Official:Creating the Headquarter Hotel Tax Increment Financing District, being the area generally bounded by South Penn Square on the north, Broad Street on the east, 15th Street on the west, and Chestnut Street on the south and approving the project plan of the Philadelphia Authority for Industrial Development ("PAID") for the redevelopment of the Headquarter Hotel Tax Increment Financing District and making certain findings and declarations, all in accordance with the Tax Increment Financing Act, being the Act of July 11, 1990, P.L. 465, No. 113, as amended, and authorizing the Director of Finance and other offices of the City to execute documents and do all things necessary to carry out the intent of this Ordinance.
Sponsor: Council President Clarke
Introduced: October 3, 2013
Signed: December 12, 2013
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill creates a tax increment financing district to finance the redevelopment of a portion of Center City Philadelphia, specifically around South Penn Square and Broad Street, for a new headquarter hotel.
Add your view and see how other readers lean. One vote per person.
to cast your vote
Center City Redevelopment Gets Boost with Creation of New Tax Increment Financing District Area
040157 · Signed Into Law · 2004
City Officials Create Tax Boost Zone Around Faded Progress Plaza Shopping Center, Backing Major Redevelopment Plan
030222-AA · Signed Into Law · 2003
City Council Approves TIF Funding for Major Revamp of Market East Shopping Hub
150380 · Signed Into Law · 2015
City Council Approves Plan for Tax-Funded Revitalization of Mill Creek Neighborhood Area
040004 · Lapsed · 2004
Silver City Redevelopment Plan Clears Council with Creation of New Tax Increment Financing District
000260 · Signed Into Law · 2000
City Council Bill Aids Philly Schools with Tax Breaks for Art and Music Program Donations
130696 · Lapsed · 2013
City Seeks Control Over Vacant Properties From School District for Redevelopment with PAID
130718 · Lapsed · 2013
North Central Philadelphia Gets New Rules for Temporary Real Estate Signs
130655 · Signed Into Law · 2013
Every City Council bill since 2000, summarized in plain English.