PAID Amends 5501 Tacony Street Sale to Hankin

The Philadelphia Authority for Industrial Development approved an amended property sale of a 3.9-acre parcel at 5501 Tacony Street to Hankin Management Company for $525,000. The reduced-price conveyance will deposit net proceeds into the Industrial and Commercial Development Fund and remains subject to existing development agreement terms and Commerce approval.

Scope & details

The full contract record, as filed.

Contract amount

$525,000

Contract type

FACILITIES

Renewal

Amends prior November 26, 2024 Board authorization that approved the sale of the same site to Hankin Management Company for $1,025,000; transaction remains governed by the Philadelphia Industrial and Commercial Development Agreement (Bill No. 1048, approved April 25, 1974).

Document type

AgendaPacket

Source document

Philadelphia Authority for Industrial Development AgendaPacket Board Meeting 2026-07-28

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Philadelphia Authority for Industrial Development AgendaPacket Meeting Agenda and Resolutions 2026-07-28

APPROVED

Philadelphia Industrial Development Authority, Pennsylvania$525,000Jul 28, 2026

Philadelphia Authority for Industrial Development Board Meeting Agenda Nov 2024

APPROVED

Philadelphia Industrial Development Authority, Pennsylvania$1,025,000Nov 26, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Philadelphia Industrial Development Authority?

Hankin Management Company was awarded this facilities contract by Philadelphia Industrial Development Authority, as recorded on July 28, 2026. The contract value is $525,000.

How much is the Hankin Management Company contract with Philadelphia Industrial Development Authority worth?

The Hankin Management Company contract with Philadelphia Industrial Development Authority is valued at $525,000, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Philadelphia Authority for Industrial Development AgendaPacket Board Meeting 2026-07-28 (AgendaPacket), dated July 28, 2026 from Philadelphia Industrial Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hankin Management Company hold?

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