PHILADELPHIA | Highrise Development Thread IX - Page 469

1487 · #**9361** Posted **Nov 9, 2015, 1:39 PM**

Quote:

Originally Posted by Boku

http://mobile.philly.com/beta?wss=/philly/business&id=343266402

A couple of interesting tidbits here:

and:

Is Cira II no longer in the plans?

I read that this morning. It seems that they are putting Cira 2 on hold until they see if Drexel selects them as master developer for the parcels west of 30th street station.

summersm343 · #**9362** Posted **Nov 9, 2015, 2:42 PM**

Quote:

Originally Posted by Boku

http://mobile.philly.com/beta?wss=/philly/business&id=343266402

Is Cira II no longer in the plans?

It's still in the mix, don't worry.

summersm343 · #**9363** Posted **Nov 9, 2015, 4:47 PM**

World Heritage title will ‘expand economic activity’ in Phila.: Report

Quote:

Philadelphia made history on Friday when it became the first city in the United States to be named a World Heritage City, a designation a report said would spur economic activity.

The World Heritage title, which makes Philadelphia one of only about 266 cities in the world to have such a designation, was called a " Sister Cities program on steroids," by Zabeth Teelucksingh, executive director of the Global Philadelphia Association, an organization focused on spotlighting the city to a global audience.

Like a Sister Cities program, World Heritage is a recognized global brand, known for its track record of increasing leisure and business travel to a particular city, Teelucksingh told the Philadelphia Business Journal in an earlier interview.

The numbers show the World Heritage title will have a massive economic impact on Philadelphia.

If marketed properly, the World Heritage City designation could increase foreign visitation by 10 percent to 15 percent – meaning 60,000 to 100,000 more visitors annually from the current 600,000 to 800,000 base, according to a report by Econsult Solutions commissioned by Global Philadelphia.

“It is important to understand that this influx of spending would be ‘net-new’ in that it would not derive from shifting existing visitor expenditures,” the report said. "This would generate approximately $150 million per year in expanded economic activity.”

The projection is based on estimates of international visitor spending and using an industry multiplier of 2.1, Econsult said.

“We believe this could generate an additional $100 million to $200 million per year in economic impact,” according to the report.
The domestic figures are based on Visit Philadelphia's annual base of 39.7 million people visiting the region last year, resulting in $10.4 billion in economic impact, 92,000 jobs, and about $655 million in local and state taxes.

This isn't Philadelphia's first brush with World Heritage status; Independence Mall was named a World Heritage Site, a designation, itself, is a major boon for a city.

Domestically, the report said it was “reasonable to expect” an increase of 1 percent to 2 percent a year with the proper marketing.

http://www.bizjournals.com/philadelphia/...ge-phila-expand-econ-activity-money.html

Knight Hospitaller · #**9364** Posted **Nov 9, 2015, 5:36 PM**

Quote:

Originally Posted by summersm343

World Heritage title will ‘expand economic activity’ in Phila.: Report

http://www.bizjournals.com/philadelphia/...ge-phila-expand-econ-activity-money.html

I'm friendly with one of the foreign consuls here. He is a huge fan and promoter of Philadelphia to his government and colleagues in the international community, but has fought against a perception of the city as a depressed relic of the industrial age. The Papal Visit was a good opportunity for him to counter that. I haven't asked him, but I can only imagine that this will help in a similar way. Credentials may not alter reality, but they certainly affect perception (which is at least equally - if not more - important).

hammersklavier · #**9365** Posted **Nov 9, 2015, 6:24 PM**

Quote:

Originally Posted by kingtut

I read somewhere recently that so far this year Phoenix has a negative migration , but can't find it now.I did find a similar article ..http://azcapitoltimes.com/news/2015/05/2...pulation-growth-latest-census-data-show/

I found this in the article:

Quote:

One other issue of note: Even with adding 24,616 new residents, the Census Bureau figures Phoenix still trails Philadelphia which gained only 4,245 new residents. At this rate it will take at least another year, if not longer, for Phoenix to get to No. 5 nationally.

If they're that desperate to become a Top 5 city, let 'em be one. It's far more important to be an interesting urbane city than just being one of the five largest municipalities by population in the country.

McBane · #**9366** Posted **Nov 9, 2015, 6:26 PM**

^ Agreed. I'm sure the people of Boston stopped caring about their population ranking long ago.

Knight Hospitaller · #**9367** Posted **Nov 9, 2015, 7:48 PM**

Quote:

Originally Posted by McBane

^ Agreed. I'm sure the people of Boston stopped caring about their population ranking long ago.

It's like feeling envy for Jacksonville because it's got more land area than us (Alaska has even bigger municipalities outside of the lower 48). Ridiculous. Here's the land area list: https://en.wikipedia.org/wiki/List_of_United_States_cities_by_area. Note that Phoenix, Houston and LA are in the top fifteen. Philly is seventieth (70th). If size matters to you, consider how we are still fifth (going on sixth) in population despite being geographically challenged.

tsarstruck · #**9368** Posted **Nov 9, 2015, 9:25 PM**

Quote:

Originally Posted by summersm343

World Heritage title will ‘expand economic activity’ in Phila.: Report

If marketed properly, the World Heritage City designation could increase foreign visitation by 10 percent to 15 percent – meaning 60,000 to 100,000 more visitors annually from the current 600,000 to 800,000 base, according to a report by Econsult Solutions commissioned by Global Philadelphia.

Ha. That *definitely* sounds plausible.

PhillySteaks · #**9369** Posted **Nov 9, 2015, 11:17 PM**

Quote:

Originally Posted by Knight Hospitaller

I'm friendly with one of the foreign consuls here. He is a huge fan and promoter of Philadelphia to his government and colleagues in the international community, but has fought against a perception of the city as a depressed relic of the industrial age. The Papal Visit was a good opportunity for him to counter that. I haven't asked him, but I can only imagine that this will help in a similar way. Credentials may not alter reality, but they certainly affect perception (which is at least equally - if not more - important).

I don't know how much economic activity the consul to the Falkland Islands could bring.

Outta here · #**9370** Posted **Nov 11, 2015, 12:55 PM**

With regard to the price of goods and services ....Use your imagination here ....

Massachusetts, explained that the dollar increase was motivated by concerns from volunteers that, despite the resilient popularity of the cookies, profits were too slim.

GOP frontrunners Donald Trump, Ben Carson and Marco Rubio agree on at least one thing: The minimum wage should not be raised.

“Wages are too high,” Trump said, while explaining why he did not support hiking the federal minimum wage from $7.25 to $15 an hour.

The crazies are running the asylum .

PhillySteaks · #**9371** Posted **Nov 11, 2015, 4:15 PM**

Quote:

Originally Posted by Outta here

With regard to the price of goods and services ....Use your imagination here ....

Massachusetts, explained that the dollar increase was motivated by concerns from volunteers that, despite the resilient popularity of the cookies, profits were too slim.

GOP frontrunners Donald Trump, Ben Carson and Marco Rubio agree on at least one thing: The minimum wage should not be raised.

“Wages are too high,” Trump said, while explaining why he did not support hiking the federal minimum wage from $7.25 to $15 an hour.

The crazies are running the asylum .

Please - NO politics.

Knight Hospitaller · #**9372** Posted **Nov 11, 2015, 5:29 PM**

Quote:

Originally Posted by PhillySteaks

Please - NO politics.

Agreed. The minimum wage issue is tangential at best (and those against raising it are not crazy, so those who want to understand the subject should become familiar with all arguments).

hammersklavier · #**9373** Posted **Nov 11, 2015, 7:07 PM**

Quote:

Originally Posted by PhillySteaks

Please - NO politics.

Although I agree the attack ad practically writes itself...

No politics. If you want to discuss politics, go to the Skybar.

Knight Hospitaller · #**9374** Posted **Nov 11, 2015, 7:29 PM**

Quote:

Originally Posted by PhillySteaks

I don't know how much economic activity the consul to the Falkland Islands could bring.

Lamb. Lots of lamb.

PhillySteaks · #**9375** Posted **Nov 11, 2015, 8:25 PM**

Quote:

Originally Posted by Knight Hospitaller

Lamb. Lots of lamb.

Lol..glad you took my joke with a grain of salt.

In other news

http://www.phillymag.com/property/2015/1...nter-philadelphia-chinatown/#gallery-2-1

Knight Hospitaller · #**9376** Posted **Nov 11, 2015, 8:29 PM**

Quote:

Originally Posted by PhillySteaks

Lol..glad you took my joke with a grain of salt.

That and rosemary.

Knight Hospitaller · #**9377** Posted **Nov 11, 2015, 8:36 PM**

Quote:

Originally Posted by PhillySteaks

In other news

http://www.phillymag.com/property/2015/1...nter-philadelphia-chinatown/#gallery-2-1

FYI, there's a thread for that: http://forum.skyscraperpage.com/showthread.php?t=194724&page=8

I'm hoping these old renderings are indeed new again. Perhaps the "strengthening of financial position" was to get a better product than the bland subsequent renderings, but it's probably just lazy journalism.

Cro Burnham · #**9378** Posted **Nov 11, 2015, 9:30 PM**

Hey summersm, did you already reveal the two mystery projects you alluded to a few weeks back yet? I mean, have any public announcements been made? Or should we still look forward to completely new announcements?

And am I correct in understanding that neither 2100 Market nor Pearl's Broad and Locust deal is one of them?

hammersklavier · #**9379** Posted **Nov 11, 2015, 9:59 PM**

Quote:

Originally Posted by Knight Hospitaller

That and rosemary.

Don't forget the mint jelly!

shadowbat2 · #**9380** Posted **Nov 12, 2015, 12:16 AM**

Before Viaduct Rail Park is born, it nurtures area investment

Interesting tidbit:

Quote:

Along the planned first phase of the park, meanwhile, the owners of about 1.4 acres of parking lots between 12th and 13th Streets sought a rezoning in September that could allow taller buildings there, said Sarah McEneaney, president of the Callowhill Neighborhood Association.

Read more at http://www.philly.com/philly/business/re...area_investment.html#CrrHYgLwzvwzsP38.99