Legislation

City Council Approves TIF Funding for Major Revamp of Market East Shopping Hub

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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City Council Approves Tax District Plan to Spur Development Around Historic South Penn Square Neighborhood

Taxpayers in the historic South Penn Square neighborhood will see their property taxes rise under a new plan approved by City Council, which aims to lure a lucrative headquarters hotel to the area.

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Center City Redevelopment Gets Boost with Creation of New Tax Increment Financing District Area

Philadelphia property owners along Market Street and surrounding neighborhoods are set to benefit from up to $20 million in financing for revitalization efforts, but critics warn of potential long-term costs for taxpayers.

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City Council Approves Plan for Tax-Funded Revitalization of Mill Creek Neighborhood Area

Philadelphia City Council approves plan to revitalize Mill Creek neighborhood through tax-funded revitalization project. The effort aims to redevelop the area bounded by Market Street, Lancaster Avenue, 38th Street and 48th Street.

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City Officials Create Tax Boost Zone Around Faded Progress Plaza Shopping Center, Backing Major Redevelopment Plan

Low-Income Families Could Lose Subsidies as City Council Considers Ending Program Allowing Residents to Pay 10% of Heat Costs, Not Market Rate; Critics Warn of "Devastating" Consequences.

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Silver City Redevelopment Plan Clears Council with Creation of New Tax Increment Financing District

Philadelphia Homeowners Could See Lower Property Taxes Under Proposed Reform Bill; Measure would adjust tax assessment formulas to better reflect changing neighborhood values and alleviate burden on long-time residents.

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Philadelphia City Council Unveils Plan to Finance $100 Million Revitalization of West Chestnut Retail Area

West Philly small business owners are breathing a sigh of relief as City Council proposes a $100 million investment to revamp their struggling retail strip, but some residents worry about increased property taxes.

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Schmidts Plaza Redevelopment Project Approved Amid Plans for Tax Increment Financing and Zoning Overhaul

Council Approves $50 Million Plan to Revitalize South Philly's Historic District; Measure Sets Stage for New Housing, Shops, and Community Spaces Amid Ongoing Debate Over Affordable Housing Mandate.

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South Philly Neighborhood Set for Retail Revamp as Council Approves Tax Financing District Creation

Long-abandoned corner stores and vacant lots in a once-thriving South Philly neighborhood could soon be replaced with trendy shops and restaurants as city leaders OK'd a plan to inject $10 million into the area.

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