Pre-development will soon begin for a former incinerator site at the Festival Pier along the Delaware Waterfront. This could mean bright things for the future of Northern Liberties and the adjacent waterfront.
Property values now and in the future will gain strength, stability, and increase (in that order) to development of the waterfront.
According to PlanPhilly, a $237,000 grant was given to the Delaware River Waterfront Corporation (DRWC) from the Department of Environmental Protection. It is deemed for residential use and it is bringing "national exposure" to the area. Other grants also include a second DEP grant for $50,000 for preliminary planning and $200,000 from the U.S. Army Corps of Engineers.