Ever hear the one about a group of commercial property owners from Center City banding together to fight a designation for a parcel that would give it huge tax breaks?
We have all been here before.
I’ve recently written about how a coalition called the Concerned Hotel Owners of Philadelphia is fighting a proposed tax increment financing (TIF) district designation at 1441 Chestnut St. The Greater Philadelphia Hotel Association, which represents 91 hotels throughout the region and all of Center City’s hotels, has also joined the battle against TIF at the site.
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That’s where a developer is looking to construct a 700-room W and Element hotel. Among their arguments for coming out against the TIF is the sorry state of Center City’s hotel industry. It just can’t support another hotel, especially one this size, they say. Read more about this story on PBJ.com
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