The Reading Terminal Market is a historic institution that, since 1892, has sustained a unique blend of merchants offering food and food products to people through the Philadelphia region. The Reading Terminal Market Corporation is committed to preserving the Market’s tradition, and establishes these Operating Policy Guidelines to govern the Market.
- In filling vacancies which may arise in the Market, general preference shall be given to growers and purveyors of local and regional produce.
- Businesses in the Market which offer food intended primarily or exclusively for consumption within the Market shall be limited to no more that the greater of one-third of the total businesses in the Market, or one-third of the total leasable area of the Market.
- All leases shall reserve to the Corporation the right to approve changes in the product lines of merchants in the Market.
- Leases shall require the owners to be actively involved in the management and operation of their businesses within the Market.
- Rental rates and rental differentials for merchants within the Market shall be established so as to facilitate the achievement of the above policies, while at the same time maintaining the self-sufficiency and financial viability of the Market.
- Leases shall grant the Corporation approval rights over all plans and activities which result in changes to the facades and fixtures of stalls, even if these are paid for entirely by the merchants themselves. Corporation review and approval of such plans and activities shall be consistent with the “Declaration of Covenants and Restrictions for Reading Terminal” which comprises Exhibit “P” of the City/PCCA Lease and Service Agreement.