ECONOMIC DEVELOPMENT > Allegheny Avenue Revitalization Initiative
The Allegheny Avenue Revitalization Initiative is designed to redevelop a series of vacant former industrial properties along Allegheny Avenue.
The idea for this initiative grew out of a series of community planning meetings, where both the residential and business communities acknowledged that the key to a real and sustained recovery by the neighborhood is to revitalize vacant or under-utilized industrial and commercial zones in Allegheny West.
This initiative, along with other AWF programs, is designed to align with two major redevelopment efforts planned for our community:
Budd Commerce Center: The Budd Commerce Center will include the redevelopment of a 75-acre site formerly used by the Budd Company as a manufacturing facility. Budd ceased operation in 2003 and the site was purchased in 2004 by Preferred Realty, which intends to transform the property into a mixed-use facility to include light industrial, professional offices, retail and housing development.
As of January 2005, Temple University has committed to leasing a sizable 11-acre portion of the Budd site to be utilized as a back-office operation, which will employ 700 people.
- Tioga Redevelopment: The second effort is the Tioga Redevelopment Plan, an initiative New Courtland Elder Services and the Philadelphia Planning Commission has undertaken to plan for the redevelopment of the section of Tioga bounded by Broad Street on the east, 17th Street on the west, Venango Street to the north and Allegheny Avenue to the south. Which will create affordable and market-rate sale and rental housing opportunities for employees of New Courtland, Temple University Hospital and residents of the area.