Brown: State funds provided for new Parkside Cynwyd Trail
PHILADELPHIA, Nov. 14 – State Rep. Vanessa Brown, D-Philadelphia, said state funding for the Parkside Cynwyd Trail was approved today by the Commonwealth Financing Authority.
The Philadelphia Department of Parks and Recreation, in partnership with Lower Merion Township, Montgomery County, and the Southeastern Pennsylvania Transportation Authority (SEPTA) will receive an $85,000 grant to help develop final plans and design for the Parkside Cynwyd Trail. The total project cost is $300,000.
“Trails and greenways are often seen narrowly when it comes to their benefits. They bring much more than recreational and environmental benefits. The new Parkside Cynwyd Trail will help improve public health and strengthen the economy,” Brown said. “I look forward to seeing the community come together, enjoy the new facilities and share a sense of pride and identity once this project is complete.”
The proposed 1.75-mile bike and pedestrian trail will follow the active SEPTA Bala Cynwyd Regional Rail line from the existing Cynwyd Heritage Trail at Cynwyd Station to the Fairmount Park trail system at 53rd Street and Parkside Avenue. The final design will include a rail with trail alignment connecting with other existing trail systems: the Cynwyd Heritage Trail in Montgomery County with Fairmount Park, Wissahickon Valley Park, Schuylkill River Trail, the East Coast Greenway, and the Circuit trail system in the greater Philadelphia region.
The Commonwealth Financing Authority administers and finances economic development projects and is an independent agency created by the legislature. The agency oversees the state’s Building PA, Business in Our Sites, PennWorks, New PA Venture, Capitol Investment, New Pennsylvania VENTURE Guarantee, Tax Increment Financing Guarantee, Second Stage Loan and other programs. These programs are aimed at using targeted state investments for economic development in all regions of the state.
To find out more about CFA programs, visit www.newpa.com.