Big changes are coming to the Delaware River Waterfront. Everything from an 11-acre park at Penn’s Landing to a massive residential village in Pennsport.
The state, City of Philadelphia, and William Penn Foundation have collectively committed to raising the last $10 million needed to push the project forward.
The foundation and agency have committed $15 million and $100 million, respectively, to fund the capping of I-95 and create a 11-acre park. That leaves just $20 million more needed for the $225 million project.
The mayor tells PlanPhilly that he will propose $90 million for the capping of the interstate in his Thursday budget address. Plans to cap a portion of I-95 have been circulating for years.