Quote:
Originally Posted by josef
Is there a rendering for this anywhere? The Naked Philly site didn't have one.
Also, is this a case of Chinatown further developing the area north of Vine Street? Cause, Chinatown rocks. I don't like the idea of it getting crowded out from all directions, so I hope this is the Chinatown community continuing to stake out space just to its north.
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There are no permits with the city for construction...at least not recorded in L&I.
And you know what else is really annoying with this? I'm happy to see construction here, but holy f#ck man, if you look at the tax assessment for this parking lot, its total assessment is $0 for all three parcels. Sale price was $1 for all three in 2014. So, the current tax system states that this parcel of land that could actually support a pretty large building is worth absolutely nothing and is taxed as nothing.
No wonder we have so many speculators. No wonder we have so much sub-par building. With the tax structure as it is, there is no pressure to build on vacant center city land and no pressure to build something with any sort of height.
These buildings look just fine that are going up, but for this vacant land right next to center city to not be bringing in ANY money for the city is just crazy! Then, they will also have tax abatements for the next ten years.