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How the Property Tax Abatement Revitalized Philadelphia
March 27 @ 10:00 am - 11:30 am
Once a struggling post-industrial city, Philadelphia grappled with decades of economic decline, population loss, and a deteriorating tax base. Yet, against the odds, a bold policy—the 10-year property tax abatement, first applied to commercial-to-residential conversions and later to new residential construction—ignited an urban resurgence.
This presentation examines how this powerful incentive revitalized neighborhoods, attracted new residents, and spurred private investment when other strategies failed. Through compelling data, case studies, and expert insights, we uncover the true impact of the tax abatement and its role in Philadelphia’s dramatic transformation.
Was it a stroke of policy genius or a risky financial gamble? Join us as we explore the lessons from Philadelphia’s comeback story—and why it should serve as a model for struggling cities across the U.S.
This event will be hosted on Zoom.
For more information, click here!