17. Many small shops across all older neighborhoods;
1906: 16,000 manufacturing plants
Unlike Pittsburgh & Detroit not a one-industry town
Highly diversified
52. Origin of the CCD: 1990 Recession
• Fiscal crisis
• Declining city services
• Job loss
• Office vacancy
• “pride of avoidance”
53. Creating the Center City District
Municipality Authorities Act of 1945
1990
• 2,100 property owners &
local government approve
a special services district
1991: $6.5 million
Reauthorized 1994 (2015)
Expanded 1995 (MSE)
Reauthorized 2004 (2025)
Reauthorized 2007 (2025)
2012: $19.5 million
107. Financing public area improvements
1994
• 20-year reauthorization
1995
• $21 million tax-exempt
bond issue backed only
by CCD revenues
• +$5 million City funding
132. Residential revival
1996: 4.5 million sf. Vacant Class “C” office space
• Retained architect &
developer to evaluate
buildings
• Survey to determine best
buildings; floor layout,
window size & exposure
• Detailed economic analysis
of 10 buildings: evaluation
for code compliance, cost-
estimate, pro-formas.
133. 10 year residential tax abatement
Approved 1997
• Extraordinary costs of
converting from vacant
office or industrial to
residential use
• 10 year abatement on
improvements
• Available city wide
136. 10.2% increase in population since 2000
26% in core of downtown
Since 1990
8 Zip codes = 7.8 sq miles
5.7% of city’s land area
hold 12% = 181,003
Fastest growing
Most densely settled
137. Center City attracting more younger people than rest of city
41% of downtown: ages 25-44; city = 28%
138. Center City has more than twice the national
average of residents ages 25-34.
139.
140. Close proximity that makes us
#1 nationally: walk to work – 38%; 22% public transit
141. Diversification of CBD land-use
25,000 residents now living inside CCD boundaries
25,000
203. Strategic infrastructure investments at city level
Organized around job centers
55% of Philadelphia’s jobs
are in just 5 clusters of
post-industrial employment
204.
205. Largest center of employment in region
$12.1 billion salaries to metro residents
240. (5) Finish MSE: Stimulate movement between major
destinations at either end of the street
Conven
tion Center
City Hall
Market S
tr eet East
Independence
Mall
8 City Blocks 3500 Feet 2/3 of a Mile
241. Make Market Street: primary hospitality &
destination retail/entertainment corridor