Connect with us

Pennsylvania

Pa. advocates hope historic revitalization is part of the state’s next budget

Published

on

Pa. advocates hope historic revitalization is part of the state’s next budget


A companion bill moving through the House would raise the annual cap to $20 million. The legislation was recently voted out of committee, moving it one step closer to passage.

Neither measure faces much opposition.

Paul Steinke, executive director of the Preservation Alliance for Greater Philadelphia, isn’t surprised about the bipartisan support. He said the state’s tax credit program is an economic engine, creating jobs and tax revenue as properties return to productive use.

He calls the program a “win-win” for “everyone who cares about the health and vitality of our cities and towns across the commonwealth.”

Advertisement

“If you take a vacant building that’s contributing little to nothing to the tax rolls and you fill it with residents or with offices or with businesses, retail or restaurants, the impact on those communities is immediate and can be transformative in terms of revitalizing small towns and big cities across the state,” Steinke said.

Advocates say the program also poses little financial risk to the state.

Under the program, developers who are awarded these tax credits do not receive the subsidy until the project is completed. The funding can still be used to leverage other financing, including the construction loans many developers rely on to complete these projects.

“And if the project doesn’t happen, the tax credit won’t go out,” said Crawford.

Developer David Waxman has applied for and received historic preservation tax credits for three projects in Philadelphia, including the $42 million revamp of a historic brewery.

Advertisement

The hulking brick building in Brewerytown dates back to 1870. It was used to make beer until Prohibition, and later became warehouse space before returning to its sudsy roots for a time.

The building remained vacant for nearly two decades when MMPartners acquired it in 2019.

“It was blighted, and another year or two of sitting it probably would have been beyond repair and torn down. And so then you would have had this gem that spoke to the history of the neighborhood gone and replaced with what we like to call spaceship buildings — these new build mid-rises with 10 materials on the facade and kind of built like crap,” Waxman said.

MMPartners transformed the dilapidated building into Poth Brewery Lofts, a mixed-use development with more than 100 apartments and 25,000 square feet of commercial space.



Source link

Advertisement

Pennsylvania

Josh Shapiro has a full-circle moment at Pennsylvania Society dinner in NYC, and David L. Cohen is honored

Published

on

Josh Shapiro has a full-circle moment at Pennsylvania Society dinner in NYC, and David L. Cohen is honored


NEW YORK — The first time Gov. Josh Shapiro attended the glitzy Pennsylvania Society dinner in midtown Manhattan, he was a young lawmaker invited by David L. Cohen.

Fifteen years later, Shapiro again sat front and center with Cohen, on Saturday night in New York City’s Waldorf Astoria hotel. The governor and the former U.S. ambassador to Canada celebrated Cohen’s receipt of a gold medal award, which has typically been given to the likes of former presidents, prominent philanthropists, and influential businesspeople.

“I still remember that feeling of sitting here, in this storied hotel, inspired not just by this grand, historic room, but most especially by the people in it. I just felt honored to be here,” Shapiro recalled in his remarks Saturday night to the 127th annual Pennsylvania Society dinner. “We’ve come full circle.”

The Pennsylvania Society, which began in the Waldorf Astoria in 1899 by wealthy Pennsylvania natives who were living in New York and hoping to effect change in their home state, returned Saturday to the iconic hotel for the first time in eight years to honor Cohen for his lifetime of achievement and contributions to Pennsylvania.

Advertisement

The $1,000-per-plate dinner closed out the Pennsylvania Society weekend in New York City, where the state’s political elite — local lawmakers, federal officials, university presidents, and top executives — travel to party, fundraise, and schmooze across Midtown Manhattan, with the goal of making Pennsylvania better.

Each of the approximately 800 attendees at Saturday night’s dinner was served filet mignon as their entree and a cherry French pastry for dessert. The candlelit tables in the grand ballroom had an elaborate calla lily centerpiece — a flower often symbolizing resurrection or rebirth, as the society had its homecoming after years away while the hotel was closed for renovations.

Shapiro, who has delivered remarks to the Pennsylvania Society dinner each year of his first term as governor, focused on the polarization of the moment. He said the antidote that Pennsylvanians want is for top officials to work together and show the good that government can achieve to make people’s lives better.

“Let us be inspired by that spirit and take the bonds we form tonight back home to our cities, towns, and farmlands, and continue to find ways to come together, make progress, and create hope,” Shapiro said.

Shapiro also thanked the members of the society for their support after an attempt on his life by a man who later pleaded guilty to setting fires in the governor’s residence on Passover while he and his family slept inside.

Advertisement

» READ MORE: Cody Balmer, who set fire to Gov. Josh Shapiro’s mansion, pleads guilty to attempted murder

Cohen was honored as a Philadelphia stalwart whose long career includes stints as an executive at Comcast, chair of the University of Pennsylvania’s board of trustees, and five years as Ed Rendell’s chief of staff during his mayorship.

He was recognized in a prerecorded video featuring praise from former U.S. Sens. Pat Toomey and Bob Casey, former U.S. Ambassador to Germany and former University of Pennsylvania president Amy Gutmann, Rendell, and others the 70-year-old Cohen has worked with throughout his career.

Rendell attended the dinner with his ex-wife and federal appellate court Judge Marjorie “Midge” Rendell. In his prerecorded remarks, Ed Rendell credited Cohen as the true governor and mayor of Philadelphia for all of his work behind the scenes.

Cohen, who continues his work to promote the relationship between the United States and Canada since his return to Philadelphia this year, began his remarks following his introduction with a joke: “It’s sort of nice to hear a preview of your obituary,” he said with a laugh.

Advertisement

Cohen gave an impassioned speech defending democracy and recognizing America’s position in the world, even as polarization reaches a fever pitch in the country. He credited the society as a place where America’s founding tenets are achieved.

“These Pennsylvania Society principles represent what the United States is supposed to stand for as a country, a promoter and defender of democratic values, values that have special residence in Philadelphia and Pennsylvania, where our country was born almost 250 years ago,” Cohen said.

And Cohen had a dispatch from his years as an ambassador, followed by a call to action: “From our comfortable perch in Pennsylvania, I don’t think we always appreciate what we have here in the United States and the critical role that America plays on the global stage in promoting democracy.”



Source link

Advertisement
Continue Reading

Pennsylvania

Powerball winners sold in Pennsylvania as jackpot reaches 6th highest

Published

on

Powerball winners sold in Pennsylvania as jackpot reaches 6th highest


(WTAJ) — A $2 million Powerball ticket was sold in Pennsylvania as the jackpot broke $1 billion, making it the 6th largest to date. A Pennsylvania player matched all five white balls drawn Saturday, Dec. 13, but missed the Powerball. They also had Power Play active, making their million-dollar ticket worth $2 million. Another three […]



Source link

Continue Reading

Pennsylvania

Large fire damages apartment building in Lehigh County, Pennsylvania

Published

on

Large fire damages apartment building in Lehigh County, Pennsylvania



A large fire ripped through an apartment building in Lehigh County, Pennsylvania Saturday night.

Advertisement

The fire broke out just after 8:15 p.m. at One Maryland Circle apartments in Whitehall Township, Lehigh County.

Video obtained by CBS News Philadelphia shows firefighters battling heavy flames in an apartment unit, with thick smoke pouring from the building. The footage also shows noticeable damage to the building from the fire.

Firefighters battle flames in an apartment building in Whitehall Township, Pa.

CBS News Philadelphia

Advertisement


The cause of the fire is unknown, and it is unclear if anyone was displaced or injured.

This is a developing story. Check back for updates.



Source link

Advertisement
Continue Reading
Advertisement

Trending