Mediation, rather than litigation, proved fruitful Monday as the parties involved in the Philadelphia family courthouse project filed a motion in court that they hope will get the project back on track.
The proposed settlement includes the agreement of the private developer, Northwest 15th Street Associates, which owns the air and development rights at the courthouse site, to sell those rights to the proposed municipal developer, the state Department of General Services. The agreement is subject to the approval of U.S. Bankruptcy Judge Eric L. Frank, and the parties are seeking a hearing in front of Frank in the next week. Frank is presiding over two related cases in which the parties have agreed to settle their legal claims: Northwest’s bankruptcy case and the adversarial action in which the Philadelphia Parking Authority had sued Northwest to try to secure the return of the deed to the surface and air rights at the proposed courthouse site. The Parking Authority still owns outright the underground part of the site.
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