The 10-Year Tax Abatement and the Future of Philadelphia Real Estate
Posted by on June 17, 2013
Penn Lightbulb Cafe presents The 10-Year Tax Abatement and the Future of Philadelphia Real Estate
Kevin Gillen, Senior Research Consultant, Fels Institute of Government
Tuesday, June 18, 2013
6:00 – 7:00 p.m.
World Café Live
3025 Walnut Street
Credited by its supporters for the Center City building boom of the last decade, the Philadelphia 10-year tax abatement is vilified by its critics as a tax giveaway to developers and wealthy condo owners and challenged for not going far enough to promote the development of affordable housing in low-income neighborhoods. A proposed City Council bill would severely curtail and limit the abatement. What has the abatement done for Philadelphia and at what cost—and what will it mean for the future of Philadelphia real estate if it is reduced or eliminated? Economist Kevin Gillen, a Wharton alumnus and senior research consultant with Penn’s Fels Institute of Government, will address these issues, what they mean, and why all Philadelphians should care.
Café events are free and open to the public, but RSVPs are encouraged. Contact Gina Bryan at 215-898-8721 or email at bryangm@upenn.edu.
Menu items are available for purchase .
More information at: http://www.upenn.edu/pennnews/sciencecafe
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