posted by Joe Polk at 7:34 PM /
A majority of Mt. Lebanon's five commissioners said they'll vote to approve a controversial tax-increment financing plan for a proposed luxury condominium and retail complex.
The board will vote Monday on the plan to give a $6.1 million tax break to developer Zamagias Properties for the $42.8 million project at Washington and Bower Hill roads. The Mt. Lebanon School Board approved the financing plan by a 6-3 vote last month.
Only Commissioner Keith Mulvihill said he hasn't made up his mind on which way he'll vote next week. "It's a good project ... but I'm not sure whether it makes sense for us to provide that amount of support," he said.
Link: www.pittsburghlive.com/x/pittsburghtrib/news/southwest/s_503364.html
Labels: commission, economic development, municipality, TIF, washington park
1 Comments:
Pittsburgh Laurels & Lances
On the "Watch List": Mt. Lebanon commissioners. They're scheduled to vote Monday on a $6.1 million tax-increment-financing plan for the developer of a very tony condominium project. It's a tax break for a project that deserves none, a fact that escaped the Mt. Lebanon school board, which already has signed off on the deal. Taxpayers are not venture capitalists; if the commissioners think they are, voters should show them (and their disrespect) the door.
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