News
Philadelphia Commercial Real Estate

Convention Center Hotel Support Split

Respondents to our recent survey are split, after the City Council committee on finance recently recommended creating a TIF to support the development of a W and Element Hotel at 15th and Chestnut. One says that more hotels are needed to support large conventions, which is an economic driver for Philadelphia. But others weren't so sure: "I doubt we'll see any changes with the state of affairs regarding the Convention Center and the current union issues," another says. "If you build it, they might not come." Another respondent says he'd like to see the funds used to make schools better. "Private money is available for developments that private owners deem worthy of development."

Continue reading this story with a free account

Log in or register
Related Topics: Element Hotel
Sign up for more articles like this
Subscribe to Bisnow's Philadelphia Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Philly Retail Momentum Spills From Rittenhouse Into Northern Liberties

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

'Redefining Industry Standards': RCG's 3-Pronged Approach To Building Automation

Philly's Big-Box Warehouse Owners Subdivide Spaces After Developing 'The Wrong-Size Buildings'

King Of Prussia Pursues Stadium To Anchor $200M Mixed-Use Complex

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

America's War Machine Is Growing, Sparking A Defense Real Estate Boom