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Philadelphia Redevelopment Authority
The Philadelphia Redevelopment Authority (PRA) was created by the Commonwealth of Pennsylvania's Urban Redevelopment Law of 1945. Until the Fall of 2011 it was known as the Redevelopment Authority of the City of Philadelphia (RDA). Function The PRA focuses on planning and developing balanced mixed-use communities to create thriving, well-served neighborhoods. As the public government agency charged with the redevelopment of the City of Philadelphia, the Philadelphia Redevelopment Authority provides the foundations that enable private investors to revitalize neighborhoods. The Authority's function is to acquire real estate using the power of eminent domain, plan for redevelopment working with private firms, and financing the redevelopment by issuing municipal bonds of the Authority, with the overall objective of eliminating urban blight in the city of Philadelphia, Pennsylvania. Board The Authority is governed by a five-member board, appointed by the mayor of Philadelphia. The boa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Planning
Planning is the process of thinking regarding the activities required to achieve a desired goal. Planning is based on foresight, the fundamental capacity for mental time travel. The evolution of forethought, the capacity to think ahead, is considered to have been a prime mover in human evolution. Planning is a fundamental property of intelligent behavior. It involves the use of logic and imagination to visualise not only a desired end result, but the steps necessary to achieve that result. An important aspect of planning is its relationship to forecasting. Forecasting aims to predict what the future will look like, while planning imagines what the future could look like. Planning according to established principles is a core part of many professional occupations, particularly in fields such as management and business. Once a plan has been developed it is possible to measure and assess progress, efficiency and effectiveness. As circumstances change, plans may need to be modified ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011 In terms of law, ''real'' is in relation to land property and is different from personal property while ''estate'' means the "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm. In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state. History of real estate The natural right of a person t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eminent Domain
Eminent domain (United States, Philippines), land acquisition (India, Malaysia, Singapore), compulsory purchase/acquisition (Australia, New Zealand, Ireland, United Kingdom), resumption (Hong Kong, Uganda), resumption/compulsory acquisition (Australia, Barbados, New Zealand, Ireland, United Kingdom), or expropriation (Argentina, Belgium, Brazil, Canada, Chile, Denmark, Finland, France, Germany, Greece, Italy, Mexico, Netherlands, Norway, Panama, Poland, Portugal, Russia, South Africa, Spain, Sweden, Serbia) is the power of a state, provincial, or national government to take private property for public use. It does not include the power to take and transfer ownership of private property from one property owner to another private property owner without a valid public purpose. This power can be legislatively delegated by the state to municipalities, government subdivisions, or even to private persons or corporations, when they are authorized by the legislature to exercise the functi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Redevelopment
Redevelopment is any new construction on a site that has pre-existing uses. It represents a process of land development uses to revitalize the physical, economic and social fabric of urban space. Description Variations on redevelopment include: * Urban infill on vacant parcels that have no existing activity but were previously developed, especially on Brownfield land, such as the redevelopment of an industrial site into a mixed-use development. * Constructing with a denser land usage, such as the redevelopment of a block of townhouses into a large apartment building. * Adaptive reuse, where older structures are converted for improved current market use, such as an industrial mill into housing lofts. Redevelopment projects can be small or large ranging from a single building to entire new neighborhoods or "new town in town" projects. Redevelopment also refers to state and federal statutes which give cities and counties the authority to establish redevelopment agencies and give ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Municipal Bonds
A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal bonds is often, but not always, exempt from federal and state income taxation. Typically, only investors in the highest tax brackets benefit from buying tax-exempt municipal bonds instead of taxable bonds. Taxable equivalent yield calculations are required to make fair comparisons between the two categories. The U.S. municipal debt market is relatively small compared to the corporate market. Total municipal debt outstanding was $4 trillion as of the first quarter of 2021, compared to nearly $15 trillion in the corporate and foreign markets. Local authorities in many other countries in the world issue similar bonds, sometimes called local authority bonds or other names. History Municipal debt predates corporate debt by several centuries—the early Renai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Urban Decay
Urban decay (also known as urban rot, urban death or urban blight) is the sociological process by which a previously functioning city, or part of a city, falls into disrepair and decrepitude. There is no single process that leads to urban decay which is why it can be hard to encapsulate its magnitude. Urban decay can include the following aspects: * Deindustrialization * Depopulation * Counterurbanization * Economic Restructuring * Abandoned buildings or infrastructure * High local unemployment * Increased poverty * Fragmented families * Low overall living standards or quality of life * Political disenfranchisement * Crime * Elevated levels of pollution * Desolate cityscape known as greyfield land or urban prairie Since the 1970s and 1980s, urban decay has been a phenomenon associated with some Western cities, especially in North America and parts of Europe. Cities have experienced population flights to the suburbs and exurb commuter towns; often in the form of white ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philadelphia
Philadelphia, often called Philly, is the largest city in the Commonwealth of Pennsylvania, the sixth-largest city in the U.S., the second-largest city in both the Northeast megalopolis and Mid-Atlantic regions after New York City. Since 1854, the city has been coextensive with Philadelphia County, the most populous county in Pennsylvania and the urban core of the Delaware Valley, the nation's seventh-largest and one of world's largest metropolitan regions, with 6.245 million residents . The city's population at the 2020 census was 1,603,797, and over 56 million people live within of Philadelphia. Philadelphia was founded in 1682 by William Penn, an English Quaker. The city served as capital of the Pennsylvania Colony during the British colonial era and went on to play a historic and vital role as the central meeting place for the nation's founding fathers whose plans and actions in Philadelphia ultimately inspired the American Revolution and the nation's inde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pennsylvania
Pennsylvania (; ( Pennsylvania Dutch: )), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, Maryland to its south, West Virginia to its southwest, Ohio to its west, Lake Erie and the Canadian province of Ontario to its northwest, New York to its north, and the Delaware River and New Jersey to its east. Pennsylvania is the fifth-most populous state in the nation with over 13 million residents as of 2020. It is the 33rd-largest state by area and ranks ninth among all states in population density. The southeastern Delaware Valley metropolitan area comprises and surrounds Philadelphia, the state's largest and nation's sixth most populous city. Another 2.37 million reside in Greater Pittsburgh in the southwest, centered around Pittsburgh, the state's second-largest and Western Pennsylvania's largest city. The state's su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mayor Of Philadelphia
The mayor of Philadelphia is the chief executive of the government of Philadelphia, Pennsylvania, as stipulated by the Charter of the City of Philadelphia. The current mayor of Philadelphia is Jim Kenney. History The first mayor of Philadelphia, Humphrey Morrey, was appointed by the city’s founder, William Penn. Subsequently, Edward Shippen was appointed by Penn as the first mayor under the charter of 1701 and second mayor overall, and then was elected to a second term by the City Council. Subsequent mayors, who held office for one year, were elected by the city council from among their number. No monetary compensation was paid to the earliest office-holders, and candidates often objected strongly to their being selected, sometimes choosing even to pay a fine rather than serve. In 1704 Alderman Griffith Jones was elected but declined to serve, for which he was fined twenty pounds. In 1706, Alderman Thomas Story was similarly fined for refusing office. In 1745, Alderman Abraham ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University City Science Center
The University City Science Center (UCSC) was established as the first and largest urban research park in the United States. It was established in 1963, within the demolished Black Bottom neighborhood of Philadelphia, now known as University City. Today it offers startup support services, allocates capital, gathers the innovation community, and builds inclusive STEM pathways for Philadelphia youth and adults. An independen2016 studyreported that graduate organizations and current residents that have benefited from University City Science Center’s business incubation services have created more than 12,000 jobs that remain in the Greater Philadelphia region today and contribute more than $13 billion to the regional economy annually. Location The Science Center, in partnership with Wexford Science + Technology and Ventas, Inc operates a 27-acre campus called uCity Square, made up of 17 buildings along Market Street in University City, West Philadelphia. In 2015, the campus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Street (Philadelphia)
Market Street, originally known as High Street, is a major east–west street in Philadelphia. The street is signed as Pennsylvania Route 3 between 38th Street (U.S. Route 13) and 15th Street ( PA 611). A short portion of the road continues west from Cobbs Creek Parkway (63rd Street) to Delaware County, adjacent to Philadelphia. ‘High Street’ was the familiar name of the principal street in nearly every English town at the time Philadelphia was founded. But if Philadelphia was indebted to England for the name of High Street, nearly every American town is, in turn, indebted to Philadelphia for its Market Street. Long before the city was laid out or settled, Philadelphia's founder, William Penn, had planned that markets would be held regularly on the wide High Street. The city's first market stalls were situated in the center of the thoroughfare starting at Front Street and proceeding west eventually to 8th Street. The stalls soon became covered and were not taken down as pla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Dupree (artist)
James Dupree (born 1950) is an American artist, educator, and activist. He has received both fellowships and Artist-in-residence, artist's residencies in Pennsylvania, New York (state), New York, Massachusetts, and Wales, as well as various awards, including the Living Legend Award of the Black Alumni Society of the University of Pennsylvania. From 2012 to 2014, Dupree Studios in the Mantua, Philadelphia, Mantua community of West Philadelphia was the subject of an eminent domain takeover attempt by the Philadelphia Redevelopment Authority (PRA), which ended with Dupree keeping his studio. Education James Dupree was born in 1950 in Pittsburgh, Pennsylvania, and spent parts of his childhood in Philadelphia, Pittsburgh, and Bridgeville, Pennsylvania. As a child, he attended free classes at the Fleisher Art Memorial in Philadelphia. Dupree received a full scholarship to Columbus College of Art and Design, where he received his Bachelor of Fine Arts in 1972. He then attended the P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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