PHILADELPHIA (CBS) — Philadelphia leaders say billions of dollars are going to help expand the Navy Yard. It’s a $6 billion investment overall.
Over the next 20 years, the city says the development will bring 12,000 new jobs to the area.
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It is also expected to create millions of square feet of space for new life science, commercial, residential and retail projects.
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“For more than two centuries, the Navy Yard has been an anchor and economic driver for Philadelphia serving both in times of war and peace,” Mayor Jim Kenney said.
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This is the third plan since Philadelphia’s Public-Private Economic…
