Did Philly’s tax abatement go too far?

Why Philadelphia is scaling back its signature development tool.

Listen 17:29
The 500 Walnut condos at 5th and Walnut Streets. (Kimbelry Paynter/WHYY)

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

Listen to The Why wherever you get your podcasts:
Apple Podcasts | Google Podcasts | Stitcher | RadioPublic | TuneIn

____________________________________________________________

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.

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.

Want a digest of WHYY’s programs, events & stories? Sign up for our weekly newsletter.

Together we can reach 100% of WHYY’s fiscal year goal