And it’s due to a lot of factors, one we’re holding on to more and more of the young people to come to Philadelphia, the Philadelphia region to get great education, 101 colleges and universities in the tri-state area. And we’ve seen population growth in that 25 to 34 year old sector.
Second, we are experiencing growth because many empty nesters in the suburbs, house is gotten too big kids are away, it’s not easier to be here in the city and many of those folks wanted to do spend a lot of time in Philadelphia anyway. Constantly, going through a restaurant, renaissance we, Philadelphia was rated one of the top 10 shopping destinations in the world by CNBC. And of course hospitality, tourism, art and culture, Travel and Leisure Magazine recently rated Philadelphia, the number one city for culture.
In the United States of America and that was before the barn is open, just a couple of weeks ago, which will be an international phenomenon for us. Hospitality is a great growth industry for us. We continue to pursue hotel development and we still need nearly 1000 new rooms from the hotel sector, because we doubled, virtually doubled the size of our convention center over on with the new North Broad Street entrance.
North Broad Street is a great area of growth for the City of Philadelphia, as well as our Waterfront, which we expect to have one of the best Waterfronts anywhere in the United States of America. We are also seeing population growth from immigrant communities we had a 50% growth in the Hispanic, Latino population here in Philadelphia going from a little over 8%, to now over 12% of the population as well as from African countries, Caribbean community as well as the Asian population growing in Philadelphia as well.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV