Did Philly’s tax abatement go too far?

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The 500 Walnut condos at 5th and Walnut Streets. (Kimbelry Paynter/WHYY)

The 500 Walnut condos at 5th and Walnut Streets. (Kimbelry Paynter/WHYY)

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City Hall stepped away from the politics of the last two decades when it changed Philadelphia’s 10-year tax abatement. PlanPhilly’s Jake Blumgart explains the controversy behind the tax break on new construction and the meaning of its reform.

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