Filed under: Displacement, Gentrification, Real Estate, University City District | Tags: eviction, Gentrification, university city, upenn, west philly
From something called The Jewish Exponent. Exponent? You people have to get a little better at naming your newsletter…
“David J. Adelman is the president and CEO of Campus Apartments, a company, which provides housing for undergraduates, graduate students, faculty and support staff at various colleges and universities throughout the United States.
Under Adelman’s leadership, the company has broadened its focus to include mixed-used projects on campus that incorporate both retail and office space together.
The company has increased its revenues by 300 percent over the last five years.
Adelman’s commitment to his clients extends to initiating and funding other types of projects that enhance the quality of student life on American campuses.
One of them is the University City District, a partnership between the University of Pennsylvania and other institutions to improve the safety and cleanliness in communities around Penn’s grounds and immediate area.
Moreover, Campus Apartments is the largest private-sector supporter of the district, contributing more than $500,000 over the past decade.”
That’s really charming. Campus Apartments in Philadelphia is making so much money, they can throw a half-million dollars at a gentrification committee in 10 years. That’s basically like having an employee for ten years who is paid $50,000 a year. Ah, lobbying. I’m sure Adelman’s “commitment to his clients” lies more in their exploitative monetary relationship, rather than “student life.” It’s scum like Adelman who have created the notion in yuppie pea-brains that $1,000 per month for a “studio/1BR” is a good deal in West Philly.
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