MUNI-PHILADELPHIA COUNTYlocal legislationPLACED ON FILE

Proposed Sale of City-Owned Property at 5501 Tacony Street

Original title: May 13, 2026 TO THE PRESIDENT AND MEMBERS OF THE COUNCIL OF THE CITY OF PHILADELPHIA: I am submitting herewith for the consideration of your Honorable Body the following proposed Ordinance: AN ORDINANCE Authorizing the Philadelphia Authority for Industrial Development to convey fee simple title to all or a portion of property known as 5501 Tacony Street, for less than fair market value, under certain terms and conditions. I hereby recommend your favorable consideration of this proposed Ordinance. Respectfully, Cherelle L. Parker Mayor

May 14, 2026

real estate economic development city property Philadelphia

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The Frame

What this does

This ordinance authorizes the transfer of city-controlled land at 5501 Tacony Street at a price below market value, which will determine the future ownership and potential development use of this specific site.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Philadelphia Authority for Industrial Development

The agency is granted the legal authority to convey the property title under the terms of the ordinance.

Residents of the Tacony neighborhood

The future use and ownership of the property at 5501 Tacony Street will change based on the outcome of this ordinance.

What changed

Last recorded activity May 14, 2026.

What's next

Next step not available in the current record.

Summary

Mayor Cherelle L. Parker has introduced an ordinance to allow the Philadelphia Authority for Industrial Development to sell the property at 5501 Tacony Street for less than its .

Key Facts

The ordinance authorizes the Philadelphia Authority for Industrial Development to transfer fee simple title of 5501 Tacony Street.
The property may be sold for less than its fair market value.
The transfer is subject to specific terms and conditions to be determined.
The ordinance was introduced on May 14, 2026.
The current status of the file is 'Placed on File'.

Why It Matters

Frequently Asked Questions

Who is selling the property?

The Philadelphia Authority for Industrial Development is authorized to the title.

Is the property being sold at market value?

No, the ordinance specifically authorizes the sale for less than .

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift100% confidence

Below-Market Property Transfer

The ordinance explicitly seeks authorization to bypass fair market value requirements for a specific city-owned site.

Philadelphia Authority for Industrial Development 5501 Tacony Street

Connected Entities

organizationPhiladelphia Authority for Industrial Development“The entity authorized to convey the property title.”Map →

personCherelle L. Parker“Mayor of Philadelphia who introduced the ordinance.”Map →

location5501 Tacony Street“The specific property address subject to the proposed sale.”Map →

Sources

Open source document

webapi.legistar.com

Analysis Score

0–100

Significance40
How much this matters to a regular citizen
Controversy20
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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