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Comcast-Spectacor, Cordish Co. and the City announced the status of the Philly Live! project during Tuesday afternoon’s press conference at the sports complex. Mayor Michael A. Nutter, Peter Luukko, president of Comcast-Spectacor, and Reed Cordish, vice president of the Cordish Companies, highlighted the ongoing construction of the entertainment, retail and dining development on the former site of the Spectrum.
Employing 500 construction workers and creating 400 permanent positions, phase one of the endeavor is set to open in spring 2012 and make a $59.1 million impact on the region’s economy.
The project expects to award about 25 percent of its construction business to minority contractors with half of the workers residing locally. Philly Live! also vowed to hire a workforce consisting of approximately 50 percent local residents, 30 percent minorities and 40 percent women.
“Philly Live! will be the ultimate entertainment and dining district for families of all ages whether they are attending an event at the sports complex or just looking for a terrific dining experience,” Luukko said in a statement. “Philly Live! will energize the sports complex and create lasting jobs for the Greater Philadelphia Region.”
Contact Managing Editor Amanda L. Snyder at asnyder@southphillyreview.com or ext. 117.
