Monday, September 22, 2014
Inquirer Daily News

Drexel closes on sale of UCHS

Drexel University officially closed on the purchase of University City High School today for $25 million.

Drexel closes on sale of UCHS

The letters on the map indicate potential buildings Drexel may construct on the massive University City High School site. The university closed on the sale from the school district on Monday.
The letters on the map indicate potential buildings Drexel may construct on the massive University City High School site. The university closed on the sale from the school district on Monday.

Drexel University officially closed on the purchase of University City High School today for $25 million.

That is great news for the School District of Philadelphia, which needs the proceeds from the purchase to help it pay its bills by the fiscal year’s end.

Drexel's plans for development, however, are contingent on the passage of Councilwoman Jannie Blackwell’s zoning bill this week, which would lift restrictions on height limits for buildings and other provisions that would clear the way for the university's next venture.

Blackwell is confident her bill has the full support of City Council, which wraps up for the season this Thursday.

Drexel plans to develop the 14-acre site into new residential, retail, laboratory and recreational spaces, along with a potential K-8 public school, carrying a pricetag of about $1 billion in investments.

 

About this blog
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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