I'm writing this from our offices in Boston, and I'm pleased to report I have had an epiphany. You know all the whining and hand-wringing Philadelphia magazine has been doing over the thuggery of the unions and the narrow vision of our city leaders? I hate to admit it, but we may have it all wrong. Their actions have made real estate in Philadelphia a veritable bargain!
The Philadelphia taxi is in the news again. The Philadelphia Parking Authority, perhaps the most loathed institution in town, has decided that it wants more taxis that are wheelchair accessible. I think this is the best news, not just for those who are in wheelchairs, but for all of us. Think of it: We might end up getting new taxi cabs!
For those of us struggling to reinvent our businesses in this lousy economic climate, I have great news for you: The City of Brotherly Love has your back. As reported in the Philadelphia Business Journal, the Philadelphia Inquirer will receive $3 million in "special loans" from the city to help finance its move to the old Strawbridge's building. This is just weeks after the Inky sold its building for $21 million to Bart Blatstein.
Last weekend I went to visit my kids at their college in D.C. If you haven't visited lately, the city is quite the vision to behold. The capital of the world's most powerful country should be impressive, and Washington certainly delivers. Over there the White House, just beyond the Washington Monument, over there the U.S. Capitol. We drove down Embassy Row, around DuPont Circle and through Georgetown—magnificent architecture, beautiful shops and bustling restaurants. And luxury hotels abound: Among the chains there is a Mandarin Oriental a Four Seasons and two Ritz Carltons! Also in the mix, office buildings that seem to sprawl for miles. Traffic is a complete nightmare. This town is buzzing!