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The problem with Philadelphia is it's got too many poor people. There is a significant amount of crime, a lack of available housing, and a lack of land that wou
by peterwwillis 9y ago
The problem with Philadelphia is it's got too many poor people. There is a significant amount of crime, a lack of available housing, and a lack of land that would be easy to develop. Trying to acquire and develop land in Philly runs into problems of reducing the amount of affordable housing.
The city has advertised for bids multiple times to develop new properties, and only one or two people will bid. When someone does bid, it is for ten times the cost of other similar private development, and with many fewer available units than needed. And of course, there is already no parking, and parking garages are being demolished regularly in center city to be replaced with high priced rental units.
Assuming you got the space for your HQ and finished construction within a few years, where are your young tech people going to live? Out in the suburbs on regional rail, away from the amenities in the city? Gentrify a few more neighborhoods and build more ugly cubic-modern apartments?
I just don't see where they'd put all those new people.