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Dispelling common myths about Philadelphia's 10-year tax abatement
Start:  Monday, Jun 18, 2018  6:30 PM
End:  Monday, Jun 18, 2018  8:30 PM

Waterfront Gourmet Cafe & Deli
3131 Walnut Street
Store 2
Philadelphia, PA 19101   directions   parking »

Hosted By: Joe Scorese

Event Features: Business Networking

Diversified Investors Group ? University City Sub Group 3rd Monday of the Month Presented By: A. Jordan Rushie Esq./ Jenna Dietrich, JAD Development Company Not only has it increased the amount of money flowing into city coffers, it has given a boost to the production of workforce housing. Consider the 10-year property tax abatements on new construction and rehabilitation a down payment on a future gusher in revenue for the city thanks to the huge jump in construction activity it has triggered. And the benefits will only grow more in the coming years, for there are still new properties under construction and on the drawing boards. The estimates that these could produce anywhere from $70 to $200 million more a year in revenue by the time their abatements expire. Contact: Joe Scorese 215-290-5108 or Pex Arellano - 267.238.1081

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