Council President Darrell L. Clarke announced Wednesday the
formation of a new nonprofit to spur development along North Broad Street as an
offshoot of the organization Avenue of the Arts.
While Broad Street south of City Hall has flourished with
restaurants, theaters and hotels since Avenue of the Arts was formed as a
nonprofit in 1993, North Broad has lagged.
The new group, called Avenue North Renaissance, would be
governed by an advisory board that includes representatives from a number of
institutions, businesses and churches based in North Philadelphia, as well as
local, state and federal elected officials.
Clarke, whose district includes North Broad Street, also
unveiled a package of tax incentives to draw investment to the corridor.
The announcement came at a news conference at Tower Place,
the Bart Blatstein apartment complex at Spring Garden and Broad Streets.
Blatstein has invested heavily in North Broad, developing
Avenue North near Temple University, which included the first movie theater in
North Philadelphia in decades.
His company, Tower Investments, also purchased the former
Inquirer and Daily News building at Broad and Callowhill Streets, and Blatstein
is seeking a license to operate a casino there.
Source: Philly.com
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