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Farnese Announces Significant State Grant Funds for Local Projects
On December 6, 2016
Harrisburg – December 6, 2016 – More than $2 million in state grant funds were approved today to support three local projects aimed at providing for safe and healthy recreational opportunities for Philadelphia residents and their families, announced State Senator Larry Farnese (D-Philadelphia).
“These projects speak to the core of what makes Philadelphia the vibrant and thriving city that it is,” Farnese said. “Each of them, while individual and unique, will help us provide for the needs of families living in and visiting the city. We can never invest too much or dream too big when families and their children are involved.”
“More importantly, these projects spark job growth,” Farnese said. “We have far too many Philadelphians still looking for good, quality jobs that will pay a living wage. Each of these projects will help us further our commitment to growing jobs locally, where families need them the most.”
The grants were approved during a meeting of Pennsylvania’s Commonwealth Financing Authority (CFA) earlier today. The CFA is an independent state agency responsible for administering Pennsylvania’s economic stimulus packages, including the Multimodal and Act 13 funds.
Funds for the projects are being distributed from the Multimodal Transportation Fund, which was established as a result of Act 89 – Pennsylvania’s transportation funding plan. The fund is designed to encourage economic development and a safer and more reliable transportation system and established dedicated funding for bicycle and pedestrian improvements.
The projects and their related grants are:
- South Street Headhouse District, $525,000 grant for the construction and renovation of driving lanes and sidewalks near the Headhouse Square Plaza. Managers of the project will focus on widening the walking paths and narrowing driving lanes to ease traffic issues and enhance pedestrian safety throughout the area. The funding will also be used to realign crosswalks, install speed bumps, pedestrian level lights and directional signs and relocate the bike sharing and parking kiosks;
- City of Philadelphia Department of Streets, $100,000 grant for road and pedestrian improvements along South Broad Street, to ensure the Avenue of the Arts section of South Broad Street is well lit and safe for residents; and
- Lincoln Square Property LP, $1.5 million to transform a blighted block of South Broad Street into retail and residential space known as Lincoln Square. Once complete, Lincoln Square will be refurbished with new sidewalks, curbs, site furnishings, street lights and more.