Spectrum headed into overtime

July 21, 2009 5:44:19 PM PDT
Just when you thought the Spectrum was about to shut-down for good there is word that the landmark site may be headed into overtime.There are plans for a makeover as a shopping and entertainment destination with 350-thousand square feet of entertainment, retail, and restaurant space. On the left, a trendy hotel could sit with a spa and meeting space.

As Cordish Development Company formally presented their ideas to City Planning, they added potential tenants are clamoring at all the business they could get when you factor in the sports and concert crowds.

"300 days a year there's something going on here with this venue when you talk to prospective tenants their eyes bug out because you can't get an opportunity like this anywhere else in the country," said Gary Block of Cordish Development Company.

One of the most notable features the two level area with a small stage and open seating. A canopy extends over-top in case of rain or snow. Heating in the winter, cooling in the summer, fit for year-round use. And perhaps some of the beloved Spectrum will be incorporated in the new plan.

"The spectrum has a lot of history here. Mr. Snider holds it close to his heart. So we have to include it as part of the project."

Traffic is among the concerns for the project, though some members did express support for the project. One even mentioned the potential for gaming, though it's not part of the master plan

The project timeline is still fuzzy, but the developer says the Spectrum will be demolished after its last concert in October. Once they do break ground, construction should take 18 months. The cost will be at least 100 million dollars, not including a possible hotel.

Tuesday's look at Philly Live was purely informational. The city planning vote comes later the developer hoping by September.