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Land banking originated in the 1920s and 1930s as a means of making low-priced land available for housing and ensuring orderly development. [2] The period of deindustrialization in the United States coupled with increased suburbanization in the middle of the 20th century left many American cities with large amounts of vacant and blighted industrial, residential, and commercial property.
Pittsburgh used the two-rate system from 1913 to 2001 [21] when a countywide property reassessment led to a drastic increase in assessed land values during 2001 after years of underassessment, and the system was abandoned in favor of the traditional single-rate property tax. The tax on land in Pittsburgh was about 5.77 times the tax on ...
In June of tha that same year, the Committee of 70 recommended that two of the five members chosen by city officials to serve on the Philadelphia Housing Authority, upon its creation, should be an engineering with housing development experience and a financial management expert. [9] The Philadelphia Housing Authority was then formally ...
Land Title Building data from the Philadelphia Architects and Buildings (PAB) project of the Athenaeum of Philadelphia Historic American Buildings Survey (HABS) No. PA-1514, " Land Title Bank and Trust Company, 100–118 South Broad Street, Philadelphia, Philadelphia County, PA ", 2 photos, 1 data page, 1 photo caption page
The newly formed subsidiary quickly consolidated the title insurance business in Philadelphia by absorbing six local title insurance companies and assuming a new name as the Commonwealth Title Company of Philadelphia in 1929. [12] In 1938 it acquired the Pennsylvania Title Insurance Company from the Central-Penn National Bank. [13]
The bank was founded in Philadelphia on September 8, 1803, as The Philadelphia Bank. George Clymer was the bank's first president. Later, the bank became known as Philadelphia National Bank, or PNB. During the early years of the United States, Philadelphia developed as the banking center of the country.
On September 28, 2009, the Authority found the Science Center to be in default of an agreement about the two parcels of land, currently used for parking. The Science Center contended in its lawsuit that current economic conditions had delayed redevelopment, saying that the apparent default was caused by an unforeseeable cause, and therefore ...
The 40th parallel north passes through neighborhoods in Northeast Philadelphia, North Philadelphia, and West Philadelphia including Fairmount Park. The city encompasses 142.71 square miles (369.62 km 2 ), of which 134.18 square miles (347.52 km 2 ) is land and 8.53 square miles (22.09 km 2 ), or 6%, is water. [ 79 ]