Over at Newsworks, Dave Davies reports that Philadelphia Media Network will be getting a $2.9 million loan from the city of Philadelphia to help with its upcoming move to 8th and Market. Writes Davies:
The city's Deputy Mayor for Economic Development Alan Greenberger returned my call and explained that the city was happy to loan Philadelphia Media Holdings $2 million to help fit out the papers' new working space and another $900,000 to cover a deposit the landlord required for the new lease (there will also be some help in a state grant).
While you can have a debate about whether states and cities should be financing private companies, it's a pretty common practice to help when a large employer is deciding to relocate.
Davies also wonders why he didn't hear much about this when the move was announced. He asked Greenberger, who said "nobody asked."