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PHILADELPHIA (CBS) – The Philadelphia Parking Authority is holding a groundbreaking for a new 210 space neighborhood parking lot in Old City Friday.

The parking lot will be located on the corner of 2nd and Florist Streets under the Ben Franklin Bridge.

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The parking lot reserved for monthly patrons is expected to be complete in the spring of 2019.

The groundbreaking ceremony will begin at 10:30 a.m.