Isaacson: $175,000 awarded to local project
HARRISBURG, Sept. 17 – State Rep. Mary Isaacson, D-Phila., today announced that $175,000 in funding has been awarded to help Delaware River Waterfront Corp. with a local project.
The $175,000 grant was given for improvements to the Beach Street Trail located in Philadelphia.
“I am glad to see this money come to the district to help improve the Delaware River Trail and recreation for residents,” Isaacson said. “I hope the Riverwards community and neighbors will get more use out of this area once the project is complete and further enjoy all that the waterfront has to offer.”
The project will include the acquisition of 2.7 acres of property adjacent to the Delaware River in Fishtown, as well as a 1/3-mile extension to the multi-modal Delaware River Trail. This segment of the trail will also connect other segments of the Delaware River Trail via Richmond, Beach and Cumberland streets. The total project cost is estimated to be $4.3 million.
The funds were awarded through the Commonwealth Financing Authority, which holds fiduciary responsibility over the funding of programs and investments in Pennsylvania's economic growth. The CFA is unique among state agencies in that project approval requires five affirmative votes, four of which must come from the legislative appointees who compose the board, along with the secretaries of the Department of Community and Economic Development, the Office of the Budget and the Department of Banking and Securities.
To learn more about the CFA, visit its website.