Thursday, July 24, 2014
Inquirer Daily News

Cira Centre South Project Moves Forward

The Cira Centre South, a proposed office tower near the Cira Centre next to 30th Street Station along the western banks of the Schuylkill River, took a step forward today with support from City Council's Committee on Finance to extend tax benefits for developers by seven years.

Cira Centre South Project Moves Forward

This artist´s rendering shows the Post Office redevelopment area, anchored by Cira Center South. Rendering provided by Brandywine Realty Trust.
An artist's rendering of The Cira Centre South.

The Cira Centre South, a proposed office tower near the Cira Centre next to 30th Street Station along the western banks of the Schuylkill River, took a step forward today with support from City Council's Committee on Finance to extend tax benefits for developers by seven years.  The committee voted to support legislation that would extend the Keystone Opportunity Zone benefits to 2025.  That move needs approval in Harrisburg.

Mayor Nutter supports the plan. "It's an incredible opportunity for the city to bring net new jobs to Philadelphia," Nutter said of the committee's vote. "We're going to do our part. Hopefully the state will take action as well."

Two Center City landlords sent a letter to Council, objecting to the extension of the KOZ, but did not testify during yesterday's hearing against the plan.  Some Center City landlords previously objected to granting KOZ benefits to the Cira Centre.  Both projects are being overseen by the Brandywine Realty Trust.

City Councilman Jim Kenney took note of the lack of opposition at the hearing, saying that in previous years it could have easily turned into a "day-long embarrassment" with people protesting the project. Kenney recalled the tone of opposition to the Cira Centre legislation. "We don't have the sky is falling complaints in here today that we had then," Kenney said.

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Chris Brennan, a native Philadelphian and graduate of Temple University, joined the Daily News in 1999. He has written about SEPTA, the Philadelphia School District, the legalization of casino gambling, state government, the mayor, the governor, City Council and political campaigns. E-mail tips to brennac@phillynews.com
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Jenny DeHuff is a 2005 graduate of the University of Rhode Island, where she cut her teeth in journalism. A South Philly transplant from New England, she joined the Daily News City Hall Bureau in 2013. For the past several years, she has worked as an investigative reporter exposing corruption in suburban politics, covering sometimes ghastly criminal court cases and following the people’s money and how its spent. In addition to being a dogged news hound, she enjoys reading and writing about travel, animals, Irish whiskey and aviation. E-mail tips to dehuffj@phillynews.com
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Sean Collins Walsh is from Bucks County and went to Northwestern University. He joined the Daily News copy desk in 2012 and now covers the Nutter administration. Before that, he interned at papers including The New York Times, The Dallas Morning News and The Seattle Times. E-mail tips to walshSE@phillynews.com
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