GlobeSt.com UPDATE: State Offers $30M, But Comcast HQ Remains in Doubt

PHILADELPHIA-The state approved the release of $30 million from the Capital Redevelopment Assistance Fund for infrastructure improvements at 17th Street and JFK Boulevard. where Liberty Property Trust planned to build a 1.2-million-sf tower with Comcast Corp. as the lead tenant. However, in a statement following the announcement from Harrisburg, William P. Hankowsky, Liberty’s chairman and CEO, doesn’t commit to the project.

In response to a call from GlobeSt.com, Jeanne A. Leonard, vice president of the Malvern, PA-based REIT, says, “We are still evaluating the project and are not in a position to commit to development at this point.” She released a statement from Hankowsky, which was prefaced with an explanation that the funding would contribute to “the construction of various public spaces, amenities, and infrastructure improvements to (the proposed project).”We appreciate the Commonwealth’s decision to support these public improvements,” Hankowsky says in part in the statement, which concludes, “We continue to evaluate the future of the project, but we are encouraged by this expression of support for the One Pennsylvania Plaza project.”