Another catastrophe from Councilperson Cindy Bass.
"Under the terms of a reservation letter, real estate developer KBK Enterprises has until the end of the month to demonstrate it has the necessary funding to restore the city-owned building on Germantown Avenue. If it can’t, and the letter expires, the Philadelphia Redevelopment Authority will “reevaluate the next steps for the property,” said spokesperson Jamila Davis.
That could include rescinding its selection of KBK."
"City Councilmember Cindy Bass, whose district includes the YWCA, continues to support the developer, a political backer of hers."
