Official:Amending Title 19 of The Philadelphia Code, entitled "Finance, Taxes and Collections," by enacting a new Chapter, entitled "City Incentives for Rapid Growth and Expansion," providing for monetary incentives to encourage rapid development of vacant and abandoned property in the City, all under certain terms and conditions.
Sponsor: Council President Clarke
Introduced: March 7, 2013
Status: Failed
This bill provides financial incentives for developers to renovate vacant and abandoned properties in Philadelphia, offering a rebate of up to half of outstanding municipal debts.
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