Contractual commitments keep DRPA spending off-track
Despite promises from the Delaware River Port Authority to cut spending on economic development work, the authority is still spending on non-transportation projects. It’s due mostly to already agreed-upon deals.
Recent redevelopment projects that Pa. Gov. and DRPA Chair Tom Corbett and other new board members signed off on had already been agreed upon, and therefore needed money. Corbett has vowed to keep the DRPA in line with its core transportation mission. Among the expenses is $3.5 million to the President’s House in Old City, the Associated Press reports.
The Inquirer has a full report on the DRPA’s remaining funds
Of the authority’s $47 million in unspent economic development funds, about $28 million is obligated.
In the interest of full disclosure, WHYY has received indirect DRPA funding through the Philadelphia Industrial Development Corporation.
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