Submitted by jberk988 t3_yd3bup in philadelphia
Trafficsigntruther t1_itrqrmj wrote
Reply to comment by eponymous_bosch in Controller Rebecca Rhynhart to resign today and launch run for mayor by jberk988
He voted against the reduction in the commercial property tax abatement. Yet reducing the abatement increases the value of his existing holdings that are grandfathered under the 100% abatement.
I’m not sure how you can get more impartial?
eponymous_bosch t1_itrv633 wrote
He’s not done building. The value of continuing the abatement is much more readily realized than the marginal increase of property value of his existing portfolio
Trafficsigntruther t1_its5sxh wrote
For his future buildings, he’s on a level playing field with all the other new buildings, it doesn’t matter.
eponymous_bosch t1_its7nsx wrote
He is on a level-ish playing field with other builders/developers, but I think thats beside the point. He’s directly benefiting from a continuing tax abatement, which he voted to do.
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