Added Feb 16 2018

The bill, introduced Jan. 25 with Councilman Bobby Henon as a cosponsor, was a response to Domb’s discovery late last year that no independent appraisal had been done for the 400 N. Broad St. building. which housed editorial offices for the Inquirer, the Daily News, and until July 2012.

The revelation that the city received no independent guidance on the property’s value could add to concerns over its spending on the Police Department’s planned move from its current headquarters in the dated four-story building at 750 Race St. known as the Roundhouse.

...building in West Philadelphia. Officials last summer gave potential buyers of the neoclassical building at 4601 Market St. until Nov. 1 to submit proposals for the property in hope of recouping some of...

...Blatstein-led group for the vacant property and an adjacent 590-space parking structure at 1501 Callowhill St. The group will also handle the building’s redevelopment at a cost of $207 million...

Original article
Date published
February 16, 2018
    Plan for police HQ at Inquirer building prompts call for outside appraisals in city real estate deals - Philly
    Philadelphia officials say their agreement to pay $249 million to a developer for a new city Police Headquarters in the former Inquirer building on North Broad Street is a good deal for the city. But that position is not backed up by an independent appraisal of the property's value, because none was completed.

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