Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends: The Reading Viaduct project is finally on track after years of speculation and endless fundraising attempts. The project, inspired by New York City’s popular Highline Park, will convert a portion of the decaying Reading Railroad elevated train line into a park with stunning views of the Philadelphia skyline. The project’s supporters hope to further …
Restructuring Phila.’s Business Taxes; Hope for Vacant Land; and Improving Independence Mall
Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends: The Philadelphia City Council Finance Committee approved a bill that, if ultimately adopted, would substantially restructure the city’s business tax system. The bill intends to eliminate the net income portion of the dreaded Business Income and Receipts Tax in favor of increasing the gross receipts tax over a five-year period. According to its …