City Controller’s latest Municipal Money Matters report reviews program’s latest progress
FOR IMMEDIATE RELEASE: Dec. 19, 2024
PHILADELPHIA – As part of the City Controller’s ongoing efforts to monitor the City of Philadelphia’s Rebuild Program (Rebuild), Controller Brady today released the latest monthly Municipal Money Matters report that found the program has completed a third of the proposed projects at a cost of almost $63 million since the program launched in 2018.
As of September 2024, the latest progress report available for review, Rebuild has completed 23 of 72, or 32%, proposed projects aimed at revitalizing recreation centers, playgrounds, parks and libraries. The average cost is $2.7 million per Rebuild project.
Communities in the Lower Northeast, North Philadelphia, and South Philadelphia received the largest Rebuild investments, collectively accounting for 72% of the total cost for all completed projects.
North Philadelphia has six completed projects, marking the most across all sections of the city. The projects include playgrounds and recreation centers. The Lower Northeast followed with five completed projects. Excluding the one completed project in Fishtown, the Northeast has the fewest completed projects with two playgrounds at a total cost of $2.8 million, or 5% of the total costs that were reported through September 2024.
According to Controller Brady, the completion of 23 projects represents an important step in Rebuild’s efforts to revitalize public spaces across Philadelphia.
“With more than 70 proposed projects, a substantial portion of the program’s work remains ahead. As additional projects move toward completion, continued monitoring of costs, timelines, and equitable distribution of funding is essential to ensuring the program’s long-term success citywide,” said Controller Brady.
In addition to the projects listed in the city’s latest progress report, the city has reported a few additional projects that were completed since September 2024, including the new $21 million Vare Recreation Center that opened last month.
Visit the December 2024 Municipal Money Matters report here.
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