View Single Post
  #33  
Old Posted Dec 18, 2013, 8:03 PM
summersm343's Avatar
summersm343 summersm343 is offline
Moderator
 
Join Date: Oct 2011
Location: Philadelphia
Posts: 18,365
Wilson Goode is in the minority here. The majority of City Council is in favor of the project. Anything Goode proposes will never even make it to a vote... not enough support. This is the same thing that happened with the W Hotel, and City Council pretty much unanimously passed the TIF. SLS International is 95% privately funded, the city would be moronic not to allow a tax abatement for the project that will bring hundreds of tax paying residents and thousands of tourists a year and create several hundred jobs. You would rather let the properties remain as is? Two empty buildings and an empty lot that generate not even 1/16th what the new building would generate in taxes? But they pay property taxes and have no abatement! Where the new building will have an abatement! Yes, but the new building will bring so much more in tax revenue from residents, jobs and tourists.

People in this city can be so shortsighted.

Will City council deny the development a tax abatement? I think not. City Council isn't THAT moronic.