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Due to an almost decade old deal, Philadelphia City Council faces a choice between paying $200 million now to buy the city's police HQ amid a bitter budget fight or pay double the rent in future years to an influential city landowner. www.inquirer.com/politics/phi...
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Officials warned if the city does not exercise its option to buy the building this year, the annual rent price is set to nearly double. Council members balked at the price tag.
www.inquirer.com
Philly City Council is holding up a proposal to borrow $200M to buy the police headquarters building
Stephen Caruso