The City of Philadelphia, Delaware County, and Tinicum Township announced a multimillion-dollar financial settlement Monday in long-simmering tensions between the city-owned Philadelphia International Airport and its municipal neighbors over a massive plan to expand the airport.
The tentative agreement, announced by Mayor Nutter, airport CEO Mark Gale, Delaware County Council, Tinicum officials, and U.S. Reps. Patrick Meehan and Robert Brady, includes funding to ensure “continuity of tax revenues” for the Delaware County neighbors.
Two-thirds of the airport is in Tinicum.
The city also agreed not to acquire 72 Tinicum houses and displace 300 residents.
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