Official:Creating the Gallery at Market East Tax Increment Financing District, being the area generally bounded by Filbert Street on the north, 8th Street on the east, 11th Street on the west, and Market Street on the south, including certain improvements located therein, and approving the project plan of the Philadelphia Authority for Industrial Development for the redevelopment of the Gallery at Market East 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: Councilmember Squilla
Introduced: April 23, 2015
Signed: June 18, 2015
: Committee of the Whole
Status: Signed into Law, step 4 of 4
This bill creates a Tax Increment Financing District in Center City Philadelphia, specifically the area around Market East, to support redevelopment and urban renewal.
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