Olympics are well founded, but as you admit there are some success stories and I've always felt that Philadelphia is really the only American city that would make any sense to host the Olympics, at least in the sense that there is at least scenario in which this city would greatly benefit from hosting the Olympics. There are 3 main reasons.

1. Philadelphia's wealth of existing sports infrastructure - Clearly the most pointless waste of money that goes into Olympic Spending is the stadiums and other like infrastructure which often becomes pointless once the games leave. But Philadelphia, with a wealth of high end stadiums and arenas (which the public has already paid for at great expense) could reduce waste in this regard like few American cities could. A new stadium for Temple (especially if they went with Mappy's plan, which I really like) only further enforces this point.

2. International Exposure - In a sort of tangential way, I actually work in the tourism industry here in Philadelphia. Most Americans have no idea that Philly is this country's 5th largest city and is as big and amazing as it is. Internationally, most people don't even know Philadelphia exists. Philadelphia is a city that could stand to get some exposure on the international level. Much like Barcelona in this regard, having the Olympics could boost our international tourism for decades to come. It really wouldn't be a hard sell. Millions and millions of tourists already come to America and visit NYC and then travel south to DC. How hard would it really be to convince them to stop and spend some of their time here in Philly.

I can't tell you how many times I've talked to travelers who planned a vacation to east coast of America that involves spending a few days in Boston, NYC and DC and short trips of a few hours in Philadelphia and other stops along the way. Nearly every one of those travelers I've encountered finishes their time in Philly and wished they planned for much more time here. Most can't believe that Philly is larger than Boston considering it has so much more international prestige and most who went to Boston primarily for the history often come away far more impressed with the history you can find here. Getting a few weeks to remind the world that Philadelphia is the birthplace of modern democracy and showing off our city on a global stage would be huge.

3. Pushing forward needed transportation and infrastructure projects - The first two points are nice and all, but perhaps still not worth the effort and expense that goes into hosting the Olympics. This final point is what puts it over the top. If Philadelphia hosts the Olympics we will be forced, absolutely forced to make some upgrades to our transportation infrastructure that have been overdue for decades. New light rail lines, extended subways, etc, the Olympics would like bring all of this and more, not to mention the incredible amount of work that would go into the general beautification of the city.

Now in a perfect world... scratch that... in a country more dedicated to public transit, we wouldn't need to host the olympics in order to make these types of moves. But in the reality we live in with a still criminally underfunded SEPTA, any expansion to our transit infrastructure is largely a pipe dream. Hosting the Olympics will force us to spend money on things that we should be spending money on anyway and will greatly benefit this city in the long term.


If I'm a betting man, let's be honest, hosting the Olympics would likely be a boondoggle for Philadelphia. But Philadelphia also has the very real ability to use hosting the Olympics to really improve this city. I think it's something to seriously consider and not just dismiss outright because the Olympics have failed elsewhere.
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  #9245  
Old Posted Oct 28, 2015, 10:34 AM
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Human Scale Human Scale is offline
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When it comes to Olympics there are two people. Those who latch on to reports of negatives. Why, I don't know. And those who realize the costs, however extreme, are well worth it. Your ROI might not be in cash, but the return is certainly always greater than the initial investment.

The first type of person loves to point out Athens, who's lasting deficit has more to do with not picking a viable economy to host it in the first place. It was a novelty choice. London is still in the red but it's only been 3 years. Every other SUMMER city has benefited from an Olympics whether that include economic impact, stature, culture, infrastructure, and/or pride.

BTW, Boston dropped out not because of viability but because of the negative latchers I mentioned, some of whom have posted here recently. Boston has a lot of those.
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  #9246  
Old Posted Oct 28, 2015, 12:35 PM
allovertown allovertown is offline
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Originally Posted by Human Scale View Post
When it comes to Olympics there are two people. Those who latch on to reports of negatives. Why, I don't know. And those who realize the costs, however extreme, are well worth it. Your ROI might not be in cash, but the return is certainly always greater than the initial investment.

The first type of person loves to point out Athens, who's lasting deficit has more to do with not picking a viable economy to host it in the first place. It was a novelty choice. London is still in the red but it's only been 3 years. Every other SUMMER city has benefited from an Olympics whether that include economic impact, stature, culture, infrastructure, and/or pride.

BTW, Boston dropped out not because of viability but because of the negative latchers I mentioned, some of whom have posted here recently. Boston has a lot of those.
I think you're painting a picture that is bit too rosy. If you're London how do you really benefit from exposure? I mean it's not like people hadn't heard of London before. I don't believe the costs are always well worth it, though do believe that if done right, it would be worth it for philadelphia due the city's unique circumstances.
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  #9247  
Old Posted Oct 28, 2015, 12:52 PM
McBane McBane is offline
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I'm planning my vacation to Sochi as we speak - but having hard time finding an available hotel. (That was sarcasm)
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  #9248  
Old Posted Oct 28, 2015, 1:36 PM
BenKatzPhillytoParis BenKatzPhillytoParis is offline
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I'm planning my vacation to Sochi as we speak - but having hard time finding an available hotel. (That was sarcasm)
I've actually lived in Russia for almost a year now, and Sochi is actually a pretty popular destination. May be a little off the beaten track for Americans, especially given the current relations between US and Russia, but overall Sochi is doing very well.
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  #9249  
Old Posted Oct 28, 2015, 1:45 PM
cubanChris cubanChris is offline
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Originally Posted by BenKatzPhillytoParis View Post
I've actually lived in Russia for almost a year now, and Sochi is actually a pretty popular destination. May be a little off the beaten track for Americans, especially given the current relations between US and Russia, but overall Sochi is doing very well.
But is it doing well enough to justify the roughly $50 billion (give or take a $b) it cost to host the olympics there?
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  #9250  
Old Posted Oct 28, 2015, 2:02 PM
MikeNigh MikeNigh is offline
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Imo it's worth it for philly to host it once when it is ready.
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  #9251  
Old Posted Oct 28, 2015, 2:55 PM
BenKatzPhillytoParis BenKatzPhillytoParis is offline
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Originally Posted by cubanChris View Post
But is it doing well enough to justify the roughly $50 billion (give or take a $b) it cost to host the olympics there?
Probably not haha! ;-) But that was total overkill. They really didn't need to spend that much to make it a success.
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  #9252  
Old Posted Oct 28, 2015, 4:26 PM
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iheartphilly iheartphilly is offline
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Does anyone know where the forum link to the completed Philly projects are located? A hyperlink here would be helpful. Thanks!
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  #9253  
Old Posted Oct 28, 2015, 7:24 PM
br323206 br323206 is offline
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Originally Posted by Human Scale View Post
When it comes to Olympics there are two people. Those who latch on to reports of negatives. Why, I don't know. And those who realize the costs, however extreme, are well worth it. Your ROI might not be in cash, but the return is certainly always greater than the initial investment.

The first type of person loves to point out Athens, who's lasting deficit has more to do with not picking a viable economy to host it in the first place. It was a novelty choice. London is still in the red but it's only been 3 years. Every other SUMMER city has benefited from an Olympics whether that include economic impact, stature, culture, infrastructure, and/or pride.

BTW, Boston dropped out not because of viability but because of the negative latchers I mentioned, some of whom have posted here recently. Boston has a lot of those.
It's more like those who have studied the issue and read the peer-reviewed articles in economic development and urban planning journals that have proven time and time again that there is very little positive to take away from hosting an Olympics and those that continue to ignore the data and argue that the extreme costs are worth it, even though it has been clearly demonstrated that they are not.

BTW, every other summer city has not benefited economically or infrastructurally. In fact, many of those cities have had infrastructure issues because they spent the money on fancy things for the Olympics instead of more "boring" infrastructure maintenance that is actually more important.

Things like culture, stature, and pride can't be quantified and are completely subjective.
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  #9254  
Old Posted Oct 28, 2015, 7:29 PM
jjv007 jjv007 is offline
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Originally Posted by allovertown View Post
I don't exactly disagree, but I think it's absolutely a mistake to simply dismiss the idea without fully exploring it. The problems you mention with hosting the Olympics are well founded, but as you admit there are some success stories and I've always felt that Philadelphia is really the only American city that would make any sense to host the Olympics, at least in the sense that there is at least scenario in which this city would greatly benefit from hosting the Olympics. There are 3 main reasons.

1. Philadelphia's wealth of existing sports infrastructure - Clearly the most pointless waste of money that goes into Olympic Spending is the stadiums and other like infrastructure which often becomes pointless once the games leave. But Philadelphia, with a wealth of high end stadiums and arenas (which the public has already paid for at great expense) could reduce waste in this regard like few American cities could. A new stadium for Temple (especially if they went with Mappy's plan, which I really like) only further enforces this point.

2. International Exposure - In a sort of tangential way, I actually work in the tourism industry here in Philadelphia. Most Americans have no idea that Philly is this country's 5th largest city and is as big and amazing as it is. Internationally, most people don't even know Philadelphia exists. Philadelphia is a city that could stand to get some exposure on the international level. Much like Barcelona in this regard, having the Olympics could boost our international tourism for decades to come. It really wouldn't be a hard sell. Millions and millions of tourists already come to America and visit NYC and then travel south to DC. How hard would it really be to convince them to stop and spend some of their time here in Philly.

I can't tell you how many times I've talked to travelers who planned a vacation to east coast of America that involves spending a few days in Boston, NYC and DC and short trips of a few hours in Philadelphia and other stops along the way. Nearly every one of those travelers I've encountered finishes their time in Philly and wished they planned for much more time here. Most can't believe that Philly is larger than Boston considering it has so much more international prestige and most who went to Boston primarily for the history often come away far more impressed with the history you can find here. Getting a few weeks to remind the world that Philadelphia is the birthplace of modern democracy and showing off our city on a global stage would be huge.

3. Pushing forward needed transportation and infrastructure projects - The first two points are nice and all, but perhaps still not worth the effort and expense that goes into hosting the Olympics. This final point is what puts it over the top. If Philadelphia hosts the Olympics we will be forced, absolutely forced to make some upgrades to our transportation infrastructure that have been overdue for decades. New light rail lines, extended subways, etc, the Olympics would like bring all of this and more, not to mention the incredible amount of work that would go into the general beautification of the city.

Now in a perfect world... scratch that... in a country more dedicated to public transit, we wouldn't need to host the olympics in order to make these types of moves. But in the reality we live in with a still criminally underfunded SEPTA, any expansion to our transit infrastructure is largely a pipe dream. Hosting the Olympics will force us to spend money on things that we should be spending money on anyway and will greatly benefit this city in the long term.


If I'm a betting man, let's be honest, hosting the Olympics would likely be a boondoggle for Philadelphia. But Philadelphia also has the very real ability to use hosting the Olympics to really improve this city. I think it's something to seriously consider and not just dismiss outright because the Olympics have failed elsewhere.
Beautifully written, thanks for taking the time
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  #9255  
Old Posted Oct 28, 2015, 8:51 PM
tsarstruck tsarstruck is offline
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Originally Posted by allovertown View Post
If I'm a betting man, let's be honest, hosting the Olympics would likely be a boondoggle for Philadelphia. But Philadelphia also has the very real ability to use hosting the Olympics to really improve this city. I think it's something to seriously consider and not just dismiss outright because the Olympics have failed elsewhere.
I won't argue the point further in interest of staying on topic other than to say that your justifications are always the justifications used for each Olympic host and what ends up, both from a financial, infrastructure, and marketing perspective is of a different stripe. Who knows, maybe the IOC is actually serious about their Agenda 2020 which encourages hosts to use existing or temporary stadiums. But if I were a betting man...

Last edited by tsarstruck; Oct 28, 2015 at 9:06 PM.
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  #9256  
Old Posted Oct 28, 2015, 9:17 PM
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Jawnadelphia Jawnadelphia is offline
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Waterfront agency close to choosing development team for Festival Pier site

Jefferson Apartment Group and Haverford Properties Inc. are apparently close to being chosen to develop the Festival Pier site on the Delaware River, among the most ambitious revitalization initiatives on Philadelphia's eastern waterfront.


http://www.philly.com/philly/business/20...lopment_team_for_Festival_Pier_site.html
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  #9257  
Old Posted Oct 28, 2015, 10:31 PM
shadowbat2 shadowbat2 is offline
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Originally Posted by iheartphilly View Post
Does anyone know where the forum link to the completed Philly projects are located? A hyperlink here would be helpful. Thanks!
Archive thread for projects in all cities:
http://forum.skyscraperpage.com/forumdisplay.php?forumid=348
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  #9258  
Old Posted Oct 28, 2015, 10:49 PM
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Originally Posted by shadowbat2 View Post
Archive thread for projects in all cities:
http://forum.skyscraperpage.com/forumdisplay.php?forumid=348
Thanks...
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  #9259  
Old Posted Oct 28, 2015, 11:13 PM
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Originally Posted by shadowbat2 View Post
Archive thread for projects in all cities:
http://forum.skyscraperpage.com/forumdisplay.php?forumid=348
Holy crap . I just visited that sight and was almost shocked to learn , at one point in the
early plan development , the Revel Hotel/casino in Atlantic City considered " TWO " towers
of equal height ( 710' ) . But it didn't take long for developers and investors to determine
that plan was never going to fly . WOW
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  #9260  
Old Posted Oct 29, 2015, 10:25 AM
shadowbat2 shadowbat2 is offline
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Holy crap . I just visited that sight and was almost shocked to learn , at one point in the
early plan development , the Revel Hotel/casino in Atlantic City considered " TWO " towers
of equal height ( 710' ) . But it didn't take long for developers and investors to determine
that plan was never going to fly . WOW
Sad what has happened there. Large sections of the interior were never even finished, and now the whole place is sitting in limbo....
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