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Now you want them to find another $20M to fund this project. Where do you see this money coming from? |
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This project illustrates how important transit stops/transit oriented development can be for the growth of the city outside the core. Now imagine the development potential if we switched to a modern Parisian/German regional rail system where multiple trains arrive every hour. The infrastructure improvements required to modernize the regional rail system (all high level platforms mainly) would pay for itself in increased property values. |
Just my opinion,--------I don't think this passes the smell test for me. If I had $150M to invest in a ground up multi family project I can think of many other areas where the risk/reward factor would be much more favorable. Even if the land costs were near zero at this location all the other construction costs are going to be the same, or very close to the same. On the other side of the ledger is the rental income, will cheaper land allow the rents to be in line with what the area can afford. Doubtful.
Then there is the $9M said to be spent already, again that figure just seems so out of line with any reality I can see. And 200K sq.ft. of office and lab space, maybe I'm missing something but I just don't see the market for that space at that location. All in all, for me, this proposal doesn't make sense, the pieces just don't seem to come together. But I'd be glad to be wrong. |
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The neighborhoods between Center City and Temple Main are improving on their own. Let them continue to build up organically. Focusing on developing an innovation corridor here would be a huge boon. Quote:
Temple should start thinking about creating a tech and science incubator and innovation corridor similar to the UCity Science Center and take up lab and office space in this development. Why doesn't Temple move their Podiatry school here from Center City as well, and sell the current site to a developer? I think that could definitely take up a lot of the commercial space. |
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Regarding the Swampoodle Connection, I don't think it will considering that SEPTA made a capital investment in the CHW bridge over the ex-Reading main a few years ago. Constructing a new interlocking involves more than just tracks; in fact, the heavy work comes in the form of re-configuring signal systems. Also, although it may free up space on the NEC, adding another train that has to cross the entire SEPTA Main Line at 16th Street Interlocking (the Manayunk/Norristown Line already does) may complicate other systemwide train movements due to the line becoming double-tracked north of Wayne Junction. Besides, people employed here, as well as new residents, may find this connectivity very useful. |
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North Station District proposal to bring $162M development to North Philly
Read more here: http://philly.curbed.com/2017/3/20/1...lan-racp-grant |
Regarding this proposal and comments from the high rise thread:
1487, I love your enthusiasm and your data points. McBane, you have some good points too. Some people in my neighborhood (NoLibs) work in Manhattan and take the train 3-4 times a week. Although they use 30th street station to get to work and wouldn't necessarily use this stop, they might use it if it were safer. To me, the thing I find amazing about the proposal is how obvious it is. I wouldn't have thought of it on my own but now that I'm reading about it, I can't believe someone hasn't already thought of it. It seems like a no-brainer with an absolute TON of upside. I hope this happens, and that the developers capitalize on the investment. They deserve it for being creative. |
From PhillyMag, http://www.phillymag.com/property/20...-north-philly/
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The future of Philadelphia's future is all about trains... and rightfully so. It would be foolish not to attempt something like this in this. This WILL be a center and needs to treated as one.
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The future for Philly and rest of the country in transportation rests with self driven cars. This technology is going to completely change how cities are built and where folks live. Inga has an article today talking about how Uber has impacted mass transit. That is nothing, NOTHING!, compared to what self driven cars will do to it. My guess, self driven cars are 1-2 car generations away (5-10 years). Add another five years for rapid adoption. hence, the transformational impact will hit during the 2030's. |
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Even on the Amtrak Regional, I can get from 30th Street Station to Union Station in DC in about 2 hours. Self driving cars won't accomplish that just like manual driven cars don't. |
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And then even in the distant future when every car is self driving and flying down the highway at 100mph, they still won't be near the speed of the fastest trains. Super fast mass transit will always have its place. Trains are incredibly important to Philadelphia's future. |
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http://www.foxnews.com/tech/2017/03/...enger-pod.html Test tracks and test runs are well underway. ETA is hard. There are a lot of regulatory hoops to jump through and funding as well. The first full run between two cities likely would not be in the U.S. |
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