Center City
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PAFA Announces It Will Close Its College at the End of the 2024-25 Academic Year
Pennsylvania Academy of the Fine Arts (PAFA) is closing its college at the end of the 2024-25 academic year, writes Tom Dougherty for CBS News Philadelphia. While its college will close, the museum will remain open and its certificate programs, K-12 arts programs, and continuing education will remain in place. PAFA President Eric Pryor cited…
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Wall Street Journal: Audacy Will Likely File For Bankruptcy in Coming Weeks
Audacy is preparing to file for bankruptcy in the coming weeks as declining advertising revenue has resulted in the Philadelphia-based radio broadcaster being unable to service its nearly $2 billion debt load, writes Alexander Gladstone for The Wall Street Journal. The senior lenders with whom Audacy has reached an agreement in its bankruptcy plan will…
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Barcade Prepares to Open Second Philadelphia Location in Center City
Barcade, a hybrid arcade and bar venue, will open its second Philadelphia location at Chestnut and Juniper streets at the end of the month, writes John Paul Titlow for Phillyvoice. Located inside the historic Hale building, the Center City Barcade will feature more than 70 games across two floors, 24 lines of craft beer, and…
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Meet the Man Behind GingerBread Lane at Reading Terminal Market
It’s typical for Reading Terminal Market to draw major attention during rush hour, but there’s been one particular attraction that has caught more attention during recent rush hours, writes Jenn Ladd for The Philadelphia Inquirer. That is GingerBread Lane, the creation of Jon Lovitch, a professional chef turned full-time, self-taught gingerbread man. Under the auspices…
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The Comcast Center Has Sights on Becoming a Culinary Hub
The Comcast Center in Center City features a nice selection of restaurants, and it’s part of a grand vision for the corporation, writes Emma Dooling for the Philadelphia Business Journal. The roster of restaurateurs responsible for the food establishments features five James Beard Award winners. They are Greg Vernick of Vernick Coffee Bar and Vernick…
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Renovations For Amtrak’s 30th Street Station Now Projected to Cost $550M, Timeline Delayed
After initial estimates between $300 and $400 million to renovate 30th Street Station, that price tag has now skyrocketed to $550 million, writes Emma Dooling for the Philadelphia Business Journal. Amtrak spokeswoman Beth Toll credited the increase to the expansion of Amtrak’s corporate office renovations at the train station — using the entirety of the…
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Philadelphia Chooses Winning Design for New Harriet Tubman Statue
The city of Philadelphia has selected the winning artist behind the design for the new Harriet Tubman statue outside City Hall, writes Melissa Noel for Essence. Alvin Pettit, a Jersey City-based artist originally from Baltimore, was selected as the artist, beating out four other semifinalists. His design is titled, “A Higher Power: The Call of…
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Studies Are Looking at the Potential Impact of the Proposed New Sixers Arena
It has been more than a year since the Philadelphia 76ers announced its proposal to build its new arena in Center City and many questions still remain, writes Jeff Gammage for The Philadelphia Inquirer. Most of the questions pertain to the economic and community impact the proposed arena would have on the city. Most of…
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Philadelphia Developer Proposes New Tower On Site Where Toll Brothers Razed Part of Jewelers Row
Philadelphia developer Pearl Properties recently unveiled its plan to construct a soaring housing tower in Jewelers Row on the vacant property created by Toll Brothers for a now abandoned project, writes Jake Blumgart for The Philadelphia Inquirer. The renderings for the planned building were showcased at a neighborhood meeting of the Washington Square West Civic…
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Comcast Sees Major Jump in Peacock Subscribers, Revenue
Comcast in Philadelphia recorded a major spike in Peacock subscribers and revenue in the third quarter, proving that its investment in live sports was a good strategy, writes Ryan Mulligan for the Philadelphia Business Journal. Peacock saw a growth in subscribers of 80 percent year over year in the quarter ending September 30, with revenue…
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Wall Street Journal: Philadelphia Fed President Wants to Stop Raising Interest Rates
Patrick Harker, Philadelphia Fed President, believes that the central bank should take its time before deciding the fate of interest rate increases, writes Nick Timiraos for the Wall Street Journal. “This is a time where we just sit for a little bit … let’s see how things evolve over the next few months,” said Harker. …
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Center City is Recovering Well Post-Pandemic, But There is More Work To Do
As the post-pandemic world progresses, city downtowns are continuing to recover and Philadelphia is among the most well-recovered, writes Paul Schwedelson for the Philadelphia Business Journal. New research by the Center City District found that Philadelphia is among the top five cities in the nation when it comes to two key factors: industry mix and…
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Rocky Merchandise is Now Available Inside the Parkway Visitor Center Outpost
The more than 4 million visitors on average that visit the Rocky Statue outside the Philadelphia Museum of Art shows an immense level of popularity for the fictitious boxer, writes Julia Merola for Billy Penn at WHYY. To add to the popularity, Philadelphians and tourists will be able to buy official Rocky gear. The Philadelphia…
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Amanda Shulman Brings Her Supper Club to Philadelphia
After spending years running a supper club from her apartment, Amanda Shulman has elevated her visionary concept with a Philadelphia restaurant, writes Khushbu Shah for Food & Wine. While she was an undergrad at the University of Pennsylvania, Shulman spent her weekends cooking five-course meals for paying dinner guests. After she began working as a…
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New Documentary Focuses on Sigma Sound Studios in Philadelphia, Place Responsible for Some of Most Memorable Music Ever Recorded
The new documentary “Sigma Sound” puts the spotlight on Sigma Sound Studios, a Center City establishment that was the source of some of the most memorable music ever recorded, writes Ian Bush for KYW Newsradio. Many know that Sigma Sound Studios welcomed artists such as The O’Jays and Harold Melvin & The Blue Notes, but…
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Phillies Slugger Pat Burrell’s Former Center City Penthouse Hits Market Again, Price Drops By Over a Million
A penthouse in Center City previously owned by former Philadelphia Phillies slugger Pat Burrell is once again up for sale at another reduced price, writes Ryan Mulligan for the Philadelphia Business Journal. The home at 1601 Locust Street is being offered for $3.25 million. It was listed in March 2022 for $4.299 million and reduced…
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WSJ: Comcast and Disney Agree to Start Hulu Negotiations Earlier Than Expected
Comcast and Disney have agreed to move up the start of negotiations that will determine the fate of their jointly-owned streaming service, Hulu, writes Jessica Toonkel for The Wall Street Journal. The two media conglomerates will start negotiating a potential sale of the Center City-based company’s minority stake in Hulu to Disney on September 30.…
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Bloomberg: Billionaires Clash Over 76 Place, Proposed Chinatown Arena for Philadelphia 76ers
Recently, two squads of billionaires have been battling over 76 Place, the proposed future home of the 76ers in Philadelphia, writes Gerry Smith for Bloomberg. On one side, the team’s owners, Josh Harris, of Apollo Global Management, David Blitzer, a Blackstone Group executive, and real estate developer David Adelman, want to build a new home…
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