Quote:
Originally Posted by 1487
I continue to say a lot of the blame falls on the owners/speculators of the properties on Market. The 1000 block is full of mediocre looking buildings that need serious investment. I know PREIT has purchased a few to hold for future development but it seems like that is a long term play with no improvements coming soon. I just don't understand why these building owners aren't trying to maximize these properties. Same applies to some of the buildings on East Chestnut and 11th street.
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It's absolutely ownership - the Rapaport's singlehandedly stuck it to large swaths of Center City for generations. Thanks guys.
The city is also culpable - I wish leadership was more vocal in publicly addressing/focusing on these types of issues. It's amazing the mountains that can suddenly move when there's Mayoral interest in a particular project/agenda (see Soda Tax/Pre-K).