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12:29 AM / Sunday September 22, 2019

15 Jul 2016

Brown: Fairmont Park getting $180,000 in state grant for revitalization

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July 15, 2016 Category: Local Posted by:

ABOVE PHOTO:  State Rep. Vanessa Lowery

State Rep. Vanessa Lowery, D-Phila., said she is pleased to announce that Fairmont Park at Kelly Drive is getting spruced up because of a state grant totaling $180,000.

The grant is being given to the city’s Department of Parks and Recreation to aid in the upgrades at the park.

Brown said the funding comes from the Commonwealth Financing Authority and is made available through the local share account established in the state gaming law.

“The awarding of this funding is major boost to the city of Philadelphia because Fairmont Park is used literally by thousands of people on a daily basis. The revitalization project will enhance economic development and contribute to the growth of our city,” Brown said.

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The Commonwealth Financing Authority administers and finances projects and is an independent agency created by the legislature. The agency oversees the state’s Building PA, Business in Our Sites, PennWorks, New PA Venture, Capitol Investment, New Pennsylvania Venture Guarantee, Tax Increment Financing Guarantee, Second Stage Loan and other programs. These programs are aimed at using targeted state investments for economic development in all regions of the state.

To find out more about CFA programs, visit www.newpa.com.

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