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  #1101  
Old Posted Jul 21, 2018, 3:04 PM
skyscraper skyscraper is offline
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Originally Posted by mcgrath618 View Post
Drexel does get tax breaks for the land. The main reason they’re involved is because they want to expand, along with making that area more inviting and less... ugly grey. It’s kind of a stain on their campus, especially when admissions is so close by.
grey is an improvement over orange brick.
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  #1102  
Old Posted Jul 21, 2018, 5:14 PM
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Zapatan Zapatan is offline
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Wow this is awesome!
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  #1103  
Old Posted Jul 23, 2018, 5:38 PM
City Wide City Wide is offline
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Originally Posted by mcgrath618 View Post
Drexel does get tax breaks for the land. The main reason they’re involved is because they want to expand, along with making that area more inviting and less... ugly grey. It’s kind of a stain on their campus, especially when admissions is so close by.

I've got no reason to doubt that Drexel and Brandywine know what their are doing, but the 'partnership' agreement between those 2 parties would be interesting to look at, well maybe to somebody who is well versed in real estate law. The whole Schuylkill Yards site seems to be a strange mix between Drexel and Brandywine. B certainly owns some of the properties outright, others are apparently owned by D but land leased to B, and then D owns others, such as the old Bulletin building, that who knows what B's stake is in that list of properties.

For what it's worth, Penn has a large and very successful 'for profit' real estate arm, and in general a non-profit still has to pay all sorts of taxes on 'involvements' that make money. That apparently can get tricky when Penn rents out space in one of their academic buildings to café operation. Years ago when I did work for Penn the whole process of bidding and how the job was run and getting paid were completely different depending on whether the site was academic of run by their real estate department.
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  #1104  
Old Posted Jul 24, 2018, 5:26 PM
christof christof is offline
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I just hope one of these towers have an outdoor waterfall, like the one in China. Anyone else read about that new tower?
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  #1105  
Old Posted Jul 24, 2018, 9:17 PM
johnm164 johnm164 is offline
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Originally Posted by christof View Post
I just hope one of these towers have an outdoor waterfall, like the one in China. Anyone else read about that new tower?
Saw that today on Reddit. Very strange

Link for those interested

https://www.reddit.com/r/CityPorn/co..._name=CityPorn
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  #1106  
Old Posted Jul 26, 2018, 1:00 AM
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Originally Posted by SEFTA View Post
I'm wondering if that new sunken entrance planned across 30th street, SW corner of the apron, will replace the existing El station in pic. Is there any plans for that station?
The new entrance at the apron would be additional. SEPTA spent a lot of money installing that elevator a decade ago at the current headhouse so it isn't going anywhere.
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