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Philadelphia Parking Authority lost more than $1 million on a failed real estate development led by ex-director Scott Petri

Developers will pay the parking authority $2.1 million to settle a lawsuit over the failed 16-acre parking headquarters known as “Lot 9.”

Picture of Exelon Generation, Richmond Generating Station, 4101 North Delaware Avenue, Philadelphia, taken March 2, 2022. That site was to have been an impound and towing headquarters for the Philadelphia Parking Authority.
Picture of Exelon Generation, Richmond Generating Station, 4101 North Delaware Avenue, Philadelphia, taken March 2, 2022. That site was to have been an impound and towing headquarters for the Philadelphia Parking Authority.Read moreALEJANDRO A. ALVAREZ / Staff Photographer