PHILADELPHIA (February 13, 2013) – State Sen. Larry Farnese (D-Phila.) today announced that the State of Pennsylvania is investing $14,000,000 in Redevelopment Assistance Capital Program (RACP) grants in the First Senatorial District of Pennsylvania.  The RACP grants, and the three projects they fund, will bring jobs, economic development, green energy solutions and improve tourism in the City of Philadelphia.

“Congratulations to the Philadelphia Authority for Industrial Development, Philadelphia Museum of Art and Philadelphia Energy Solutions on receiving a total of $14,000,000 in RACP grants,” said Farnese.  “These three projects are important to the City of Philadelphia and the district I represent because they will bring jobs, continued economic development and a deeper focus on further greening and building the industrial and energy economy of our great city.”

RACP is a commonwealth grant program administered by Pennsylvania’s Office of the Budget for the acquisition and construction of regional economic, cultural, civic and historical improvement projects.  The three projects receiving RACP grants are as follows:

Philadelphia Authority for Industrial Development (PAID)                                  $4,000,000
Philadelphia Central Green Project

Resources will be used to support redevelopment at the Philadelphia Navy Yard in addition to beautification and a five acre central park.  Job growth has rapidly expanded at the Navy Yard, which recently celebrated the milestone of hosting 10,000 employees.  PAID is a public authority incorporated by the City of Philadelphia to acquire, improve, lease or own industrial, commercial or specialized development projects in the City.  It is managed by the Philadelphia Industrial Development Corporation (PIDC) and is responsible for the economic redevelopment of the Navy Yard.

Philadelphia Museum of Art                                                                                                              $5,000,000
Art Handling Facility

The grant will help construct a 68,000 square foot Art Handling Facility, which was designed by renowned architect Frank Gehry, to provide much-needed improvements to the Museum’s back-of-house operations for the care, storage and movement of art.  The Philadelphia Museum of Art is among the largest museums in the United States with a collection of more than 227,000 works of art and more than 200 painting, sculpture, works on paper, photography, decorative arts, textiles and architectural galleries.

Philadelphia Energy Solutions (PES)                                                                                           $5,000,000
Catalytic Cracker Turnaround

Funds will be used to upgrade and refurbish the Catalytic Cracker Unit located in Philadelphia’s historic, South Philadelphia refinery.  PES took over the Sunoco refinery last year, preserving nearly 1,000 jobs.  In addition to improving the unit’s reliability and operating performance, the project could create hundreds of additional jobs.  Philadelphia Energy Solutions invests in capital intensive and environmentally focused projects critical to the long-term economic viability of the South Philadelphia refinery.

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Senator Larry Farnese was elected to the Senate in 2008 to represent Pennsylvania’s First Senatorial District which contains some of Philadelphia’s most unique and vibrant neighborhoods from Port Richmond on the Delaware River to Fairmount Park on the Schuylkill River and South Philadelphia, Center City, the Navy Yard, Philadelphia International Airport.  Senator Farnese serves as the Democratic Chair of the Communications and Technology Committee.  He is also a member of the Appropriations Committee, Banking and Insurance Committee, the Law and Justice Committee and the Judiciary Committee.  His District Office is located at 1802 S. Broad Street in Philadelphia, PA (ph: 215-952-3121) and his Harrisburg Office is located at 543 Main Capitol in Harrisburg, PA (ph: 717-787-5662).  More information about the Senator and his initiatives is available at www.senatorfarnese.com.

 

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