Newly revealed restrictions challenge redevelopment of bankrupt Philly refinery’s land

In a Jan. 17 bankruptcy auction, the refinery chose Hilco, which city officials say does not intend to resume refining operations. Hilco beat out a rival developer, Industrial Realty Group (IRG), of Santa Monica, Calif., whose supporters say bid $25 million more than Hilco, but was listed as the runner-up. IRG has since teamed up with ...