76ers seek $82 million in tax breaks for Camden facility
The Philadelphia 76ers ownership is seeking $82 million in tax credits over 10 years for building a practice facility in Camden.
The New Jersey Economic Development Authority is scheduled to consider the application at its meeting Tuesday.
The amount requested is listed on the authority’s agenda.
Team CEO Scott O’Neil declined to comment on Monday. And the team has not said how much it expects the facility to cost.
To qualify for tax credits under the Grow New Jersey incentive program, businesses must commit to bringing jobs to distressed areas. Camden is among the nation’s most impoverished cities.
WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.
Man charged with hate crime for vandalizing Islamic center at Rutgers, prosecutors say
The incident came a few weeks after the state attorney general's office had reported a recent spike in bias incidents in New Jersey.
10 hours ago
Former Wildwood mayor accused of official misconduct, tax evasion in new 7-count indictment
According to the N.J. Attorney General's Office, Pete Byron abused his position to request a job from a city attorney, then failed to pay state taxes on that job's earnings.
22 hours ago
Pa., N.J. to receive millions for solar energy projects that will benefit residents with low income
The solar projects will lower energy bills for overburdened residents of the Philadelphia region, federal officials say.
1 day ago