Long-term plan for Philadelphia’s Navy Yard to be announced today

PHILADELPHIA (WPVI) – A long-term plan for Philadelphia’s Navy Yard campus, aimed at bringing more jobs and activity, will be announced Tuesday afternoon. After the announcement, a block party will be held and it is open to the public.

Over the next 20 years, the plan will provide 12,000 new jobs, $6 billion in new investment, and nearly 9 million square feet of new life sciences, commercial, residential, retail and mixed-use development. fit.

Action News was at the Navy Yard in March to break ground on a new research and development building.

There are no tenants yet, but the idea is to build a space for companies that come up with ideas in Philadelphia to stay in the city to develop their research.

The long-range plans will be shared by developers Ensemble and Mosaic and PIDC, Philadelphia’s public-private economic development corporation and the lead developer of the Navy Yard.

Organizers say the design and planning process was done by more than a dozen minority and women-owned companies, with 49 percent of the total project costs going to those contracted entities.

The event will also celebrate the 64 graduates of the Navy Yard Skills Initiative, a workforce training program launching in 2020.

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https://6abc.com/philadelphia-navy-yard-philly-jobs-business-technology/12000276/ Long-term plan for Philadelphia’s Navy Yard to be announced today

Mike Fahey

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