This week’s Philadelphia Weekly tours the city’s burgeoning coffee culture. The recent proliferation of coffee shops in Fishtown since 2010 is the focus of one article in particular, adding credence to a University of Massachusetts sociological study from 2011 that empirically tied the industry to gentrification trends as a whole. Far from over-saturation, cafés offer urban millennials the chance to form a new identity within a java-centric community. That should explain the optimism of Erica Zito and Mary Button, whose Lola Bean coffee shop on the 1300 block of Frankford Avenue is about to get a new neighbor: the flagship location of Philly’s own La Colombe.
City Councilman Jim Kenney is lobbying for the inclusion of a formal skatepark in the looming redesign of LOVE Park, reports CBS Philly. Parks and Recreation commissioner Mike DiBerardinis promises to leave the option on the table, but pointed to the construction of Paine Park by the Art Museum as the City’s main effort to placate the skateboarding crowd. That’s not enough, says Kenney, who argues that the city would be wise to take advantage of the established connection between LOVE and the global sport.
The Inquirer reports that the developers of the proposed 23-story Eastern Tower at 10th & Vine has figured out a way to get the final $33 million necessary for its construction. Supposedly, 66 prospective Chinese immigrants would be guaranteed green cards for them and their families in exchange for a loan of $500,000 each. Officials are confident that the plan is feasible, as the federal government’s EB-5 program has proven popular in recent years for East Asians.
A new study shows that Philadelphia has the second-highest tax burden of all American cities, at 17.6%, relates the Philadelphia Business Journal.
