What Philly Can Learn From New York's Waterfront

5 December 2006 - 6:00am

A recent trip to New York's Hudson River Park has opened the eyes of Philadelphia residents looking to redevelop their city's waterfront along the Delaware River. But in comparing the waterfronts of the two cities, Philly's lacks a sense of purpose.

"In normal cities - and, yes, that includes New York - riverfront development is guided by a civic master plan that specifies everything from the height of the condo towers to the width of the adjacent bike paths. In Philadelphia, each riverfront project has been a separate Let's Make a Deal episode, in which unarmed residents attempt to wheedle neighborhood concessions from developers and their posse of lawyers and architects."

"In normal cities, waterfronts are considered the property of all residents. And because the river belongs to everyone, developers who need zoning variances are expected to compensate the public by offering some civic payback, such as subsidized units for low-income residents or land for a waterfront trail. It is normal for cities to ban big-box stores and above-ground garages on their rivers, unless those eyesores are camouflaged with housing."

But as a wide variety of plans and stakeholders push for the redevelopment the waterfront, it seems to many that Philadelphia is not quite as 'normal' as some other cities.

Source: The Philadelphia Inquirer, December 1, 2006
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Even if the report overestimates the costs by a factor of two and underestimates the tax-benefit by a similar amount, the conclusion would be pretty much the same: destination resorts cost local government and taxpayers money.