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Developer of multi-billion-dollar ‘Schuylkill Yards’ pledges funds for affordable housing, job training, minority businesses

June 28, 2017

The developers of Schuylkill Yards, the $3.5 billion commercial and residential development near 30th Street Station, announced this week that they will spend $5.6 million on community initiatives, including affordable housing.

Brandywine Realty Trust’s “Neighborhood Engagement Initiative” will focus on local job creation and training, supporting local and minority-owned businesses and building affordable housing. The firm pledged to provide $3.1 million toward housing and job training in the first phase of Schuylkill Yards development, set to begin this summer.

Curbed Philadelphia reports that the $3.1 million will go into a community fund to be shared between the nearby Powelton Village and Mantua neighborhoods for housing projects. Brandywine will also provide $500,000 to the Enterprise Center to help develop minority-owned businesses. Other plans include providing funding for the Construction Apprentice Preparatory Program to help local workers prepare for jobs in the construction industry.

Schuylkill Yards will include 6.9 million square feet of new commercial, retail and residential space on 14 acres stretching from 30th Street Station west to 33rd Street and from JFK Boulevard south to Chestnut. It is scheduled to be completed in two phases over the next two decades.

2 Comments For This Post

  1. LW Says:

    That’s a total of 0.16%.

  2. Oumou Bah Says:

    LAME!!!
    Considering that they will make hundreds of millions of dollars. Unless 6 mil is invested EACH YEAR this is peanuts and a P.R. Stunt/tax break.

    Pledge to spend 60 mil over 10 years and we can overlook your plans to further gentrify W. Philly…

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