Philadelphia Wants To Buy Former Scott Plaza Site As Part Of Airport-Expansion Plan

Philadelphia wants to buy the 27-acre property known as International Plaza on Route 291 in Tinicum Township, Delaware County, as part of a long-range expansion of Philadelphia International Airport.

An ordinance was introduced in City Council on Thursday, paving the way for the city-owned airport to purchase the complex, which has two office buildings that were once the corporate headquarters of Scott Paper Co.

The former Scott Plaza site is owned by a joint venture of affiliates of New York-based private equity firm Angelo Gordon & Co. and Amerimar Enterprises Inc., a commercial real estate development and management company.

“We are in the loop on this,” said Gerald Marshall, president and CEO of New York-based Amerimar Enterprises. “Yes, we are willing to sell it.”

Read more at http://www.philly.com/philly/business/20150527_Phila__wants_to_buy_former_Scott_Plaza_site_as_part_of_airport-expansion_plan.html#U7MimCXQbI5WcApC.99

Philadelphia Settles Dispute With Tinicum Township Over Airport

Philadelphia International Airport (Photo credit: Wikipedia)

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.

Read more at http://www.philly.com/philly/business/transportation/20140506_Phila__settles_dispute_with_Delco_town_over_airport_expansion.html#YzjbkWRMYQHP1Kw6.99