Diversified Investors Group – University City Sub Group
June 18th, 2018
6:30 PM to 8:30 PM
3rd Monday of the Month
Location: Waterfront Gourmet Cafe & Deli 3131 Walnut Street, Store 2, University City, Philadelphia, PA
Presented By: A. Jordan Rushie Esq./ Jenna Dietrich, JAD Development Company
Discussion: Dispelling common myths about Philadelphia's 10-year tax abatement
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 taxabatements 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. This a great way understanding the best investments for new construction and complete renovations.
Contact: Joe Scorese 215-290-5108 [email protected]
or Pex Arellano - 267.238.1081 [email protected]