The Scranton-area bank directed by landfill magnate Louis A. DeNaples has handed out the biggest loan yet — for $50 million — from a taxpayer-backed program to help mid-sized businesses during the coronavirus pandemic. The recipient: the Mount Airy Casino Resort, owned by trusts for DeNaples’ children and grandchildren. DeNaples had to relinquish his own ownership to resolve charges that he’d concealed his ties to organized crime. FNCB Bank’s loan to the casino could throw an unflattering...

The Durst Organization, an established New York real estate company that has been expanding its Philadelphia holdings, is among those competing with the owners of the 76ers basketball team to redevelop Penn’s Landing, Durst said. Durst spokesperson Jordan Barowitz said the company responded to a call to submit proposals for the site made by the Delaware River Waterfront Corporation, the government-affiliated nonprofit that owns Penn’s Landing. Barowitz declined to share any details of his...

Developer Bart Blatstein is planning a complex of 14- and 15-story apartment buildings that share a block-long parking deck in his most recent proposal for the sprawling lot he owns at the northeast corner of Broad Street and Washington Avenue in South Philadelphia. The plans comprise 1,111 apartment units over 417 second-story parking spaces — 170 more than required by the area’s land-use rules — and about 65,700 square feet of ground-floor commercial space, according to plans presented last...

Another rival has emerged with a bid for the Penn’s Landing site that the 76ers are eyeing to rebuild: a group led by developer Hoffman & Associates of Washington. The Hoffman plan calls for a dense cluster of high-rise buildings along the waterfront between Market and Chestnut Streets, north of the planned park that would cap I-95, according to site renderings and a plan summary provided to The Inquirer. The Hoffman proposal also posits a row of shorter towers fronting boat slips to the...

When Allentown used an unprecedented tax subsidy to begin redeveloping a 127-acre swath of its downtown — centered on a new sports arena — the Lehigh Valley city was reeling from the Great Recession, with poverty and unemployment rates that outpaced state and national averages. The 76ers now want state and local lawmakers to give a similar tax infusion to the developers of a potential new basketball stadium district in central Philadelphia, an area that has been generating jobs at...