What is Delaware River Waterfront?
The Delaware River Waterfront Corporation (DRWC), established in January 2009, is a 501(c)(3) non-profit organization dedicated to enhancing the City of Philadelphia's waterfront. Its core mission involves the design, development, programming, and maintenance of public amenities, including parks, trails, and streetscape improvements. DRWC aims to transform the waterfront into a dynamic destination for recreation, culture, and commerce, aligning with the Master Plan for Central Delaware. Through year-round programming, the organization is actively fostering a stronger connection between Philadelphians and their waterfront, creating inclusive spaces and communities.
How much funding has Delaware River Waterfront raised?
Delaware River Waterfront has raised a total of $2.3M across 2 funding rounds:
Debt
$1M
Debt
$1.3M
Debt (2020): $1M with participation from PPP
Debt (2021): $1.3M led by PPP
What's next for Delaware River Waterfront?
The recent major strategic investment, coupled with the overall enterprise-level funding, positions Delaware River Waterfront Corporation for significant advancements in its mission. This capital infusion is expected to accelerate the development of public amenities, expand programming initiatives, and further solidify the waterfront's role as a vital hub for residents and visitors. The strategic backing suggests a focus on long-term growth and the enhancement of Philadelphia's urban landscape.
See full Delaware River Waterfront company page
