SOM

SOM

6/16/16

SOM in the Press

$6.5B Price Tag for 35-Year University City Overhaul

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Source: The Philadelphia Inquirer

Amtrak and its partners in the proposed redevelopment of a massive swath around 30th Street Station in University City say the decades-long plan—including partially capping the adjacent rail yard—will involve $6.5 billion in infrastructure funding and private investment.

The financial projection is part of the planning team's final blueprint for the 175-acre site extending northeast from 30th Street Station, to be released Thursday morning.

Publication of the 30th Street Station District Plan ends a two-year, $5.25 million study led by Amtrak, Drexel University, Brandywine Realty Trust, SEPTA, and PennDot for the area between Walnut and Spring Garden Streets east of Drexel's campus and Powelton Village.

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