$30M in Pa. Aid for New Comcast HQ12/09/2004 5:29 AM Eastern
The Philadelphia City Council's finance committee voted unanimously Wednesday to accept $30 million in state aid for a new 57-story skyscraper that will have Comcast Corp. as its lead tenant, AP reported.
The $30 million was included in an all-or-nothing bundle of projects totaling $113.8 million that would benefit several city neighborhoods, which made it difficult for council members to refuse, according to AP.
Owners of other downtown buildings voiced their opposition, with one, Dave Campoli, telling AP the government aid was a bad idea at a time when so much office space is unused, adding, "The Center City market is very bad. There are 184 full-floor vacancies.”
The proposal goes to the full City Council for a vote next week.