It is the most expensive project of its kind in the city, and one of the most important.
As part of a $100 million plan to revitalize and expand the downtown area, the Philadelphia Department of Development and Planning announced a $1.9 billion renovation and expansion of the World Trade Center’s Terminal One, the world’s tallest.
The $1 billion project is the largest and most expensive of its type in the country.
The construction is expected to take 18 months.
“It will take the city of Philadelphia, the Pennsylvania Department of Transportation, and the Pennsylvania Railroad over a decade to complete and it is a significant undertaking for the city and a very significant undertaking,” said Philadelphians for Regional Growth, a coalition of business, community, and civic groups, to NBC affiliate WPVI.
Philly is already in the midst of a rebuilding program, with the city announcing $15 billion to begin building a transit system, a $2.3 billion transit bond package, and a new $300 million public works program to build transit infrastructure.
With the project, the city is trying to get a foothold in the Philadelphia region, and is now trying to make its case as the city’s regional capital, with plans to open a new headquarters and headquarters tower and create hundreds of jobs.
More than 1,100 jobs will be created.
In a statement, the mayor said the project is needed to create more housing, attract new businesses, and improve transportation and transit infrastructure in Philadelphia.
“Today’s announcement represents a historic day for Philadelphia, and our nation,” Mayor Jim Kenney said in a statement.
We know that we are a place of opportunity for people of all backgrounds, and I know that our citizens are united in their belief that this is the right thing to do.””
The city of Philly is a proud and proud American city.
We know that we are a place of opportunity for people of all backgrounds, and I know that our citizens are united in their belief that this is the right thing to do.”