SEPTA and Drexel University Announce Station Naming Rights Agreement

SEPTA’s 30th Street Station for the Market-Frankford Line and City Trolleys will soon include the name of an iconic Philadelphia institution served by this transit hub.

Under a new naming rights agreement between SEPTA and Drexel University, the station will be transformed into Drexel Station at 30th Street. This marks SEPTA’s most recent station naming rights agreement, which helps generate revenue and improves the customer experience.

The agreement gives Drexel exclusive naming rights for five years.

The 30th Street Station is one of SEPTA’s most heavily used. It serves as a gateway to both Center City and University City, with access to multiple transit modes, including the Market-Frankford Line, City Trolley routes, and buses. Regional Rail service is also available nearby at the William H. Gray III 30th Street Station.

Combined with the adjacent Drexel Square, Drexel Station at 30th Street will welcome visitors to Schuylkill Yards, a vibrant innovation district Drexel is developing in partnership with Brandywine Realty Trust in University City. Drexel Station is the latest step in the $3.5-billion Schuylkill Yards, which began with the opening of Drexel Square in 2019.

Drexel has also partnered with Brandywine, Spark Therapeutics, Gattuso Development Partners and Wexford Science and Technology in an effort to equitably bolster the neighborhood’s economic opportunities. Just a few blocks from the station, the University through these partnerships, is creating new spaces for teaching and learning and for working and conducting research in life sciences and cell and gene therapy.

The naming agreement marks the latest development in Drexel’s longstanding relationship with SEPTA. The University was also one of the first partners in SEPTA’s Key Advantage Program in 2022, which offered benefit-eligible employees all-access SEPTA monthly transit passes.

Drexel Station at 30th Street is undergoing extensive renovations. Improvements include new elevators, a new headhouse, upgraded lighting, and enhanced safety and security features. SEPTA has been closely coordinating with Drexel and community stakeholders throughout the project.

SEPTA and Drexel expect to unveil new signage and other enhancements for the transformation to Drexel Station at 30th Street early next year.

-via Press Release

This article was posted on: December 22, 2023